The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-07-09
Financial and Commercial.

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Financial and Commercial
Virginia stocks which sold at 9al. on Monday,
were sold yesterday, at the New York Board OF
Brokers at e3s.
The Second Branch Of the Baltimore City
Council Monday evening adopteda resolution au-
taorisine the Register to borrow $4,000 and ap-
propristing the same to pay the interest due on the
81 500 600 bonds of the Northwestern Virginia
Railroad Company, endorsed by the corporation
Tn. INSPECTIONS of Flour In Petersburg, for the
ousrter ending June Sot reached H. 2s2 barrels OF
which $40 bbis. were condemned
T,s 5.c,e,.e in Cotton raised in Virginia, for the
mast WAR i, 2s45 bales; and In North Carolina 1852
bales.
TIL. Tobaeco Inspections at Lynchburg for the six
months ending July LIST amount to Lid hhdsr be-
,nx An increase of 055 hhds the inspections of the
corresponding period last year.
The Flour inspections at Norfolk for the months
ending the 3oth June, reached 1863 bbls, of which
1890 bbis. were condemned and rejected.
ALEXANDRIA CANAL CoMPANY-This company
held meeting in A.exandria Monday, at which it
resolved to approve the action Of the Board OF
Directors authorising the of the piers of the Pc
tomac Aqueduct for the support OF bridge over the
ffFeI, upon COnGtiOn tHhI COISIebS replace tAc
pes,ructure of the aqueduct upon plan satisfactory
to the company.
GsaiNIs CHIcAGo-The Chicago Journal of Tues
day says that two bets were made by produce mer-
chants in regard the of Corn that citv
al the present time With one party he bet 90 that
there was not over $50 go bushes of corn in the
whole city of Chicago. The inventory lmmedi-
atey taken and there found to be 542 4S bushels
This decided the first With the other party he bet
SIS tina. there was not over 100000 bushels in any
two warehouses 10 the city BY the inventory, there
found to be in the two largest warehouses some
where between 225 600 and 25O, 600 bushels
Finances OF THE UNITED STATEs.-The Wash
inston Union of Monday publishes condensation Of
the report and accompanying documents, just made
by Mr.. Bigger, Register of the Treasury. 1t says:
On the lst of June, 1885, tn. total de BIT of the u
Statss amounted to f00i9 500 10 Since that time
this mount has been reduced to S2 1853 1872 SO; thus
stock redeemed during the month of June to the
amount of $50 800. We obtain these figures from
the first statement accompanying Mr. Bigaers report
From his second statement we make up the following
Amount of United States stock origin
ally issu ed of the losns of 1872 lS4S,
1886, S47, 1913, including Texas debt
ami indemnity and the debt OF cor
poraie cities $79797,e16 80
Amount redeemed up to March H. '53. 7,I42, $50 "A
Redeemed from March T. 1853, to July
1885,. Sl.9f7.394 %
Total amount redee med. .......... 46 O6O 251 G3
Amount outstanding 81, 1864 80
Itwill be seen from the above table that nee Sc
cretary Guthrie has been at the head OF the Trsasu
ry Department nea'ly forty millions of the public
debt has only been paid off but, as will subse-
quently appear by his sag tcious management he has
saved to the country upwards of fourteen millions Of
doiIrs.
Statement third shows that the interest to matur-
ty this S5a 9l7, 1874 80 of loans redeemed by the
Secretary, amounts TO sl9 1899 $50 81. From thi,
must be deducted 5,35i, Sll.65 being the total
amount of premium and interest paid, which would
leave nett saving to the country, by this system
of redemption. the enormous sum of fourteen ,nH-
lions. fDrfU-fOur thousand HHRdTs1 and
dollars and thirty two cents Mr. Bigger concludes
his report as follows:
There has been change in the amount of old
funded and unfunded debit since the 9th Of Mey 1851
the date Of former statement; and the amount OF
treasury notes has been reduced but Sl700 Of the
present amount of treasury notes outstanding only
$1,000 of the acts Of ga July 1916, and 23th Jan
1917.
Upon a careful examination. we arrive with a
good deal of certainty at the fact that fifteen millions
of the United States stock is held by foregn The
amount Of transferable stock thus held is known to
be 81 500 600 and the amount of coupon bonds esti
,aated at So 500 600 At least half of the aggregate
amount Is held In France"
The New York Express says:
the amount Of money iii the course of di'burse-
ment tor interest aud dividends which commenced
and will be continued throu ihout the next week or
two, amounts 10 several millions all of which goes
that the letters per the Canada will bring large or
ders for American securities, and for the reinvest-
Iient of dividends The settlement of the diploma
tic difficulties with England and the United States
removes the only impeachment to large advance and
demand for this description of investment abroad"
The New York Journal of Commerce of Monday
evening says
'The money market opens easy, and capital is abun-
deut At 6U7 cent on first class short paper Loans
call easily obtained at per cent and little
under The Stock market little Hat at the frat
Board Erie closed Ssh and sales made later at
65i; IN other descriptions however prices fully
maintained"
BY Telegraph.
BALTIMORE MARKET, July 8.-Flour very firm at
$G.75 for old and 81 for Wheat ana Corn firm
and unchanged.
NEW YORK MARKET-Tuesddy, July - Flour and
Wheat firm and unchanged Corn unsettled. Stocks
lower. Va 6's93t
IlONNETs RIBBONS, PAiAsULs and
- FRENCH EMBROIDERY-Wil be opened, in
my large sales up stairs this morning direct