Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-04-30


The New York Commercial I'D, srtissr Of she after
noon Of the oath, says:
Ease continues to be the sl prevailing feature Of
the money market, and the supply seems to be in
oreasing with much more rapidly than the demand
The rates remain a. four TO Eve per cent call on
FIRST class and six TO seven per cent second class
securities. The bulk Of the transactions, however
are at about Eve per cent. and as general thing
loans however are ct about Eve per cent. and as q
general thing loans that are made at 3 lower rate
are not allowed to remain very long. We have
heard, however, Of one instance during the week
where party made loan on prime securities at
four per cent irreelaimable until the expiration
Of nine months. We give this as an instance Of the
want Of confidence in some quarters Of any very
speedy improvement in the demand, but as s rule,
parties do not care to divest themselves Of the con
troll Of their funds, such low rates for any very
greai length Of time.
Paper Of The right stamp remains very scarce 10
the street, and is in demand ct five TO six per cent
with occasional transactions at inside the minimum.
The banks find il difficult to obtain sufficient to keep
their lines full but il is believed that the statement
70 be made up to-day win show moderate increase
in the average as compared with the report Of the
previous week. The present estimate is that the
specie average viii not be below thirtyfour millions,
OF say one million increase during the week, with
California instalment due on Monday or Tuesday
next Parties are beginning 70 speculate on the
probability Of the ultimate accumulation reaching
forty millions.
The New York Evening Post whose sources Of
information are 50 abundant and reliable on all
matters Of public interest, and whose guesses are
Of the nature Of prophecy thinks that we may lOOk
out for sgnals" because the ROthschilds have been
realizing some Of the securities they held in London
and Paris Il is strange that IN view Of this fact,
which must be known one besides the editors
Of the Evening Post, money should be q drug in
London at 2a23 per cent per annum, and here at "A
6 per cent
Il is announced by the three banks in Richmond
that in view Of the provisions Of the act requiring
specie payments they will be constrained to restrict
their receipts Of bank notes. and after the LIST Of
May, to the issues Of the Bank Of Virginia and its
branches the Farmers Bank Of Virginia, and Its
branches, and the Exchange Bank Of Virginia and
its branches. and Of such other banks as may pro-
vide for the redemption Of their circulation in Rich
Pc
The Boston AdDafiser publishes q statement Of
the April dividends declared by 1l9 of the 1876
country banks Of Massachusetts,. The average rate
Of dividend Of the country banks is 8,666lOOO per
cent; Of the city banks it was g. 7l-lOO. The total
amount of dividend paid by 155 of the I72 banks
in the whole State Of Massachusetts, is s. l05,573,
on q capital Of S57,O44, $50
The Bank Of Cape Fear, N. c., has declared
semi-annual dividend Of per cent for the last SIX
months, payable on and after lst Of Msy
The Illinois Central Railroad Company give
tce Of their readiness to pay an instalment Of 20
per cent on their outstanding notes and seOeptsnoes
Land Warrants are quoted as follows in New York,
with firm market:
Ruv;Dr prira Saline