The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-05-22
Financial and Commercial

la
The steamer Canada brings news to inc io''i -
slant, seven days later, announcing an advance "
6dals In Flour, and Idasd in Wheat inis ne"s
had stimulating effect on the Northern MARI
Tn New, York ,ba hreadstuffs market was BUOY
ant and in baltimore there was an upward ten
dencv IN mutations though no quoted advance
~.s communicated by telegraph. Under the In.
t,,anoa AZ naws per steamers there have been con-
.,,or.h,e purchases for foreign shipment The
Ma. Work Tribune of Tuesday morning, says that
there had been considerable inquiry for bread.
stuffs for export at the comparatively low prices
rulips, and large private sales had been made.
AT the Morning Board of New York Brokers'
Tuesday, Virginia Skies sold at 93s, and in the at
ternoon at 93l. Yesterday according to the Tele
graph, there were sales at &c.,
The New York Journal of Commerce of Tues
day afternoon, says:
1.-The market appears to be convaescent of the
Champion fever aud If no relapse occurs, bids fair
to recover entirely in the course OF few days
Money is freely offered, but there ia unusual dis
criminaton in signatures and it is difficult to
press the rates by table of quotations. Prime
names at short dates are as readily negotiated as
they were q week ago. and loans on call are easily
obtained, the pressure being chiefly in second
class signatures and long bills
.sWe quote
Loans on call, stock securities. ....... Ga
Do. other good securities. ....... Ia
Prime endorsed bills, 60 $50 days. Ia 81
DO 200 months. ....--.. 500
First class single signatures. 9al2
Other good bills. ..l20l5
The stock market opened at slight improve
ment in price, but great Improvement in buoy
aucy of tone. Foreign Exchange is firm, but
without much activity. Bills on London 109}0
LILO; Paris 5.174 05l6t.
The Philadelphia Bulletin, of Tuesday evening,
says:
There was slight re action at the Stock Board
this morning. and the downward tendency in
prices, noted yesterday has been checked. There
appears to be little or disposition to speculate
in the present unsettled state of affairs at Wash.
ington in regard to our foreign relations and the
Investment Securities meet but a limited inquiry.
Five shares of Old Dominion Bank Stock were
sold in Alexandra, Tuesday, at $l0050 per
share.
The stockholders of the Alexandria, Loudoun
and Hampshire Railroad met in Alexandria on
Tuesday, and resolved to accept the act of the
General Assembly authorizing transfer of $780,.
600 of the subscription of the State from the East to
the West Of the Shenandoah. Four agents were ap
pointed to procure speedily as practicable addi
tional subscriptions to the capitpl stock of this
company-the subscriptions to be obtained by
them not to be binding until the sum of S4OO
shalfhave been subscribed.
Some few of the upper Potomac Landings are
still in operation-Ferry Landing, White House
Sycamore, Stony Point, and one or two others
catching Shad enough still to pay expenses The
weather, however, is too warm for this to con.
tinue, and all will close this week
The New York Courier, May 10, SAYS: The frat
Wheat from Canada this season arrived on Satur
day morning. two boats with over 5000 bushel -
The receipts per North River and canal boats for
the week ending Saturday, were to fair extent.
embracing-230 900 barrels of Flour 81 676 bush
Wheat; 40 do Corn g. 900 do Rye; % 700 do Oats:
GEO bbls. Whiskey; 60 do. Ashes; and 400 pks Pro.
visions. The receipts of this week will probably
be more than double those of last
The New York Bank Statement shows a continu
of the contraction of ioans,which has been go
ing on the last five sks The decrease of the past
week is about $500 000 and the aggregate since the
contraction commenced is 81 SS8 900. The loans and
deposits are now nearly the same they were early
in March, while the specie ia SO 600 600 less
at about the time, continued until the middle OF
June, but the aggregate contraction is already ST..
10000 larger than then The loans compared with
this time last year. show increase of S 800 600;
the deposits show increase of 5 H. 400 600 and the
specie decrease of So 1900. In view of the in.
creased capital and deposits the basls of Bank loans
has increased more than the loans portion of the
contraction of the last few weeks has been from the
large amount of discounted paper maturing The
foreign Bank balances continue to be drawn down al
though not to the extent before mentioned The
comparison with last week is as follows:
ma Loans Specie