Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-08-10


There vas very large usines done IN State stocks at the
New yOrk Stock Exchange Tie Sta $3.50 Tennessee 6 sold
s9H and $4,000 at 92; SIOO Virginia 6sat g and siO,
/ 600 at o21l; and $4,000 Missouri Us al s5sz.
We notice aIehy action Of saOOo Memphis Gsat g. This
is heavy decline, the sales peviOust that being ct
The New York Post the 5th says The money market
teey esy and the banks pressing IN thar demands
for paper This applss more particularly those paying
on current deposits snd who forced to put them
out at low aqres The Post hears Of slgenamed pap run
ming into February and March next being taken At and per
/ cent.
On cali a loan has effected ~ per cent leading
house buying their paper per
num- There hut few Treasury notes changing hands, The
rates Of premium higher. lot Of per brought
4Gcpsr 500, but there are now sellers under per cent
The Philadelphia B7in Of the 5th says money continues
abundant the street 5e per cent when the
areeasl AL when the right Of stocks sub
eossrss doubtful paper universally rejected
Il appears that all the North Carolina Banks have not yet
suToed the payment Of specie upon all their liabilities We learn
tbst Msssrs. JOHNSTON BEOTHER Co., Baltimore, made
demand the ssh ut upon the Banks Of Waas5orO and
Charlotte n c. for the redemption Of eighty thousand dollars
OF their circulation the WsdssbOO redeemed
theirs BY check New York. Of Charlotte declined
pay, alleging that had resumed specie payment 30 We
informed. Their crcHaton for which payment had been
demanded, accordingly protested by Messrs JOHNSTON
BRoT Co. snd IN sccordsnce with their charter carries in
tsrest at y per per annum until paid.
The EeW York oss foIWns regard 70 the Banks Of
Kentucky
The Bank Of Kentucky abOnt afeen $50, suffered from
a. oysri4soe az ne syeaey n A. o. M u
they have since enjoyed unbrken prosperity t1er SHARES CON
mandng in the Philadelphia market ITO eEaiVleend Their
agents Ia this city psy dividends nearly 600 shares This,
together with the Northern and Farmers Banks constitutes the
Bank quoted al s. dividend These facts show the conf
dence towards the banks Of that loc and are becoming quite
moneged interest," The Old State Bank OF Ms.
the Kentucky banks sbovenssd have for series Of
years paid per per annam The elements Of
have rad their
from their favorable commercial position, which enables them to
always End employment for their capital at good rates In the
spring their principal the drawing Of four months
bills against produce shipped down the Mississippi Their bills
sooner due than the bulk OF the cotton crop begins to move
which followed the demands from merchants for New York
exchange with Fheh 70 pay tneI us ~ ee
Of light application for money
The New York Herald reports the Sugar the 9Th
hrm with sales 1900 hhds including 4Oe hhds
Porto Rico a7 s2lc and the remainder Cuba museOvsdO
mostly within the range Of ~ asHc.
The Herald so reports sale Of 900 bags Coffee at IO
nEc.
The Baltimore Patriotic the 9Th Sugars have been qne
active and buoyan during the week and prices still tend upward
The Patriot says Holders exceedingly firm In their views
and the market for week closed stiff following rates.
81 Orleans; Ss2ss9 for prime
do s. 259 for fair prime Rico; S9S5a9 SO for choice
do s7575 fair prime Cuba, and 50 for refining
grades Cuba and English Island
The Savannah Rl5eaN Of the 9th has the following
gard to the growing Cotton crop: ID
We are happy to be able OF our last
circular the farng prospect which then large
crop State has not particular diminished We have
Travelled through portion of the cotton region and BY frequent
with planters have learned from them that there
the plants make good crop The
southwestern portion OF the State, WILL without any drawback
produce beyond any precedent. Thee still contingencies and
should mind that July and the middle Of Au
the favorable TO the growth Of the plant and its
vigorous appearance leads othe belief that the prospect
really This the with the crop GeOr
ga August and aeng antcpaons should lead
Us o forget that the result is yet quite uncertain.
In the Western States the prospect aside from The overboWs
equally raging The damage resulting from high water
dcu estimate; do how it be ess than
40 900 hales, and probably reach half million If the
force belonging the submerged plantations moved into
the country and placed the snds where from the
luXuronness OF the crops hey needed it would have favor
able influence the quantity sent market bnt the
watching the subsde repair damages. Its
spprehended that many Of those planters who have suffered
the OVeTUws will lands subject to such serious
contingencies This In part be but their places will he
fill by others Texas to hold Inducements 70
the pla ohT Sae the plant quicker
the rapidly increasing exports show that emigration going
extensively that the returned leads the
the cultivation of this staple
We have nothing Of the market; there is but little
naming sale sHd adl nearly stand still The few
transaction that being made on the basis OF &c for Mid
ing