The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-07-02
PETERSBURG LETTER.
Correspondence of the Richmond Dispatch.
Mrkets-Remarks md Quotations.
PETERSBURG, July l, 1868.

IElERSbll Nr, i '''''
After slight depression III the TOBACCO
market, better feeling has been mani
tested within day or two past, and prices
of certain descriptions, particularly OF
shipping, have advanced about dollar.
1t is to be remarked Of the crop this year
that very little of the finer grades has been
rcccived-a smaller proportion than has
been witnessed for many years. Manufac-
turers have been looking forward to June
for that portion of the crop best adapted to
fine work, but the result has not justified
their expectations. The fact Ii that tobacco,
like all other articles of produce, has been
hurried to market at an earlier period of the
season than usual, the receipts since the LIST
of October last being 800 hogsheads in
excess of the receipts for the corresponding
time last year. In like proportion have
been the receipts at other markets. Ii the
general opinion is correct, that the bulk OF
the present crop is not so large as the pre-
ceding, it would appear that something like
four-ffths Of the whole has already been
delivered. The pts at this market for
the year ending the lst of October last
were n little the rise of 10000 hogsheads.
Since the lst of October, and up to the lSt
of July, the inspections amount to $500
honsheads. Now, if we add onetifth to this,
we shall have about 1900 hogsheads the
aggregate receipts Of the present tobacco
wear at this port, being u falling off Of
about 900 hogsheads compared with the
previous year.
Several lots of new wheat have come to
market. ali in fine order and of good quality.
Sales have been made mt $3.50 for white :
but as the object Of the millcrs was to run
"A little new flour into market, these figures
arc no certain Indication Of future prices.
Bv the 10th or 18th Of the month it is
Thought the supply will be sufficient 10 set
all the mills in motion. 1t is perhaps safe
to predict that prime white will be worth
$50 unsil such time in autumn as the
northwestern crop begins to come forward
After that, the price may -.}Ag eg sSPectcd to
recede to $50 .glH!44 Very possibly, if not
probably, tqGSs2. We would therefore adj
wise onF farmers TO send in their crops at the
earliest moment, while southern wheat, on
account of the difference Of season, has the
advantage over northern wheat.
The 1st Of January and lst of July are
the usual times for forming or dissolring
mercantile connections. We hnve few
announcements of dissolution Tins morning,
but none to affect the credit of any house.
Some of our prominent firms have had bust
ness relations with southern houses in New
York, and the changes amount to but little
more than discontinuance Of such rela
tions.
The following quotations have been care
fully prepared:
Cotion.-Ordinary q to 2Gc,; middling,
81 to 2Sc. choice selections SOC. Stock
on hand nearly exhausted, and receipts
very light.
Iobacco.-Lugs-Low, Sc to $3.50; good,
SIS to So yellow, fine, $50 to $50. Leaf
Short, common, $40 to $3.50 good, So to
SIS; working, bright, ST. to $50; fancy,
$50 to s75; wrappers, common, $40 to So;
good, $l2 to SIS; fine, $50 to $50. Ship
ping-Lugs, common, $3.50 to SIS; medium,
$3.50 to $50; good, $3.50 to SID leaf,
medium, $l5 to $l7; good, SIT to SIS.
Flor.-Fine, so to $l0.50; superfnc,
$3.50 to Sl3; extra, Sl4 to $l4.5O; faml-
Il. none.
Wheat-Prime white (new CROP, $3.50;
prime red, $3.50.
Corm.--White, 81 20 to sl,221Ss; mixed,
Sis; yellow, $l.lS.
Bacon.-Nirginia hog-round, 20c.; Shout
ders, l7c.; sides, Zoe. hams, &c: western
shoulders, 1919 to l6c. sides, lie to &c.,;
sugar-cured hams, 22c.
IL North Carolina clipped herrings,
$1,000 to Sill; gross, $3.50; roe, $1,000;
roc in half barrels, $3.50 to Sc.
Lard.-Virginia, 23c.; western, in bar
rels, 20 to 2lc. refined, in tubs, % to 23c.
Potatoes. -lrish, 81 sweet, none.
Buter.-Good country, 25c.; common,
Zoe; Goshen, SOC. 5.