Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-04-25
COMMERCIAL.
17onsIary ana Commercial.

The Augusta CeHstiHhonalist Of the 22d says:
We understand that the banks in this city will re-
sumo specie payments en- the Ist day Of May. There
has besn difieulty, we believe, for some months
past in obtaining specie for all the necessary wants
of bill holders although the banks were formally in
a state Of suspension.
The resumption viii cause depreciation in the
bills Of South Carolina, and other banks, which
may be in circulation in this section unless those
banks provide means for liquidation in specie.
What the effect will be of this resumption in
Augusta, while the banks in South Carolina remain
suspended may be ascertained after while.
The New York EUeHing Post Of the Doth says;
The tone Of the money market is without change
the pressure Of unemployed capital forces the
lender to yield slightly in favor Of the borrower;
this applies only to strictly first class Names which
are being done at Al a5 per cent The negotiations
Of second class signatures is no easier.
The weekly bank returns present additional eVi-
dence Of the stagnant condition Of commercial and
financial affairs The deposits are again higher
and will, no doubt, soon reach eighty millions The
discount line Unexpectedly shows small increase
and has evidently been kept up with no little diff
Guilty. This may account in great measure for the
decline in the rate Of interest," which took place du-
ring the week. The clesTings in the aggregate are
three millions higher than the previous week, exhi
bit ng more liberal movement in the money mar
ket The specie average is fast approaching thirty
five millions, which many have predicted it would
ultimately reach The tO'al in bank to-day is not
short of thirty -four millions, the average being
rising ole The changes from the previous state
ment are as follows:
April 10 April II
Loans. .S1lO,3 GIG Sill 344, sol In ..S497,275
Speoie........ 32.036 436 1896 449 ln~l, l6OOl3
/ Circulation. 7,245, 800 10000 De. 556l9
Nom. e's...93 56G, 100 95,448, 456 1882, 356
IND Des &c 79OS64 78,l2l,025 In-l, 1880, l6l
Nashville Market, april 2ls
| CoTToS-The week opened rather unfavOrably
and during the early part of the week the transac-
lions we're limited At the close the market rallied
and pretty large amount changed hands. The
sales of yesterday and to-day made at 9@l03e,
which is an advance of fully 4c upon the opening
of the week.
ToBACoo-AIessrs Fisher Wheless Co. sold six
hOgsheads at the following prices 40 sos, $40,
8 so. sos, $50. A. Hamilton sold fifteen hogs
heads at the followingfgures; $780, So 905, 7.3O,
20, S75, 5.85, go, 4SO, 600, $50, s.55. 800,
| 9O5, so.
PRo7IsroNs-Bacon continues to come in freely
The ruling price is Sc. for hog round, at which
holders do not manifest much eagerness to take
hold We occasionally hear of a sale Of very choice
at a fraction over cur quotation. Lard finds ready
sale at 9@94c, in good shipping packages
FLOUR AND GRAIH-The demand for Flour is still
limited. Choice brands are selling in retail way
at S. though large lot could not be sold at high
q figure Superhne sells at S4a4 %. For Wheat
there is no demand except by Mers, who are pay
ing 6O665O We can hear Of no transaction in
Corn, and no demand. If sale could be made We
suppose 8Oc would be the highest price that could
be obtained.
GRoCER1Es-The stock of Groceries on the market
is large and the transactions have been heavy at
former quotations, say Sugar 7@s1, MOlasses 829
80, Coffee 123@l83.
The Cotton Markets.
CHARLESTON, April 22.-The demand is good and
prices are full and advancing Sales to day 300
bales at 10 to 13o.
AUGUSTA, April 22-The transactions this fore
noon were light, and emily reaching 26S bales, as
follows: at 9; II at III at 1lg; "a at H. Is at
I21; 81 at l24; SO at l2R cents. All parties are
awaiting the Csnsds's news.
SAVANNAH, April Give have to report q brisk
demand for both Northern and English account, st
advancing prices The sale Of the day foot J, l36
bales, at the following particulars: "a at TO- 26 at
lO3 IS at III 80 at III; 1873 at 1l3 100 at y; IA
l25; 60 at 124 263 at II SIG; 10 ct l2S; 877
125; so at 1916, and % bales at l2s cents.
MONTGOMERY, April 2O.-The Arsgo's accounts
caused an advance of 4c. with a brisk demand
There were about 400 bales sOld at prices ranging
from 10 to ll4e.
MOBILE, April 2O.-Sales of cotton to-day 5000
bales. The ArsgO's news caused an advance of /
to T. NIiddling qualities improved most Middling
ia cents Receipts for three days 700 bales, and
the receipts to-day 700 bales. Sales for three days
1000 bales.
Baltimore coffee Market, April 20.
The market for Coffee was quiet to-day, and we
are without transactions to note The stock of
Coffee has been considerably reduced, and is now
about l3, 900 bags Holders are very firm, and will
not sell unless at full rates. We quote Rio coffee al
lOalO3 cents for-medum grades; l04al03 cts for
fair to good do, and 1lall4 cents for prime %. We
quote Laguayrs at 12a123 cents. No Java Coffee |
in market.