The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-06-07
Financial and Commercial.


y,rsins. SKIES sold At the morning and the even
Ing Boards Of Brokers In New York on THURSDAY,
.,e4,. an advance cf from "Wednesday. Our
,.levraphie dispatches Of yesterday did not quote
them ct all
Thursday night and yesterday we had abundant
rains falling in admirable style. and the whole
l.v Yesterday was cloudy, affording the farmers
the anes. opportunity for setting out plants and
giving, no Doubt grand start to growing crops Of
Ill kinds,
The New York Journal Of Commerce of Thurs
d.v has the following relative to the money mar.
ket:
The market is buoyant, and money Is freely
offered, especially for loans on call We notice
that the increased supply of money now waning
investment has encouraged many sanguine per.
sons In the belief that no farther stringeney need
be expected during the current year. so iar as
this any relief for present troubles snen
fu spirit Is not out Of place; but we do not think
the promise sufficient TO warrant any great extern
sion of business by persons possessing only
ANAL capitaL Merchandise is very high abroad
compared with the current ra'e mere; ms 10 espe
ciaIlv true of dry goods fabrics and the large I'M
Sortstions still unchecked afford no reasonable
announcement of immediate Improvement The
change in our monetary system, while II tends 10
prevent those great revulsions when used 10 up
beave the foundations of commercial credit, leads
70 more frequent and rapid fluctuations in financial
affairs. We do not believe that the next six
months will prove favorable time for launching
out recklessy In business with all sail set Money
NAV be had cheaply, but if so it will be because
of q stagnation of business, rather than an evil
dence of unusual prosperity. Capitalists may pre-
fer to keep their money at interest but 1t will only
be loaned for very unexceptionable security. Inc
Stock Market is stronger, and prices geheraiiy
show An upward tendency. Foreign Exchange Is
heavy at 100 q 1893 for bills on London, ana oio4
95.1fk for Paris.
The Norfolk City Council has passed resol'''
ton sushorising the payment to the Norfolk and
Petersburg Railroad Company the $500 600 recent
" voted by that city Repayment is to be made
In four inst ailments payable in June, July, August
and September.
The first branch council of Baltimore has passed
. resolution resembling the resolution recently
passed forbiddng the loan of $4,000 of the bonds
Of the city to the North Western Virginia railroad
by the Baltimore and Ohio Railroad Company
The matter has yet to come before the second
branch. Of this loan $4,000 is required to meet
interest DUE and $780, is to be used in the con-
struction of the road to Parkersburg.
The auction sale of s2,1l5,5o0 of the Delaware
and Lackaw anna Railroad, 7per cent. bonds, was
commenced in New York, Wednesday The sales
made reached 81 237, OO0 ranging in price from so
0s3l. The purchases were chiefly made on For
eign account
Land warrants are still depressed and are selling
at IS to 95 cents, according to size The warrants
issued in May were u OLA, to satisfy which will re-
quire 1851 $50 acres of land. The whole number
of warrants issued thus far is 955 requiring al
together 16, $40, $40 acres of land.
BALTIMORE CATTLE MARKET, June 5tb.-The
offerings of Beeves at the Scales TO day reached 600
head Of which number $50 driven off for Phila-
delphs, 20 for Washington, 20 left unsold, and
the balance, 4l0 head, disposed of to Baltimore
butchers prices ranging from to So rs per 100 lbs
averaging S475 The general quality of the beeves
was olly tolersble. Hogs-The market quite
dull with fair supply on hand; sales ranging from
to 81 so per 100 lbs.
BY Telegraph.
BALTIMORE June 6th-The New York and Ralti-
more markets steady end unchanged.