Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-03-17

me demand for Gold has been extremely lighi
and the rates remain unchanged. The Brokers
buying rate is nomna ny per cent premium, and
they charge per cent
The only change today in uncurrent money is a
decline of per cent in the rate Of discount on the
suspended Banks Of Alabama, which are now taken
by the Brokers at 3 per cent discount.
In New York on the 18th, at the first board $4,000
Tennessee per cent Bonds sold at ice and Sc 900
st 75zc and at the second board 81 900 at 75c The
telegraph reports sales at the second board ves,er
day at 742c.
In Philadelphia on the 18th, shares Union Bank
of Tennessee Stock sold at soc.
The movement in Cotton has shown a ecn.i,sr.-
bic improvement on last weeks transactions. the
sales Of the week having amounted to about 500
bales at full prices. The crop has been nearly all
brought to market, and it is now evident that it viii
fall short of last years crop nearly 1000 GOO bales
This fact has sened the pretentions Of holders of
Cotton in all the markets, and our telegraphic adj
vices show that the sales of the week have been at
full prices There is no probability that Cotton
viii be lower during the remainder of the season ;
on the contrary prices win likely advance Tho
telegraph reports the sales Of Cotton in New Orleans
yesterday at $500 bales on the basis of IIs(al2c
for Mddling. The sales Of the week amount TO
10000 bales, against $500 the previous week and
the receipts to Il 900 bales against 700 the previ
Gus week The quotation for Middling the previous
week was lie, showing an advance of fully 1c dur
ing the week.
The movement in Tobacco has been very fair, and
some superior lots have been sold at pretty high
figures. As good deal of inquiry has been made on
the subject, may state that the tariff adopted by
the Southern Confederacy imposes no duty on To-
baceo shipped hence to New Orleans, being classed
with agricultural products in their natural state,
which are admitted free Of duty. The New Orleans
Price Current of the 18th says "Snce our report of
Saturday morning last the reported sales comprise
4Sl hhds, of which 40 new Lugs at Ale per b, old.
y and IS new, and ITO, and ECO hhds at. The
stock on sale is somewhat reduced, and consists
mostly Of the new crop. The demand continues
good; there has been considerable inquiry and fac
tors hold firmly, claiming full prices"
Reinforcement in Flour and Corn has been large and
with better facilities for shipping it would be much
arger The Nashville and Chattanooga Railroad is |
ioing all it can to move the freights awaiting ship
nen but it has not been able to keep up with the ex
raordinary pressure that has contrued for several
weeks past and is likely to continue for some time |
% come This road is sending off daily immense
Quantities, and will move all that may be offered
with as little delay as possible. Our merchants
moving this are patient under the difficulties that
'mbarras our trade at present
The Dry Goods trade is opening with a good deal
u spirit, and our dealers encouraged to hope
or liberal business. Every thing considered. the
prospect for good spring trade is quite encoura
'lng, and we are pleased to that our wholesale
lealers have fully prepared Themselves for such
contingency. Country dealers viii fad ample
tceks from which to make their selection.