The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-11-27


with the last authorized quotations of Saturday, We
note decline Of in Central, in Erie, 81 in Hi
nois Central, in Panama, in Hudson River, Il
in Toledo, q in Galena, in Rock Island, aud 50
throughout the list. The bears were much encou.
ragged by the decline and offered their options with
boldness. After the board the market was rather
of; in the afternoon the market was still lower, and
the advance of Saturday was generally lost. Gen.
trail fell further per cent, Erie II, Illinois
Central 4, Panama "a, Pacific Mail 2,
and SO on throughout the list. At the
close the market was heavy, the following being
the quotations. States 5s OF 1874, 96i a
81 Virginia 6's, 70 so; Missouri 5's, 60 20; Ten.
nessees, 70 so; Canton, IA Is; Cumberland
Coal preferred, 81 10; Pacific Mail, so a |; New
York Central, 10 a l; Erie, Isl I; Hudson River,
40 /; Harlem, IA /; do. preferred, 32a 80;
Reading, 81! !; Michigan Central, 81 /; Michi-
gan Southern and Northern Indiana, l4i Is; do.
guaranteed, 29a 80; Panama, ll3A ia; Illinois
Central, $50 SO; Galena and Chicago, G34 Il
Cleveland and Toledo, "a Z; Chicago and Rock
Island, $50 54 Chicago, Burlington and Quincy
60 a 20.
The most notable item Of news from the interior
to-day is the announcement OF the suspension of the
Tennessee banks. This was not wholly unexpect-
ed, as the merchants of Memphis and Knoxville
have been suffering severely for some time from
the want of bank accommodation. The real source
of the trouble in that as in other Southern States,
is the failure Of the corn crop, which has crippled
trade. II need hsrdly be added that the suspen-
sion Of the Tennessee banks viii make any ma
terial difference 10 the general trade Of the country
From New Orleans We hear that sight bills on New
York are down to a premium, an indication that
the cotton movement is reyiying. The private let
tcrs from New Orleans are more cheerful, ard con-
fdence is expressed in the ability Of the Banks 10
sustain themselves. From Mobile, and from seve.
raj points in Mississippi and Georgia, the ad-
| vices a-e very gloomy; trade is a. en- end, the
| currency is deprecated, the stock Of food ia
/ ming down, and the people have no means to bug
more in these States the idea Of secession seems
to be adopted by many as desperate remedy fer
intclerable evils. bank director Of Charleston,
S. c., writes us to confirm the Geographic state
ment that the South Carolina banks will not sus.
PEND. His letter was written apparently Leiore
the suspension Of the Farmers' Bank. Fc adds
that South Carolina VII produce this year go 900
bales Of upland cotton, which, with the long cot
ton, rice, turrentne, &C., yielded by that State,
will be worth s25 900 ,OO0-a.l of which, he adds
will have to be paid for in ccin by the purchasers
at the North and in Europe. At tina rate South
Carolina is going to be very rich in srcce, and ono
cannot b1t wonde. at the shortsigsed policy Of
the directors or tie South Carolina railroad who,
in the face Of 60 glowing prospect have just dis
! charged one hundred hex Is. We aeed hardly say
that we are delighted to hear thar the prospects Of
the ok Palmetto State are so csring. An idea
did prevail here that business was not 50 pros
| o@ Chorla MI IN tn+ar -
friends of the State might have wished; the report
ers Of the Associated Press, c-en, have been 50
far misled as to SPEAK OF severe lnanc.., pres.
sure at Charleston. If, IS our correspondent.
writes, the State Is cbou. 20 take $25 ,Occ 900 in
specie from the North AMI frn Europe, Why all
these stories must be SET DOM as calun,r;es, and
the prospect of collec ting Northern debts in
South Carolina must be ,ror,unced far better thar
is generally expected.
We have seen lette1 frsm Mississippi which
speak most ominous y Of the prospect fc
the winter in that Aate. OF all the Soutl
ern States Mississippi suffered the most fror
the drought this SUNNI !er. Corn is new selling A
prices which are abs ltsl7 ruinous to the planter
and since the recent arrangement OF tire currency
the supply even at exac-bitant prices, has Lecr
almost cut OF. Sou' hern dealers cannot buy cor,
with Southern cure aey fer that is derrcciaes be-
You'd measure, and viii hardly be taken at al in
the West nor can hey get gold to bug It with, for
the recent penic has stopped the novemor: o.
cotton, pat Up excl angc en- the North and checked
the fow OF specie Southwark. A leading citizen
Of Mississippi writ es TIA while the Congressional
delegation 0. that State are dyertng themselves
| by meeting 20 q evise disunionist schemes, the
planters and n,en 81 business are conceEting mea.
/ 80 10 rasI hnfo sba Iar L, a.
hope Of ayetirg u re famine which is now imminent
II relief BIO nor All nded, lie adds, by lst February
there will no: DC ound enough in the sete TO feed
the slaves, and thu possible consequences orc ap.
palllng to coateb ,pla.e. We are lel to believe
that the condition II Other cotton States Alabama
Georgia and soutl CsEol,2a-is not much better
than that o. Mis- 'isspp!, though in the rresen.
fierce political exc ,emons this really much more
vital matter 10 overlooked. We would sutmi; thai
these are crcums,a noes witch call for action OF
the part Of the North It "a just as important :,
prevent the impending famine In our sister States
of the South IL WIS &c avert the threatened sus
pension Of specie pa yments by the banks OF Nes
York city. In The present csordered state OF tic
internal currency and exchanges, great impedi.
menie are thrown in the way Of the transmits on
Of food to tie South. These inpediments II should
be .ae concern CT orr mercl lnts and bankers %
overcome. Corn and -four should be sent tc
Southern points 2. every cost.
The advance Il Missouris LIS reduced the Co
probation in lllaois currency TO four or Eve per
| cent. Tie State auditor has determined not 70
press bis demand Epon the baais for more securi-
| ty. Tic quotation of sight exchange on New York
| at per cen. discount does not necessarily
imply cessation Of business; IL merely means that
the deprecated currency Of Tlino.s has fallen 50
much below the specie standard.
The business Of TIC Sab. Tressusg- today Wa az
follows
kecsiphs ttoo bN ~
FOR cusonf 00,O0o "
PaJmene.. 4ez Ip "
Balance. 0zJ Vof ~
The directors or the Little Mar Railroad Com
Tany have declasod dividend OF four per cen. for