Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-02-24
Monetary ana Commercial.

] l3llO Jhe receipts are very light.
Monetary and Commercial.
The New oaypcef Commerce the says Brown
shesngs shrtings Heavy standard goods agansh
holders having advanced Their prices ec which
sales have been made both home export while
others are selling value be had
price. Meanwhile the the cotton
rendered the buyers little lees earg and but for the fact that
there il accumulation should long
Gmnes Light sheeings have teeB advanced light shirt
ngs be bought At heavy hirpgs nominal at but
few could he bought at this rate and selling ahead Of
/ production at value
Notwithstanding this advance Goods, telegraph
reports depression southern for the
material This state Of things cannot long exist the manufao
article advance, and the proba
| iesare that the latter will he the result.
The Provision markets of the dull and rather
inactive, holders being unwilling Decline and spec
ulaors holding Of in expectation that decline have to be
submitted to. dispatch from New Orleans Louisville rm
ss quotes Mess Pork SIS So prime
erce prices As low as those at Louis.
vile nd Cincinnati, if not a shade lower.
correspondent of the Detroit TtIuRs writing from New
York, says:
On arriving at New York found out thing that will
Detroit hanin New York. full faith
inform mercantile readers that ruin
attempts Icing made at the West force up price
produce have and watched just proceedings the
past thirteen years. and destruction been
The result in every case SO will it be next spring Receipts Of
all kinds OF produce moderate also the large
amount Of wheat -four could be sold at
will needed until the harvest without in
in the present receipts And regard will
one Of the State Of New York large in
the OF and she will make the entire deficiency OF
the exports from Illinois during the coming So
fools may 10, wise men = j stand from under.
Exports Of ourom re Eastern cities, since January LIST
February l2th, and to the same time in 1858, have been FOL
lows:
This season Last season.
New 1853
PSiiadeph not kn osrS
the experts stand at e365 bbls this season, g. the
The Richmond Examiner declares that the financial condition
people of the United States is at
With unexamPed rapidy that paper they
the terrible financial revulson the
statistics Of bankruptcy for 1857 and 1858 furnish
evidence prosperity during the last
year. There in 1867 in the United States o3s
ure in business liabilities was s2g
100000 there failures aggregate of whose
liabilities only s95,7I9G6a The loss by bankruptcies
therefore, almost SSOOOOO in 1851, quite $780,
600 OO in lsJS-thus showing prodOus the nd
vidual prosperity OF cur people.
Strange seem in spite Of the monetary emsrass.
ments months 1857, railroad statistics indicate
that the internal Improvements Of the United have been
steadily successfully prosecuted during year There
the ls Of January, 1885, p 9G5 miles railroad in
States operation whilst Ist of January 1859
miles Of railroad operaon-a increase Of
nearly 1900 in single year. that the unproptsus
year the prosecution Of the public country since
1878.
The receipts and foreign shipments OF gold for the years 1857
and 1885, furnish the gratifying cadence the presence
much larger quantity Of gold in the country 1858 than there MAS
N 1857.
To illustrate this will take New the point of the
receipt of the gold and its subsequent expectation, and Caor.
mia the source from whence it received.
In lS57 there received in New California sI
52OG3I gold, from port exported $780,
4-lesving balance in favor Of this county muclnore
than 81 Although in e5s the receipt gold from Call
ifornia only s355ls 3g6, yet quantity only OO
900 cxporteus leaving nearly $1,000 OCO
Tie banks of the country have much larger specie depostes
they had the list January 1855 On the lst January,
1855 aggregate specie depose Philadelphia hanks was
s3OOOO; the lei II January 1852 their specie deposte
Deay 100 per cent more, to wit S6sOOOC0 And with
banks New Orleans, Boston, etc, etc. amount Of
specie all the banks of the Union was January,
lo5s S74OO0OOO; whilst tho st January, 1852 was
SlG2,9OO GOO-aa increase of nearly S30,OG0,OO0.
Although the year which has Just unpropI
ous to the dealers expensive dry goods, that
articles Of which immense quantities sold profits
when people eXtrayagan yet the last year pros
porous in other and healthy channels Of business
manufacturing establishments, mills. etc. etc. Of tho country
resumed their activity and there brisk and fair demand
hides WOOL other consumed pro-
Of manufacturing useful articles of trade and
consumption. heavy debts too Of our
all parts OF the country rapidly
paid during the last and the general Indebtedness the
country, it has been estmated fifty per than
year ago.
Although there have already seen, material falling
of exports in 1858, yet there very large of
Southern products was instance, exported
1857 only 100000
against i49Oj Rs in san increase of upwards of 100
per rice there exported, 1857 5000 erces,
against Al 600 1858. oats 1900 bushels 1857
against 81, 900 bushels in l65s.
The price, Of articles Of Southern produce in 1858
higher than during the preceding The price
wie Southern wheatiu 81 25 in As.
cotton in 1851 but advanced 1858
per Sc cents in So Wool
y cents per h in 81, and 90 cents in &C.
These Statistics carefully collected from reliable
thories furnish ncontese evidence Of general prosperity
counry wonderfully speedy recovery from f.
nancial tornado OF 1879.