Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1859-01-03
Monetary and Financial

INV YORK Lee IS, t z M.-Mu persons sneak
cnuit. uty of "A revival of speculation, ana higher
prices for stocks after New Year They found their
aredirtuu partly the large amount nt money which
Is disburscd about the season Of New Year N the
shape of interest and dividends, and which it has
often been noticed, is invested in stocks almost i'm
medEtely, and parity the gambling tendencies of
The American people, who. il IS trEucd, have long
been without any excitement, and need something OF
the kind. few days Will test the value of these
redctions. Meanwhile i is safe To assume that,
wh'tever phenomena may grow out of a large dis
bUTScmcntS Of money, or Icing continue abstinence
from stock gambling on the part Of community sad
~ addicted To that vice, public confidence IN Ameri
railw ys has not yet recovered. III, bic have
no reason to believe that in any large number
panicS earnest and conscientious Efforts have been
made avert such caasrOpheS as that of 1857: nor
has il been made clear the public c,npre-
henson that the building Of three roads where one
w0uld have amply sutfced-as has been done through
out the North ana VESTS cllcultted to prove profit
able to the builders, t. make raiir al stocks good
roIcrty. Nor, again, hav any pains zen taken TO
SATISFY the public that the rufons financial operations
to use parlams ntary terms-by which. under the
obi system, div itends were paid out Of borrowed
mOnel false REPORTS rendered and floating debts in
Cured. have been who'll, discon mued, and not
likely to be revived. In some Instances ali events
the events OF the past few months rather CtlCulat
ed to increase THAI e. allay the dStruS which the dis
closures and cola ses Of 1857 engendered the pub
lie mind
vance in the stock market, expected by opera
tors Soundness is now the first recommendation
wi buyers and, as natural consequence, fancy
Western shares neglected, while State stocks am
high priced railway shares strong and in demand.
Tennessee G'S Missouri SIS
In money there is change, brokers are freely
supplied at q per cent, and good paper sells
responding low rates.
NEW ORLEANS Dec. Is p M-The week opens in
money and exchange circles under some depression.
As regards the paper market there were tTinsac-
tiuns worthy of recording. The offerings III bank
were about STD for discounts direct: change
there more Offering to-day. and though the Cuuu-
ter rate for checks on New York WAS steady AMI APP
parcutly firm AT y p cent. discount, outside double
Al bills were obtiinabe at s. as The range Of The
IL 1t f4T \pp NftF
and q dis. They who have funds Ia nves be
accommodated at and between the above figures To
any amount. Although the bank statement this morn
ing shows decrease IN exchange that does not sgui-
II Oh L the rates Will because Their is Large
basis for 'Nchangc which Will last at least sixty
seventy -hvc days. At the same time, Sterling En-
change Will he well supported, but not at the figures
which some drawers expect, say lOoG4IO9I,. There
IL Uoo much the grand staple to 60 forward to ex
Gect there viii bc any deficiency exchange though
the decrease in shpu enIs OF breaistuts large the
falling Of in imports Of foreign merchandise at all
Northern ports must be c. nsiierrd.
st. louis Market.
IT. Louis. Dee. 3, +. M-FLoUIG-rhere was a bet
inquiry for city to-day, and slles reported
prise 900, 500 and 300 bbls s.ipcrhne private
ly held from 81 S5raS5. Country continues dun.
Sales reported OF so bag supcrlne 81 25; %
bbs low grade at 81; 40 bbis extra at s. 4. bbt.
NHIShN-thr market Is much unsettled; 20 and
30 bbs were reported It BE- IS bbls on private terms
anu POO thsat 21c, time.
TORACCO-Nery little coming in Sales this
ming hid new Tugs At 81 40; hid alum manu-
featuring at - and boxes Tugs at 50 g5 per 100 lbs.
Cincinnati market.
CINCINNAu. Dee 30, =. M.-Fiour duh and prices
droopugsiirs OF 100 bbls at 81 75GS4 s5 lorsuper-
fine; receipts large.
WHISKY nrm-saes Of 200 bbls at 81 sc, closing
duh with upward tendency
Hogs minal; nothing done ami prices unchanged.
PruNiS dul unsettled.
Mess pork has declined to ST., with more sellers
than buyers
Bulk pork nominal at 5}s9715c for shoulders and
sides.
Lard inactive at loTSGllc, but lO5.c Is ffered.
Money easy; Eastern excLa. &c firm at a pre-
MUM.