Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-10-23
mONETARY AND COMmER0IAL.

Tentsss6s zdfh Nss 4k q the ls asa being an ad
4 ssscs Or ths risea sblained sls l0sk 49,
III The Banksof Auguss e selling sight exchange on Nev
u Yofkarrar = e f
Lords Decor sayg We 90 not reooe for many years pas
Of seeing ds band money shOaas at the present time Cua
sss sDroas raised and altered Bank notes are abundant
patrons Should exercise increased care when revnr
money fromsasngers.''
The sale Of Coffee BY auction Rchon, Va BY Messrs Ed
monds Davenport Co.. or advertised in this paper
the 18th inst correspondent Of Knoxville cisen says
bidders present from various points Virginia, and
Baltimore Philadelphia The philadelphia brought 900
bags. This, the oHas corresponds remarks, sguh.
cant occurrence and worth special notice. The North actually
begins profitable to South to buy the very goods
which the souths Seen, tine out Of mnd buying Of it, The
sale embraced bags Rio at 1910 IlG5 GA Santos at
bua5 a u. ae
The firm also SOLD by auson 5000 sacks Liverpool Fine
Salt at 81 9IS5s direct importation from Liverpool.
The Herald Of the 18th says The Cotton market
prevailing panic week. seeped to have about
touched bottom yesterday. The salembracod about bales
the spot the basis OF l2c nfddng uplsnds
which Ike &c below highest price Of the season, or
since the LIST Of September last This reduction the average
equa % about s. s6pe bale, and tie heaviest decline
within the same period since panic in the last quarter Of 1857
This reduction viii par increased activity the trade, both
domestic foreign Il likely that prices can
rde much below present prices the present favorable condi
the WORLD including ac plenty Of bread and plenty of
The specie and bullion held the commercial centres
of the world at last dates may be put fOllOws;-
Bank Of France -sl2OOQOOl0
Bank OF England - e6,0o0 90
New York banks q, 10000
rrasE tstE.s
The demands at South for funds to purchase cotton will tend
to reduce, to supplies Of specie held by
this city The already apparent by falling of in
the specie reserves by statement published in
another to-day. Exchange against New York at most
Of the Southern cotton ports private telegraphic despatch
Mobile yesterday quoted mddng cotton Ike reigh
led, sight exchange bills New ~ per cent
discount Admitting that the present crop yields bales
prices may possibly recede by unforeseen changes in the
money Of the world other contingencies cents
per pound yet aggregate value Of crop will be very large
For the Of calculation if average the at 400 lbs
some average weight high The baie at
cents per b. it will give $40 per bale, which, 33ODOOO
bales win to the Of 1872 the crop
exceed this estimate the aggregate would be in
creased the ratio. The crop 1857 opened st Of
September that year, I5e 6c for middling upnds
The panic October, November and December prices
until on the 9th of January 1855 they touched sac O. 8gc
They afterwards rallied, and at the close of tie cotton year. on
the 3Ist August 1885, ley closed at lzc c The crop Of
year quite short being only $40 OOJ bales esti
the average price obtained for lsc SIS per bale
the amounted to about s4O2OOOO Should present
estimated crop bales sold average Of Ic per
ID, will yield total of about 1854 O0OO or an ex-
cess in value Of sls, 900 the crop Of 1857"
The Cincinnati Gasstts Of the sOsh says;
There has been adedel improvement in the tone of the Py.
sion Market and prices favor sellers. At close Mess
mostly held D. with buyers SIS. The business
article mostly of speculative character The for
has chiefly from the Eis and the season, sales
have been large, closing So AMI ~ Shoulders Sides,
With holders asking and &c. There strong disposition
purchase pork for future delivery and has been offered for
for December and SIS for April In the hog trade there
also and there few sellers below SC
delivery The Indications are the season viii open this
iguFe Short crop impressions gaining ground city pack
rs do not to have formed confident opinions upon
point
The Lexington Mo- cypress Of the 10th says: The trade
Hogs opens very WE'LL prices ranging $780, 1913 to
b. for hogs OF from $50 80 weight crop far as our
observation has extended above average owing search
y Of corn the past year"