The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-02-13
our pErERsnURa LETrER.
Correspondence Of the Richmond Dispatch
MARKETS REMARKS AND CHAMPIONSHIPS ls
Cop4L SUNDAY scHooLs-s. E. VA. coN'o-
PETrRspURo, February IL, 1866

SpfAl SOcDAl SShSSAo ~ -
CATION. n i
PETrRsnURG. February IL, 1868.
The pressure 10 money msttcrs 70 pe-
Eoved tn no decidedly easier than II was
eon,o ,weeks. ago. One reason, and per-
ha,s tho chief one, is that merchants are
long a safer business now than they were
last year. AT that time the rule among
them was to extend their operations to the
utmost extent their means would allow.
and the consequence was that many bad
debts we're contracted !; or If not ulti-
roately bad, the effect was to lock up their
resources for the time. Now sales are
made on the cash system, with no exces-
sive stock Of goods on hand.
The cotton market has been unusually
excited 10 the last few days, and to-day
the excitement seems to be at its height.
Large quantities have changed hands, and
the sidewalks before the doors of the COM
mission houses are SO crowded with bales
that tits difficult for foot passenger TO
get along. The street, also, is filled with
draws loaded and loading with the pre-
cious staple for shipment to other ports.
The high price OF twenty cents has
been realized to-day, which is more tnan
any one expected few weeks ago.
Whether it will 90 still higher is very
questionable, while there IS some ap-
prehension of slight reaction. But it may
be fairly assumed that it will settle down at
something like the above figure. IL Is
thought that planters can afford to grow lt
at this price, and now that 1t has reachea
that price, the market will hencefortn hot
be liable to excessive fluctuatlon. Clear-
headed merchants predicted this advance,
even when cotton was down to thirteen
cents at the beginning Of the year, and adj
yised their friends to hold back; but the
necessities Of the planters prevented them
from following this advice. The unavoid-
able consequence, therefore, has been Q
loss TO them of at least three hundred
thousand dollars, and perhaps half a MIL
lion.
Should the present advance or some
thing approximating it DE maintained TILL
spring, il will have reassuring effect on
planters, and an attempt will be made to
raise another crop. Unfortunately, how
ever. owing to the disastrous results OF the
last season, the effort will be compare
tiye]y feeble. Even if labor sufficient can
be engaged, which is more than doubtful,
there is no money to buy fertilizers with,
and their use is thought to be indispensa'
bic to.make good crop.
The receipts Of tobacco are gradually
increasing, but heavy arrivals cannot be
looked for till April and May. Compared
with other crops, tobacco is much the
most profitable now in cultivation, for il
has not borne such prices for number OF
wears. When it comes freely to market
it may be reasonably hoped that the pro-
cec6s will afford essential relief to the
business community as well as to the
planters.
After these remarks we submit the fol-
lowing quotations:
Cotton.-Since Monday the price has
been steadily advancing from ~, !oR, ana
10, I'D to 10 "a and 2Oc., which is the ruling
of the market to- day-the last-named
figure for strictly prime. 1t is understood,
however, that considerable sales have been
made at that price. The receipts last week
were liberal, being 1874 bales against 92O
the week before. Total since lst OF Sep
TENDER, ID ,615 bales, against 1857 Tor the
same time in 1S66-'67.
Tobacco.-Market very active, with ra-
Their increased offerings. The best descrip-
lions are not yet being brought forward.
Lurs, fair to good, 81 to SO; leaf, 81 to
$40: very good, $l3 to SIS. Total receipts
since October LIST, 1929 hogsheads; and
total inspections, 1923 hogsheads.
Wheut.-Very little coming in. Market
nominal at $3.50 for white and S2.40 for
red. ........
Floor.-Market steady at Sl2 to $3.50
for super6ne; Sl3 to $l4 for extra; and
SIS to SIG for family.
Bacon.-Virgiuia og-round, Is to Ice. );
western shoulders, Is to 1899; sides,
14h to l5c.
Iorn.-Market quiet, with light stock.
We quote at Sl.05 TO Sl.l0.
The following statistics respecting the
several Episcopal Sunday schools of Pc
tcrsburg may be of interest to many of
your readers:
St. PaurS.-S. D. Davies, superintend-
ent.-Teachers, &c; average attendance,
%. Scholars, lao average attendance, 95.
Grace Ch,rch.-A. w. Weddell, superin-
Observation-Disclosures, AZ; average attend
ance, 40. Scholars, 267; average attend
ance, 202.
Mission School-Dr. T. S. Beckwith,
snperintendent.-Teac %; average
attendance, Is. Scholars, no; average
attendance, so.
Mt. Erin School, Mrs. William Came
ron, superintendent Teachers, 3; ave-
rage attendance, 2. Scholars, 80 average
attendance, Is.
Grace Church Colored School.-A. W.
Weddell, Observation-Disclosures, II !;
average attendance. IL. Scholars, ia
average attendance, 6S.
Episcopal Ereedmen'S Parish Day School,.
Miss Mary Cahill, principal.-Teachers, o.
Scholars enrolled, All; average attend
ance, 299.
The southeast Virginia Convocation
meets at Grace church on wednesday
next, when the Rev. J. Il. D. Wlngheld
will nrao cb +he opening sermon. S.