The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-10-25
LETTER FROM PETERSBURG.
Cor,esponiencc OF the Richmond Dispatch

State Of the Markct-prices Severe Frost
Ale ting Of Merchants Opposition Line of
>rcamshipS between James River and New
York Proposed cSolutions Asking the CO.
oprration of Richmond and Norfolk ENor-
bitaut Charges of the Old dominion Line.
PETERSBURG, October 81, 1867.
The elections may have somewhat inter
fnrcd with the trade Of III" city, but 1t has
been nearly as brisk rs usual. Some weakness
has been noticed III the tobacco market for Il
tcv days. which buyers aScrib" 10 the light
offerings But little Is now coming m IL Is
busy season with the farmers VINO arc nc,
,iv.,y employed in getting III their wheat and
gathering tnrir corn crops. Cotton II coming
in more freely In the fore part of the week
the market was rather heavy, but favorable
news today has had the effect OF reTlring -.
Wheat is tirmcr than it last week. In
corn there has been no change. The following
quotations are believed 10 bc nearly accurate:
C,Hon-Prilnc, lie. 1t has not been sold
lowef VI any time, though purchasers, yesicr-
day and the day before held back for Il de-
cline Ii is firm 10 day ut this figure.
T,Iacco.--No change in the rates. We conse-
oucn1lv quote: L,tgS--Common, 81 to 81; fair,
$ To 80; good shipping, so TO 81 good
workiu. 80 10 Sl2; common bright coa
cured, 5000 10 sll.1o: medium ofisht cen
cured. Sii 20 SIC good bright coal cured, SIS
TO go: fine bright coal cured, ~ 10 SJl
L.uf-C Common = - to 80; medium, Sl2 to
$li; good WORKING, Sl5t" ai7 line, SIS TO 80 ::
good shipping, Sl4 TO $40 fine shipping. sia
to so medium bright coal cured, Tln.to 80 :;
.ood bright coal cured, $50 10 $50 tine bright
coal cured, so to $50 extra fancy, $50 TO $40.
UA,nt-Far to choiC" white" So to $50 !;
red, 50 50 10 40 for fair 10 good
C"rn.-S 81 to $3.50.
This morning there was, for th" FIRST time
q killing frost. Al tender vegetation Is
thought 10 have been mirp"d, though the only
crop 10 be affected by it * cotton. n conSe-
quencc of the growing state OF the plant, me
~
growth has been stopped, they nayeNpected 10
open much more freely, and the picking to be-
GIN III earnest.
An important meeting was held to day At
the Merchants Exchange by the merchants OF
Petersburg 10 devise some measures OF relief
from the cxorbitant frcightS between TINS city
and New York. Edmund H. Osborne, ESQ,
was called 10 tn" chair, ami Mayor T. IL Scout
appointed secretary.
Mr. Robert D. Osborne stated that the TWO
lines of steamships between james RIVER ana
New: York had been consolidated, ana that
very high rate of freight WAS now charged
between this city aud New ! ork. III" proposed
that IN opposition line should be started, or
that some means should be devised 10 reduce
The rates He stated that MIR. Andrew Rowan
had been approached on til" subject by New
York ship-owncrs, who proposed 10 start il
line of propellerS.
The following preamble ana resolutions
were unanimously adopted
Whereas there is Il growing injurious lu-
ilucncc cXcrtcd on the trade OF our city ny the
monopoly of all transportation OF merchan-
disc by The Old dominion line OF steamers,
and by the cXtortonate rates of freight us
charged on said line--therciore
ReSoirtd That Il committee Of three, con-
si>tiny of McSSrS. X. ID. Mcllwaine, +. Ii.
Scott, and n. NJ. Tanner, be appointed TO
make such arrangements rs Will insure 4
speedy reduction OF the rates OF freight by
the introduction of an opposition line OF
steam, or by such other means rs they Judge
best.
ReSolc.1, That we, the merchants and ship
pcr> of Petersburg, VIII sustain such an oppo-
Sltiou line If ii be necessary TO introduce ~
BY our exclusive patronage ana Influence.
H.Soir.d, That we invite the cooperation OF
the merchants of Richmond and Norfolk in
the proposed scheme; aud as an inillalory
step, direct that copies of these resolutions he
forwarded by the secretary 10 the boards OF
trade of their respective cities.
During the conversation which ensued IT
WAS stated by Mr.. Morris that the freight ON
furniture from New York TO This city WAS
nearly double the rate charged on the same
articles from Boston.