The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-10-02

We mike no report OF the Richmond mar.
kets this morning, as there has been no bust.
ness doing since our last and no change what.
ever in quotations. A great deal Of rain has
fallen In the last four days, and the weather
has been occasionally stormy. On Saturday
there was very severe storm on the coast
THE COTTON CROP.
The monthly report from the Agricultural
Department at Washington for the month Of
September essays to make q fine exhibit for
The United States In the cotton line It as.
scrts that |" this country hns assumed its an.
propriate leading position In furnishing the
cotton supply Of European manufac tories"
The receipts In Great Britain In seven mon tbs
Of oil $3.50 bales Of American cotton Is refer.
red to rs the basis for this assertion-that
amount being in excess Of the import from In
dia, aud almost equal 10 the receipts from all
other parts Of the cotton making world. The
export of cotton for seven months is no
indication of the recuperated productive
energies Of the South. 1t was part of the
accumulation of the four years of war.
This years production will speak for itself,
and, from what we hear from gentlemen from
the cotton growing districts of the South, will
by no means equal the now diminished caIcu-
partment puts it down at 100000 bales-too
large by great deal, as will be seen in due
time In short, the calculations of New Eng.
land will be disappointed. That virtuous and
self denying part of the world, through cor
rupt Congress, had fixed nice speculation In
taxing the producer of cotton three cents per
pound, and pocketing that three cents them
selves by means Of drawback Upon all they ex-
ported after manufacturing 1t. They will be
disappointed in the crop and we are glad to
hear that some of the Gulf States are going
considerably into the manufacture Of cotton,
with view of getting q little Of the draw
back themselves.
An interesting statement with reference to
cotton is taken from letter from member
of the House Of Earrings, viz: That the
scarcity Of cotton during the war so stimulated
production in India. Egypt, and Brazil, that
their stocks may be said 10 suffice for the snip
ply of English manufacturers. Therefore the
| fluctuations in the prospect of the American
cotton crop have scarcely an appreciable ef'
feet In the English market.
The gold market of New York opened this
Monday morning ut 146, fell to l4j's, and
closed ut l47, showing that the bulls have tho
better of strife just now.
Money matters in New York steady. More
| for lending than is wanted Rates of interest
| from } to ! per cent.
6,NN Virginia e. sold in New York on Satur
day at 6SA; 1900 Virginia 6's, 80; ex-coupont
| at al.
EXCHANGE OF rIvE-TwESTY BONDS.
The f1ve-twenty bonds having reached thu
limit of $500 NO0, 900 intended to be issued with
interest, payable In May and November
| hereafter all five-twenties issued in exchange
for seven thirty notes and other securities viii
| bear interest from July /, 1866.
| INTERNAL REVENUE.
The receipts from this source on Saturday
| last amounted to 1920, lbs. 40, and for thu
quarter ending September 20, sos, s37, l62.S5.
| uScoSsrITuTIoSALITYo OF LEGAL TENDER NOTES
In the Circuit Court of Baltimore on Satur
day, in the case Of Hugh Gelsten agains
| Mary Ann Frazier and others, Judge Alex
ander filed n lengthy opinion, deciding tina
the treasury notes Of the United States known
| rs /" legal tenders " were issued in violation O.
| the Constitution. The court says: 81 am
opinion that the Iegal-tender clause of the &C
| of Congress referred to is demonstrations
and void" An appeal was taken from TIT
decision of the court to the Court of Appeals. -
| Sun.
| COUNTERFEIT MONEY.
500 counterfcits on the Central Nationa
Bank of New York have just been put II
circulation in Philadelphia. In the words
=. main tain it, OH the right of the Goddess
| Liberty, an 81" is inserted for st" II
| "nlain tain The faces Of the signers OF tn
J,ecla RI ton of Independence on the back o
the note are very indistinct.