The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1869-05-06
Petersburg Markets.
@ No rtnI FAR The II L. Inn nnd Ms m oh

PETERSBURG, May 8, 1869.
The general trade OF the city has been quite
active during the past week, and particularly
within the last few days. On the whole, it Is
believed that our merchants have no reason to
complain Of the spring trade; for though it
may not be rs large in the aggregate rs for
several years past, it has in some important
respects been more satisfactory. Business is
now conducted on Il more stable basis than at
any previous time.
Cotton continues TO stand at about the same
thing, the quotations not having varied from
day to day for n week or more. The market is
quiet but firm, ut within Il small margin of
New York prices. Shipments have entirely
ceased, owing TO diminished receipts but the
stock on baud and arriving is ample for the
splnners. who are now the only purchasers.
The receipts of tobacco are increasing, and
the Exchange daily presents quite n scene OF
activity. There is some Improvement also In
the quality of the receipts, but the opinion
still prevails that, on the whole, the crop
is very inferior. On all desirable grades prices
have advanced, and we are able 10 give
more satisfactory quotations to-day than for
several months past. II were much 10 be de-
sired that the proportion Of these was larger
than it is, for the market is oyerstocked with
nondescript and inferior kinds. In view Of
the near approach of the planting season, the
truth should be impressed on the mind Of
every planter that there are only two de-
scriptions OF tobacco which will yield any
profit after rcpaying the expense OF cultiva-
ton; and these are the heavy, strong, rich
leaf, sui table for many purposes; and
the coal cured To grow the former 1t
is required that the land should be made
very rich. Instead Of putting on hundred
and fifty TO two hundred pounds of even the
best fertilizer 10 the acre, the quantity should
be five or six hundred, or even more; for
though the smaller quantity will produce per-
haps rs large leaf, the chief requisite for
rendering it saleable will be lacking, and that
is, body. BY following this plan 1t will be en-
trely practicable to concentrate on one acre
the weight of crop usually grown on two or
more acres, with the advantage of being GER
tain to get twice or three times the price. For
giving body il is believed that no prepared
manure is equal to the best superphosphates
but as the manufacturers offertilizers, both in
Petersburg and Richmond, are engaged in the
preparation of an article specially designed
for tobacco, the planter would find it to his in
terest to supply himself, ut least in part, from
those sources.
Corn has had rather 4 declining tendency
for several days, owing chiefly TO the with
drawal of the distillers from the market. 1t
appears to be understood that the business OF
distllation will be suspended in this city for
some time TO come.
The flour market is rather frmer but with
out any actual advance in price.
The supply of peanuts for seed Is ample TO
meet any probable demand, though the de-
mand is very active, owing to the large num-
Der of farmers making arrangements TO plant
this year for the first time. In the neghbor-
ing counties peanuts will take the place OF
tobacco to very considerable extent.
After careful exploration of the market
to day, the following is the result of our
labors
cotton steady at 2G TO &C; the latter for
selections.
ToJacco.-Receipts increasing and the breaks
larger. There is more activity In the market,
and for desirable grades of shipping prices
have improved. We quote Tugs, common to
fair, IS TO ii. 50; good, IS so to $3.50 poor to
common leaf, So 10 $780, fair 10 good, IS
TO SO; very good, ST. TO 5l3; fine. sl3.5o
TO sl4. Not enough doing in coal-cured wrap
pers 10 give reliable quotations.
Corn.-Market weaker at SO to S5c.-the
latter for prime white.
FIour.-Fine. IS 90 to s.; superfne, $50 !;
extra, $40 so; family sl2.
Outs.-From 60 10 Csc.
Rye.-Tery little in market, and demand
light. We quote, nominal, &l30.
Peanuts. chiefly for seed, and ac-
tive At 1925. Very superior lots may com.
mand $3.50.
Beans.--Demand mostly for seed. Good navy,
$2 TO 1926.
Peas-Stock, rs 10 SOC. biackeye, SllO to
$l20.
-,zrseed SO 10 TO 800.
MedL.-90c. 10 81.
Bdc0n.-Clear-rib sides, lSc. backbone and
rib sides, Tx TO l7Ac. shoulders, l4s. TO l5c. !;
Southwestern Virginia hog round, 17Hc !;
Southampton, 1915 10 Ice. hams, l9c.
Ldrd.-Firglnia, 81 TO &c. In barrels, 20c. !;
kegs, 22c.
Fish.-No North Carolina behring's In mar
ket, either old or new, but some OF the latter
daily expected. Eastern gross, IS 90; eastern
trimmed, $3.50 to IS. No gibbed, Sc; No.
split, So. Labrador, $3.50. Alewives, IS TO
$3.50. No. mess shad, Sll.5 to sl2; No. 2,
30.
Butter.-Coutinues scarce at 40 to 45c
BseSlodr.-SSc.
EgyS.-l9 10 zoe.
Htdes.-Green, loo. dry, 2lc.
In Sugars and Syrups we note slight de-.
cline within u few days. Common brown SUI
gar, loA 10 1oAc.: Cuba and Porto Rico, IS to
l3Ac. extra u, is to l5Ac. B, ION 10 l5Ac.
A, l6 TO l6Ac.; crushed and powdered, Tx to
lSc. Porto Rico molasses, rs TO Soc. New Or
leans, Is to SIC. /; Portland, 43 10 Acc. s,