Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-12-09
COMMERCIAL.


/ SATURDAY, EvESISs, Dec. g. $500
We have Ne new feature The Money market at the
close 81 the week There is still heavy demand which the
present sources Of supply inadqusB to meet The remit
from the couny have fallen OF very largely osine
the pressure operates upon the districts as well as the
| Of trade.
Exchange CONTINUES very arse tse old Banks have been
compelled put their up per cent at which they are
checking very pangy for those Of their who have
specie claims upon This rate to which they prescribed
during their suspension The other Banks and Bankers
charging per for Exchange and unable supply
demand. We that they compelled to charge this
consequence Of the high cost them 81 prccuringt.
It viii by references the Of the condition Of
the Bank Of Tennessee and Branches made up the ls ns
which published advertising eeamns, that is in
strong cOnonstrOng enough have through the crisis
without susrendng afforded the relief to
business Inea it has if it had not SUSPENDED
By reference Bank Note Table will seen that
siderable Improvements has taken place money
lucky and New Orleans par Alabama South
Carolina Virginia per cent discount
AMI Georgia al 3a5p per eeut.
oeoee Money still quoted per cent discount We learn
from gentleman direct from Knoxville this currency
taken there par in all business transactions He further in
formed that be had dOubs where the ordna-
Of trade and to the Bank bankabIe funds
would be returned for lie says the Oeoee greatly reduced
its circulation short tine anticipation Of the present
crisis, and be regards perfectly solvent and reliable
In New York The h at the rst board 0sO Tennessee
per Bonds sold at 75c 74c yirynias sold
at &c, North carOinas at SEC Ours 69g6 and OhS at
99c.
Ths Neg York EUenisg Post Of the 5,h says:
financial affairs gloomy to-day The Presidents
Message reduces the courage Of the market, and
previous season. The low condition Of the publc
treasury ao, has depressing effect The current rate for
call loans there is change; at 7per cent there sup
Thu stock market again lower and closes depressed There
was little excitement at tbs Beard, prices gradually giving
under large prepondanee Of sellers Every department OF
The State stocks we're native except Teunessee which
under sale Of S5 OC0 fell 74 Nth Offering hat
figure Ais1ours are quoted 65 s6s%, Yhgnias 75979,
Ohio skies Of 1861, 9999e1l
In Government Bonds there sales The Elves Of
1874 offered atg with 50 bid For the Skies CT 1853
asked.
The railroad bonds ssia neglected. and prices lower
We private dispatch to-day which states that
Tennessee bonds quoted yesterday, &C.
This decline Of cents the sales of the prevoue
dly, and cent lower tran the lowest price in 1851
We mentioned the other day that the Northern Bank OF Ten
1T ClarksTls and Bucks Bank McMnnve, had
responded the call Of the Comptroller for additional de-
post ten per We learn that the Merchants
Bank, this city, the Bank Of Memphis
additional deposit.
We have seen private New Orleans dated
nst which gives the following list Of failures OF business houses
that occurred in that city to thssdate Arthur
Bufua Co., In McooI. Campbell, Mckee & Co., Ably &
Catching Hopkins < Co., Fellows Co., Henble &
Co., Cox Co., Thompson & Clark. scruggs Dcnegan
Co., Griffin, smedes Co., Watts Noble, Hasdlng Abby &
Mczehead, Patton Smith Putnam, Henderson, Terry Co..
Brand Landry, R Cummings & Co., S Nelson & Co..
Martin, Cobb Co.. Wright & Allen, Coleman, Briston With
ers, Cleveland Co., Dos0n Co., Brsdon Wsr
ehof, Murphy, Skies Co, and GLADDEN. & Sexes This
formidable lis. and the well known wealth and enterprise Of
Of these houses, shows that the pressure has terrible
INDEED We regret to hear that the severity Of the crisis has
been abaed AID we fear few days viii greatly extend this list