The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-01-09

There l. nothing new touching commercial mat.
tcrs sine" last Prices but slightly changed
and there is little business doing beyond the orli.
nary retail trade.
Gold has been steadily declining since our last.
and was quoted yesterday. In New York, at 1877
In this city the rates were lio buying liz sell
ing. Money H. still very scarce and there has been
no sign Of relaxation. Ina few weeks after the
settlement Of annual bills (as FIR ~ they can be
srulcdJ there must b. little more ease. But
money must continue scarce for many months yet.
The heavy expenditures for new buildings will,
until this city Is fairly rebuilt, occasion great
drain on the capital for commercial purposes
which, itself, cannot BE- abundant until labor l.
more settled and the products Of agriculture are
made available in trade.
Yesterday the Legislature Of Virginia, or, rather,
the House Of Delegates, rejected, upon its second
reading, bill authorising the conversion OF regis
tered stock Of the State Of Virginia into coupon
bonds i had been supposed that the Legislature
would, with something like unanimity, accord this
privilege 10 the holders Of the State bonds; and
there j., therefore. little surprise felt ut the fate
OF the bill. W. cannot see the objection 10 grant
INK the privilege The coupons sell at some thirty
per ceutum higher prices than the registered bonds
and to deny the holders Of the latter the privilege
OF changing the latter into the former is great
hardship upon them. 1t cannot, in fairness
be done. The holders Of the two kinds Of bonds
are equally creditors of the State, and the
state cannot Justly discriminate in favor OF the one
and against the other. Besides, the State loses
nothing by the change. II may gain Immensely,
II has already done, by the loss lat seal Of c0u-
pons which it never would renew, for there no
satisfactory mode OF arriving at the proper proof
necessary 10 u reissue or 10 the paymentof the
lost bonds. II never made and never can mako, by
the loss OF registered bonds. Some old-fashioned
gentlemen are horrhed at the idea OF the credit Of
the State being hawked "bout In wall street
, horror Of being in debt is natural and commenda-
bic but when one i in debt, lie cannot BE-, or
should not be, n chooser 70 thu urc the creditor
make of the promise 10 pay held by him Further
more. land which 10 importantly If hawking in
Wall street benefits the credit of the State by
thirty per cent, as compared with lis standing
through sales 81 the registered bonds rot 50
allowed 10 be hawked, should think ii deci-
dedly her best policy 10 submit 10 hawking. Every
member of the Legislature should favor the hawk
/ ing. These are the simple facts In the case, 10
/ guide the legislator, and We really do not see
how there should he two opinions on the subject
The movements in respect 10 the Usury and Stay
Laws remain, as vet, without decisive action We
have some apprehension touching the action OF the
Legislature OH the former W. trust II may not be
well founded We fear that there may be what Is
called 4 maximum limit 10 interest in the contract.
that are 70 he permitted Ii maximum y incor-
poratrd in the bill, the probability j. that that
ma xnnum will become the rule, and all udnsac-
tons will be regulated by il. Thus will the h"r-
rover still be prcjudiced i 1t not possible forth
w.maEcrs 10 spare him: Under mistaken idea
of the way in which to benefit him, the laws about
money lending have invariably embarrassed and
/ oppressed him Leave him and the lendcrto man
age their own contracts, aud Lo will he better off
than he ever has been.
There is 10 be q public meeting this evening Of
tenants, to consider the question Of high rents
We have always doubted The efficacy OF public
meetings ~ II means Of correcting grievance OF
I this kind Ia this way We appreAend there will
be no great Influence cXertCd upon landlords
They require the more positive and imperative
dictun Of commerce couvulsion-a wide
spread embarrassment. and the failure Of tenants
10 pay their rents This will present IL them the
case in its true lia,ht-whether an empty house Is
better than one occupied a. reasonable rent
This view Of the subject viii, in due time, he pre-
sented Nevertheless, a. the meeting Is 10 take
place, ii it does some good. all the better,
We present below a statement OF the condition Of
leading articles leaving the fuller report for Fri
day next:
TOBACCO. Market steady: good tobacco in
demand. Receipts light We quote common
I@E iS4s good SSS3 IT, 3 S n1 o shP
ping. S250S3O; good stems, -. 5oQ*t. Manu-
featured tohacco, fancy brands, oId tIdS Pi!a r,
very best pounds, .*l..25a*l; 30 new TAX paid
pounds tax raid s,50uS6o; fine old pounds
ttax paid, S!j1@do; medium old pounds QaX
paid, $25I$iO; sweet old half pounds tax paid,
S6O3$so sweet old tens tax paid, S60GS10 r cwt
WHgAT.--We quote SlQ =. 50; the former w
/ inferior. There is little coming in and the crop
having been almost uupreccdcntcdly had tbs year
the proportion al good Is extremely small. The bet
ter qualities rang" from S2.25TS2.5o: ~
C0RN.-We quote SO@ s5c for white Little al
irving. .-
/ FLorR-Virginaf family, nominal. none in mar
kct,) Sl3M I'll do. extra, Sl9.75n Sl2: snperhnel
80 50G H. 80 The following are the quotations Of
than the above, owing to the preference given to
! the Richmond inspection: Northern superhne
50 5odi&IV; extra, $lo.75 family, $40. .
BAcoN.-Sides, 2!G2Csc. hams, new, 244 zoe. /;
| WHIsKY.-Common, 81 lolI$?.l5 pure rye, -. 10
! ass. 20 fine brands higher.
| CuTTuS. Very little arriving. few sales al
I6c.; sales Of Virginia in loose lots At doc
/ WooL.-There has been q decline since our last
We quote unwashcd At SOlL35c per pound washed,
| rrLE-The supply Of cattle continue limited,
! with brisk demand. Sales ut 80 10 - u cwt. on
/ the hoof for ordinary 10 fine cattle. 800
Hoes Stock light. Demand good. Sales OF live
! hogs at $40 net. ,, -. A..
! hoof al 30 10 IS u cwt. gross. FINE sheep
| are scarce and extra quality would bring shade
3T MARKET, By RETAIL, we have the following
quotations BET ~ TO 25c. u II; Pork, 70 10 2'e
/ M,tttOn, Is 10 "Oc.
MARINE INTELLIGENCE.
! MINIATURE ALMANAC--JASUARY 8, 1853.
! Spn rises,,.,... IL Moon rises, morn II %