The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-08-27
PETERSBURG, August Is, 1868.

PETERSBURG, August Is, 1868.
Though the system of through trelghts
between the cities of Virginia and North
Carolina has been in operation for conside-
rable time, yet very few of the Richmond
merchants appear to have availed them
selves Of this route for establishing bust
ness relations with that part of North Caro-
lima bordering upon it. The connection
through this city was made for the benefit
of every place along the whole line, and if
the road north of this point would display
the same energy in seeking for and solicit
ING freight as characterizes the manage
ment of the Petersburg road it would add
to the prosperity of both. The main route
now through which Richmond communi-
Gates with North Carolina is the Danville,
and so on to Charlotte. But the connection
is equally perfect through Petersburg to
Charlotte, besides embracing many other
portions of the State. Might not your bust
ness men advantageously look to this 7
In this connection it may be proper to
mention that the Petersburg road, under
the administration of President Collier, is
in q prosperous condition, and that its pros
perity is steadily increasing. He has
proved himself to be an active and encr-
gctic officer; and whenever the agriculture
Of our sister State shall have recovered
from it's paralysis we have no doubt his
road will be taxed to its full capacity.
Not having seen any account Of the fol-
lowing remarkable invention, venture to
describe it 10 you substantially as 1t was
related to me by an esteemed friend resi-
ding ut Portsmouth A Hebrew dry goods
merchant named Installer, living in Nor
folk, has completed type-setting machine
after nearly a years close application. The
model has been constructed at an expense
Of several hundred dollars, and he is now
awaiting the issuing Of the patent. 1t Is
worked by keys like a piano; will Gus
tity" its work without manual assistance,
and afterwards distribute the type without
the possibility of error. The ingenious in
vcntor is sanguine of its revolutioniZing
"the art preservative Of all arts" When
the patent is issued, there are capitalists IN
New York waiting to take hold of it !; a
factory will be built, and in less than six
months typesetting machines, like sewing
machines, will be offered for sale through
ont the country. Ii is singular fact that
Mr.. Umstadcr is not a practical printer,
and only had his attention drawn to the
subject by hearing an acquaintance, who is
printer, wishing a machine could be in
vented for type-setting, and another assert
ing it could not be done without investing
the machinery with "mind' to guide its
motions. He turned his attention to the
matter, and claims to have solved the diff
Guilty. Whether he has done SO Or not, q few
months will decide. 5.
MuIcets-Remurks aud Quotations-Day
Of Fasting and Prayer IN the Methodist
CiturCh-Hebreto MarrtQye al the SWd-
gOyue.
PETERSBURG, August &c, 1868.
As the interval between the spring and
fall trade has not yet expired, but little
more can be said in relation to business
matters than was contained in our last re
port. Except in some branches, the marke
exhibits little or no activity. Many Of oul
merchants are absent, some having gone tt
the springs, and others to the North for th'
purpose Of laying in their stocks Of good
for the fall season. In anticipation of /,
good fall trade it is thought the supplies
will be more extensive than for severa
years.
At this time there is more animation il
the wheat market than III any other of tn,
produce departments. The receipts durin!
the past few days have been very heavy, ant
prices have somewhat declined-more on III
feriorgrades than on wheat Of prime equality
The former are not worth as much as the,
were week ago by from fifteen to twenty
cents, and the latter by from five to sever
cents. The mills have accumulated larg
stocks, and all are now in active operation
AS long as this continues to be the case it i
not likely there will be any reaction in tn
wheat market. 1t seems to be the policy o
the millers now-not those of Petersbur!
alone, but in Richmond and elsewhere IL,
less-to lay in abundant supplies of grai1
in order to reduce the grinding season t
the narrowest limits practicable. BY thu
end of the year, therefore, at furthest, w
may suppose the whole southern crop vii
be ground up. Later in the season, how
ever, the wheat market may be expected t
rally, but in the mean time no one need bt
surprised If prime white wheat sho, id come
down to two and a half dollars, or ever
less.
In the flour market, though prices ar,
not quotably lower than they were las
week, yet there is less activity.
Corn, under the influence of heavy re
ceipts, has somewhat receded, and the mar
ket is rather dull.
The operations in tobacco are quite limit
ed, and prices have declined on all descrip
tions except those adapted to the cont
mental markets. For other varieties 0
shipping the decline has been quite mark
ed, as the season is pretty well over, an
the foreign orders have been mostly filled
The manufacturers are beginning slowl
and cautiously to work again, and as 500
as they get well under way we may expec
that grades suitable for their purposes vii
again command full prices.
With these preliminary remarks, ws sub
NIT the following quotations, as being a.
nearly accurate as can be obtained:
Io6acco.-Lugs-Low, S. to $3.50 good
$3.50 to SO; yellow, fine, So so $40. Leaf
Short common, so 10 SI2 ; good, $l3 70 $40
working, bright, $50 to $50; fancy, $50 &c
$50. MISREPRESENTATION, $3.50 TO $3.50
good, $3.50 10 So; fine, so to SIS. Ship
ping-Lugs, common, $3.50 to $3.50; me
dunn, $3.50 to $3.50; good, go to SIT