The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-06-10
New York Tobacco Market,

Virginia Ledf.-Our local market still fails TO
trade is being done In smslI way with the manu-
facurers, hut the latter do not seem as yet to re-
alze thst VIRGINIA esf Is really cheaper TO- day in
dlcatlon points to rise rather than q fall. All
our advices from the Richmond and other
breaks" confirm the opinion that the 1870 yield
came q long way Ind the popular estimate.
Just after 1t had been harvested, all through the
fall, and well into tn winter, we were told
tina; it was one Of the finest and most abundant
and Spectators naturally looked for low
markes In consequence, and early In the sea-
son succeeded in establishing u considers BILE de-
Cline from the famine prices ruling last summer.
This, however, was not long maintained, and fine
wrappers, both bright and black, commenced an
upward movement which does not seem 10 De vet
ended. This scarcity was, however, confined to
the grades we ave named, while of common nom
d;sscrpt leaf there was more than enough. Thus,
although 4 farmer ow and then sold the few wrap
pers he could scrape together out of his crop at
fancy price. he was compelled TO part with the
a mere song. In this way the Singular spec
t tac,e was ,o presented Of generally d!scon-
we're obOed for porton the crnp PIsee
course, was due to the Iact that the great maJorty
Of the yield, although abundant IN quantity, was
s4id or latest asviccs confirm this view 0: the
case, and while good fne bright "smokers ~ and
both good black and bright wrappers are very
scarce and bring high prices, The markets are abb
soluteIy cloggsd with common, nondescript leaf
that buyers fight exceedingly shy OF.
the week by the awarding or the French contract.
The Virginia leaf, 1t Is understood, has been dtvi.
ded between two or three bidders, at rates which
are generally thought TO be low. On this and other
points reg riding the Contract we shall endeayor
TO obtain more definite information for our next
issue. That certain kinds of leaf can be pu--
chased very cheap we have just shown, but wheth-
er the particular grades called for by the French
specifications can be Oblained on equally tavora-
Die terms Is more than doubtful. Ii the copied
bids have been made as low as stated 1t is d. fcult
to gee how the parties concerned can honestly live
up to them and still save themselves from loss.
1f1nufuctured.-The feature OF the week seems
to have peen the sale OF 800 pkgs tens at very low
figures. This transaction has, we understand,
been already reported 10 the lacturers In Viz
ginia, and quo.ed as proof OF the demoralz ,tion
of QUE marhe.. We do not know any Of the Details
but we can assure our manufacturing Irlend1 Gil 1t
the sale as exceptional, and cannot be taken
as furnishing standard Of prices here. In
deed quite Il considerable sale OF quarters was
made a6 ,ut the same time at remunerative
rates. While we do not wish to convey too
roseate an idea Of the prices here, it is alto
gether unjust to take the lowest points through
out the season, anu argue from them regardng
mon stuff was sold here curing the past winter us
low as l2c., because 1t was not worth more, and
really good tobaccos have bsen disposed OF At
neilhsr case would there have been the slightest
Justice in accepting the. rate as establishing
In this market the price OF that class OF
goods. 1hs cases were exceptional onls
and should be regarded as such. When q
IN manufacturer is pushed for money he NAV sell
On terms lndC lie "ou!u not look aL lOT an In
slant at any other time and to say that sales made
under such circumstances prove anything save
that the owner was mpscuntous, Is simply absurd
From this we may easily interpret the sale of the
three hundred Packages tens last week. without
recourte to the hypothesis that the bottom his
Taen out OF the lew York market, or the occur
renee OF any other dire calamity. That prices are
not what we should like to see them IS cheerfully
admitted but as the causes for depression are
beyond our control we do not see that the trade
here should be held responsible.
The opening OF bonded warehouses at San Fran
cisco continues to give healthy impulse 10 the
trade with that State The consUmptive demand,
wing to the continuance Of blockadiug in the
far ou.h. Is sadly in need Of this and any other
restorative that agents may administer.
Smoking Business continues fair for tie sea-
son, and orders from the Southwest and far West
continue to be received and tlled. Regarding the
we tern demand proper, some uncertainty us TO
It's suunduess seems sill to exists remnant OF
he 1nanc al stringency OF last minter.-Neto York
TJbdccO Leaf.