Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-11-17
ytsANorAL AND COMMERCIAL.
RIoHrorD, Nov. IS. 1868.

RIoHrosD. Nov Is. 1868.
The following extracts from the financial de-
prtmenn of late New York papers, win be found In
terestin-
November Oh. p. M-The stock market showed sigrs
Of a coming storm to day. The money markS VS.
sorely stringent and there an evident neceoy u
realizing on stocks Every lot pu. out depessedprces,
which continued to droop face OF feeble tnor 10 tus
tain the market by purchases on time
The boastcd subscriptions 10 the 20 loan turned OFT
as expected 10 that the Treasury bad to pay cut
more money than IL received, and to-day called Tor
s. 500 900 more loan from the associated banks.
MONEY not any more easy toby. and the great.
sa distress prevails among needy borrowers, aRo
whom to be csssed many banks, whose eageiness
support the Government" with other peoples monIy,
has carried them beyond the bounds of discretion or
common prudence when the last loan not yet paid up,
made TO the Secretary, September q. TIE Pref
dent of the nix Of New York offered a res, lauo1,
which was adopted to tho effect that the legal tendr
notes held By the banks should be equazed each morn
g before busDefs. Thus has the abundance OF paper
been ignored until saturday lss The weak bank, r,
what Is tue saue thing b,dIy managed concefns we're
always unable 10 pay up at the clearing.
They bad loaned their money 70 stock jobbers and
the Government and could not get their money bt IL
without create Iauic In this position tie West
wanted It's money, subscribers to 5-20J wanted tLeir
money, general deposgors wanted their money lac
Government wanted the money the bad sgrsed 70 Cd
it, AID tie price rose everybody waited .nsr noDy
The strong banks could sJTd 70 let bs4Ec.s stad
and on Sa urday all were oaked up 10 the "capalns
Office" to settle.
At the same time Mr.. Ckase owed TO the extent OF
$50 millions five different kind; of NniioIm cuIreDc,"
vz Fractional notes. legl tenders nsnoHal bsni
per cent legal tsDcef ana 5-2Os wLco he has be IN
promising preparing, printing postpoling, and never
paying; crowds OF e1pectans have their hands tx
tended vainly tosard the great unconstitutional Iag
MILL Ehlch Is filing the country with prosperity Tle
mill keeps up its delnitIon grind" but tie hope OF
tie expectants are in rags Instead OF payug, The
Treasury called upon the banks Tor S,5000OO Of
the loans, which produced sort OF panic. Tie Ieut
q severe pressure, aud what was remarkable, hE
Chase's greenbacks sold at premium OF per cent.
This Of the novelties OF Wall street, aud es-
tonished not few. The banks, after failing several
times were compelled 70 be homes. on Saturday; Ut
who can be honest without greenbacksf They V,re
compelled 10 give their checks TO the brokers' payable
on Monday, at premium, 70 be met by new CHI ok
for efeenback honesty, With another I, much IN The
style of the shnpaser banks under the New York law
tsen,y years ago, when they trying to keep ups
show Ut credit By spending their creditors money.
Daily NsUs
Nov. lOM-P. A-Tbe money market thosed no q
teri4 alteration from yesterday, and comparative o. 81
yet upon the surface; Lut there are uustokoLLe
Signs of igntd emJers 'Jene0th which breath would
almost kndle INTO raging fame. Many assert that me
banks have been iDjudicIVus and hare applied he
may in q be true il will IA veftheless be d.
mted that they have been sctGated in their opea.
tons extent by toat Sco>pted law of nature
which demands self prsssrsatiOn.
We firm In belief that before the expsah
OF two three weeks &C the iurthest matters ii
take favorable turr, and the market viii become Is
buoyabt as the most hopeful could desire. The G.7.
eminent is essy in is fnanci Affairs, with Large sur
plus of iuads TO meet aoy and all demands upJn the
Treasury, and now b, Mr.. Chase TO render I'll
the relief possbie.-Hsrdid
NOv. lldb p. A--The agents Of the 30 loan O.
port qiiry, bu. nothing OF magnitude. The ..
pots at the Sub treasury this a-cont were Sl74-
700. With continued money pressure, all sGSser,S .
tions 10 this loan piH cease. There GuVeinmt at
Stocks offered IN small lots brokers aIreads, by Isr-
les in want OF ready money, and state OF thugs Ian
readily be produced when ar. Chase would DO ioIe3d
to pay bis debts in twoyeir Treasury no:es, 30 large
u!d be the rusA TO sell bonds for ready money at
The payments at tie sub-Trsasury have BE- en-
large to-day, aad NO cali made on the baaka-1i-
tuRs.
The quantity Of Flour, Wheat, Corn aud
Bailey lett ct vide during the fret week in Dc o.
ber by the Eeu York State canals In the years 1864
Ill