The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-03-23
THE TOBACCO MARKET AS REPORTED By
THE NEW YORK "TOBACCO LEAF

pirginm LeGf.-No change Of Importance has
occurred in the Virginia leaf mar ket since our last
report. There was fair amount OIL business uone
during the week In new and old tobacco, but there
nothing In the character OF the transacuons 10
indicate either the presence or absence OF more man
ordinary animation. From Richmond we near sun y
of advancing prices for all bright assortnens, ana
the continued scarcity of bright wrappers, when are
much wanted there and elsewhere Ihe circular ,e o.
Mr. Il. 4. Mills OF March . says that planters are
disposed to hold back their good tobacco un'ier tne
impression that prices Will still further advance
when the tax question is settled; and adds that "a
better supply Of bright wrappers would orders
and stiifen Prices Current adylcGa snow tllai
the planters lave not ye. abandoned that niea ana
concable with just conception Of their own inte-
rests or the Interests OF the trade generally. The
prices now obtainabc for bright wrappers are snl-
ciently high to fairly compensate producers for tiier
outlay, and are much too high for manufacturers, III
the present state OF the manufactured tobacco mar
kct TO commence their business season with rea-
sonabc prospect of reimbursement for their invest,
mcnts. Everywhere the trade In manufactured
goods Is more less depressed, not only on account
of the uncertainty concerning tic tax, but also on
account of the amplitude OF stock In nearly al mar
kcts at home and abroad 1t would therefore seem
to further increase the cost of leaf.
Mnnutatured.-Ihc slight promise Of improve
mcnt In manufactured tobacco noticed short time
since can scarcely be said 10 have yet been fulfilled,
the commerce in this article again showing signs OF
depression There Is business doug, but the market
drags-drags heayily--and the prospect OF 4 treer
movement seems now farther away than II did two
or three weeks ago when We anIiounced the first
u
sold than are actrtIly disposed OF, II sold at such
prices offered but with the present ana pro-
spcctivc cost OF leaf In view II Is Impossible for
dealers to make the concessions demanded ana hence
restricted transactions the rule rather than the
exception. There were several sales Tor export
during the week, the Australian market calling ior
Is is, ll-inch, and quarter pounds: From saFan-
nah and New Orleans there was a fair demand for
ll-nrh brIghts Pounds alpelr to have been neg neg.
lcctcd in ali quarters. The local demand was light
for all varieties "
Concerning manufacturing, y Virginia correspond
emf writes TO dealer here follows: "A good num-
Der of our manufacturers are preparing TO resume,
hut think leaf Is too high Ii manufactured tobacco
has not moved from what 1t WAS when you last
wrote unfortunately, manufactured tobacco has
not moved In the uterincerLtin!y not In Tue arec-
don contemplated by the writer OF the excerpt tnas
~ unward-and the conclusion Is therefore ineYlta-
Die that leaf too high and other causes re TOO 40.
verse to warrant resumption with the expectation
of MISUNDERSTANDING to advantage. To those whose
nanufactories and operations have been Idle nearly
ali Winter this Will be unwelcome Intelligence, put
With full stocks everywhere from thc Atans % the
Pacific and from the Pacific 70 the Mediterranean,
what else tlat Is truthful can be cent to them
Smoking.-For smoking tobacco the demand con- ~,
tnues fairly active. Eagerness ~ stu eVineen nS
the trade for action upon the tax question. thesSn