The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-10-05
AFFAIRS II NEW YORK.
The Herald Of Saturday has the following

| Ille Herald OF saturday mas the following:
| OF all the gloomy days we have within the
| past six months this has been by all odds the
| worst. All the panics previously experienced are
| as nothing compared to that of to-day. The de-
| cline in stocks since yesterday has been greater
than yet realized in the same length of time since
| the present revulsion commenced. At the fret
| board to-day there was most frighttul stampede
among holders of stocks, and the best on the list
were slaughtered right and left. If there is II
much lower depth for some stocks they VIII go
completely out of sight. The losses realized must
| be immense, and the community at large must be
suffering immensely from the enormous dep eciation
| in market value. At the first board to day Mis-
souri, 6's declined 2 per cent Erie bonds, 1871, g.
| New York Central rs, l; Merchants Bank, /; Park
| Bank, 6; America Exchange Bank, y; Cumberland
| Coal, !; Delaware and Hudson, 4; Pennsylvania
| Coal, e. New York Central Railroad, 8; Erie, X
| New Haven and Hartford, 2; Reading , Michigan
Central Railroad, Z; Michigan Southern l.; Illinois
Central Railroad. Al Cleveland and Pittshurg i; Ga
lena and Chicago, IL Cleveland and Toledo, 2; Chicago
and Rock Island, Z; Milwaukee and Mississippi, |.
| Here We have fall ranging from half to
seven per cent. At the close yesterday no one an
| ticpated such serious and sudden decline, and
| no one knows but that = similar move may be
| realized tomorrow. The sellers those who
from actual necessity, are compelled to realize at
| any price.
The Express of the same date In its financial
| summary, says:
Railroad acceptances sell at fabulous prices-re-
ported at "a per cent per day, upon 80 day paper
| VIC tcHiS' W 1904 IL shft INC Oiu anu HlSHly 70
spectacle firm Of p. Chouteau, Jr., Co. had been
| forced to suspend payment to-day. This is an old
house from st. Louis, and the name of "Chouteau"
there is like "Astor" here.
| Mr.. Chateau is the only surviving partner in
this city. Whether his various houses in st. Louis
will also suspend is not at present known.
| We are requested to say that Mr.. Chouteau iron
| house in this city, known and conducted under the
| style of p. Chouteau, Jr, Sanford Co, at No.
Nassau street, will not suspend but meet promptly
all its engagements
The business and assets of this latter firm have
always been kept entirely distinct from those of
Mr. Chouteaus other houses
Messrs Hutchinson, Tiffany Co. have also been
| obligned to suspend.
Powell, Ramsdell 4 Co, Of Newburp have aus.
pended. whether this will effect the Powell Bank
Of Newburgh is not stated.
Swift, Ransom Co., Brokers' and Agents of n
Chicago clearinghouse have also topped. Sever
al smaller failures also announced
The day closes duller than any of its predeces-
sors
the report OF the suspension of Messrs. ii. SIM
mons Co., Jewellers, published In the Indepen-
dents list. and copied by us, is, We informed
entirely without truth.
The Banks continue TO make at the clearing
house an exhibit, which warrants the fullest con.
hdence in their stability in any emergency. The
clcarings to-day are Sl49o7 ,272 63 and the balance
$977 $50 G6. BID
The notes OF the Hudson River Bank al Hudson
and the Farmers Bank of Hudson, heretofore re.
deemed az Banks in this city, refused to-day
The DID Saratoga Bank, of this State; the stark
Baak, OF Vermont, aud the Bass River Bank of
Massachusetts, notes are thrown out this moruin g
III addition TO those previously mentioned.