The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-05-21
YINAyCTAL AND COMMERCIAL.,S
nIcunoSn roRAcco ExCHANGE.

There were twenty-ninc hoBshcauS oi-
fercd on Saturday, one taken In, and
twenty-eight sold as follows: l at s7.25,
/ at s., at SO, 2 at s10.75, 2 at $1,000, D at
$3.50, | at sls, / at sl4.25, l at $3.50, ! at
$685., ! at $3.50, at s6.75, at $3.50,
at $50, ! at $3.50, at s4.60, at sl3,
at sls, at sl2, at $3.50.
Money matters and stocks in this city
had undergone no change on Saturday
from our Fridays report.
NEW YORK.
On Saturday, in New York, gold was
steady, remaining all day about l3016.
The Government no doubt held it at that
by meeting any demands at that price, so
that, in spite of the temporary panic occa-
stoned by large shipments of gold, there
was no advance.
New York papers of Friday represent
the money market as without change.
There was the same redundancy of money
and the same low rates Of interest from
4to 5@6 per cent, according to security
and time. Government stocks were firm,
and sales increased. Some 100000 of
gold were shipped from New York on
Saturday. Exchange on London, 100 5aG
l0934. The shipments for Europe during
the week amounted to 100000; yet the
price of gold scarcely varied one per cent.
during that time. The New York Times,
commenting on this large export of gold,
says:
"Thc present export movement IS the
first decided response to the financial trOu-
bic in London and on the Continent. 1t is
most promptly made, and with entire ease
to the country and the money market; to
the convenience of the associated banks
and United States Treasury, that furnish
the gold, and to the credit of our merchants
and bankers engaged in foreign trade and
exchanges, who lose the least possible time
in relieving the financial pressure and ext
gencies incident to the threatened war on
the other side of the Atlantic. The same
thing was done in the summer of 1859, and
if much larger scale of export of the
precious metal should be required now,
the Treasury of the United States has
wherewith to supply the demand from its
ample customs revenue now lying idle, in
actual coin, in its vaults. The gold GER
tainly could not be put to more timely
or creditablc use at present than to the
relief of the money markets OF the Old
World, with which we are in daily and in
innate commercial intercourse"
Counterfeit drafts of the National Bank
of Augusta, Ga, were in circulation in
New York. The genuine plates read,
" The National Bank of Augusta" while
the counterfeit reads, "The Augusta Ma
tional Bank" The counterfeit bears the
signature Of George NJ. Thew, cashier.
The countcrfcits do not appear to be drawn
for large sums.
Sales of Virginia sires, coupons, on Fri
day, at $GS.
NATIONAL REPOSITORIES.
1t is announced from Washington that
the House Committee on Banking will
shortly report a bill prohibiting disburSing
officers from dcpoSiting Government funds
in national banks situated in places where
there is a United States Treasurer's office,
and providing that in all other places banks
which are repositories Of public funds shall
be required to give ample security for all
such deposits lodged with them.
NEW ORLEANS MARKETS.
Photographed to New York papers.
MAY 1S.-Cotton is better and quotations
are stiff; sales to-day, 1920 bales; low
middling, 33@34c.; to-day's receipts, 2i6
bales; weeks receipts, $3.50 bales, against
5,799 last week exports of the week, 1872
bales; stock, 1000 bales. Gold, 1901 ;.
Sterling exchange, l42. New York sight
exchange. 3, n cent. premium for gold.