The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-12-11
The Tobacco Market as Reported By
the New York Tobacco leaf.

The Tobacco Market az Reported b,
the New York Tobacco leaf.
Manufactured In manufactured good.
there was fair average bueinoss done both
In bright and dark work, with a prepon.
! derance, perhaps. in favor Of the latter on
| account of shipments. There were some
| sales Of black navy halves and some quar-.
tiers and tens for consumption, and also for
| export. We notice increased receipts of
new black quarters and tens 10 good con-
dition and looking we'll. but which for
want Of ago arc as yet slow Of sale.
| It is reasonable TO predict that goods
made Of old stock-all yRrietic>--wiIl ne
| cessarily range higher.
The report of the Commissioner of In.
ternal Revenue has both disappointed and
| disp|cased the trade. Owing 10 the uncer-
tain;y and energy of the protests made
| by our friends in the northern cities, as
we'll a. by many al the South and West,
| there seemed reason to hope that the Com
| missioner would refrain from urging the
abolition Of the bonded warehouses, which
| have been found so advantageous wherever
| they have been in use. But for this eX-
pectation the result shows there was really
no foundation. The Commissioner has
| selected to he guided in this matter by the
adviceS OF other counsellorS, and, so far az
| he is concerned, there is nothing to be
gained from further communication TO or
with him.
The proper place to carry the subject
now is to Congress. aud thithcr. no doubt,
those In favor Of the Continuance OF the
| warehouses will at once appeal.
AS our columns of late have shown, the
| Commissioner has made an effort to obtain
| the views Of the trade on this important
| question, hut it Is 4 noticeable fact, not
outstanding that, That tiTult was made
| through tmiS:Gries frOlu his Bureau who
were, and have log Tong time been, pre-
| disposed to b-inG Al!out the change now
| recommended, au1 EiO Snt... iufcrlua-
ton only whelo they lhUu.l! they bad
| grounds for believing the $cl.;;:aunt Of the
| trade would be mainly ia harmony with
| their own predictions. Why agents Of
this kind were chosen, all! why these
agents imagined they were i,.iiling their
whole duty when they aiuiiuu,ly ignored,
not to say shunncd, New IugA, thlladcl-
phia. Boston, and Baltimore. heed not be
inquired. 1t Is enough 10 NluU that these
circumstances haze occurred, l..i that it
now remains to be Determined in what
manner the rorn!ci0us conscG..1Eccs may
best be averted or modified. 'rnis is the
point mt present 10 lie decided by the
trade.
Douglass, it il Only fair 10 believe he thinks
the evidence furnished sufficient to justify
him in the course hc has pursued; but he
may be assured that there aic very many
men whose judgment liay bc relied upon,
VINO, while readily admitting the purity of
bis intentions, will feel dat he has in this
instance male a @ricrCus mis- take.
What, for instance, does he. or any who
IacqueSce in bis recommendation, suppose
- - "A ~
reign countries III low priced manufactured
tobacco under the drawback s.stcm which
he proposes in lieu Of the existing arrange
ment? Is it imagined that Oh goods worth
ten or twelve cents pound, manufacturers,
or dealers for them, will advance the tax,
be it 80 cents or q cents, and wait from six
months 10 a year fer its return? And if
not, we again ask, what Is to become of the
foreign trade therein? Not pound will
ever be sent abroad under such circum-
stances.
Virginia Lcdf-Thc commerce In Yir-
ginla tobacco during the week was limited,
as has lately been the case. We note sales
Of twenty five hogsheadS Io% Grades by 4
leading house at full prices, The market
appears to be IN state ri suspended ami.
nation. and this rcmaIk applies with equal
| propriCty TO other departments Of The
trade az we'll as TO the one under rGyie%.
Thel is, to be sure, all the time IN under
lcurrent Of business going On. but il is
principally deficient III force md volume.
Primarily. as has often enough been said,
this sluggishness i aScIib tblr: - The indii-
fereut character of TN" generality OF sup.
plies. But this alone is insufficient 10
account for such wide eprc.,d and ulI-
have to be sought cleT:,e:e. Finau-
rial irregularities have Mpic to "a
with this matter than i 4sen at the
| first glance. Through poor management
money has been made scatGer than tue
good OF the trade requires, aud business
men ind themselves liable at any moment
to be subjected to the Inconvenience and
dangers OF Il strl.!cncd money market, and
they consequently move with caution, feel.
ing rather than going their way; and this
il = teG!9cr wholly irrecOnCilablc with that
lreuuiled TO give vim and SUMMATION to
strUte. Thete will be no general revival OF
business until money il more abundant, or,
Iwhat is the same thing, until enterprise
ceases to be hampcrcd by the dread Of dis
Iaster. Whether il lie most "! it'll the AGENT
of the Government or Will the people
themselves to hasten this con5ilmullliOn
need not here be discussed.
From the markets Of VIRGINIA there is no
tnews of Importance. A Lyr>lihurg CORE
Ispondcnt writes that there is considerable
quantity of tobacco (new) coning in, both
of leaf and Tugs, and tina; tie leaf show:
good body and color. Bright tobacco he
thinks lees plentiful! thn usual in the new
crop, but Tugs are uncGmmonly line. pri
Innings have almost ceased 10 come in, few
il any, rem lining in planters hands, from
which il is plain to be seen that the trade i:
destined to be restricted ia The use Of This
article this season.
Cigars.-Ordels continue to come in from
the South and West for cigars, sud the woeh
has been favorable one throughout for the
trade.
| iSmoA1ng.-The same Is true Of tue trade
In smoking tobacco. 4 fine jobbing bust
hess was done by all the leading houses.