Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-03-24
COMMERCIAL.


SATURDAY EVENING, March %, 1851
The demand for Exchange ON New York has bee
unusually heavy during the entire week, and to-da
the supply ia so nearly exhausted that quotation
are nominal This heavy amount hss has been re
quircd by our merchants to make their spring pur
i chases
There has been q considerable improvement i
Uncurrent Money during the week. The issues O
the Ocoee Bank, Farmers Bank and cambridge Bank
which have heretofore been quoted at 10 per cen
discount are now taken by the Brokers at pei
cent. There has also been an improvement Of pei
cent in several descriptions of the currency of other
States South Carolina is now quoted at per
cent discount, North Carolina 6, Georgia q, Virgil
mia s, and Mssouri5.
InNew York on the 10th, at the first board. the
following sales of Tennessee per cent Bonds were
made 1000 at 74sc, $4,000 at 74sc, and $4,000 at
743c
There has been an active demand for Cotton dur
ing the week, with sales amounting to 1850 bales.
and the market closes firm at an advance Of 1taIlc
per pound on last weeks quotations The sales of
Tobacco have been light, but the transactions ind-
cate advance of fully lie per pound on last weeks
prices. In other departments of trade the business
has been to fair extent, indicating steady and
healthy movement
The amount of Fleur, Grain, and Provisions ship
pedrom the West to the Southern States judging by
what has passed through this place and still contn
ues to pour In upon the Nashville and Chattanooga
Railroad, is immense We notice that the planters
in the Southern Confederacy are taking steps to
provide against this contingency in future by every
where planting larger crops of Corn than hereto
fore. This course will probably greatly reduced
the Cotton crop next year at least.
Wholesale DRY Goods Trade.
For the information Of retail merchants in the
interior, we may state that our wholesale dealers
have in store eoupieus supply Of Spring and Sum-
mer Dry Goods, Boots, Shoes and varieties. Some
of the larger houses exhibit very extensive and
brilliant stocks. Prices are lower by five to ten per
cent than they were last for the same quail
ties, and there is no difficulty in COED solvent buy
ers being supplied on favorable terms.
Wneote there are some changes in ms o
selling goods, which we regard as beneficial to all
In times past goods have been sold,
in Nashville open notes Of indefinite time for pay
ment, such as six months with privilege of paying
when it suited the buyer. We discover some of our
largest and most enterprising business houses repu
dadate this indefinite system of credit We saw in |
one house large card, plain to they eye of any
one who entered, the following motto TERMS OF |
SALE CASH, DISCOUNT OFF CREDIT, TIE EXCEPTION |
The Nashville wholesale Dry Goods dealers enjoy |
reputation for ability and promptness second to |
those of city of the United States and we sincere
y hope that they will be able togo through the
present perilous commercial times without favor
rom the importers and commission merchants of
he Atlantic cities. This they can do with reason
lble assistance from their customers, who should |
EEL deep interest in sustaining them.
As the trade progresses we will give other re-
ports.
Cotton at New Orleans.
The telegraph reports the sales of Cotton in New
)rlean Friday, the 22d inst at 5000 bales on the
'asisof l2(Gl24c for Middng. The sales ofthe week
mount to $1,000 bales against 46 500 the previous
week. and the receipts of "a 500 bales against 300
he previous week. The quotations for Middling
he previous week werel1(1l2c, showing an advance
# fully 4c during the week.
Bank Movements.
The following are the leading items in the reports
# the Banks in the five cities where weekly state
nents are published:
Ioana srsc;. rt.,n n.-o.;,, |