Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-11-13
COMMERCIAL.
monetary

4 1A0fsEtAEEs
very unnecessary panic as gotten up midst
regard South Carolina money! and yesterday
of Brokers clamfsg GsOcnt Of high FIVE
per cent that description currency There nothing
any in parting with his South Carolina money
such shave The Ranks Of south Carolina have
uniformly been regarded the strongest fortified
country, aud, eyis Of ais MY stated that during
the panic q 1857 very few Of t Suspended specie payments
they equally able dy their liabilities as they
have been at any time it will be from one
tracts uoned that the Bankers Of Charleston
Eraphed this subject that they have given assurances
that under any all circumstances they viii every mon.
ery obligation What then, there in the present condition
Of things to create dust as to South Carona7
We presume that the little uy which been created here
attributed aspect Of public Affairs South Caro-
lima. On his score, monetary panic is senseess
thing. South Carolina has not out CT the Union nor
likely do couple Of months at least as it will be
convention has been called meet the second Monday
January determine what the State pursue
exceedingly had policy among those live By
shaving, this the Banks Of South
Carolina the solvent Banks Of other Southern We
the ms! Of times when must look above beyond
the policy the sharper. II there suspicion that
the Banks Of South Carolina portion Of ths not
perfectly sound holding their notes should get rid Of
em sacrifice but, far, nothing has transprd to
throw doubt upon the solvency single OF em and IN
til such an event does occur advise having South
Carolna money get par value before parting with
VIII be the similar
that existing here gotten up in Memphis few ago.
and that it has been ehecuay killed oG The Memphis In
qlslrer' Of the 10th snys:
We learn from number prominent brokers and
bankers that the made by several OF Contemporaries
in relation to the condition South Carolina money in this mar
k being received only At runors discount Of from
thing Of kind the excitement thus is wholly
without foundation The money was yesterday and doubtless
fore In fact several Of banks have sent information
be This evident
banks Of that State ought to put end to the circulation such
detrimental reports.
The Memphis appeal Of the 18th Gays
There great settling yesterday Of the panic respecting
the monetary aud commercial condition OF the and
gence merchants from te disturbed dsrcts had forward
business New York, stating no events de
principal business Szm Tate, president Of
Charleston railroad among them) teegraphed
and all circudnces they would fulfill every monetary obga.
ton We reported the Of banks in these States selling
half discount in this city Friday,
Of the increased confidence felt Yesterday the two and
and bushes FEEL sure hat those NOTES rise
at least per cent discount, but they think still
probable they will Re at par therefore holders will act wisely in
submitting any sacrifice Brighter skies are ahead aud
cotton under circumstances bound to sell and bring the
money.
will hardly silly enough part with discount Of
fEe per cent any thing above IS95l per cent.
Our dispatches last night show that has extended
Louisville, whr the Brokers charging veper cent discount
South Carolina and Georgia money We sH think this is
Ia trick of the Brokers'" and should not be submitted to-
Memphis inquirer public examine closely
$40 bills Merchants st. Lsu as there are we'll
countsrfeits in circulation.
The New York Herald in its Money article of the evening
the eth says
There change in the money market We quote call
loans 6 some lenders refusing to part with their under
figure while get they at
former Very choice prime paper at 67 but the general
first class Southern paper passed with
difficulty The policy Southern calculated to in
the credit Of Southern houses this Market
trade with the South At latest dates the New Orleans
had again stopped buying cotton bills, and sight checks
available in that market just
management ththough from different moiveAt caused
bur New York banks to break in 1857
The stock market opened with buOyant feeling to-day and
prices Of descriptions advanced cent At the
Hose of the morning session. however the offerings Of stock
morning board were lower than those Of last evening In the
afternoon the market was rather better but stocks closed afsr
ward quite weak. Most people waiting to the result Of
Lincolns election before they buy.
In New York the h sales Of Tennessee per Bonds
the order noted $1,000 67c, $4,000 s7c
md SI 900 at c Virginia Bonds sold at 9l95c North
Carolina 94c Missouri at7s7sKc, Kentucky at IG4c
New Tribune its Money article Of tbs sung Of
he 9Th, saysI
downward tendency the Market continued this
morning, and with fair Of activity nearly every de
and assisted the decline much possible by
circulation OF the Of Southern
efficient resistance offered by the bulls and the outside
moderate e1eni only enough reard and not
quotations continue to decze cash stock Of most descriptions
and the shorts borrowing from DAY
heir 1t understood that no shares
ought order from Virginia, which favorable
Between ths Boards there not much activity. At
he Secord Bos-d The Market dull, much stronger,
continued in the after the In
aWe distributed business.
but Government firm, uud the IS OF 1874 advanced
lO3 At the close, the market steady, the following
uotaons: Is, e6e6 Virginia "a Missouri
), 76976K; Carolha State IS s3@93.
The sales Tennessee 9Th
d to %, 900 at SIC
The Orleans PieayUne. in It's Money sre the even
~ Of the 9th, says:
The varied incidents OF the past have been freely com
from day day that relieved the necs
ey an idea hourly phases market Jp to
tuesday prevailing eoE Of despondency
nd dispose all Wednesday brought
it'll result Of the election and dispeed uncertainty
we confidently anticipated the very was vel
omed relief compare with the suspense previously
reconcied changes, however startling in
Under this persuasion the wheels commerce arc
actively in molten, and the within the past two
Sys has been quite extensive
The however, exception TO this rss TX
carcey any outside transactions having effected this week
the Banks have afforded liberal accommodates
the public at large, that legitimate borrowers have
money is however sufficiently prevent some yery
gh squeezing but under the present aspect case with
large arrivals Of Specie this will right itself
The condition and probable yield Of the crops
attention sst As regards Cotton that the SEE
growth yielding spsrsey, and that hence
extensive figure
down 30OOC0 The Sugar crop promisee quite as we'll
gavOE A a 10 MI 4