Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-06-02
COMMERCIAL
SATURDAY Evvvr,.

SATURDAY EVENING, June 1. 1861.
The Money market has continued quiet da-;,, tbo
week, with no change in any department n 0o.a
The demand for Exchange has been irregular. Init
not large. The market has, however, remained
firm at l2l(9l5 per sent premium. Gold continue.
scarce and the Brokers readily take all that is Of
fered at 10 per cent premium. The selling rate is
l2l@l5
In New York on the 2sth, at the second board,
$4,000 Tennessee per cent Bonds sold at 43c, and
on the 29th, at the first board, SO 900 at 43c and
$4,000 at 425c
In the general markets business continues very
oull. The little that is doing is in small way 10
supply the demand for immediate consumption, as
there are ne transactions of speculative charac-
ter.
In Cotton there has been little or nothing doing.
Holders are firm in the conviction that they will vet
obtain better prices and hence have manifested no
desire to sell. The receipts of the week amount to
AZ bales against 81 last week. and the total receipts
since the lst of SEPTEMBER to II, $50 bales.
The total receipts of Cotton at the YariOus South
ern ports up to our latest mail dates amo unit to g.
46O,639 bales showing decrease as comps red with
last years receipts Of S7S 500 bales. The receipt.
at the ports after this date last year amounted to
about 800 900 bales. From this it will be seen that
the crop this year will fall short of that of last year
about 100000 bales At our latest mail s tea there
was stock of only Sc, $40 bales in the Southern
ports, while at the same time last year the stock
amounted to 3O9.8l4 bales.
By the blockade of the Southern ports by the
LINCOLN Government, it was hoped to force the Cot
ton from the Southern States to be sent lnland to
Ne" 1ork, to be exported from that port, but the
congress OF the Confederate States passed law on
the ZIst uit, which prohibits the expectation of
Cotton except through the ports of the Southern
Confederacy. 1t will BIS seen, however, that there
is but email stock now on hand, and it is probable
that will be shipped before the blockade takes legal
effect. The New Orleans Price Current of the 29th
has the following remarks on this subject:
1t, however, the assurance made to foreign minis
tiers shall be complied with, that two weeks will be
allowed 70 al neutral ships in port to complete their
eaFgOes and SAIL before they shall be subject to its
restrictions, 1t is manifest thu. by the time the
blockade will have been made close the amount of |
cotton left here, whether on sale or for shipment
will be so incOnsiderabe to cause no inconveni-
enee to the trade. As for breadstuffs and provis-
ions, the prohibition of their export will be pub
lie benefit preventing our available supply for con-
sumption and the commssariat being diminished by /
shipments TO foreign ports. Under these circum-
stances there appears to be sufficient reason why
any extraordinary effort should be made at present
to raise this blockade, which involves heavy ex-
Pense to our enemies and prevents them from using
their navy for the protection of Northern COM
merce, IN other waters, engaging in mischievous
oemonstratlOns against exposed points coast.
The shipments Of Tobacco by rail to New Orleans
have continued pretty heavy during the week. The
receipts Of the week have amounted to 65 hhds,
against lf9 last week, and since the LIST of Septem
Der to 1904 hhds.
Upon inquiry we learn that the stocks of Bread
stuffs and Provisions ample to meet the demands
Of consumers and the trade until the new crop Of
each comes into market. The following quotations
for Flour, we think, are reliable: