Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-04-07
COMMERCIAL.



The.latest saviees from England report an easy /
money market, although there was considerable de-
mand at the Banks. Advances On government /
securities we're Obtainsble at az q cent. Fail |
ures occurred occasionally which stirred up more or
less disrust The bank directors did not, as we e1-
pectsd, reduce the rate. The amount of specie
held by the Bank Of England is about Sss 900 900,
while the reserve in the Bank Of France is about
sixty seven and a half millions Ofdosrs, with pros
psot of rapid increase to one hundred millions
The Philadelphia Bulletin thus notices the money
market of that city;
Money continues abuudant-far in excess of the
demand-and on undoubted securities there is no
difficulty in efecting lOsns ct 6 az q cent. BUSH
ness is slowly improving. A number of the suspen-
ded houses settling up theirEaeeoouts, and the
process Of liquidation is steadily. going forward.
Specie is aeeumulating in the banks, because CAPT
talsts have not yet fully recovered from the dis
trust created by the financial difficulties Of the past
six months and will not invest unless with certain
ty of a sure and quick return. Many prefer to let
their money lie idle, rather than incur the smallest
risk in its investment The spirit of speculation is
entirely dormant, and revival eau be anticipated
until there is q return of confidence
The Keowes g. c. Courier notices the appear
ance Of two counterfeit bank notes. The first is
one dollar bill on the "Bank Of Chester" which is
spurious that Bank not being allowed by law to is-
sue bills Of less value than Eve dollars. The other
is a twenty dollar bill on the Commercial Bank OF
Columbis," sufficiently we'll executed to impose it.
SELF on the transporting, these times II is dated
in 1914, and has judging by appearances, done the
country some service"
The Savannah Meas says the banks in that city
are selling exchange the North at per cent pre-
MUM, and outside parties at per cent.
! The Baltimore Patriot Of the I'd says:
The money market remains about as before We
note an active demand and capitalists not disposed
| to lend except upon the very best securities.
The banks discount moderately. good deal Of
paper finds its way to the street. We quote frat class
| endorsed at to 10 per cent and desirable single
names at II per cent Second and third class paper
does not seem to be wanted. Money on call 8a9 per
cent per annum.
The New York EOsHing Post of the I'd, reports the
money market without noticeable change and says
discounts are quoted OF 6a7 per cent for fret class
short dates.
The Illinois State Auditor gives notice that all the
circulating notes issued By the Bank of Hamilton
County, at McLeansborO, will be redeemed at par
on presentation at his Office,
The Virginia Legislature has passed the bank bill,
with an amendment requiring the banks to resume
specie payments on the first Of May.
The Augusta Dispgteh Of the Sd reports sale of
several thousand pounds of western bacon sides at
115o-
Messrs Neill Bros. Co., of New York, in their
Cotton Circular sent out to Europe by the steamer
Arabia, say Of the supply and consumption Of
Cotton:
During the last few weeks, many Of the mills re-
Gently idle running short time have recommended
full work Allowing, moreover, for the fact thstspin-
ners havenot laid in stocks eyususlly do before
this period We look from this out for larger trade
demand than last year, any recent previous year.
In Rhode Island and elsewhere, there are still many
mills standing but it is probable that the majority
will be at work during the spring. and it is esti-
mated that there now about 200, 900 bales less
cotton held by manufacturers than at this time last
year. it is apparent that they likely to be active
competitors for the remainder Of the crop.
Bales.
The stock in the ports isnoW 900
If the crop be $780, 900 bales, we have yet
to receiVe.,.... OOU
1885, 900
| H.. 1o,bt