The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-09-10
rrNANc1AL AND COMMERCIAL

The New York Journal of Commerce Of Tuesday
afternoon says:
There is an active demand for money, ami the
hanks and notebook pressed by borrowers AT
full rates of interest The rates Tor prime business
paper are better established with less irregulary
and private capitalists are making handsome inter
est out of their Investments Most Of the banks to-
day continued their contraction and soino % these
institutions nearly everything offered was thrown
Messrs Coffin Haydock. auctonesrs. suspended
payments yesterday.
Lv. Kirby & Co., an extensive jobbing house of
long standing In New York, suspended Tuesday
The liabilities are half million dollars and the
sets seven hundred thousand dollars. The failure Is
believed to be only temporary.
The notes of the Ontario County Bank and Bank If
Orleans were thrown out Of the banks in New York,
Tuesday afternoon. The bills of the former are
cured, and the latter only partially There was more
Wednesday last. There is general feeling Of unea
siness, arising from the severity Of the pressure
init to during the last three weeks.
The Tribune says:
The Weekly Bank Statement is disappointment
to the street in the extent OF tire specie reserve the
average Of which, 1t was generally anticipated.
would stand at very nearly $ll,W0.00. 1t is eonce
ded that the actual amount in Bank j. over $2,U0,
GEO. but the average has been reduced By the late
rage Increase of the line IL S900 In the loans the
sharp contraction has continued. showing dminu-
ton OF 81 900, and nearly S,Nto0 in two weeks.
large portion of the contraction has been this
| week on the discount line the call loans were
mostly unavailable. 1t is scarcely to be expected
| that our mercantile community can stand much Ion
ger such sudden reduction of bank loans withouta
large number of failures Selfpreseryaton may be
very good thing in bank but it may he carried too
far and the screws turned so hard that what Is gain
ell in safety may be lost i'll assets. The great error
in this ease is that the contraction in loans which
should have been extended over two months has been
| condensed into two weeks.
| The following is statement of the condition Of the
Banks of the city of New York, Aug. 18th and Sept
| 5th. 1857:
Loans Specie. Circln. Deposits
Aug. e..Sll6 SIS 9l9 o2iI $40 S671 900 4,Sl28s6
Sept. ST.. l2 POI 365 TO- 1865 8G73.l92 794gl 3F
Showing decrease Of loans Boz 33t
90 an increase of specie. o.5S9
80 an increase in circulation...-....... 2132
- decrease of undrawn deposits. 3,6ol i92
| RECEIPTS RY THE DANvILLE ROAD, FOR THE WEEK
| BINDING July 5TH ls5T-l901s hhds Tobacco: 81 binds
Stems; 1922 boxes Tobacco; u t02 bushels heat 20
| lbs Wool; 252 lbs Bacon: bbls Apples; % pkgs
| Bags 3 pkgs Eggs; pkgs Bottles; pkg y Fruit
| 10 pks Flaxssed pkgs Feathers pkgs g Sing; 10
| pkgs Leather: pkgs Mdse; l pkg Machinery 81
empty Bills; lbs Beeswax Carboys; g bbls FLOUR
| tons Stone; 3I2 do Coal 1850 kegs Nails.
RICHMOND MARKETS Sept. 9th.
| FLOUR is held at $50, and some small sales are
| hcina made to the trade Shippers, however. will
not give the CURE and ask for further concession.
WHRAT-We note decline of Scents in " heat,
| and quote best red and white at 81 :23C9sl1
| CORN-Rcoeipts heavy and demand limited
Prices range from rs to S22 in small lots. Larger
| lots would not bring more than 10 cents.
| NORTHERN MARKETS.
NEw YORK, Sept. s.-Plour depressed and ga 10 cts.
! lower; State $5.20(G5 3d. Ohio 1868; Southern $50
| go. Wheat heavy; White $780, Red Sl-34 Mixed
| Corn 1l(G72.
| BALTIMORE. Sept. 9-Flour dull; Superfne s. 81
| Wheat nominal-prime and fair in demand. Corn
| firm st 63Gp67 for White, and 65Gg70 for Yellow.