Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-04-02
COMMERCIAL.


says:
There is little more activity in the money mar
ket the result of increase in the general business
of the city, consequent upon the advance Of the
season. but if there s any change in the aspect Of
the market during the week It is toward greater ease
the supply being more than sufficient to absorb all
means Of desirable investment Offering Paper Of
the right quality and inside of four months contin-
ues scarce and in demand, though there is large
amount Of longer dates making from the public
sales of merchandise now going on, but it does not
mature early enough to be desirable for bank pur-
poses. We make no change in notice of rates,
which We still place at five to six per cent for de-
msnd loans and six to seven per cent for prime pa
per- with the same qualifications as to transactions
at lower rates, which we have heretofore made.
The Virginia Legislature has fixed upon the 1st
of August for the general resumption Of the banks
which have suspended.
The Claiborne (La.) Allocate andMOnrOe Register,
both speak Of the briskness Of business in their
neigbborhOOd. Cotton is going into market with
unparalleled rapidity.
The Houston (Texas) Telegraph, of the 18th inst,
says Cotton begins to roll in briskly-the receipts
for the past week being over 100 bales.
The Civilian. at Galveston, says the receipts for
the week were ,78O bales. The Tezian learns that
the banks of the Sabine lined with cotton, which
there is now but one boat engaged in taking off.
The Marshall Flag says the planters are rapidly
hauling their cotton to Shreveport They are also
generally making their preparations for planting
there this year on an enlarged scale.
writer in the New Orleans PIcdynns of 23d
inst, says on the cotton crop subject:
perhaps we have arrived at point at which we
may safely make use Of some figures and facts in
- In he cot oron we hav Fa
| ceived at all the ports 100000 bales Can it be
said, with any Judgment that New Orleans will re3
| ceiVe 250000 bales additional? The Atlantic and
Florida ports 250 900, Mobile 100000 and those Of
Texas 50,O00?"
The Mobile Mercury states that sale of the new
Dean cotton, was affected in that city, at 90 cents
a pound. It was produced on the planta.
ton of Messrs t. & 7. Tyaee, and was of a rich
creamy color. If found in Charleston or savannah,
from its color and long silky fibre, it would have
been pronounced to be Sea Island cotton. Growing
with facility on uplands, and even producing more
abundantly than the Mexican Gulf, or other varie-
ties, our cotton planters will not be long in extend
ing its culture.
Business matters at St. Louis must be in a bad
state, if the following which find in the EUening
Meas and Hltslhgenesr is correct:
DuJ as the CLOUDS disappear one Dy one from the
financial horizon the question is daily and earnestly
asked in St. Louis, when will our Banks resume -
when will they relieve out city from the odum and
diseredit Of Bank suspension! That there is an
OdigHs and dseTsdu to a suspended bank is unques
tOnble and we find that St. Louis is everywhere
suffering in other States and cities Of the Union,
/ by this dead condition of our banks.
We have been accustomed to boast Of the heavy
cash capital Of St. Louis, Of its sOlvenoy and com
mercial integrity and ready responsibility. But
this heretofore just and honorable fame is almost
gone. In New Orleans, as we have reason to know,
our city is openly sneered at, and our bank mana
gers ridiculed as financial " spoOnies" Whimpering
and trembling at the ghost Of defunct panic or
VERSE; as small minded brokers, eager to makeia six
penny shave out Of the diSh0Hor Of their banks
rather than make fair and honorable gains by imme-
date and manly resumption.
Of the growing Wheat crop the Chicago (Ill.)
Tribune says:
During the last few days we passed over dozen
more counties in the State, (slong the Illinois
CENTRALLY besides the counties Of Knox Daviess and
Pike in Indiana, and can speak from personal OBJ
servaiOn of the favorable appearance Of the grow
ing wheat crop. The most trying months are over,
and very large yield of wheat is likely to be had
this season. The fields between Lasalle and Bloom
ington, and further SOUTH from Cenralia 20 Vincen
mes and Washington, Indiana are particular green
and well covered A large portion Of the old crop
position is evinoed to accept the present ruling rates.
which is causing great activity in trade over the
whole country.
The Springfield IN Journal of the Goth, says:
We have made inquiries of q number Of our coun-
try friends in this and the adjoining counties and
they ell speak Aattering byOf the prospect of the fall
planting Of wheat. The fields look most beautiful
the wheat is well set, and fOurishing that many
will pasture it. The breadth planted is large,
and if no bad luck ntervenes, viii yield an immense
crop.
The Vincennes lind Sun Of The 26th, says:
Parties who have recently passed through the
counties Of Knox, DaViess and Pike, in this State
unanimous in the opinion that the growing
wheat crop looks exceedingly favorable. The fields
between this point and Washington are particularly
green and well covered, and the same opinion is
equally applicable to Illinois.
The New Bedford Mercury, in an article on the
prices of Oil, remarks: of the cargoes to be re-
ceived at this port the present season. we are within
bounds in stating that fully Onehalf of them will,
at present prices, be attended with loss to the i'm
pOrters, while the aggregate, on an average, will
scarcely remunerste the actual expense of impOrta-
ton"
New Orleans Market, March 27.
SUGAR-The market has been more irregular dur.
ing the past three days, being depressed by an
comprising 1850 hhds on Wednesday at 6a65 and
63c for Fair to Fully Fair; 1850 on Thursday at
about the same range and 1860 yesterday at previous
Matchmaking an aggregate for the three days of
1850 hhds, and for the week of $3.50. We now quote
as follows: Common to Good Common 45a5&c Fair
to Fully Fair Gs63; Prime 8a74c and Choice 75a8e
Clarified ranges from 7a1O3o.
MOLAssEs.-We left the market at the date of our
last review ruling at 2Sa29c for Prime to Choice,
since which, with moderate demand, prices have
ruled more in favor Of buyers, particularly towards
the Close the sales comprising 1000 bbs on Wednes-
day at 24a26o for Fermenting, and 27a2S for Prime
some Reboiled commanding 2S1a29; little or no
Choice offering; 1900 bbls on Thursday at 25a27o
for Fermentng, 274 for RebOled, and 29c for small
lots of Choice, which continued scarce and 1000
yesterday at 24a26e for Fermenting and 27a28 for
Good, the market being nearly bare of Prime and
Choice.
COFFEE-The imports of 1926 bags, 10 443 d.
rect from Rio and 1858 cOastWise, has impaired in
creased activity to the market but reduced range
of prices the sales of the past three days psng
1850 bags; including 800 yesterday at 1Osc and 100
at lO4 and the cargo Of the Agnes, 5443 bags, on
Wednesday at lO4c The entire sales of the week !
comprise 1920 bags, embracing SAB, the cargo of
the Agnes, at l04o, 5000 at 103 577 at lie and 25O
at ll4o. Lonsdsles Weekly Statement sets down the
stock st 5949 bags 1926 in first hands and I4l7 in
second hands, against 49, 457 same time last year The
market closed at l02al04o for fair to good fair and
Hall &c for Prime. Imports since LIST July direct
1852 bags; COastWise, p, 934-total 1877, $50 |
against S32, 098 to the same date last year.