Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-04-17
COMMERCIAL.
monetary ana comlnerei l,l,II,


TUESDAY EVENING, April Is. 1851.
The Money market presented no new feature 10,
day. The war news has unsettled every thing in
the way of speculation, and those who have Money
hold on to it, preferring that it should remain
productive until they can see what shape events viii
take. The Louisville Courier of this morning re-
portz the existence of similar state Of affairs IN
that city. That paper says: "The war news mas
had its effect on the Market and Banks are disposed
to confne their business within the closest limits,
and they are only discounting in a small way, ana
that only when strictly first class short time paper
is offered"
We have nochange to report in Uncurrent Money.
The war news has driven South Carolina, Georgia
and Alabama currency out of the market, and the
Brnkers taking it, when they will buy at all, at
about 10 per cent discount. The New York Eusning
Post of the 18th says: 1.-The war news at hand this
morning was the signal for general stampede
among the currency brokers of Wall street, south
ern money at once undergoing an important depre-
citation. The notes of the Banks of South Carolina,
Georgia, Alabama and Louisiana, are now quoted
at discount of rs per cent and rates of al south
ern currency are very fuctusting' and unreliable.
Virginia and North Carolina notes are selling in
moderate amounts at SOLO per cent, Tennessee at
and per cent, Missouri at SOLO per cent. The
great distrust Of southern notes affects in turn the
currency of the West the basis of the circulation
being Southern State stocks. The exchange at
Chicago on New York, we learn by the telegraph,
has risen to per cent, and the rate Is asked
at st. Louisn
In New York on the 12th at the first board $I2 600
Tennessee per cent Bonds sold at 7O1. No sales
were reported at the second board. On the 18th,
at the first board, $4,000 sold at zoe. Virginia
Bonds sold at CSC, CSC and 6s4c The telegraph re-
ports no sales of Tennessee Bonds at the second
board yesterday. Virginias sold at Csc, decline
of SIC from Saturday
The general markets continue very dull. We
heard of the sale of Is bales Cotton to-day at $40
10c.
Messrs. FISHER, WIRELESS & Co. sold IL hhds To-
bacco to-day at the following prices: 1885, co. 6.s5
eco, 5s5, $50, AS, 400 g. 3d. 295. 2.55, and 21O.
New York Banks.
The telegraph reports the following changes
in the statement of the New York Banks for the
week ending the 18th, from the previous weeks
statement:
Increase OF Specie
Increase Of Circulation. 266
Decrease Of Deposits IsS,7IS
Revenue of the Confederate States.
A custom house has been opened at Norfolk,
Miss, about twenty miles below Memphis, on the
Missippi river. The Memphis Avalanche says the
Collector of Customs, his clerks, ETC., up on
Edward J . Gay on the 18th, and hereafter, we pre-
sumo, all Southern-bound boats will have to round
round to and undergo inspection at that point.
Confederate States Loan.
The Charleston Courier states that the Directors
of the State Bank of South Carolina, at a meeting
on the 18th inst, took 100000 of the Confederate
States loan and tt at seven members of the Board
are authorized to subscribe 1000 for their friends
Souts Carolina hanks.
The comparative view of the average weekly
condition of the Banks of South Carolina for the
deposits S4546 94l6l; circulation 81 ,6O3, l24.O0;
specie SI.332, 462.66.
By comparing this statement with that for the
previous month, says the Mercury, note the fol-
lowing changes in the leading items: An increase in
circulation of SAG 355.42 increase in specie Of
$50 S6S4S; increase in foreign exchange Of $685.,
5S4, and decrease in domestic exchange of $513,-
73l; decrease in discounts of $227, 644.19, and
decrease in deposits of slls,Ol9.
New Orleans Banks.
The statement of the New Orleans Banks for the
week ending the 18th inst. compares with the previ
Gus weeks statement az follows: