Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-01-04

The New Orleans Picdye Of the 3st ult Monetary
and rc7iew of the year $780, has the ollowng
January to April inclusive the market generally ruled
10 ~ per for strictly prime fair long paper
In May eased of to 99l0, and continued during June
8I99 Towards the middle Of September the market again
hardened lG2, and only favor could placed
uence this adverse also to the impres
which then gained ground that the crop would fall
positive certainty after the hurricane ID October
the frOsts Of the 18th, 18th and 18th Of the
The Of the exiIng crisis dates from the 10th
October On the morning Of day received the adverse Re
of the Pennsylvania State elections, and although
terminate differently yet the msjoy impressed with the
conviction that the sectional candidate would be The
rapid curalment. New discounts could obtained
Capitalists the alarm and refused in paper
Is the had vitality Exchange receded fast and
clear Sterling bills only worth Jos at the opening Of No
The only bright feature the decline funds
New York to &c discount which induced free orders for
morning by the CON
frmAon Of worst approximations The Presidential election
dsasrouy for the South The not
to submit to sectional rule acquired consistency within twenty
four hours feeling of universal alarm prevailed There
dead lock in Exchange. With the stoppag OF negotiations
cotton went down and could not be moved sufficiently t to
meet the heavy The Banks were compelled to grant
the 18th November but the suddenly arrested by the
and on The last day ef the month Cheeks ree 10
<91H pc discount and have since ruled at point at which
the Specie line has increased nearly four Millions the
have acquired such olidity as to be impregnable.
In the meanwhile the forced calling in OF Loans created
trouble and December large nun
Der Of important suspensions took place This Increased the dis
whilst the public mind agated also by tie fear Of
from Europe he this On
the Ih December Clear Sterling bills receded to 1895, and
Francs to 6f OO which was The lowest point OF the asou
The evening received the first Response from Europe
troubles It the Of what had been
ally anticipated Instead fright reassured
by an advance Cotton and Beadstuhs announcement
OF large gold shipment And the intelligence since has been Of
the same gratifying character.
inertia very heavy business has since been done in
hardening rates, until prices fully anda
half cent. per pound point
favorable reaction has contributed most powerfully towards the
liquidation of outstanding engagements and has infused
confidence in commercial financial circles.
Idle deny that the future encemPsssed by many difficulties
and EMBARRASSMENT.
The times are uncertain, day brings with
many and startling developments, thse he must be bsd
indeed who ud to predict the Of trade
and finance du9g the coming One broad fact intimately
connected with welfare apparent ALL The Cotton
cop unqusston.6y short and consumption notHthsanng
the troubles this side is progressing aormida5le
The article probably stronger position than be
fore known Prices cannot but rule saving ana except the
prevalence general panic al over the world And even then
the depression would be fsetng
The moned and commercial movement to-day large.
There better feeling Sterling and large sales made
at advance, from lOl for exemes But the chief
business was done at ID the outside rates having been
only paid by direct RENTERS Drafts with Bill OF Lading
disposed OF to some extent at and lO francs now
ever have not mproT and We netce large Gales OF strictly
prime names at 81 5 The range is from 81 o5S There
nothing doing sixty Bills New York Sight rner
and cleses at = 81 per cent discount
Tks State Auditor of Illinois has published exhibit Of tie
condition OF the hundred Stock that stats
from which learn that the total circulation of these Banks
s23aOe94 secured by follows: 3as6OOO
Missouri 6s 332O0O Tennessee 6s IsE4Oo0 Virginia 6s
sou Lousana 6s; goo North Carons 6s 100000 South
Carolina 6s 335 900 Georgia 6s $500 Kentucky 2s4 54
ss; 9OCo rs $4,000 Michigan 6s $1,000 do 7s
4o goo Minnesota SIS 2s2OOO New York 6s, 1880 United
States 6s sz United States stocks of 1851 6ls Illinois
Michigan Canal 324 illinois New Internal
lbs OOO Illinois 6s 1861 Specie. Total stocks sI393s no
s6l in specei making grand of sI30sOg7 ST.
G60, III in excess OF the cirrs:stion.