Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-03-28
COMMERCIAL.
MoncIary and Commerelal.

"WEDNESDAY EVENING, March 27 1851
The demand for Exchange on New York il he.wv
with q limited supply. Outside quotations ars
firm at 2S3 per cent.
Gold has advanced and is now quoted at 2Ca3 per
cent The demand, however, is not large
In New York on the Esd, At the second board,
81, 900 Tennessee IS sold at 751c.
men In New York.
The New York World, in its Money Article of
Saturday evening, says
The surplus Of unemployed capital Is decreasing
oaliy = 81 exlen. which is reducingth rates for
money ana gayes the borrower decided advantage
IN AL negotiations for leans on satsfactory secur
ues On can, sone Of the brokers have amounts Of
fored to them and loans at four per cent and at
nse per cent tney can command more than their bu-
sinesS requires. The general market ranges from
nve to six per cent, and the brokers are Stumbled
chiefly at the lower rate Some of the Bsnjga are al
fering 70 lend on cali 70 brokers at five per cent
Prime Endorsed notes. under four ploutts have haau
passed at i've per cent, but the trznsacf;ons rve-a
excepnenai the range Is from six to seven per cent
FAR names, with first class Endorsement mass from
seven to nine per cent A few choice 3rst class
single signatures under sixty days are quoted at
seven per cent? the market ranges from eight To ten
per cent, and very good names sell at twelve to If
teen per cent. Secondclass paper is selling little
better, but the rates are high and Irregular from
it impossible to keep up the amount Of their loan
column By the offerings from their regular custom
ers.
Commercial Changes.
The Boston Hrgveler says: ave begin to see
changes in the commerce of Boston, most Of which
have occurred within very short time and were
not looked for by our shrewdest business men
And first. is the diversions of quits portion of the
Calcutta trade from this port its ancient seat to the
Southern cities. Gunny cloth, which constitutes
the most bulky portions of Calcutta cargoes, is now
carried direct to Savannah, Mobile and New Or
leans"
The Shee Trade.
During the week ending the 22d inst 4s2 cases of
Boots and Shoes were shipped fiNm Boston to
Charleston. The Boston Shoe and Leather Reporter
says:
The market continues quiet for the season. But
few buyers are here, and they are making purchases
to limited extent. Sales have been made at yerv
low rates, 'and but little profit has been realized
Stocks are small and but few first quality goods will
be left over. We notice that some of our largest
leather houses have engaged in the manufacture Of
brogsns, for the purpose Of working of their super
duous stocks. This will, at least, furnish employ.
ment for workmen who might be idle if the leather
in store, and by taking this course they
may see their money sooner. Collections from the /
south and West come in slowly, and during the past
ZEN days our dealers have been considerably eyer
Used BY the demands of New York merchants for |
extensions of paper coming due
The Shoe and Leather Reporter gives statement of
be shipment of boots and shoes from Boston to the
Inherent States outside of New England, for the
rear 1860. This does not include the shipments
rom other New England ports, but solely frcm
Boston