Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-10-20
COMMERCIAL.


The Louisville Journal OF the 18th reports pretty
pressure in money matters, aud says: 1.-THE
aHoring all the relief their power, but they have
present with great crcumpeouas their circulation Is rapidly
returned to Eastern exchange The that
50 long farmers hold back their crops thus Unable
to meet their engagements pressure will ecnnoe They
have been to high prices produce
ooasoned partly By imitation currency which engenJered
specaaton We are experiencing the very reverse these
The crops are are there asost sn entire absence Elro
pean demand the banks instead expanding hare
compelled to curtail their calculation
Tn, Cincinnati Gazette Of the 18th saws:
The money market exhibited no new feature ON Saturday The
payments large Snd they generally promptly
only one hsus Of any Dot being in default tar as We were as
yised aa connu Close part cdriy for borrowers, whose
wants rge or pre- sing but t owing muc to
confidence TIE OF lenders deficiency the
supply Of capital THOSE who want hsiy or TO any
siderable met with degree caution, only
but dangerous, while parties oaIside Of this class.
whose wants are not larger than usual fully supplied 20 far
able TO ODER satisfactory securities be
that what regarded good in Of later
would would he derents elassel presented by the former
TIE truth is and itnay wei spoken, the heavy obbRg
clothing line consequence Of heavy ing
eVectons carrying large Of overdue 10
emte have provided by country In aad
~ these, interior largely in default July
having provide oF the paymsut their paper,
" compelled 70 borrow (which rather usual for
really seaty ard Others, solvent beyond question:
and WAC in ordinary comfortable in October with
beea fr thirty days and they viii be FOR probably thirty
or SKY aaFs 70 elne Tue Cause vi TINS We nave stated Thai
te collections largely bed not to be Questioned Those
WIZ observe the movements Of produce mast that eo1id not
NJ 80 i1 aa r. rbss oro- m ,r Of the .r
plus crop sti in the hands Of farmers where will Doubtless
remain until prices sufficiently to bring out Another
evidence Of tie baekEardne Of the crop movement the con
diton Of the tanks Of issue.
ions in OHIO, Indiana and Kentucky have for six
months past steadily contracting the line Of ecu sto
aud within this time they have retired six seven millions OF
tsr This wise and policy On the part
Of the banks, the fact that this has Emphasized with
cut producing heretofore serious ia commercial al
fairs, shows that the trade OF the largely contracted
conpar with previous years. have the reduc
tou OF bank circulation is conclusive proof proof were re-
CURED Of tae great deficiency in crop movements Bank notes
necessary disposition OF the cops and the later
indispensable as basis for paper currency hieEmlte
and aw s unsae to put eu Circulation UPON eonA ns
bills drawn against shipment produce The axis did
consequence They have no disposition TO repeat The
this hence find stored il bank vaults
the crop in the ba-Ls The latter won't the
former can't and Eence the deficiency in the line OF eecon
and the consequent cosness sndd us thai in financial
quarters. And the question aske Is this to tei mi
nate pauic! We III There certainly no good e
why it should that good crops have been secured As
reg rds the debts OF tine Wesswe speak Of the central West
they are ~ % per cent smaller than when the panic Of ieS
swept the country This favorable Then the ability of
the West meet its ndeb eness is greater than it has been at
amp time within the last three years far wheat crcp has been
secured This grain is commanding good prices and
promises better in the future certainly is not likely to
there now first this fair
prospect for European demand which does akea great
deal out Of the e'unIy will ensare higher Price; IN QUO own
The crop map gnfcnt both in
ttS and quality The surplus viii amount to more thn the
uPorauoe tn hog crop This last butt will
be this yer pounds il there IS excess in
be Hogs cannot be hOArd4d They must be sold Taxing
0ho IuO kntueEy aud Illinois, its safe to nat within
ensuing months the producing classes those states
will azs thirty million dollars cash. for hogs There will
also bea really market for cOrn the whole seaboaTd country be-
Of this article The already going into
sumption this section, equal 4Oi5c per ousne in tits
which very high figure considering the large CROP
Cotton will also add largely the income Of tne West Then
good.
In word the result the Ofcrop taking altogether de-
cdedy favorable, and regards agricultural products the
OF the West have nothing complain Of but much TO be
thankful for If then debts o the smaller by
twenty i've than they tEO and
for qudang those obligations greater than they have been
for three years, not safe draw favorable conclusion to
the future? II the short financial affairs safely
turned now, there will be comparatively easy sailing in ninety
days this time 1t is for who charge Of financial
affairs decide whether existing diclles shall bdged
not They probably have in their TO produce
vent a panic
week much has alarm.
leaf should be turned promptly in this respect II is
not safe TO act the principle that because people want
money therefore is give Better
inquire the OF their and the they Of
fer IT, the circumstances exist regards col
lections, and tie prospects for the ion mediate future
oder Ice bills receivable two three 1t Is 10 the interest
yb0dy, and capitalist they
should he accommodated.
The indianapolis (Ia.) Journal OF the 18th says:
Ths Board of Directors the Of Indiana
in this city We learn that reports Ivy
hc bankOne third Of the entire This heavy reemp
is caused by Of the being premium in IL
limos, and used in the purchase Of exchange. Getting in the
hands
uCn Of the bark Kept at limite all times.
What further tie Bank OF tie State take to protect
Its circulation know, is that souethag
must done to make the public calamity Of up among
the Illinois banEs-Ehch is inevitsbeas gat as possible
Rates OF eXch high and Northwest and
dempton by the banks slow and Uncertain with prospect
o matters getting Woe that aotaRS short Of bank breaks can