Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-05-18
MONETARY AND Commercial.
OFFICE "F THE USIoS AID AMERICAN.

OFFICE 0F THE UNION AND AMERICAN, |
| FRIDAY. May is, 1856. J
/ MoSETARY.-Gold in New York on yesterday,
closed at 1891.
| Business contin continues remarkably dull and
! rates tend downward.
! Bank Of Tennessee is weak at 328Goc buying,
! and .5a5Sc selling.
Union Bank is duh n 20 cents buying and 73@
- selling
Planters Bank is BOUGHT 1T 10 cents and sold
atG}.
southern money j. generally dull and rates are
lower. Only a few Of the best banks sell readily.
The following dispatch gives the state Of the
' ew York money market on yesterday
MoNE-Market easy at 4aj per cent. for call
loans: Sterling quiet at lO51zal 1874. Gold de
clned at the board Sc aud issues Of 1864 and 1906
&c. Seyen-thirtios and and ten-fOrties retained
previous quotations.
LATER-Gold excited under an active foreign
movement, snd the assistant Treasurer Is a seller
at the best price er 10. and this source Of sup
ply has checked an advancing tendency, which
would probably have produced more violent huc-
iuatI0ns than have been experienced for some
time past. OF course, those who had gone long
IN gold without taking into account the possible
contingency Of the Government coming into the
market, are loud la their condemnation Of the
action OF the Treasury.
Money is drug upon the market. There is an
inquiry Tor large amounts at 4 per cent. for the
purpose Of gold spcculations, and for speculative
purchase Of the j-2Us being returned from Europe
but II Is not found easy to procure any large
amouts at that rate. The general rate on call
loans Is per cent. Prime paper continues com
paratiyely scarce; the rate on short dates being
5000 per cent, and on 3tyi months bills 5IGGR
per cent. Foreign exchange nominal at ycster-
day closing quotations.
GEOCERIEs.-The business in this department of
trade has been active aud satisfactory TO dealers
for the last few days, and the following summary
will show the ruling figures
FLoUR-The prices for -four have been upward
tending and with a rather excited market-the
demand has been good, at the following rates:
superine at s. 2j@9 IS; extra $1,000 %; family.
$ll@l2, and fancy So jO@lS.
BACOS-Iho bacon market has been active with
an increasing stock ON hand, and heavy sales at
rates below any Of other cities. and we quote
shoulders, ats ga lGc; rib and sides l71l@l8Ic;
clear sides lS}4ol9c; hams, 2lc; canvassed %
@23.
LARD-The demand for lard has been on a par
with that for bacon and we quote for ticrcc. pc
and kegs pc
CoTTON-There was quite an Improvement in
the market on yesterday the ales reaching as
high as ::l2j bales Good cotton brought 27@2o14c.
New York dispatches quote good demand and
prices at 3GG37 for mdding.
CoFFEE-Considcring the season the sales of
coffee have been fair and we quote common to
good at pa 36c: good to fair 26@27; fair to prime
2@2SlIc; prime to choice, 28ll@29c.
SuGAR-With an increase Of receipts and libe-
raj sales, there is activity in sugar than for
some time past. We quote Cuba. 1919; Porto |
Rico, ljal6c; Demarara, l7@lSc; New Orleans, |
lS9l9c; Standard Hards 19G2Oc.
MoLAssEs-Vcry heavy receipts of prime sugar |
house molasses. and we quote New Orleans at |
81 ljal p; Cuba, 7jc; Porto Rico 7jc@$l 90; |
Golden, 81 l50l -; choice articles demand about
81 3j0l 30.
SALr-We have no material change to note in |
'alt. as the demand is slight ut 81 3 for seven |
bushel barrels
NNLs-The demand is light and there is |
downward thndcncy in all grades. We quote
$ lOas p for los to 4Os with pc advance on
smaller grade.
GRAIN-IIas been growing better as the South
,rn demand increases, and we quote common S7l2 |
agO for yellow and 9Oa95 for fine white. Oats s.
IGn.