The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-05-30

RIcmNoSD, May 20, 1866.
TOBACCO EXCHANGE.

TOBACCO EXCHANGE.
There we're 107 hogsheads opened to.
day, II hogsheads, 5 tierccs and boxes
offered, and 5 hogsheads and boxes taker
in. The tierces sold at ZIG, | at s25,
at s1O5, | at sG4, and at s32. The hogs
heads sold as follows: at 1926, at $3.50
3 at IS. so, 2 at 80, / at $3.50, 3 at 1915,
at "a, at 1925, | at $3.50, 8 at $3.50, 2 al
So, | at 81. 80, / at $50, at 50, at $3.50
2 at 1880, 9 at 1925, l at 800, 2 at 1926
| ut S4.25, 3 at $3.50, | at $3.50, al
1915, 2 at slO.25, | at sl3, at sll.25,
at $l2, at GIG, | at 81, at s6s, l at s95
| at $3.50, at s2s, at $50, at $3.50, 2
at sl5, at Sc, | at s25, at sl7, at $3.50
! at sll.75, at 1915, at sI1, | at 80,
at So, at slO.jo, at So, | at s7.75, at
s2O.5O.
The market was rather more brisk to.
day, and full prices were obtained.
Stocks are without change i'm this city
and gold maintains its ordinary relation to
prices in New York.
NEW YORK.
Gold opened this morning Tuesday a
1917, rose to 1884,, and closed at 1877 ID
We have no newspaper details of the con
diton of Mondays market.
The weekly statement Of the New forl
city banks Monday, as compared with the
previous week, show the following diffe
renccs Increase in loans, s2,2l9,00O; in
crease in specie, SG,l4l 900; increase il
circulation, 100000; decrease in de
posts of sS,449, 900; decrease in lega
tenders of slO, $50 900.
The New York Globe of Monday make:
the following striking remarks upon tho
pressure in England and the relation il
bears to the finances of this country.
Although the panic has subsidized in Lon.
don, the advance to twelve per cent. in the
Bank of England's rate of discount and
the experience of the past are warnings
that the number of failures is not by any
means completed. The recent heavy ship
mcnts of gold are evidence Of the :" hard
up condition OF the foreign firms and their
correspondents abroad. These foreign
firms have been enabled to buy and ship
the gold they have during the last fortnight
by selling their bills of exchange and ac-
ceptanccs for the cash of Americans. In
other words, the United States have given
their cash for the bills of European firms,
and thus have furnished Europe with the
means to buy and export American gold,
thereby assisting to postpone for time the
public DEVELOPMENT of the losses and in.
solvcncy of Europeans. The cotton snip
ped to Europe since December has beer
chiefly for foreign account, and the loSse'
by depreciation of market values since
January, which the London Times cstl
mates for Great Britain ut tl30,0O0,0 900 o.
$3.50, OOO. 900, will be cloakcd up and carried
on again for time by the suspension o
the Bank act in London, and by the ready
cash furnished by the heavy shipments d
gold from this port through the in>tru.
mentality of American cash exchanged
in New York for the bills of exchange
and a:ceptanccS Of first class foreign firms
In short, European insolvency will be con
ccalcd for time by the use OF American
capital obtained through the anonlalou,
condition of our foreign exchanges, which
are wholly in the hands of foreign firms
These foreign firms are forced to raise
money in New York, and keep their ba
lances in London instead OF New York
whenever the Bank of England chooses Il
sturn the screw" upon them. BY Thu
means the Bank of England exercises a
pleasure an influence hostile to the int
rests of the United States, and our 60
vcrnmentaI and commercial policy is par
Hceps crimi,,is in this sapping of our ma
tional interests. The movements of the
Bank of England since December hav,
been especially directed with view t.
lower the prices OF cotton and hve-twent.
bonds. Middling cotton since January ha'
been reduced from u ID. to about l3d.
and fivc-twcntv bonds from ~ To Ga, chief,
through the agency of the Bank of Eng
land.
New YORK, May 29.-Cotton quiet a
40@42c. Gold, 1919. Exchange quiet
>ixty-dayS bills, 81. Texas wool, 2o@25c
New YORK, May 29.-Wright's Circular
reports cotton quict--Salcs 800 bales a
t0042c. Receipts at all the ports lj,OOt
bales; exports from all, $4,000 bales
stock, $4,000 bales. Flour dull-com
mon lower, sales 1000 barrels; State
s7.25@sg.SO; Ohio, S9.40G5l4; Western
$7.254S9. 60; Southern, unchanged and
drooping. Wheat has declining tend
cncy, and is 2@3 cents lowcr-Salcs A., oo'
bushels new Milwaukee Club at S2.051
81 20. Corn declined lG2c.-salcs 1876 ,O0'
bushels at S3c. Beef steady. Pork hcav.
at 5000. Lard firm at l9G225ac. WhiSk.
firm at s2.26@$2.21. Sugar steady. Gold
1873.
BALTIMORE, May 29.-Flour quiet
Wheat firm. Corn dull at 92@93c.; vel
low, 9Oc. Oats steady at 74GI5c. Provl
sions firm; bulk shoulders, l4al4 lsc.; ba
con shoulders, l5c. Sugar quiet. Wits
IL, firm