The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-06-26
The Tobacco Market as Reported In the New
York "TObacco Lcaf.n

| Tirginin Lenf.-Whiic there Is no marked
here or at Richmond, we have to note in this mar.
! kct more inquiry among the manufacturers ana a
| decided movement IN Tugs and low leaf, to chroni-
/. good leaf is Offering on the Virginia "bres k, -
and what comes TO hand Is as rapery sought at
hish hgures as ever The l,, msjorty Of the offer
| dsheartening description that seems to be
the distinguishing feature or Fry, the new
| cron. sever, indeed, has the trade been so gen
orally disappointed IN yield as in that of the 1870
Virginia. Last autumn it was difficult for growers
to lnd shjsctyes sgifientIy IauIatnry sing the
/ hothing ilko II had been seen In the State for
years certainly not since the war. Low prices
manufactured tobacco conmenced to Inquire
whether II would not he policy to curtai purchases
until Il could he seen hoy this avalanche Of the
tiers went on until the much taikcd-of crop he gan
| to find It's way to the "breaks" about the h5li-
days. or Course, It was not expected that the
| early arrivals would fairly represent the chIrac-
| ter Of the crop, as the small Planters whose leaf
reaches marErt In the poorest Orher, are the first
| 10 sell but when wesk after week passed. and no
| Improvement was witnc Sed-when II general COM
paint was made by the farmers who had, as they
lhGn sht been slaughtered by the very low laures
paid nr Il cir crops, It began TO he surlnIsed that
tic 1870 yield Of Virginia, Ike the GcludIng beauty
was not
-"All my fancy painted her"
These first surmlses we are sorry to add were
| but the foreshadowlngs of very unpleasant and
unnalsta5le truth and 1t Is now generally acknow-
lodged that the new crop. while unusually large
one Is also unusually bare OF really fire Leaf
wrappers especially. both black and bright. As
was /" re expected, In: tisures ruling have repre-
senled this ludis outabc fact and unless the bal
ance of the receipts Should contain much larger
proportion or wrappers than tnare Is any prohaiil-
ity tina. ii will we shall witness high market for
wrappers Tor some time 10 come. This disaD-
! pointment regarding the character Of the nsw
crop cannot but oe regarded as an unfortunate
one, asne tally hs low-prisgd good leaf SEEMS at
merce in III nur acturcd tobacco. With nearly all
the foreign markets ovefstockcd, and an inevit
able consequence, low prices, with high leaf
market, the III anufdctGrers VIII h ave anything but
All agree shla time o. 1t the present summer.
Mdnufucturcd.-Thc market coutiuues quiet.
but llt!9, ii any animation hc;g observe. The
exporters are lyins oil hcr oars, The largest firm
Snnouncinc that the period Of qHietucc will con-
alleged to be the fact that The fo eRn markets arc
generally ovcrStocked While we cannot Of conrse
quarrel with the exporters for abStslnErg from
buying under such circumstances, would it not
have been better policy TO have stopped short Of
the point OF overloadug? no one compelled
the to PGareae B ns5e1 dGs
more discretion In their shipments then, we
might have witnessed Il healthier condition OF
trade now. The TACT seems to be, however, that
the buyers for these mach abused foreign markets
could not resist the temptation offered by the
cheap black work that was so Plentiful here,
III inks 10 the inslne desire OF certain manufac-
,urers to keep On working. and 1t was consc-
lrently bought and shipped so long as there
remained any to buy aod ship; That we now
kets cannot, under the circumstances be
Thought singular. that there is any foreign de-
subjected. is perhaps most TO be wondered at. 1t
would seem, ludeei, that the sentl, men who make
1t their lite-work To supply that demand should
thoroughly understand their calling but the over
.ckiug or twenty TWO markets ut Il time when
especial acsiyIt; has existed TO tempt to too large
Shipments. does not nr: us any very extraordinary
aptitude for Tie business Let lis hope, even
though the abstinence may temporarily inCO9-
yea:eacc our manufacturers, that the aforesaid
markets will be permitted sufficient period of
rest 10 thoroughly recuperate and assume more
vigorous tone.
But II IS not only the foreign markets that are
oyerstocked, the southern demand Is but the
shadow Of what iE once was, though the over
stocking IN this from the operations of
the North CaroliEa block4ders. How impossible
1t is for honest manufacturers to compete In tie,
markets of The lar South can be Seen by any
who will take the trouble To ascertain the
prices it which manufactured tobacco is sold
there to-day from out the wagons in which
the Govern ment by oiled and counterfeit
stamps and ohcr devices. The difference
to New York and Virginia manufacturers, who
supply this mar et, is very material one. and
Ole that calls Tor prompt action on the part Of the
Government to stop the leak. The simple fact, in
this connection that scarcely any OF our receivers
now have consit OF North Carolina tOoac.
co, when formerly quite considerable amount
was shipped, is Itself suspicious, and atLcsts in
significant terms the truth OF our suImises.
There is stll something doing In the way of ship
men,s to California, but the state or che market
there conpels caution. Indeed business generally
In the G1ldnu state Is depressed, and very large
consgnments OF tobacco would oVerstock anu
hopelessly stagnate the market for some time to
come. The recent opening OF the bonded ware
house at Frisco has caused the attention or ship
pers to be turned In that direction, but the demand
Is not large enough to warrant very coplous sup
ply .os
during the week, and taking the dull season Into
account, no complaint eau be made.