Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-11-24
Monetary ana Commercial.

SATURDAY EVENING, Nov. %, 1861.
There has been pretty heavy demand for Gold
during the week, and with a very Light supply in
the hands Of the Brokers' they have advanced their
rates to 25[9S9 per cent premium and it was going
of to-day quite freely st the outside rate. The
demand for Silver change continues heavy and to-
day the Brokers we're charging 25(92S per cent
premium. 4 year ago Silver was so abundant as
to be drug, the Banks, in some instances, refusing
to take it on deposit The extraordinary scarcity
now suggests an inquiry aswhat has become of all
the change. As it has not been used in transactions
out Of the Confederate States, It must be boarded
up and thus kept from serving its legitimate pur-
pose in the trade Of the country. The wonder is
that at the present rate Of premium more of it is
not thrown into circulation.
A bill has passed both houses Of the Legislature,
and is BOW law, authorisiDg the Bank of Tennes>
to issue change notes Of denominations less than
one dollar. 1t was understood before the bill was
introduced into the Legislature that the Bank, if
authorised, would issue such notes. We believe
the bill does not limit the Bank to any sum, ard we
presume sufficient amount will be issued to meet
the wants Of the people, In the absence Of Silver,
these issues viii be great convenience, but We re-
sary for the business of tie country.
Flour continues Is upward career, and it is now
fully 81 per Dbl higher than at the close of last
week. We quote Superfne at 50 O0995O and tx
ira at SO 100000 per Dbl; and for fancy brands
we hesr Of sIO5OGI1.OO being demanded. Sacks
of 90 lbs range from S450 to S5.5O. The New
Orleans papers notice a heavy decline in Flour in
that market, amounting TO 81 per Dbl. The Pic
agae Of the 2lstsays;
The market continues extremely dull, and with
an accommodating stock, prices ruled still mere in
favor Of buyers, holders offering hne at IS, super
fine at So and extra at $1,000. There were some
small sales st these figures.
This decline viii probably net affect our market,
as we are informed the city mills are taxed to their
utmost eapscity, day and night, to ell their con
tracts VITA the Government. Our Flour market
has occupied : singular position the present season.
When prices go up in New Orleans, Nashville SYM
pathisas with New Orleans, and a corresponding
advance IS the consequence; bat when prices go
down in New Orleans, Nashville does not sympa-
thise with Kew Orleans, because we have Govern
ment contracts to fall back upon, and the Govern,
ment agent here tread no step backward
The high price demanded for Flolr has caused
holders Of Wheat 10 put up their prices lO920c
higher than last weeks figures. We now quote prime
White at s1556L6O Red sI509I55, and Medi-
tarranean sL459L5O per bushei, and We have
heard of considerable transactions at the outside
figures We incline to the opinion that prices viii
20 still higher, and we hear Of many farmers who
are still holding up their wheat for better figures
The market for New Corn is unsettled. The ex-
trernes rsngsfrou zoe to zoe per bushel Old Corn
sells at 7OS0e per bushel, but the stock Is light
We continue to quote Oats ct 40S5ec, Rye at 500
SOC and Barley at s1S1.25, with good demand.
There is but little Bacon on the market, and that
ia firmly held at 2ga24c for Shoulders, 25S26c for
Hams. and 2782Sc for Clear Sides. At retail, the
prices are 2(95c above these figures Lard is nom
mai at 2s25c per ID, from the fact that there is
but little to be had
We hear Of nothing new in the Pork market
reuain firm at 10912lc per ID.