The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-07-19
THE. TOBACCO MARKET AS REPORTED
BY THE NEW YORK TOBACCO LEAF,n

Tirbinin Leaf.--The past week has not been,
very anliated one for any branch of business. the
excessive heat, combined with the apathy pecUiiar
to the season, when Il large number of our most
active tradcsmen are out IS town. having the.
natural effect of CurtaInG both tf;tslc aud enter
prise. For Virginia leaf of low grades there was
some Inquiry. and some sales were Effected Tor
shipment, but little appears to have boon done by
manufacturers or on trade account. q Few Cailt-
dian buyers were on the market. which served TO
give triling momentum TO mn otherwise ulfuter-
esting trade movement, bnt the extent OF Their
transactions is probably to be measured ny the gen
crl standard Of The week. v As we ntia,e o, as
elected in the distribution Of favors recently yolci-
s,red by the Psychological pcrsonagc having In
charge the ilood.tite of the upper realm, rai iic-
rortiing IL the statement Of CORRESPONDENT ON the
ground, having fallen ,c6pions'y IN The sections
where it WAS most needed Fine Wrappers, the same
correspondent says. selling in Rchnbnd ut irom
TIr. tn Tnl per pound. Bremen adyiccs arc 10 me
effect that attention has been paid To Nlf-
GINA" while London and Liverpool news Is about
the s;fiii: previously annolnccd-tIt Is In me
first mentioned Il rtus If follows III NirgiIi c;i
and strips there has beef hnt little doing, arising
from the poor as 20, OF heiy s ssles III c
The stock for sale Of Virginia leaf and strips ID
now very small--in fact, almost exhausted"
hanntactoed There was some inquiry Tor low ''.
priced bright ll-iucll ut about :2 cents. ana rev
sales OF that variety were effected. We hear also ni
Cuban orders toward the rosa of the week for black
qutarter-poun,s. Generally spGahlig INC marker ,
seemed 4 tr;ilc better In tone, due probably 10 the
fact that concessions from the government being
no longer looked for. the trade Is determined to se
what ii can do for itself despite the adverse circun-
stances by which 1t Is surrounded. For some tlhe
it will be upshliI work for the trade to get stirte
under the new conditions, but there can be lttlc
doubt that after while It's Inherent vitality VIII en-
able IL to overcome mc,slrably so ut least TIC INT
pcdimcntS now placed In the way of lis prosperity
The idea has occurred to some members OF tnc iraae
tliit il might be worth while 10 appeal directly u
tho President for relief from the losses That mlisl
result ffoln M adherence, by the commissions
of Internal Revenue, to his ruling regarding
tobacco bonded after the 9th OF june ana we
see reason why such course ii.g not DC proper.
~ taken. IL is of course, not tn he ctp"ste,l l.'
The President would order The rclractiDn OF ms Oh
uuNos ruling, sustained as II Is by the Secretary oi
the Treasury and the legal advisers of the Treasury
and Revenue Departments. Bat he might, upon u
fair representation of the case to him, n Induced to
share The RESPONSIBILITY with the Commissioner OF
such modification of 10 ~ would In some way enrt
to the advantage of the trade. and 20 relieve the
Commissioner of the risk of being accused III casc
Inc were disposed. as he doubtless is 10 render assist
ailcc OF acting, upon no other authority IMAM his
own in open violation Of the law us the law " III
terprrtrd II this much could Ike accomplished 10y
nm intcrviE~ with President Grant, much. very
much would be giictl, apd the bare possibility OF
such Il result makes eOft IN the direction suS'
r,stc,l almost incumbent OH the trade;
The letter from Secretary Boutwell, SHOWS tDt'
though otherwise unsatisfactory the present diem.
ina Of the trade in consequence OF this ruling Is iuS
realized and that If a way ont OF 1t can be dcSlscu
the authorities ut Washington are not avcfse 70
adopting it.
Sm0king.-As at our former writing the principal
business Of the week WIS the forwarding oil Roods
previously purchased, a s'nall amount In aGdl!lo
being done retailers account,