The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-07-20
FINANCIAL AND coMHK1cIAL.
REPORT OF THE TOBACCO MARKET.

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REPORT OF THE TOBACCO MARKET.
TOBACCO EXCHANGES, RICHMOND, July 10.
No change to note In our market. The
breaks continue large; prices fully sus-
tanned. Below we give the to-day's trans
actions. Ninety. lone hogsheads, tierces, and
boxes opened, seventy five offered at auc-
ton, bids rejected on four, seventy .one
sold as follows: hogsheads common work.
ing and shipping Jugs, from 1870 to &C; 6
hogsheads good working and shipping Tugs,
from 81 to ssL: l3 hoesheads common
working and shipping leaf, from 80 to sllh;
IL hogsheads medium working and ship
ping leaf, from sl2 to SAY; ls hogsheads
good working and shipping leaf, from sl5
to sls; 4 hogsheads good manufacturing,
from $40 to 1923; 2 boxes common manu.
featuring, l at sl2ls, at els; tierces
and boxes good to extra manufacturing, ]
at s25, 2 at s25la, l at s261ss, at $50, at
s371s, l at GAG; 2 boxes common fancy
wrapper, at s73, at ga; l6 hogsheads
and boxes sold privately prices not known.
RICHMOND, July 10, 1866.
The leading men in the financial circles
are specializing upon the prospects of war
or peace, as you choose. We mean the
leading men in the principal cities, and
principally New York. The state of the
game on the European chess-board is just
sufficiently critical to give play to the
gambling strategy Of the honorable men
who in these days control the financial and
monetary concerns Of this continent. AT
present the Bulls have little the advan-
tage, because they play upon the fears of
men, never stronger than when money is
concerned, and stronger in no class of men
than moneyed men. We may look for much
restiveness in the gold market until the
European question resolves itself into
more tangible shape.
The new attitude of affairs caused by
Louis Napoleon's taking possession Of We
META, and his message to Italy to withdraw
from that territory on pain of becoming the
enemy of France, or France becoming her
enemy, adds much interest to the "situa-
ton" We anticipate, however, that this
but renders more certain the early estab-
lishmcnt of peace. Events are rolling on
rapidly, and whatever the spectators do,
let them do quickly. We imagine their
opportunities will not be extended over a
great deal of time.
Money in New York continues uncom-
monty abundant. Call loans were easy at
four to five per cent, and national bank
notes were loaned, few days, without
interest, and on time at two to three per
cent. per annum, to be returned in green
backs. This shows a little fcvcrishncss
about those banks.
Indeed, money is plenty everywhere at
the North. 1t is only in the South that it
is scarce and hard toget. Independent of
that fatal legislation in Congress which re-
cogniscs the South only as a people to be
taxed, we have little as yet to bring money
into the market. or our limited resources,
much has been taken from us to pay the
land tax levied in 1861, and reserved until
after the war to add to our hardships and
troubles. We had resource which might
have been employed to our great benefit,
viz: our surplus lands and the water
power and mineral lands of the State.
Congress keeping us out of the Union, and
leaving our status so completely in doubt,
capitalists would not invest, and this pro-
perty is idle. Thus we have no immediate
source of revenue and our people suffer
not at all from that plethora apparent at
the North; yet Congress continues to pre-
pare burthcns for us, of which the tax OF
three cents per pound on cotton is the
latest specimen.
Government bonds continue firm. En-
change is firm, like gold, being stitlened by
the uncertainty of European affairs.
In the city, the quotations of gold are
lisGl5O, buying and selling; silver, 1873
Gl42, buying and selling. We quote
stocks as follows: Virginia registered
bonds, new, $3.50; old, $4OL5. Coupons,
new, S39@s4O; old, s66. Richmond city
bonds, s7SGa79. Virginia and Tennessee
railroad, s55gs5715. Virginia Central
railroad, s62 1858. Richmond and Dan
vile railroad, 1928. North Carolina
bonds, old, Ss3GSs4; new, $50.
In NewYork to-day, gold opened at 1901 /,
rose to 1907, and closed at 1898.
RICHMOND MARKETS.