Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-06-08
N. Y. MONEY MARKET-CIrY NEWS,

Saturday, Il. NJ
At last, United States Bank Stock has inllon IN
London TO nearly the same point il has touched IN
this country. The last report made by the Com
mIttce has given II blow which has nearly nros
rated II IN that market well rs our own The
quarrel between the parties, Who was in fault
IN relation 10 losses and distractions of funds has
had the effect predicted IL would-crimin,t;on
and rccrImlnation To backcn each o,hcr instead oT
an honest desire TO husband the resources of the
bahK' has md the effect TO nJure and destroy the
property OF the stockholders. That the assets of
the Bank are now (CVCn IN the crippled condition of
the Bank) very large, cannot be doubted, Every
effort should bc made to husband them for the he
neht OF the s ockholderS. The great crop of cotton
last year, and the short crop this, has had n very
disastrous effect on ono particular interest-nnd that
Is the shipping during the previous year W hen G,
large product was sent forward, IL was with great
diihculty vessels enough could he found TO Like II
to market; shIps were built with great despatch md
they were all prch,ably employed. This year there
has been surplus of vessels, aud the conscuucnce
his been that freights have been ruinou.Iv low,
AT the present tirne our wharvcs arc crowded md
vast number must remain Idle until the season
arrives lur going South in search of employment
Dor packets are taking Cotton to Liverpool a, the
inh'ng losing rates Of idto ID per IL.
THE CROPS
Considerable damage is said TO have bocn Ione IN
the growing cotton crops by tho cool and damn
weather north OF GeOrgin. The Same cnuse has on
Grated 10 itsnIurY to extent IN that State but
generally, we arc happy TO say, far rs our inlor-
nation extends, that although somewhat retarded
~ us growth, no material damage has as vet been
sustained, and that prospects rather more alter
ing than otherwise. Wheat and corn certainty uro-
mise we'll, we nre told. Tho former in Gcorcio !.
now ~ for harvesting.
The gram crops IN Delaware, VIC arc told, are ye-
~ promising. The wheat never looked better. nn,I
the corn has been excited TO rapid vegetation by iii
recent warm rains. The cut worm, which VII
much feared, - doing but little mischief the sun
too hot for his temperament.
The prospect Of fruit IL not so good Thoughl
the blossoms gave an abundant promise, vet much
injury was done by the late frosts, and Still more
! ny tho prolonged cold weather. which starved gu,
the embryo.
The Southern papers insist that the Cotton crop
OF me present year, vii vary very little from 600
IOUo bats-hnd yet, observes the Charleston Mcr
curry, nj the very time when this deficiency becomes
apparent and admitted 10 tho fullest extent on IN,
other side Of the water, cotton undergoes 50 serious
decline aS 10 threaten great if not runous loss "a
The leading houses that deal IN n.
| N. Y. Markets June ..
! COFFEE- Steady sales, but without tic slisht-
est change in price.
| COTION-The market is very innctiyo-th,
| last news from Europe has checked sales
| FbOUR-MOdcmte sales of common brands nj
si,9l 81; Georgetown S5,12 and Howard stree
Sj,25.
GRAlN-Sales Of Ohio for export at Ii9; Ry,
| ~ 90, Corn 60 a 90 cts.
SUGARS are doing little better. Sales Of Mo
lisses at a tnhIng odyance.-EIpreSS,