The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-05-18
FINANCIAL AND COMMEsCIAL.
THURSDAY, May n, 1866.

departments 10 Dut SaSAS"syf~
There has been hardly any change for
weeks. The dullness of trade and scarcity
of money continue "unabated." Indced'
under the most favorable aspects we can
hardly see how we could avoid being
pressed for money. So large part OF the
city Is to be rebuilt, and that requires so
vast a sum Of money, which must, of course,
be withdrawn from commerce, that under
no circumstances could tightening of the
money screws be avoided. Patience and
perseverance will finally bring us through,
however, and then, from the sharp disci-
pune IN the school of adversely which our
people will have undergone, they will be
mature and ripe for most active and sue
cessful career in trade. After what they
endure now, if this community cannot dis
play all the virtues that secure commercial
thrift and increase, then we should lose
faith in the beautiful moral law which Gle
Yates man to an equality with the exigcn-
cics which surround him.
Rents have greatly reccdcd, but arc still
excessive. The general standard of ex-
pcnsc in business, although somewhat
lowered, is also much above what the trade
and profits warrant. There is little thrift
here in any occupation. People are living
and enduring in hope of the futurc-which
hope can have no realization until the
farmer can gather two or more good crops
and put them in market. The true and
only reliable wealth is the result of his
labor and those of the miner. These are
created wealth, and give some solidity to
the trade and thrift of the country. All
else is illusory. The products of the mines
and the farms are added wealth, and afford
real profit to the community.
Impoverished as is a large part Of the
south-robbed of all that was valuable
money, watches, plate, jewelry, furniture,
horses, cattle, everything-it has only to
wait patiently till something can be made
out of the lands, which alone are left. Yet
patience and perseverance will tri-
umph even over such desolation and ruin,
and make the land again to smile and bios
som as the rose. Never had people so
great need of these virtues, and we are
sure never were people more fully in
possession of them.
The wheat crop is beyond all doubt to
be a small one. In the best wheat-grow
ing districts, the highest yield will not
exceed half crop. This comes heavily
upon us but the tobacco crop is cultiva-
ted very extensively, and will help to make
up the deficit in the yield of wheat. We
may hope for a good corn crop; about which
we can, however, form no opinion now.
The season has been favorable for grass,
which is some consolation.
The quotat ion of gold in this city to-day
was l2S@13O buying and selling. Silver,
l2O@l22. We quote Virginia registered
stocks, s421a; Coupons, sG7l3; Richmond
City bonds, S721s; Richmond and Danville
Railroad, $50; Virginia and Tennessee, $50
Virginia Central, s6715; North Carolina
$685..
NEW YORK MARKETS.
The gold market to-day is without ma
tcrial change; it closed at 1873.
Money is still superabundant in New
York. and continues to flow into the grea
maclStrom from all quarters. Loans wer'
freely made at 4 to per cent. Govern
mcnt stocks were firm. Exchange on Lon
don on Tuesday was quoted at $lO93s t
$lO93,. Sales of Virginia coupons at SOS
The following telegram of to-day give
the general markets of New York:
New YORK, May l7.-F'lour has declined
lOGl5c.; southern, sl0.656SlG.75. Whca
has declined2@3c. Corn dull at S0GS2 &c.
yellow southern, s5c. Beefstcady. POrl
firm: mess, s3O@3O.50. Lard firm at l9e
221sc. Sugar dull. Naval stores qniet
Cotton firm-salcs 200 bales at 35G36c
Gold, 1297s.
New YORK HAT TRADE.-At Prentice
sale on Tuesday-terms, cash in scvel
days-the prices were as follows: Woo
hats, mems plain, s5.25@sl3; mems fancy
$7.75@sl3.75; youths fancy, .s4.75as9
boys plain, a3.75@S7.75; children's fame.
and plain, $3.75@s4.75; cashmere hats
mems fancy, s2lGs24; mems plain, 1892
Gs27; black beaver and belly nutria, 1855
@s4O.50.
CATTLE MARKET.-On Tuesday, in Ne,
York, the cattle market was firmer undo
a good demand and moderate receipts, an
prices were from = to lc. per pound higher
varying from 13 to 1sc., with some very fai
offerings at the downtown yards as low a
lie. The bulk of the offerings sold at tror
| II to Tic.
BALTIMORE MARKETS.
BALTIMORE, May H.-Flour very dull
Wheat dull. Corn firm: white, s5@S6c.
yellow, s3@s4c. Oats, 62@63c. Provision
dull. Sugar steady. Whisky dull: Penn
sylvania, 1925; Western, s2.26ia.
RICHMOND MARKETS.
Below we give the wholesale quotations
with the remark that there is little altera
ton in any branch of business:
Acknowledges IS q gallon.
| BAcoS.-Sides, 1sGllsac. hams, new, 22@2ac.
old, ?c@2lc ; shoulders, old, ls@l5ic. new, Isl
l5tc Virginia hog round, l7nlsc.
| BUrTRR-Fair to prime, 4oQ45c. v b.
| BsASpY.-French, slo@Sl3; apple, $3.50; Phils
delphia, o.. 4o@$27s.
| BggswAx.-In fair demand at 3ec. q b.