The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-10-11
LETTER FROM PETERSBURG.

Trade cmarlls-PriccS.

PETERSBrKG, October 10, 1867.
A good degree oil activity prevails in
our market, though the crop OF wheat has
nearly run out, and the movement OF cot
ton can hardly be said to have begun. 1t
has been retarded somewhat by the want
OF perfect system of regulation consc-
uuent on change of revenue officials. In
a few DAVIS, however, ii is believed that the
irregularities will be adjusted, when we
may expect TO see the new crop coming III
pretty freely.
The cotton market, however, has been
exceedingly quiet for several days, the
demand being mostly from spinners.
Spectators have not begun to buy yet,
and it is thought the demand for ship
ping will not be equal to what 1t
was last season. Very few persons made
money by cotton operations, while many
lost heavily. The price having now fallen
below the twcnticS, the excitement among
operators will not bc what it was when the
price was ten or fifteen cents higher and
liuctua,ing continually. Nevertheless,
there is good reason TO believe that the re-
ccip.s will not fall short of those of the
last crop, and they may be more for 1t Is
well asccrtaiucd now that there will be
considerable increase Of production III
Virginia and North Carolina.
We have no exact data for determining
al what price cotton ceases to be rename
rative. A planter told me a few days ago
that al fifteen cents it would be more pro
iitablc than any other crop. lie must have
meant with the tax of. OF course, we
cannot oppose theory TO practical cXpe-
rcncc but there are wcll-grounded fears
that the price may rcccdc during the
season TO fifteen cents, irrespective OF the
excise. In this event, and in case the price
should permanently settle down to that
figure, the culture of this great staple
must necessarily languish, or the tax will
have to be removed. 1t is an imposition
on the country, sapping the very tounda-
tons Of its prosperity.
The ruling Of this market for the last
few days may be given as follows:
CoTToN.-Rcccipts light and very little
doing. Small sales of middliug at is to
10 cents.
TOBACCO very firm and at full prices:
LuyS.-Common, $3.50 to 81 fair, s. to
$50; good shipping, IS to 50; good work
ing, $3.50 to $40: common bright, coal
cured, $1,000 to $3.50; medium bright,
$l4 to SIG; good bright, SIS to $40; fine
bright, sd to $3l.
Lenf.-Common, $3.50 to SO; medium,
So TO SIT; good working, SO to sl7; fine,
SIS to $50; good shipping, SlI to SIG; fine
shipping, SIS to $50; medium bright, coal
cured, SIS to SIS; good bright, coal
cured, SO to $50 fine bright, coal cured,
$40 to $40; extra fancy, SO to Sl20.
WHEAT firm at $2.15 TO $3.50. A prime
article OF seed wheat has sold as high as
$500.
fLorR.-Markct steady, with an adj
vancinS tendency. Supcriine, ST to
Sll.5O; extra, $l3 TO $ll; family, So to
SIC.
Corn scarce and in demand at 81 80 to
$l.3j.
BAcoN.-Eirsinia hog round, l. to lSc.
hams and sides, ~ to zoe. western shout
oerS, lGl2 to nc. sides, Isl. to l9c.
LAkn.-W es,ern, ii to II &C.; Virginia,
Everything is perfectly quiet to day, not
case even having been Lrouyht h.C,ro
Inc Mayors Court, or an arrest made ,s
far as | have heard. 80
The Executive Committee of TN, r..
publican party have Just issued an address
TO the citizens OF Petersburg on the issues
OF the hour, which | may notice more par
'cuIarly another day. Want of time and
room Will not admir- of II nov