The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-05-02
FINANCIAL.

THURSDAY, May /, 1873.
The money market has been easier during the past
week, the banks supplying the wants OF their rus
TONERS At from ) 10 . per cent. for frst-clasS paper.
The enforcement, If The United States coinage act
of l.73. which went intn operation on the I'd of April.
is producing Inconvenience" and loss tn persons not
familiar with it. PROVISIONS. Onc "f our banking
house, This week lost III. q on Siob of gnl'l coin
which fell short of the legal weight. and we learn
from The collector Of this purt that considerable
sirul- have been returned to him for the same rca-
-ou. The Government not having yet furnished
the Collector with the proper scales FOR weighing
coin. he will hereafter, aui until the new scales are
received. give conditional receipts for payments
maric in his oilicc.
section Is nr tn" coinage act of 1873 provides
t,ra, gold coins which have become reduced IN
weight Tx natural abrasion not more than onc-half
Of one per rantum below the standard weight, after
a prrioi ii c;rcuiition Of twenty Years. and ii pre-
pnrti"lrrtc rate for IL less period, shall be received
=, fnrir nominal value AT the United States Trca-
siIfy ANA it, office.
For the information %; the public II may liz statc'!
that all douhl, eagles. or twcnty-1ollar pieces. which
| have mol been artiiici1Iy reduced in weight will he
found within the limit of natural abrasion allowed
,y law. The same rule will apply generally 10
,.,ulcs. or ten dollar pieces. coined since ISIS; half
eagles, or fiyr-lollar pieces, coined since $3.50: quar-
t,.t-e.tgl",, ar wo-and-l-lIalr-d"lla pieces. sine"
,.aa. Tie dpul,lc-cJg!c. or twcnty-doIlar piece.
should cnniiuuc current for fifty years from tia'c oi
,oiu:,rr: the eagle. or ten 'ollar piece. for thirty
i've wears: the iraIl-ca@ic, rr iirc-du!lar piece. f"r
twenty wears ;ir thr,t-tlollar piece and the quar-
,cr-e+ic!r. or piece. carlr fifteen
wears.
| lh,. deviation from standard weight, onc-Ilarter
| Ola grain. allowed by law in III" coinage OF the gold
dollar. exceeds the legal limit OF wear hy ltarly the
eight, of u grain. All pieces Of TIL, denomination
,uiu,,i .intt. 1850 will lie found within ile legal tole-
raurr, if not irluIuIrntIy reduced in weight. THESE
rcrinaSarc c.timat"dfu for coins when they constitute
Il p.ri Of the circulating medium, or are frequently
transferred In Tr"ilnry and customs transactions,
\ fair htlsinc,, was done in Slocks AMI bonds thu
ring III" week. cur quotations give the prices al
the close Of transactions Yesterday:
STATE BONDS
Virginia consols, cx-January coupons. 90. ..53tm53!
Within rnN, rrrcivailc coup"ns.......... s2a.e!
North Caroline Is. -
CITY BONDS.
City of Eirhmnnl -. !!
I Citv Of Richmond -. %
titv nf li"nruoId w
CITY nf l.vnrhhnrc ~
City nr l.Hnchllrg IS. .......'">..''''... w
city 81! Norfolk -
| div of Petersburg IS
| civ of Wilmington N. C.lS's. "old...."....... IS
RAILROAD BONDS.
Chesapeake and ohio first mortgage es, goddess
and interest. -
vir.iuia central Iirsi mortgage "'s....."."...ss
Virginia Central third mortgage Gs,......'."..s2
VIRGINIA Central fourth mortgage sS.............3l
Virginia Central non -nioriGagch s....-:.......:H1
richmond and Innvillc first mortgage t's....7GW77
Orange, Alexandria aIi MANASSAS ir'' mortgage -
"ramrc and Alcxardria iirs! mortgage 6,s.;......9s