The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1860-11-26
The Baltimore Exchange, IN ito commercial re-
pot. Nov 23. says:

The Baltimore Exchange, IN ito commercial re-
port. Nov %. Gays:
The week cit ses with the exhibition of n much
cheerful and hopeful feeling among the bu si-
ness community IN relation TO commrrcial and
financial matters, thsn was to have bee expected
IN the early part OF it. The expansion OF Bank
facilities, viii III followed the SUSPENSION of specie
payment by the various banking institutions, has
sreat degree relieved the money pressure, and
confidence Is slowly but stead ~ being establshed
esaiu. Financial affairs to-day are IN much the
| same condition az they were on yesterday. The
Tanks in pursuance OF the policy which was in
dlcatsd when they suspended, continue to DIS
count quite literally, and there consequence
| fyr the reason tnat almost any thing that will go
on the street st this time, Will he taken hy the
Banks IN the regular course OF business. The
nominal rates for hrst paper on the street to day
are 9Gl2 per cent ser annum, bu$ anything but
The community here was conslGera5y startled
this morning nv the announcement that the OLD
and Respectable odnSlns house OF Samuel Harris
b Sons had been obliged TO succumb TO the pres
| sure of the times, ana stop payment Had TINS
event occurred previous 10 the bank suspensions,
II would doubles have added realty to the pan
u neither the stock nor money market has ap-
| Darertly been afs3ted IN any considerable degree
| Tn stock operations this week have been heavy,
the aggregate value cf the trsqsactions at the
Board being about : 6OJ UO0 but Tor nearly all the
| principal securities prices have huctueted very
| much.
| Tie New York correspondent OF the Phi!adel-
| pha Ledger, writing on Friday, says:
| There is q more cheerful feeling III Wall stree t
to day. resulting from the absence OF fresh sem
sation dispatches from the South and the liberal
movement the part OF the city Banks which
are GscountIng with greater freedom. and thereby
COMING to the rescue of this merchants The ap-
pIcatiOs5 iior accommodation" are very nu-
meTous and very urgent, but 1t ia given out that
nobody that has anythi like decent security to
offer has been turned away with denial.
Private dispatches have been fIeqaent between
the Bank Presdents of Bos ton and our own IN the
course of the day. The former give assurance
that # ths latter ride out the gale, they will
be able ~ keep aiost.
Several additional failures are reported this 6f
teFnoon. the most important of which 10 shat of
J. L. Vtiey, wholesale grocers on Front street.
Their liabilities said to amount 10 about $780,,
0Q0. but we'll dlstr huted
TIE Southern and Western exchanges are still
in 8 very deran. ed state. Some drafts were made
on Philede phia IN the course CT thu day. at from
to per cent. Nes'ern currency shows little or
no improvement.
ii would seen. to be the general opinion now.
that THINKS Will work on pretty much as hey are
~ present until the assembling Of Congress and
tne election Of delesa tes 10 the Columbia CopVen
ton, when, with the Istng OF fresh political
and sectional eXcltements. new panlcs, new fears
and new diasters are inevitable.
The private letters by the africa are not ape
cially eucouTaSing for American interests. The
continued drain OF bullion from the Bank of Eng
land, the advance in the rates of discount, fhwer
prices for most descriptions of breadstuts, with
decline in the leading United States securities
Though partially recovered just betDre the closing
Of the mail are unfavorabe features. Tha news
arrived too ID e in the day to have much Influence
upon our local markets.
The Philadelphia Ledger of Saturday says: