The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-09-03
PETERSBURG LETTER.
Correspondence of the Richmond Dispatch.
Markets- Remarks and Quotations.
PsTERsBURe, September 2, 1863.

.@ hUfEeIS--heTfsuTtS uItt S"ot&''o"o' &
PETERSBURG, September 2, 1868.
Except in the matter Of wheat, the market
is reasonably active but the depression IN
this article within the last few days
amounting almost to PANELS something
quite unexpected. The receipts mean tune
have been heavy, and the stock Is daily ac-
cumulsting. One cause of the stagna.ion'
and perhaps the chief cause, arises from
the interruption to steady delivery conse-
ouent on the long spell Of wet weather from
the goth Of July to the middle OF August
during which prices went up TO their maxi
mum. Since then there has been great
rush to market, and the mills are filled
almost to overAowing. AS there is but little
prospect of speedy reaction, it should be
the policy of farmers now to hold their
Grain back for awhile. Every season
we sec something Of the same sort in
the history of the wheat market, but
not often such sudden collapse as
has now befalien it. According to the
opinion of experienced merchants, wheat
will rise again in the latter part OF
the fall and winter to price as high, If not
higher, than it has recently borne: but in
the mean time it will probably fall still
lower--say to two dollars and q quarter for
prime white, and other descriptions In per-
haps greater proportion. The market ID
already burdened with large quantity OF
damp and otherwise inferior grades, which
it is difficult to get off at any price. We
would earnestly impress on farmers whose
wheat is in O damp state the propriety Of
keeping it in their barns and exposing 1t,
by frequent STRINGS, to the drying infiu-
ence of the air. 1t is but little better than
giving it away to send it to market wet.
In the tobacco market there is some
what increased activity. For Jugs, prices
are well maintained, and leaf of most de-
scriptions is in fair demand. There have
been no sales of fine sun-cured or coal
cured. The last mentioned, suitable for
wrappers, would bring full prices. The
manufacturing interest, however, is much
embarrassed; and the late regulations, II
strictly enforced, cannot fail to be followed
by disastrous results. AS the case now
stands, the manufacturer has to pay the tax
of thirty-two cents pound on every
package before it can pass out OF his
door. Heretofore it could be placed in
bond, the tax payable when the ar
ticle was taken out and sold. To carry
on the business under the present restrlc-
tions will require capital greater than
any southern manufacturer has at his dis
posal, for the duty alone on the work of
tirst-class factory, turning out 5000 pounds
a day, will be about 10000 week. I'm
less some relief is obtained, the consequence
will be that this important interest will
take wings and fly away to the northern
- In IS
house rent, and three times that of hand
hire, they manage to dispose of the products
Of their factories at less price than can
be afforded by the Virginia manufacturer.
Flour has not yet declined in proportion
to wheat. Sales have been daily made at
our figures, but the market is hardly as
firm rs it was.
We submit the annexed quotations
Iobacco.-Lugs, from $3.50 to $40 so !
common leaf, ST TO $ii.oo; mlddllng to
fair, slz 10 Sl3; and good to prime, Sl4 to
SIT.
Cotton.-Not much doing, and the demand
is mostly for good to prime lots We quote
good, 2S to 2SL,c.; prime, 29c.; choice Sc
lections, 291ac.
eat.-Prime white, $3.50 to $2.55 :;
prime red, $3.50 to $2.35 ordinary, Sl.75
to 81.
Flow.-Finc, $1,000 to sll; superfne,
sl2 to 1925 extra, sl3 to sI3.25 family,
$l4 to Sl425.
Corn.-White, sl.25 to sl.28 mixed,
sl.22; yellow, SIPS.
Bacon.-Virginia hog-round, 20 to 2lc. !;
shoulders, Ii to l1c.; sides, 20 to 2lc. !;
hams, 22 to 25c. Western shoulders, 1872
to &c.,; sides, ISL to &c.; sugar-cured
hams, % to 23c.
Esh.-North Carolina behring's, $1,000
to Sill; gross, $3.50 to SO; roe, $1,000 to
Sill; half barrel roe, S. to Sc eastern
gross, 1925; trimmed, $3.50; Labrador,
1915.
Lard.-Virginia, 20 to &c; western, IN
barrels, l9c. refined, in tubs, lSc.
Butter.-Good country, rs to 3Oc.; COM
mon, % to 25c. Goshen, ~ to 4oc.
Neul.-Sl.3O to 81 40.
OatS.-55 to 60c.
Rye.-S1.30 to $l.35.
Many BeanS.-S3.
PeaS.-Stock, 81; black-cye, s2.25.
Ground PeoS.-$3. ...
Fla.rsesd.-s2.3 to $2.35. -.
Potatoes.-lrish, $3.50 per barrel.
Hides.-Dry, Is to l6c.; green, Toto lie.
Dried Ftuit.-Apples, to &c.; peaches,
u to l2c. berries, s to l0c.
The first bale of new cotton, from Wilson,
n. c., arrived here to-day by express. Its
quality was prime middling. S.