The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-10-25

State Of the HIRrkct-PriceS Severe Frost
Meeting Of Merchants Opposition Line of
>tcam>hips between James River and New
York Proposed Resolutions Asking the CO.
operation of Richmond and Norfolk ENor-
bitaut Charges OF the Old Dominion Line.
PETERSBURG. October 81, l>67.
The elections may have somewhat inter-
frrrd with the trad" OF the city, but II has
been nearly rs brisk rs usual. Some weakness
has been noticed III the tobacco market for 4
few DAYS which buyers ascrib" 10 I'll" light
offerings Bur little Is now coming in. II is
a busy season with tho farmers, who are nc
lively cmploved in getting IN their wheat ana
gathering. their corn crops. Cotton is coming
III more freely In the fore part of the week
the market was rather heavy, put laForabie
news ,o.d.iy has had the effect Of rcvlviug j..
Wheat is iirmcr than IL was last week. In
corn there has been no change. lhciollowing
quotations are believed TO be- nearly accurate
C,hpa.-Prime. lie. 1t has not heen sold
Lowell ~ any time, though purchasers, yestrr-
day and the day before, held back Tor u de-
cline 1t is firm 10. day NJ this figure
T,}nccD. -No change in the rates. We conse-
uueurly quote: L,py&--Common, 81 to -; fair,
: 10 $40; good shipping, Slo 10 $ll good
working. 80 to 81; common bright coal
cured $40 to $40; medium bright coaI
cured Sli to SIC good bright coal cured, 81,
10 go: fine bright coal cured, 81 10 81
Leaf--Conmuu, =. - TO so; medium, 81 tt
$li; good WORKING, So To 81 me, SIS I" 80
good shipping, Sl4 to SlG. line shipping. 81
to go: medium bright coal cured, Tle. 10 KS
good bright coal cured. so 10 80 fin" bri:h'
coal cured, 40 10 80 extra fancy, $50 TO sl2"
WHEAT Fair to choice white, 81" To - 50
red 50 81 20 y - for fair 10 good
I03H.-S % to Sl.Hp.
This morning there was, for the first time,
4 killing frost. All tender vegetation Is
thought 10 have been nipped, though the only
crop to b. affected by it il cotton. | conSe-
qucncc of the growing state Of the plant, the
no "A hFpn
growth has been stopped they may expected to
open much more freely, and the picking TO be
Eln III earnest.
An imporiant meeting was held to day n
the Merchants Exchange by the merchants oi
Petersburg 10 devise some measures OF relief
from The cxorbitamt treShts between this city
and New York. Edmund II. Osborne, Esq,
was called 10 III" chair, and Major +. II Scott
:tpuOiutrd secretary.
Mr. Eohcr, D. Osborne stated that the IwU
lines of steamships between james river and
New York had been consolidated, ana th;it :.
very high rat" Of freight was now charged
between this city and New York II" proposed
that IN opposition line should be started, or
that some means should BE- devised To reduce
the rates He stated that Mr.. Andrew kcran
had been approached on the subject by New
York ship-owncrs, who proposed TO start IL
line of propellcrs.
The following preamble and resolutions
were unanimously adopted:
Whereas there is 4 growing injurious in.
lllcuCt rNtrict on Inc trade Oh our Guy ny lit
monopoly of all transportation OF nercllah'
disc bv the Old Dominion line of steamers
and by the eXtortionate rates OF freight u
charged on said line-therctorc
R,S0ired, That Il committee OF three, con
si~tiu. of Hl"sSrs. i. j.. Mcllwainc, +. IL
Scott and ~ NJ. Tanner, be appointed tc
make such arrangements rs Will insure 4
speedy reduction of the rates Of freight by
ihc introduction of an opposition line OF
steam, or by such other means rs they Judge
best.
HeSrlr.d That we, the merchants and ship
pcr> of Petersburg, VIII sustain such IN oppo-
SltlOu line (lt IL be necessary 10 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: and as an initiatory
step, direct that copies OF these resolutions be
forwarded by the secretary 10 the boards OF
trade Of their respective cities.
During the conversation which ensued, II
was stated by Mr.. Morris that the freight on
furniture from New York 10 this city was
nearly double the rate charged on the same
articles from Boston.