The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-05-03
THE TOBACCO MARKET AS REPORTED b.
THE NEW YORK "TOBAGcO LEAF

Smokina.-The-a las been no pcrceptibe change
In the sRoking tobacco since our last summary, ull-
less we except local wholesale Dealers who, perhaps,
have evlnccd tritie more backwarciness I'm buying
for future delivery and account. Their diversion
mands of others both in and out Of town. ~
wrg'Rta a tsGfTThs sales Of virginia leaf in Thu,
do more than supply current needs. We hear of
few small sales no sftctory prices for the local
trade but LITTLE appears to have been done for ship
ment. Prices are generally well-sustaned, and this
fact furnishes one OF the reasons for the meagreness
OF the demand, foreign and domestic. Shippers SET
of quotations. and Until Improvement is shown III
the markets abroad they are likely to postpone
rather than expedite engagements. Receipts need
he fuller and prices lower here before the current
of trade Will flow eastward In large volume, and
these contingencies being clearly within the control
of the producers there seems to be no good reason
why both objects cannot now he attaIHcd without
further delay Manufacturers, too, In the existing
condition OF tie Cavendish market, restricted In
their operations in consequence of the prevailing
high rates OF leaf and In this circumstance an addi-
toal and cogcnt reason seen for prompt delivery
Of supplies and as liberal concessions IS MAY bc COM
patile with the interests of tue other branches OF
the Virginia t0lscco trade.
Richmond adTices are without change Of impor-
lance: the "DrcIk4" show some Increase, a5 do
prices also.
-MnnT,ctured.- have no change to note in the
tavendsh trade viewed asa whole though I'm special
Instances there appears to nave been moderate inl-
provcmcnt. Bright work generally was IN bet
ter demand. the advance in gold having given ship
pciS ssnL advantage Of WHICH tney iS;llleQ tnclu-
selves, for both black and bright goods. The
Philadelphia and Baltimore markets called for
several bright lines. with which exceptions the do
nestle trade showed but little animation. Receipts
were moderate, and the stock Of low grades Is d.
miuishng. The sale Of taXpaid goods Is still very
light. AL things considered, 1t may be said the
market Is on the turn and the evcr-rccurring tux
question disposed Of, there would be al advance
movement in the volume of business and In prices.
AS to details, there has been, besides sales of about
400 boxes cleyen-inch li,s., some movement in
twclyeincb bright pounds. several large lots having
changed hands ut 2u0 2sc. on speculation. This Is
the lirst time this year that there has been any
special inquiry for twelvr-inch. ceven-nch having
heretofore had the preference. Some 800 to l00u
packages were sold. Thorc have also been heavy
Sales Of: twclv.-lnyh bright twists-some 1000
boxes, and of nine-iuch light pressed for
California; also, good sales of black quarters
navy tens aud short tens for export. Prices, on
the whole, are iirIncr and better. Indeed. the
present seems to afford an exceptional oppor-
tunlty for specializing in old desirable bright pounds
md elcycn-uch even fancy styles, rs stocks are
very light. and all goods, particularly 1871 make,
will certainly he wanted ut much higher prices
before next fall, but cannot be replaced by the new
work ut anywhere near present prices Should 500
loxps more be taken from the Market advance of
s65c. would to be inevitable. Generally speak-
ling 1870 work Is desirable Us that OF 1871. Ill
fact Il IL difficult to realize how little really good
old tobacco is on hand until one goes through the
market.