Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-06-19
Monetary and Commercial.

The Planters and Union Banks resumed specie payments the
18th During suspensions these hanks FORTH ing
themselves and fully prepared for the step they
The demand for specie these banks has been, ute
limited.
We sincerely wish could the resumption Of ecie
payments by Branches Pc ople
certainly expected the by
early those Owned by private individuals and if the lIank
Of Tennessee finds itself still condition which il i'm
practicable resume, the fact should be communicates the
public The Presidents branches Mon
day and Tuesday, and had conference with the officers Of the
mother consider Of the propriey resumption o. specie
payments and all that the public knows Of their concus ons
that they determined present. for what
left conjecture 10TH believe it is the
bank is not prepared for the step.
The resumption Of specie payments by the Bank Of Tem,ssse,
the Planters and Union Banks, having already resumed would
force every bank in the state into resumption disret on thus
plao paper upon equality spe
Gle paying banks in other States,
The Louisville Journal Of the 10th reports iprO0eDl eatin
thraes of discount upon the Of old hanks, viii
quoted per cent, while the notes Of Kentucky banks
manda premium here This it should be- and be
attributable the system upon which banking in
carried On We trust Tennessee viii cont rbute
its power and influence remedy this evil the resumption Of
specie payments certainly the first step in that direction.
We understand the Bank Of issued ctons
its Branches pay circulation other thin the
notes Of the Bank and its Branches
We notice Of 900 Tennessee Bonds in New York
the 18th at 921z8g3.
The Louisville Courier o. the 10th says.
The books for increase Of $780, 900 the capital stock Of the
- - "a ell1- 1 ~ an ~ 80 = ~ -
hours the whole amount vas TAKEN There was rush for the
stock which showed the confidence Of people in this ns uon
persons, the largest by any individual
$4,000. The capital Of this bank S20OOC0 and
the share holders calculate pretty surely annual
The books OF the Commercial Bank we're aso opened for an
increase in her capital The he taken here
S2OO00 speedily
Enough applicants the already been made
early hour this morning.
Th show the high standing Of hanks, well
as the abundance Of capital here seeking investment This move
ment indicates that after the first Of July money will be more
plentiful here than it has been for some time number OF cap
itsts have been accommodating for this investment and the
thus put in bank stocks viii be distributed through the chan
nels trade. The million that has lying idle for
months and that these yesterday in double
where it Will do the work Of many millions.
By Of Congress- land issued under act o.
1885, will hereafter railroad ands other
open for entry, than 81 Is per acre, the be
received at 81 .,
reply Mr.. Moran's sweeping assertions, that all the
railroads the country losing money, correspondent
Boston EraHsept says all the leading BostOn
except the Eastern, viii pay dividends July,
money, but TOUT Of net earning"
The Cincinnati GE-egs Of the 18th says:
The opened to-day with an active speculative
dand but under the Hduenee Of aae weather it closed less
receipts extremely light comprising only l39 bbls for
Whisky advanced PIC holders we're
talking pc for The demand chiefly specua-
tive There was an active demand for wheat and prices advanced
Bose bushe Tie offerings light. Corn was in brisk
demand at 54c Oats sold mp 70 4Oc No change in barley
rye provisions to-day at saturdays
figures but holders refused meet it, and there consequently
nothing done.
large proportion speculative business in -four and
whisky, saturday and 20 day, dealers,
who have faith most Of
local operators. Farmers miers understand,
refuse sell grain -four present. preferTng
favorable. * has the
scn disposition should continue to
gloomy appearance with reference the FUTURE very light
receipts Of produce expected.
Augusta Market, June Is.
CoTToN-Te week has been very irregular
prices The being rapidly reduced the receipts
very light. The sales reported hales fol-
10 bales "a; lO 30 lO IL; 263 at il 4
and bales II 70 cents. The receipts lales.
It dcult Go give reliable quotations cassfcatOns,
the Totes offering contain different grades and the sales made
Inferior lots range from. ~ ga
Niddung, il to
Good MdGliuE,
Middlug Fair, lI55 to
FLoUR-Ihis commodity continues large supply,
limited demand. City Granite Mills Superdne sells so;
Extra at s. 5O and Extra Family SG-Carmchsel Mills
81 So and Extra from s. So There shipping demand,
and sales only made city neghbohOOd
CoRNl De- uncertain Wlata large lot u would
The supply in market Light, very
The last sale reported made 20 the retail price
from 20 10 IS cents.
WHEAT-NeT White commands from 90 cents to 81 8 busbe
and r0mj s5 Old Wheat from 81 accord
ing quality and quantity.
BAcoN-re quantity market and daily coming forward,
etliuej
hv the fy holders sellers for several
Scents round. The general prices asked, however are
sIzGssg for Shoulders TO-, II cents
and some fancy cut and canyassel
LAFp-Seg from lOl to II = cents in b5s and from l2I
to Is cents, III neat kegs, for a choice article.