The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-04-02
PETERSBURG LETTER.
Correspondence Of the Richmond Dispatch.
THE NEUTRALITY-SUSPICIOUS. AND QUOTATIONS =
INAUGURATION OF MAYOR BURGESS.
PETERSBURG, April l, 1865

PETERSBURG, ApTN L, loto.
Tt is believed with much confidence that
the trade of this city is now assuming a
more healthy condition than it has enjoyed
for several years past-not so much, how
ever. from an increase ofabusiDeSS rs re-
stricting it within its legitimate limits.
For the first two years or more after peace
the spirit of speculation was quite ram
pant. epgendesed in all probability by the
wildness into which that disposition ran
during the war. Too many OF our men OF
capital, deluded by the high price of cot
ton. went to trading largely in that arti-
Gle. with what i'll success may be judged
from the fact that prices continued to
come down until last Christmas before
they found resting point. The amount
of money lost In cotton TRANSACTIONS was
very considerable, and the loss has been
seriously felt. These Irregularities are
now corrected, and the heathiul effect IS
BEGINNING to be felt. Merchants are buy
ing no more than they can sell, and the
stock of goods is therefore not extensive,
though sufficient to meet the probable de-
mands of the country. Some few whole
sale houses have laid in pretty large stocks,
but not beyond the limits Of prudence.
In addition to the receipts OF produce
from the surrounding country, those from
Southwestern Virginia are sepsibly on the
increase. Some of our merchants have
found ont the great value Of that portion
of the State, and have established COM
mercial relations with the people. The
finest flour that comes to this market-as
good indeed as any in the world--comes
from that region. Potatoes OF the best
quality are brought in large quantities.
a good deal of butter is also received, but
as a general thing the quality is not good,
and brings only about two-thirds OF three
fourths the price of Goshen. When the
dairvmen there shall better understand
and enter more largely into business,
our supplies both of butter and cheese
might almost take the place Of the north
ern articles.
While the receipts Of cotton have ra-
pidly diminished, those of tobacco nave
not increased as much as was expected.
The Inference to be drawn from this is
that the tobacco crop is not as large. as
had been supposed. The quality is GER
tainly inferior, and it is much 10 DC ieG IL,
the quantity will also be oencient. lliiS
seems now to be the prevailing OPINION.
From the adjacent country we learn
that the wheat is, looking well. Farmers
ore backward in their operations, not more
than half the crop of oats being yet seed
ed, which will materially delay the plant.
ing of corn.
The following quotations are believed
to be as nearly accurate as can we'll be OBJ.
tanned:
Cotton.-Market excited, with mate.
rial advance within the last few days
Ordinary, 81 to 22c. middling, % to 24c.
choice selections, Is to 26c.
Tobacco. 81 to IS; good
81 to 50; yellow, fine, So to $40; Leaf
Short, common, 81 to SO; good, $40 to $l2
working, bright, SIS to $50; fancy, $40 to
S2t. MISREPRESENTATION, $40 to SIS
good, $l5 to $40; fine, $50 to SIS. Ship
ping-Lugs, common, SIS to Sc; medium,
81 to SO; good. $40 to sl2; leaf, medium,
SIP to Sl4; good, SIS to SIS.
Fgosr.-Fine, $3.50 to $40; superflne,
SIS to $3.50 extra, $l4 to sl4.50; fam
lily, $l5 to $3.50.
Whsat.--Prime white, $3.50 to S2.75
prime red, 1926 to $3.50.
Co-n---White, SLIP to Sl.l5; mixed,
$l.O5 to Sl.Os; yellow, 81 .OS to $l.lO.
Bocon.-Yirginia hog-round, Is to &c.,;
shoulders, II to &c.; sides, IL to lie.
hams, Is to 20c.; western shoulders, "a to
'l4%c.; sides, l51a to l6c.; sugar-cured
hams, 20 TO 2lc.
Lard.-Virginia, Is to l9c. western, in
p 1aa II to &c.,; refined, in tubs, Is to
Butser:-Good country, As to Soc. COM
mon, ~ 10 35c.; Goshen, 60 to 65c.
TSn.-No rth Carolina clipped herrines
= % to $3.50; North, Carolina Gross C. 49,
81; roe, $3.50 to So. None now IN M ~. ~
ket. ~" ~ mar
Oats, Zoe. Rye, $i.65. Nauy beans "a
Psas--Stock, s rs; blackeye, So. Gyonn nd.
peas, So. Earseed, S2.25. Cioverseed So
TO $40. y
AT the regular meeting Of the Common
Council this afternoon Mr.. Burgess was
auiy installed Mayor, and made brie,
inaugural address. He said he was aware
snss the members of the Council differed
from him in politics, but he promised them
hearty cooperation in sustaining the in
terests Of the city, upholding order, and
administering justice with an even hand,
S.