Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1860-12-05
THE LATEST NEWS.
We condcnsc the Tclsgraphic items fror

THE LATEST NEWS.
We condcnsc the Tclsgraphic items from,
tho Houston Telegraph Of the 9TH ult; t,i
THO Steamers Bmned.-The Steamer En-
igrant, was burnt ON the Missouri River on
the 20th--no lives lost. The Louisville and
st. Louis Packet Pacific was also burned nj
Uniontown on the Ohio River on the same
day. Nine persons lost their lives.
Baltimore, nov. 22-The steamer which
sailed for Charleston, took down large
cargo Of goods from Baltimore manuiacto-
rics, for tho Macon (da.) Fair.
The Enanciai Crias.-C AoriestoR, Nov.
2l.-Ycsterday was tho gloonicst day ever
experienced here. A heavy cotton house
and other smaller ones have suspended
Tho banks positively refuse discounts
Cotton is declining. The stock on hand
amounts to 10000 bales. W
Several heavy planters refuse TO forward
their crops until reaction occurs. Exchange
on London is quoted ut 90. Trade is COM
pctcly FRUSTRATED. Tho banks, however,
don't mean to suspend as long sNew York
pays specie.
Richmond, Nov. 21.--Thc Farmers Bank
has suspended. Other banks nre expected
to follow. The pressure is terrible. In
the produce market, nothing is being done.
All the mills. except Gallego, have stopped.
The market is oyerstockcl. Wheat is Zoe.
lower, and still declining.
Richmond, Nov. 2l.--All the banks of this
city suspended specie payments to-day.
Petersburg, Nov. 21.-Beforc the close of
business, to-day, all the banks of this city
In o,,oxaudad cuocio M ~
Nesp York, Nov. 2l.-The Bank Commit
tee have already purchased 500, 900 stcrl-
ing. bills. r.
Neic York. Nov. 21-Thc prompt action of
the associated banks has swept this mar
ket 81 tho best sterling bills, and rates
have, in consequence advanced. Bankers
bills are at 1904 U cent. premium. Com
mcrcial bills are 2@3 u cent premium
Southern sterling bills are wholly unsalc-
able and cannot be quoted at oil.
Thus far the associate banks have pur-
chased but little sterling exchange above
the regular outside business, which, howev-
or, was stimulated by the action Of the
banks on Monday. ~
The Bank Of Commerce, the agent of the
other banks now offers 102 for satisfactory
produce bills, with approved signatures.
The banks are also disposed to discount
more freely, even beyond the promised 5 u
cont. OH their receipts. This is owing to
the better atato Of feeling which now pre-
walls
And yet, notwithstanding all this, there
is considerable pressure observable in all
departments of business, and with it much
distress.
Washington, Nov. % ALI the banks of
this city, acting. in union togothcr, suspon-
dcd specie payment to-day There was no
difference Of opinion among the officers of
the banks or any hesitation or exception in
their action.
Ncw York Nov. 22.-The banks Of this
city have upani mously resolved to make
common stock of their specie, SO long as it
lasts. and if insufficient to meet the de-
mands Of all, to suspend together The
balance between the banks will be settled
by certificates based on National and State
securities.
augusta, Noy.r. 22.-Relinblc private tel
egraphic dispatches, received both hero
and ut Charleston from New York, state
that the late action taken by the banks af-
fords great relief to ALL Stocks have since
advanced three per cent.
New York, Nov. 23-The Southern bank
suspensions Anve had no effect here. 1t is
believed that New York, New Orleans, and
New England will stand firm. The worst
Of the crisis, however, is believed to be past.
Confidence is fast returning, both in
financial and business circles Of all kinds.
The banks of this city discounted two mill
lions of dollars yesterday, and will discount
twenty millions, If II should be necessary.
The best paper now discounted at Sto IL
per cent. Call loans are quoted at per
cent.
.Ne,c York, Nov. 23-It is strongly urged
here and at Boston that. the leading banks
of New England enter into union or as
socio lion, for mutual protection, similar to
that of New York. tits believed that this
step will in any ease prevent suspension,
let what will come.
Suspension Of Philadelphia Banks.--A
private dispatch from prominent banking
house in Baltimore, to n leading house here,
and kindly placed at our disposal by the
latter, says that all the Philadelphia banks
have suspended, MS was expected.
Another dispatch to the same house says
that the North Carolina banks have also
suspended specie payments.
Ncr Fork, Nov % The measures adopt.
cd on Wednesday last by the associated
banks Of the city are universally approved
Of. Since this action on the part oil our
banks has been taken, the calls for specie
have been few, and dc public spirit has
been somewhat less c-cited
Southern bank bills were closing yester-
day at 10 to 20, and Western and Middle
States at 8 to 10 per cent discount
BaIffn.ore Nov. 22-1he banks Of this,
city discounted nearly million to-day
There is no urgent demand for specie
baltimore, Nov. 22.-The Presidents and
Cashiers OF all the Baltimore Banks held
meeting last night, and unanimously agreed
upon suspension of specie payments to-
day.
The following priv1k dispatch from New
York has been rlaced At our disposal By
one Of our leading fnnncinl auihorities
Erie Tef1. My. 2l.-Jlle leading banks
n this city have agreed Together 10 settle
ihsir weekly balances, during the existing
troubles. by hills receivable
Thsy have also resolved to make CON-
mon fund Of all their coin, and come TO an
understanding in reference TO ether mat
tcrs. b. which even -he possibility q sus-
pension Beie is F-svenied
Ttdrt rin resfainly be no snsrension