Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-02-21
q COMMERCIAL.
1Ionotary ana COmmerciaL

The New OrE EUeTtH7 FOsty OF the lDJhY says
The money market is daily growing easier, and
rates are consequently declining. The superabun-
dance which is pressing call is astonishing, which
tents 10 foster speculation, and give promInency
70 all classes Of stocks, whether Of intrinsic value
or not The rates for commercial paper in the open
market are 6a7 per cent. for A No. ], sal2 per
cent for second class short-dates The banks
aud private discounters are warm competitors for
the supplies Of first class obligations that are offer
ing Ii is very evident that the banks have more
means than they know how TO use. They to-day
hold fully thirty-one and half millions in esD, aud
there is every prospect Of the foreign drain being
partially checked for tme this reserve IS not Ike
ly TO be materially disturbed for some time.
At Boston there is but q very limited demand FOR
money on the street, with the exception Of Few
collateral loans on the favOrite railroads and bank
shares which are negotiated from the legal rate to
10 per cent. per snuum.
The Baltimore Patriot Of the 10th, says:
There is evidently more ease in financial affairs.
Capital accumulates and seeks sound investment.
The banks discount literally. Money, however, is
not in very great demand for business speculative
purposes Notes such As find their way 70 the
street are being negotiated, first class at Sag and ~
Der cent. premium. But little demand for second
class. and rates are irregular, ranging from lal8
psr cent a month. Money call Tss per cent.
per annum and easily obtained on satisfactory col
lateral.
The Coffee market continues quite active, and
holders are still pretty firm IN their views, at the
quotations below. We had reported sales to-
day Of 800 bags very common Rio st - cents and
900 bags good fair do. al lO3 cents. Most Of the
sales making are TO 20 TO the West. The stock OF
Rio coffee in the first hands, has been reduced to
about 10000 bags. We quote Rio coffee today at
lO5qlO4 cents for fair and Hall! cents for good to
Nashville Market, Feb. 90.
CorToy-The ou'v sales we have heard of to-day
were at st@loi.
TOEACoo-The receipts continue quite large, with
ssles at prices ranging from 400 to $50 Loose
2384.
PRovIsIoxs-BacOn is coming in quite freely, and
sells readily at Sc, hog round. Lard S(BSIc.
GRocER1rs-The market is well supplied, and the
transactions during the week have been pretty heavy
We quote Sugar at G@se. MOlasses 2ssSoc, in bar
rels. and 82B635c, in half barrels. Coffee la l23c
The Cotton Markets.
Cu.RUFsToS, Feb 1.-THE market continues dull
and irooping, and to effect sales, holders have TO
submit to decline Of full cent on the closing
rates Of last week. The transactions 10 day-some
HOO bales-Were at this concession, extremes rang
ing from TO J. cents.
CHARLESTON, Feb. lS.-Buyers are ssreving and
holders are free sellers st half cent decline. sales
today 600 bales extreme rate II cents.
SAVANNAH, Feb. 1.-THE demand was limited to
few BUYERS to-day, and the market somewhat more
depressed than yesterday. The decline from the
highest point is about cent The sales are 50 IT.
rsgulsr that We think Il prudent to omit quotations
Pie transactions Of the day foot 146 bales At the
following quotations: at To- at II; As At II 1878
ia 90 al 10: 3S at n (; lO5 st II & snd bales
al - cents.
MACON. Ca, Feb. l7.-There was oOnsidsTsble
animation In the market for several days past snu
large sales made from g to ll3 cents. since me
arrival OF the Niagara, whose accounts did not sRoN
snv further improvement, there has been less 0s
mand, and prices uOminally the same.
CoLuvprs. Gs.. Feb. Is-We have to report an
other dull dav in Cotton yesterday. No transactions
of importance occurred. The receipts were 400
bales Sales 100 bales at previous rates, ~ TO lie
NovrgourRv. Ala, Feb lG.-About 800 bales
we're sold Al IOlGI2c The latter price for good mid
ding 10 lniddling fair.
MEMPHIS. Feb l9-There was considerable sc
tiyftv prevailing in the market yesterday, as well az
An increased demand for all kinds above good MD
5IiDrs About 600 bales issstimsted to have beer
gold at reduction of fully 4o, on previous quota
lions
Augusta Market Feb. IS.
Corrov There is very little disposition on tbs
part OF BUYERS. and almost as little on the part o.
sellers, to operate. The market Is unsetleo, sG'
Aiddiug Fair to Fair may be quoted from III to Ili
cents.
BACOY.-Sides lOall AID We heard Of lot o.
FEther green meat sold At lOf cents hog round.
EAcuANGE.-The banks are now drawing on New
40rE at sight 81 ! z cent. premium
Columbus, Cal Market, Feb. Is
BAcoS-We have quite an active demand for thi
r. arucle' purchasers we're promptly met by the mer
chants up to the close Of the day. Adviees Of sd
vances In New Orleans and Nashville however
tinue our former quctatiops-sides I25 Hams I24
Shoulders loo, retail
LAEP-seveTal fresh arrivals have given US
tOlsrable good supply Of lard, which is selling 8
I2}c, retail and lie. by the barrel
FoRK continues 81 our former rates laugbtera,
sto e}c cut and sailed lOc
CORE-The demand quite brisk and supply small
re quote at IS to sOs, from stores.
FIoUR--TenDsssee Mills from s. to 50; City Mil
ssRes9