The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1869-01-28
5::-g Markets.
! cportcd for the Rlchmo nd Dispatch.

PETERSBURG, January -, 1869.
The receipts of cotton for some days past
have been very heavy, though the market has
been rather unsettled. On Monday, indeed, II
was very lat, and the price for middling fell
AS low rs 26c. Bht yesterday 1t rallied some.
what and sales we're made at &c, at which
point II stands to-day, but with Increased
steadiness. Holders are firm at that price, and
iudisposed TO press on the market, while buy
ers are waiting for further developments.
We learn from quarters further south that
the unexpected high prices of the season are
likely TO give powerful impulse 10 the ex-
tension OF cotton culture throughout the cot.
ton region 1t is very natural that this should
be the case but it may be we'll TO caution
planters not 10 be SO far nisled as 10 neglect
the provision crops. 1t is always safe to have
them to tal! back upon when, in the vicissi'
tudes OF this great staple, disaster Details the
crop in the field or langour and depression
pervade the markets OF the world. There are
now 50 many countries in which cotton Is
grown that no one country, however favored
By nature can exercise Il controlling influence
in the European markets. Perhaps this has
been partially eXemplifed during the present
winter. For some time past the price has
| ruled higher in New York than the Liverpool
prices justified and the tendency now 10 Il
| nearer approximation serves TO show that such
| prices could not be permanently maintained.
Perhaps there has been some improvement
| III the tobacco market since our last report,
| bat hardly enough 10 authorize any advance
| in quotations. Certain descriptions such rs
| dark leaf for stemming and working) are in
| demand, and sell 1T fair rates. But the supply
| is very limited, while with the inferior de-
| scrlptious the market is oyer-supplied. 4
little stimulus has been given TO the trade by
| the re. opening Of three or four other fac
| tories within the last week. 1t is stated that
| they are working for foreign markets. The
great majority of them, however, viii not
resume before March. The prospects of the
manufacturer even al the present low prices
| of leaf, are not encouraging.
The stock OF corn on the market is heavy,
! and prices have rather receded than advanced.
| The pressure, however, IS likely to be light.
| ened, from the fact that large proportion OF
| our supplies from Tennessee are being turned
| into another channel down The Mississippi.
Last year Petersburg was the centre of dis.
irritation to an extensive region Of country
| which will have but little occasion TO draw
on her resources for bread during the coming
| season.
The trade In peanuts is very active, and
prices have advanced on all the better grades
about ten cents bushel. 1t is estimated by
| those who profess 10 be competent TO form 4
| judgment that tivs-eights OF the crop have
been delivered. The receipts in New York
from Virginia last week amounted 10 nearly
| 1900 bushels AS in the case Of cotton, SC
with peanuts tho production during the en-
suing year will doubtless be greatly aug
mented In fact there is nothing, at present
prices, which yields better return, II a
good And as the demand has steadily in
creased in full proportion TO the supply, 1t is
| hardly possible that the market can be over
| stocked.
Flour continues steady 1T unchanged prices
Wheat has almost ceased to be brought in.
We give the state OF the market 10 day a
follows:
Cotton. STEADY, with but few trsnsac,io