Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-11-16
COMMERCIAL.


Monetary.
will be seen from the following article published in the Au
gus 1nsHfi0aaist Of 14th that the Georgia Banks
| strengthening themselves:
Very large amounts specie for Georgia being
daily received and reliably informed that the frt
OF November about million Of dollars in gold has been
ceye the banks Savannah Augusta aone and the tide
CT gold flowing their vaults full ard continuous
The last weekly Of the New York Banks y tele
graph and listed Nov shows decrease Of specie TO the
portion Of this decrease in New York Banks the vaults
OF the banks in Savannah and Augusta
We pleased notice the strong position Of banks.
1t wilt end to establish confidence upon reliable basis and IS
eilitate the operations Of trade and commerce.
said the South Carolina Banks pursuing the same pol
| icy
The Charleston Mercury says; 'We learn that the
Board Directors Charleston unanimously pass
resolution yesterday, Offering take one hundred thousand
dollars of the State Bonds he issued for military purposes
! PAR"
The Memphis BdlIetin of the 18th says
The respective Presidents Memphis and Charleston,
Memphis and Ohio and Mississippi and Tennses Railroads,
solvent banks South Carolina Georgia will Be received
usual par, by these respective roads, until further notice
The banks named PROFESSIONALLY
and well managed any other in the United states
In New York on 9TH lse5 Tennessee per cent Bonds
the designated s7Ooe at s6c, 5000 a.
s6e and 81 600 at s7c Virginia Bonds sold at es9ss
North Cardinals &c. and MssOurs 755976c No Tennss
see Bonds were sold at the first board on the 10TH
! The New York Ecenin0 Post Of the 10th saEs
The stock aret again decidedly the opening
business there great presue to sell az decline OF IA to
per cent prices yesterday but at the close there
ter feeling The market shows gn OF recovery
is still ftful.
The New York Commercial, Advertiser Of theevenng of the
10th says:
The market his week has shown decided symptoms Of ex
element. Commencing with upward tendency which
tinued mp to and including the day OF Weakened I'M
medately thereafter and prices have continued 10 eeede until
they have touched the lowest point this morning. Improving
however, slightly in instances toward the close.
The money week has been feversh and excited and
the largely upon those current at the close of
any change aspect general trade to interfere with
freedom Of the supply But owing to the tone assumed by the
extremists result of the election has been
known there disposition among capitalists to pause in their
the safe side OF things coming to the worst than
from strong opinion that thereis much danger of actual
disruption of the present relation between North South
Some thinking men express the opinion
have already touched the darkest aspect Of the Market and that
it ishow the eve Of reaction.
On CALL we consider market rate ills morning
per the best securities and there good demand at that
heard Of some transactions earlier in the week at six to six
half think that nothing could be obtained those
terms day PaPeis comparatively in less demand than loans
stocks, and s only choice short bills which will 20 as
low per cent and on all descriptions there is srcer
classification Of names.
The telegraph reports Bonds in New York
the1lth Sic and Mssours IKE These sales show
decline Of 4s5c nce Fdsy The New York Stock
ket reported very much depressed by crisis political az
fairs
AT Boston the 9th the supply of Money quite equal
the demand the rates for first class paper 97
per cent.
fHa1elpuS EO5HttQ 41HttettFs VI the AOtn
The money market rather unsettled. Capitalists scrutirize
with unusual and refuse everything not cassd asNo
and having ninety days The Banks pursuing
very conservative course butWe are well prepared for aoy
emergency which may arise
The feverish Of affairs which has prevailed the
Stock Board for days. still continues and for all the fan
cies, on the list the tendency decidedly downward.
The Baltimore Patriot Of the evening Of the 10th says
The pressure noticed in the money markeesterday
undated to-day hrs. class paper is freely offered IA
month and undoubted coatsra per month
the ruling rate.
the 18th says
past, increasing demsrd for currency
consequent upon setting of the pork season, some de-
Of md OF the part Of the capitalists produced by the
element the South the Money market has steadily
closer from day to day. and the bankers for the
time in several months unable meet fully the demand upon
them for loans though far they have discounted the great
OF the acceptable paper offered and no one having good scu
ties and willing to pay II has suffered any neonveni
for oans but negotiations do easily
fore and evidently entering the
coseness There heavy volume Of flowing
the country at present. and will require several weeks
this med into the inward channel In the meantime
will be difficult to keep the city supply with the demand
The Cincinnati Commercial Of date says The uses
Of capital the date Of last weekly review gradual
increased in activity and the Banks find themselves gradually
closing their lines Ofdscoun all but those who regular
claims upon them. 1t has been noticed by
large request for interests of another
character, and from Manufacturers Rates Of Discount Bank
varied those who right ask
for ayos but irregular borrowers the figures gradually
increasing 50 that the range nay now be placed at 1905
cent
At Chicago the 10 Currency reported plenty
mand light from all quarters.
At Louis the 10th, Democrat says except accom-.
mediation paper from manufacturers needing their stocks
work upon and from merchants Of second third elias
meet their payments all of which nothing Of
pressing character, the demands FOR discount large
The New Orleans True Det in its Money article Of the
evening Of the 18th, says:
The foreign at hand this per steamships Bremen
North America has been favOFaby
commercial and financial interests impaired
creased confidence general business In
have had the specie Of banks increased
gold from New
Santiago, which, further
regular shipments from the former place some time to come
made decidedly favorable impression the opening
With augmented strength the banks appeared disposed
offerings discount rejected paper
considerable disproporton from
accustomed for time On the street.
there change Of kind in the movement,
cipa capitalists steadily refused to enter into engagements
The Louisville Democrat in its Money article Of evening
Of the 18th says;
The market remains Inactive with change quota.
TORS and stringent Only short paper
house has written here exchange only
Southern notes generally refused by the New York bans
TELEGRAPH.
BALTIMORE Nov. 1.-THE money markets. very tight ard no
dscounting is done by the banks
have Suspended payment.
CINCINNATI Nov. l4-Active demand pc. for
drst class paper Illinois and Wisconsin currency declined
PC discount Exchange unaltered q 8 prem.
NV ORLEANS, Nov l4-Busness difficulty
passing Exchange; prices irregular.