The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-06-19
New York Tobacco Market.

Vir1inin Ledf-The sale Of manufacturing leaf
proudly on account Of the high figures now asked
for desirable bright grades. High, however, as
these are it has been ascerta ned bv actual expert
ment On the Virginia "breaks,n that lower ones
cannot at present be obtained. Not being obllg
to work ut once. buyers naturally hold on TO see
what amelsoratiou may be erected oy inc lapse
of time. The actual transactions last week were
thus confined to low grades shipping leaf for which
an incOnsiderable dem md exists. From Richmond
we hear Of charge In the recent situat ton. The
receipt. continue 10 parake largely Of n monde
script and undesirable character, but for what,
ever Of good leaf is offered high prices are asked
and obtained. With regard to prices In our own
market, IL should not be inferred that because
customers are few and far hetween, any conces-
si7ns have been made. TN me contrary, dor me
taiued. The market may thus be quoted as dell,
but firm presenting quite contrast 10 the recent
unfortunate course of western leaf. This cnndi,
ton of things cannot, however. be prolonged
many weeks The necessities Of the manpiac-
turers will soon compe' them to purchase, when,
of course, the figuI es then ruling must be paid
M0nu|ac,ured.-A very dull week has to be
recorded, the export demand having fallen OIL and
of this dizziness receipts continue large, especially
of bright wo-k, and 1t would not Lake many SINH
lar weeks to LARGELY oyerstock the market. Once
this is done, long farewell may as well be taken Of
brisk tr, de- experience teaches that market
is ANYTHING but active in recovering from etho-
ra: PRUDENCE, therefore, dictates moderation In
shipments. Manufacturers need not fear that their
tivlLy that arise, fail to keep themselves sup
Dllcu Icauy I'd ileet any possi'tS
There is more money lost by over shipments than
by suggishness In that direction. Were the pros
poets for business brighter this advice would not
need 70 be given, bus when our slender modlcum
Of business has TO be carefully nursed, as one
guards the flame Of a candle in u strong drauSht.
caution Is beyond question the best policy. And
such the present condition Of things in the CAV
endlsh trade. with very slender export demand
3nd the southern inquiry larg sly demoralize by
direct sales from the factory and the Strengthening
of prices by he rdsraliv blockaders, it behooves
tn m anufacturcr ard his agents here to exercise
tie EXTREMIST care In wa ching the course OF bust
ness. That this should lie so we regret, but 1t i5
none the less the part Of wisdom 10 accept the fact
and take our measures accordingly.
Certain remarks I'm our last issue regarding the
sale of 300 pack ges tens at very low figures seem
20 have teen misunderstood. and at the requ- st of
Ike parties To the transaction recur to the sub
b actions, n rule, scarcely ever prove anything
save, possibly, the impecuniosity of the owner OF
the goods, we did not Intend TO refer TO the
sale under consideration, rs we expressl
stated thit knew nothing OF its cetullS.
We have since been Informed that this tonacCo
was of very poor, trashy description that IL
was sold for every cent it WAS worth, and that
thee no urgent peclmiary necessity on the
part OF either the manufacturer who held Or the
factors who disposed Of II. twas only, 1t may be
well 10 add. be 'ause the sale had been reported
manufacturer who happened - Lc in this city 1T
The time, that we took occasion TO refer 10 hc mat
ter in the first instance.
SmOkin1.-althcugh the dull season Is upon
tttIn our city dealers are still doing .air bust
ness, quite number OF orders having rec nifty
re Ichcd them from the southwestern country.-N
i. Tobacco Ledf.