The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1869-03-25
Petersburg Markets.
Reported fer the Richmond Dispatch.

PETERSBURG, March "a, 1869.
Our market continues without material
change~-quiet and without animation. Money
is very scarce more so than we have known
it for some time. The late regulations con-
corning the banks have effectually put n stop
to certain kinds of transactions known to the
trade as Exiting" which, though to degree
Fictitious, vet enabled merchants In an emer-
gency to raise money without serious dilli-
Guilty AS long rs the paper was unexception-
able there could neither be harm nor danger
in passing it through the banks, and business
was certainly stimulated by the practice.
Now, however, the accommodations at bank
have to be confined strictly to business mat
tiers, and every kind Of irregularity corrected,
rs the books of the banks are subject to super
vision at any moment.
During the past week the tobacco market
has been variable-some days showing signs
of returning activity and at other times quite
depressed. To day has been one Of the un-
favorable days. The offerings were large,
but good deal was taken in because the bids
were not satisfactory. The prices OF to-day
were SOC. to 81 lower than they were two or
three days ago. Under SO unsettled q condi-
ton it is impossible to give quotations repre-
senting the general state of the market; but
on the whole we see no reason to reduce them
below the figures obtained one day with an
other. It must be admitted that the signs Of
returning animation, which we thought ap-
parent week ago, are less perceptible now.
The bulk Of the crop so far as has been re-
ceived is of low grade light, and thin the
better descriptions bring steady prices. We
think shipping would sell well if the hogs
heads are of the right weights-say from ! 300
l,4oO net. The manufacturing purposes weight
is of no importance.
The cotton market has been very quiet for q
week past, with limited transactions. There
is better feeling to-day, and we hear Of
larger number Of sales than for some days past.
Spinners are now almost the only purchasers,
the stock on hand being comparatively small,
with very light receipts. In view of some
thing like q cotton famine, the spinners are
already looking to other sources for supply,
and we hear of several lots having been re-
ceived from South Carolina.
There is an active demand for corn, and 1t is
selling very freely at our quotations It seems
to be the general opinion that it will soon ad-
| vance TO dollar, but this can hardly be the
case when we consider the quotations of other
| markets. Judging from them, it would seem
| that it is too high here already.
The price of peanuts is about the same,
| though the market may be reported weaker,
| from the fact that orders from the northern
| markets have been withdrawn for the present
| This withdrawal we can only regard as tenn.
| porary. lasting no longer than to give time for
| the stock in other places to be reduced by con-
sumption. We have no idea that prices VIII
| BIZ any lower this season. II may not be amiss
| in this connection to admonish planters to
cultivate only the large Virginia peanut
The small variety, known under the name OF
| North Carolina peanut, is in no demand
| in this market. We notice some good lots In
store, for which not more than half the price
| of a prime Virginia sample is offered.
The following quotations are believed to be
| nearly accurate:
| Csotton-Good running lots q to 27Hc, at
which price it has been stationary Tor several
days. Receipts light.
Tobacco. -Afarket rot SO active to-day, and
prices barely sustained. We quote Tugs, COM
mon to good, 81 so TO So; good to fine, 80 20 TO
| s7 so to Ss: fine, SO to SIS. No bright fancy
wrappers offering. though strictly prime ar
| ticle would bring from $40 TO $50.
| Wheat.-None. =
Corn.-Market steady ut 90c.
Flour.--Market quiet, with some cecllhe IN
| the lower grades. Fine, SO 90 10 ~, sus PEI
fine, $3.50; extra, 5000; Yalley-exua, vi
| family, Sl2 to $l2 50.
Oats.-From 65 to 6oc., according to quality
| Peanttts-We reduce our quotauons. "a
prime sample would not bring more IMAM -