Richmond markets, November 26.
There are only slight changes in quotations, and the market continues very dull.
Business is almost at a stand still.
The
Banks having agreed to a list of bankable funds, which is pretty liberal, the community is relieved of much trouble.
They agreed to receive on deposit the notes of all-solvent Banks of the
State, save those of
Wheeling and the Bank of the Valley, making an exception, however, in behalf of the branches of the Valley Bank at
Staunton and
Christiansburg; which will be bankable.
The suspension and these arrangements will afford much relief; but as to the main source of our troubles that continues, and the prospect is obscured for the present, so that there is no telling what is to happen.
To hope for the best and prepare for the worst seems to be the general policy of the
South--or rather what is called the conservative portion of it.
There is no change in the quotations of Exchange and unbankable money;
North Carolina money, however, is unsaleable, as nothing can be done with it at present.
The
Banks are good, and their notes will be ultimately good; but at this time the brokers can only hold them.
They must, therefore, pass from hand to hand, if at all, until, in the course of trade, some demand for them shall spring up.
Below we give quotations, with the remark the there is hardly anything doing.