Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-12-07
COMMERCIAL.
Monetary ana Financial.

THURSDAY, EvEE1Se, Dec 6. 1885,
There :l p.sasng demand Money which the Banks
hnd it impossible to meet notwithstanding they been quite
liberal in their gentleman remarked to US today
thathe had resided in Nashville thirty years. he
before experienced greet scarcity Money The impression
is general that the present pressure monetary is much
greater than that Of 1857 and relief experienced within
short tmehe consequence We regret to
hear to day that Of ensrprng merchants
been compelled to srccumb s financial Private in
tgence from New Orleans reports Of failures yester
day among Cotton and dealers We learn also from
that the Banks New Orleans renewing
paper Of their customers but extending This
will mitigate the severity Of the crisis considerable
exten but will hardly business men OF that
place, whose engagements are rapidly maturing.
The Rew from the county gloomy indeed We learned in
cidsay that of business houses intelligence
the ether day that three Of their aed leaving
unIiquidatcd bills Nh them to the s23OO Other
hearing Of customers almost every day have gone
the board The prospects for years are
glo my they we'll coudbe member Of largest
goods houses informs that purchases for this
market for years will exceed ten per cent
those Of last This with the stocks which viii LEFT on
hand from the present seasons business ample to meet
the prospective demand This is gloomy picture and
fear it will be too fully realized few weeks win show with
certainty what may anticipate
In New York the 3D. at the first board sales of Tennessee6
pr Bonds the following sl OCO sc
at 76c and $1,000 &c. vgnias sold at s09s0c,
North Carolinas at SIC, and Missouris <97oXc.
The New York Eoezia0 Post Of the ID says:
The Market response the vague hopes entertained
quarters compromise the South
has 1.mer tone though still notice great indpsson
into large operations and the business consequently
tinues limited scale The improvement this morning
noticeable in the State stocks these being nuenced perhaps
by approach Of dividend day The prompt
provision Of the State TreEHures for the interest payments the
lt OF January Induces speculative purchases
prices The railroad seares for the part neglected.
The market closes weak with sales OF New York Central
75 after touching 76K the call 2slSK
Government bonds show Improvement The fSee
sold 9ss. The skies Of 1667'6S offered l02.
Ohio skies Of 1860 quoted at 1905 those Of 1866 1910
IO6
The railroad bonds remain dull and heavy.
The money market does relax the slightest class
paper offering freely to-day at 5s cent Gail loans rule
1t per cent
he92 per cent 70 day; At Baltimore 21SB2< per
The Foreign Exchange Market Wednesdays mall
opened irregular and unsettled bills on
London quoted lO4l0 with sales at 104H. From
present indications the regular trade demand will be small There
little accommodating the part Of buyers Francs range
is to 535, the outside figure an extreme rate
The shipments OF specie South last week amounted to about
D500O0 The Exchange at New Orleans will admit much feer
movement in that direction the present week Several lots
repairing to go.
The telegraph reports sales OF Tennessee Bonds the
New York yesterday at 7ac Mss1uris 6sc
1t the board stocks reported duh at 99 per
over I
The Savannah Republican quotes Exehsnge the 81 at
remiu rays the Banks there whsh suspended will
every effort keep the premium from going higher.
The following is comparative statement Of the exports Of
pece from NeE to the lat OF December in the years