Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-12-21
COMMERCIAL.


THURSDAY BvExrss, Dec 90 1850
We have heard Of nothing financial circles to-day
While We occAOnaly with gentleman who thinks he sees
better prospect not FAR ahead market s as stringent a,
/ At any time during the crisis.
In Nsg York the 18th, second board $500 r,ns,
see per Bends sold Tic. the first on M t5,
$500 at7lc Yirgnas sold 755, North Cssona at DC and
N,ssourisat 65 9s5he
The New York K1sRiRg Post OF the l7th says
The stock higher to day but confines dull r
SUPPLY Of cashsok the street greatly reduced 1f
huy in making the daily deliveries has for time pas.
tive shares are l92 per cent higher than Saturday.
State and federal stocks decidedly better, especially the
speculative descriptions which are wanted for daily delivery.
Iennes:ees eos a. I2 4ssOus At 65. New York State
Skies Of ls72'77 are iG0 bid.
Pr Cove Skies Of ls67 and g Is is bill The ivei Of
le7f sold at 70, and that bid for more.
me Railroad Bond, are stronger th more general inqly
Kin the ArStt there perceptbe change. The Old
very Fea ESceF oua transactions place at IL Der cent
Shlste bulls Of ar class negotiable below I5
ng uoGgh The ouefings continue heavy On outside Of
bank there is good supply s. 5z87 per cent.
The exchange market for WEDNESDAYS steamer Oman RATHER
lower than the last mail for bankers bills and bstssr
VIE on,o document e1g has been done at par, which
lt3%9ll4 Commercial sterling quoted at Ioi9iOsg In
francs hre have large transactions one house having
drawn and half two nion at IS seas 5I(
rate on Paris is IS a.
The telegraph reports sales Of Tennessee Bonds in New FORK
yesterday At 75c, showing considerable Improvement
Three Of the Alabama Banksthe Cen trail Bank at Mont
gomer the Eastern Bank at Euiaula and the Comssia m
at semasuspendd specie payments on the 18th inst, at thu
suggestion and request OF Gov MOORE that State stronga
pes have been made to the Governor BY citizens DIFF
erent sections Of the State to convene the Legislature for the
purpose Of providing the ways and protecting the inter
Ss and honor Of the State in the impending crisis and for the
further purpose Of authorizing the Banks to suspend ss nav.
en enable them to furnish greater facilities moving the
COttOncrop and thus relieve extent the embarrassed
condition Of the cotton market aad the people, after giving
the subject the fullest consideration, determined not 70 con-
Fka T. saFaF.-a
the 9TH Of JauuaryneE will determine Alabama shall
withdraw from the present Union early day and that the
Legislature will then have to be eOdvened suspension
by the Banks lzsd Amer nqurng into the condition
Of the Banks and rsciviDg Aosy to their
ability meet their liabilities recommended suspension OF
specie payments, WITH the that he institute no
proceedings against them, and his messages legislature
AID Convention would urge them the act which he
feels sure they will do The suspension BY
Governor prudential step. he says letter addressed
the Banks
From present prospects there can scarcely he doubt that
March next Should that occur will be necessary
for the State to raise less million Of dollars in spe
its equivalent Under circumstances hcb surround us
could DOT sell State bonds, either in the Europe
except at ruinous discount; aud would inexpeent
people immediately for trait purpose How then can the
State secure the money that may be necessary in her emergency
that IS 70 call the Banks Of the State up
The response this Suggestion YOrable The Bank q
Mobile and hs Southern Bank Of Alabama, Mobile declined
suspend specie Payments, but pledged themselves raise their
proportion OF the suggested the Governors letter.
houd there necessity Of it, The Northern Bank Huns
Vis also declined suspend account Of peculiar
stances which surround it. OF the condition Of the
suspended, the Governor address people
1labsze
1t due to those Banks, thaa should eug advised Of
heir eOndiOn that they through
he crisis and hat they taken this important step With the
h and patriotic motives Of sustaining the Satas shown by
response my letter Their letters are filed
Office and would have been published but for length
hey would give this communication. There is necessity
depreciation Of thr notes. there be question Of
heir sClyency. ,
The following Is comparative statement Of the exports Of pe
ieom New York TO foreign ports to the 18th Of December in