The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-05-22
FINANCIAL AND CoMMERCIAI.
RICHMOND, May ri, 1866

anu SttnnE iat1bs oh'1if AEV@lSUs w V
quote State registered six per cents al
s42 so; coupons, s6s; Richmond City bonds
s73@s75 Virginia and Tennessee Railroad
500; Virginia Central, $50; Richmond and
Danville, $50.
NEW YORK.
To-day is an exciting day in New York
The last foreign news per steamer Cuba,
with dates to the 18th May, caused quite a
stir in financial circles. The decline in
United States stocks and in cotton In
England produced some alarm, and gold
which opened at 1905, advanced before
closing to 1325a-the most considerable
rise that has taken place for some time.
The following Geographic dispatch is all
that we have, but shows to some extent the
feyerishness which this news has occa-
stoned:
/, New YORK, May 2l.-Cotton buoyant
sales, 5000 bales at 3s@40c. Flour dull
and lOc. lower; Southern, SO. 60GSl6.75
Wheat quiet, but, under western accounts,
advanced 3G5c. Corn active and advanced
lc. Pork dull at $30.25. Whisky dull at
2.26as2.27. Sugar steady. Naval stores
quiet. Turpentine, Csc. @sl. Rosin, $3.50
@al5. Gold closed at sl.32, owing to the
news by the Cuba. The previous quota
ton was 81 .3Ot4.
Saturday last, the money market of Wall
street was firm, but the supply of capital
was in excess at ) per cent. on call tol
mixed collaterals, and 46413 on Govern,
mcnts. The slight hardening of money
rates then perccptible was attributable to
the absorption of currency by Government
in payment for the gold sold on its account
during the week, amounting to near eight
millions of dollars. The regular discount
line was easy, and first-class commercial
paper stood at sac per cent.
The New York Times, in an article
quoted by us in the last Dispatch, dis.
couraged the idea of any embarrassment
in this country from drain Of gold, as We
could well spare enough to supply the
drain without injury to ourselves, and Will
the advantage of giving ease to the EngliSl
market and restoring quiet that would
react bcneficially upon our own finances
The Herald, per contra, ccnsures the
Government for supplying so readily this
drain by throwing its own gold into tho
market to keep down prices at 100. The
Herald says that in this way
ats supply would soon be so far cx.
hausted that it would lose control Of the
market, and spectators would he ready
to take all the Government had to sell
They would at the same time be aided by
that distrust of higher premium which
would seize upon importers and Others
having occasion to buy gold and hence
the premium would rise all the higher il
consequence of the Government having
exhausted its supply. By keeping the price
so low, in the face OF the large demand tol
shipment, the treasury puts premium
upon its export for the foreign bankers
are not slow to buy and ship it with view
to drawing against it at higher figures
Unless, therefore, the foreign news should
take more favorable turn as affecting ON
exchanges, the Government is likely t
find that it made mistake in commencing
thus early to assume control of the market
Had the treasury not done so, the export o
specie this week would probably have beer
much smaller"
The news to-day rather encourages the
HerahPS view. The price of 1872 , for golt
would argue that the Government had re
tired from the field.
Three thousand Virginia G's sold in New
York Saturday at $685..
The Herald gives the following bric
general view of the New York market OF
! Saturday:
Business was very moderate yesterday
but the markets were quite generally buoy
ant and firm, particularly SO for Saturday
! Imported merchandise was held firm under
the buoyancy in the gold market, and IL
some cases an advance was asked. DomeS-
tic produce was irregular. Cotton wa'
| firm and in good demand. Groceries were
quiet, but steady. Dry goods were quiet
and heavy"
BALTIMORE.
BALTIMORE, May Il. Flour dull. Wheat
firm. Corn active and 1@2c. higher. Pro
visions and oats firm. Lard, 2l@22c
Whisky firm; stock light.
RICHMOND, May q, 1866.
We give below the general quotations o
this city at wholesale:
ALcoHoL-s5@s5 IS y gallon.
BAcoY.-Sdes, lsi@lsc. hams, new, 22@2oc
! ll,,., ola
! l5tc ; Virginia hog round, l7@lsc.
BUTrER-Fair to prime, 3o@4Oc. u Il.
BRASDY-French, $loGSl3; apple, $3.50; Phila
delphia 81 .4o@S2.75.
! BgEswAx.-In fair demand at 35c u D..
| CoRS.-s5c 6Sl. Very little in the market
CORN MEAL-Bolted, at 81; unbolted country
! ground meal, 05c.
CHRRsE.-Northern and Western, 2aG9Ic. Eng
lish dairy, 2503Oc.
COFFgE.-Rio, 2lG2ec. Laguayra, 2'aS2c'
Java, 4o@l2c. a. h.
! CAYDLRs.-Adamantine light weight, nc; tul
weight 2l@25c. tallow, ltGlsc.; parahne, Sc.
! CIDRR.--Apple, $50 ioc u gallon
CHERRIEs.-Seeded, 25D3Oc. II b.
| CONCENTRATED LYE.-s3 u case OF dozen.
CoCHINEAL.-Sl.4 oISl.5o u Ii.
CoTToy.-There is but little cotton sold In ken
mond. 1t may now be quoted nominally at SOc
/ Virginia loose lots, 2O@22c.
CoTToY CARDs.-$l2HSl5 q Dozen
CoTToy YARSs.-FrOm No. to No. IL, $3.50
| from No. II to No IT, 80.
| DRUGS AND DYE STUPFs.-Alum, &c; copperas
&c; madder lec.; indigo, $3.50; extract logwood
Is; sup carb. soda, loc.; blue stone, lsc.
DRY GooDs.-Prices for dry goods remain un
al