The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-06-22
THE TOBACCO MARKET AS REPORTED BY
THE NEW YORK "ToBACCO LEAF.n-, h

| 1Eapufuctured.-The Cavendish market was with
ring apnoyarces aid hinlrances 70 which the trade
Is SUBJECTED preventing even al occasional return or
the elasticity and spirit once SO common TO IL Tne
only sales OF Importance that have been reported 10
us were two or three hundred packages OF quarter
pounds, and like number Of tens Tor tfe CUBAN
market. .,.
missioner OF Internal keycnue1;who bad also noti-
| itd the collector at RichmoEd, Va, to the same
cfY.ct-a new ruling OF the Revenue Bilrenu, or
Which we here present asynopsis: The ruling de-
claes that all plug tObacco bonded 1872,
date of The gss q s sSs y e
thIrty-two cents poundthh Old or existing TnteE
instead of the new one OF twenty cents pound. In
OF business the Conmlssioner embraces the OCCASION
10 say that the law leaves no alternative it TO
between tobacco hondea atter iu aa I'm, ~
his opinion, made by the law lcseh IN tnese wo.as
"All tobacco and snuff no,o stored In any export
bonded warehouse shall, OH or after July l. lsl2 he
subject to the same tax rs provided BY this act"
THAT the word n0,c can be construed, a5 the Com
missioner has construed IT to t,sr sxclaae moe aIS gSoos s
| juno until the lst of Jrly. If anybody 30
dls posed, Is, Of course, not TO be doubted But 60
In authority mt the Revenue Bureau felt inclined to
do So or do anything clac that would assist rliher
n obstruet the trade. unfortunately ters s ,s NO %
where lies tile difficulty. All tobacco and snuti now
In boid-thnt Is that shall le In bond when this Act
goes Into operatlon-is what was meant ny ne
ramers of the act. they obviously ntendingto make
this concession sop Tor the Injury done IN abolish
ing the warehouse Had me intent DSen
after what ad heem done in doRp9S,", 70 'e % t
ters of detail, however arbitrary. The Comnls-
sioner in this affair. has errcd-frst, In bis inter-
pretaiion of the law; and second, III ialDng ID
announce his Views at At a semenas se IN soud for future
consumption cease frthwth, put goods aireany ,,y
Shipped since the 9Th instant TO distnut ports IN tise
ex,rctation of being withdrawn at the new rate VIII
no dead loss to The owners. Surely some means
can be devised for preventing these constanfly-re
cuSrDEE as,s IN smoking tobacco
busy, orders coming In faster tlMn they have the
means to fill them especially when the diif1culty
count, the revenue authorirs being either unable
or unwilling to furnish them TN sufficient 4llanuay
to meet the present demand eniosids dsw sos,
ncr pound more tax to the Government, M put
gIs Is sty s6efe Is 70 pe,son to infer' that This
afIcratCn Is the canse OF the delay IN Iorwarrhh LIE
stamps to the various COLLECTION nistflcts's IL" m
| Goyerument printers are actively eilgaeen ln
ndaptng the old stamps 10 the new rate so thy tney
may be available mt the earliest possible momei ana
this Is probably he reason why le prsse. P,,
ever the cause, however, the circumstance is QUE
Tint ought not to have occurred. AUG now asas % he
occurred the sooner IL Is remetied the better. Op
structi. MS have all along been numerous enough
| without multiplying them s5tl., ,1o,, An,
t,m myst week neither weather nor present demand
hnirpp p rav"r,hle 10 exteBsiye t,ic. For manufac-
tarng sorts there was some inquiry 10 the virgins
kaf market hut the aggregate sold does NOT appnms W.
t have been as large M usual for the same leHh Of
time. M while for export and speculation eonIpari-
lively little was done. Tie market, however, coi-
| finues firm and prices Of all grades are wen sus-
Richmond reports indicate full breaks, With en- IN
upward tendency In dark goods ana seannessl y. !,
briats Of alI gres. From foreign sDurcSs
| nothing OF Importance later than bas aireaay ap-
pesred in this Column business in most Of the mar
kets abroad though slightly lpr2yss teing ssi re-
shinh restriction IL may he assuIued wiz continue
nnriI tie views of buyers sufficiently bbefillzcd
to meet the expectations Of holders herc. im q,
THE firm rates naH and for j long time spresainlie
I'm al the domestic markets may be taken AZ bas,t
OF calculation for the balance Of thy s,as9Ii, an. "
and nnr,,ose can b, subserved by longer JaeiayiDR
kfansacticns that at some time win have TO be con.
suniai:ted 10 keep tile wheels Of commerce anu tf'
In motion .it .ltEl go