The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-06-12
Financial and Commercial.

THE HARVEST AND THE CRors,--We unite
....a ,ha. the whoa. harvest has begun In some
az the South Side counties especially Halifax. II
win begin In few days on lower james River The
character of the grain win be soon tested There
Is no doubt that the yield has. been greatly cur
tailed by the fly and other enemies Of the crop,
and BY the recent severe drought.
An observani friend who travelled by way Of the
Central Road to the Valley, and thence through
many Of the Valley counties to the Potomac, and
across into Maryland, states that In the Valley
there will mot be harvested more than half crop
of wheat-thAt the drought injured II very MUGS;
but the fly and other insects much more-thas In
many places the ground sown in wheat has oeen
ploughed up for corn or other crops. He says 'na'
the frost during the cold spell some two weeks
since, did the wheat some damage, and very con
siderable injury to the corn and vegetables. lns
cold weather and the dry, baked earth pfe'eh'eu
the corn from coming up in many places anu .As
farmers have had to do an almost unpreceuense1
amount of replantng. The clover OF the any,
looked fine There appeared to be an aounuAa'
crop of apples, but not more than iou''n "
Crop of peaches. The corn In the fiedniou' fe
sion looked we'll In Maryland he says tue SP-
pearances are better for wheat. lie es'lna.e'
that there will be more than half crop In those
counties on the Potomac and on the railroad
through which he passed
The New York Journal of Commerce, of Tues
day evening, says;
Alta meeting of the stockholders of the South
side Railroad, in Petersburg, Tuesday, the Board
of Directors was authorised to issue bonds to the
amount of $3.50 900, at per cent
The auction sale ofcotfee in New York Tuesdsy,
went off with spirit There were 5000 bags RIO
sold at lO0lll cents; averaging $40 so per lO0
pounds These figures show an advance
FRAUD IN LARD-The New York Post notices
the discovery of an extensive fraud in lard. This
article of commerce has been aduterated to the
extent of & to per cent of water mixed with the
lard. The discovery has caused great excitement
and irritation in the trade, and some steps are
about to be taken to prevent repetition OF the
fraud.
The supply of money for temporary investment
is very large but there is little disposition to specp
late, and the market cannot be called buoyant 1t
10 probable, however, that the use of so much sur
plus funds will after while, create little excite
ment Notwithstanding the caution now manifested.
Loans on call, stock securities .---.-.... so
Do ether good securities. ca Z
Prime endorsed bills, 60090 days...... Ga
Do do 406 months. Ia 3
First class single signatures. 500
Other good bills ACKNOWLEDGEMENT 06l2
The Stock market opened buoyantly this morn
ing but with pressure to sell. and but little
speculative demand. There was less animation
towards the close of the First Board Foreign
Exchange is firmer, with an increased demand
Bills on London at 60 days 100! 0109s.
The official averages of the banks of the city of
New York for the week ending Saturday last,
June Z, presents in the aggregate the following
changes from the previous statement:
Increase of loans. .................$ ,0236
Gain In specie. ...........-..--.. 2,l44,s90
Increase in circulation. ............. 16l,10l
Increase in undrawn deposites. Z. sos, s43