Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-05-31
COMMERCIAL.


TErRsDAx EvEsTSG, May 80, 1861.
The stock of Flour in the market Is quite large
though it is held firmly. Considerable quantities
have been purchased by Southern markets, but we
notice the appearanceof new Flour IN Georgia and
in consequence the Augusta Chronicle daa Sents's Of
the 18th quotes decline of 25c per bbl I'VE noncs
from our exchanges that Wheat-cutting mas COM
menced In North Alabama, and the crop %
the finest ever known in that section OF tne S'~.s
harvesting will be general throughout INC 49,
dui ing the coming week, and we think II Pro"AOie
there viii be decline in Flour here, eonsequeu'
upon the excellence Of the crop being gathered.
At present Flour is quoted here SECS Is per Dbl
for Superfne and s7@7 so for Extra Family; sacks
- So(s4 As yet we hear of no offerings for Wheat
and are unable to report at what fgues the market
viii probably open
There is pretty coed supply of Corn on the mar
ket, and with a fair demand, prices are firm at 70
9sO and S5c per bushel for mixed and white.
Within q few days considerable advance has
taken place in Salt, and we now quote fine sack st
50 so and barrel at SOC per busheL We notice in
some of our Southern exchanges fears expressed in
regard to the failure of the supply Of salt and its
manufacture is urged. There is an extensive salt
mandatory in Smyth county, Va, known as
"KHG's Works, and its capacity might be largely
increased.
The stock of Hay in this market is light, but per-
haps sufficient to meet the demand until the new
crop is cut. 1t is held at s22(G25 per ton.
Millett Seed is beld at 90(9SI per bushel
We find the following paragraph in the Cincinnati
Enquirer of the 18th:
Mr.. Cummings late of the firm of Messrs. Cum
mDgs Jones, of this city, took his departure this
morning for Nashville, Tenn, his former residence.
During the short year of his association with the
business community here, he obtained their entire
confidence, and all deeply regret the loss of so
worthy gentleman from Commercial circles He
takes with him their best wishes.
Some idea of the difficulty the LINCOLN Govern
ment experiences in raising Money may be gather
ed from the following statement in the New York
Evening Post of the 9th:
The Secretary of the Treasury has accepted all
offers for the Nine Million Loan at S5c and above
for stock, and at par for Treasury Notes. The bid
ding footed up less than was expected, the Boston
Banks failing to come forward in the liberal amount
calculated upon. The small offering of the Banks
of that city is attributed to Misunderstanding
and the list of proposals for Treasury Notes made
up among them-reaching two or three million dol
lars-probably had reference to the Fourteen Nil
lion Loan previously advertised.
Some time since the Confederate States advertis-
ed for loan of 5000. 900 and bids to the amount
of $4,000 900 were offered at par; now the LINCOLN
Government advertises for loan of SO 600 900 and
bids to the mount of about $1,000 600 at Sc were
offered. What a contrast
In New York on the 9th, at the first board,
SIG 900 Tennessee per cent Bonds sold at 44c.
The New York Evening Post of the 27th says:
In the State Stocks there ia an active movement
in Missouri Skies and Al was paid to-day. Vir-
einia's and Tennessee's were also q shade better
There is little doing in other kinds. The quotations
are: