The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-07-24
THE TOBACCO MARKET AS REPORTED
BY THE NEW YORK TOBACCO LEAF,

/ Virginia. Leaf 1.-THE market continues active and
fulof varying Interest the speculative inquiry and
demand extending rs IL Was easy 10 see 1t would do,
was fm,l available assortm ellt OF more desirable
stock to select from. In Virginia leaf there has
been no new feature since our lust review, though
general leaf market has had spice or novelty 70
enliyen 1t In the meantime In the brisk demand in-
augurated tor seed leaf suitable for cutting and for
Missouri factory Tugs for export abroad and TO Can.
ada During the earlier part OF the week The de-
partrlre, previously announced, or some OF the
western buyers for home. had the natural effect of
making the, market appear less animated than 1t
mad been, but the luli was of short duration, and
the week closed with 4 considerable volume OF sales
effected. not only OF substitutes, but or KENTUCKY
or western leif
SPECTATORS dealer Informed US, are buy
Ing both factory Jugs and all grades OF seed leaf that
cutters have been usiDG and The Indications are
that cutters will have 10 tave factory Jugs for their
future use, they will be relatively cheaper tn n
seed leif be this as It may, however, It's certaio
that the movement of the hour has ut Inst extend
ed 70 and made itself felt In the domain OF the sub
stitues. and reaching there thus early 1t appears
these grades VIII be bought up In the interest Of
those purchasers who inspired and control It.
Amid all that has been thought and said about
speculation and high prices of late II does not see IN
to have occurred 10 any one to observe that In the
matter Of price, still lower, on the average,
than were lust year. or the year before, ut this
time For instance, taking gold as The basis, quota
lions have ranged for low grades this year 40iH
@64c.; last year they stood 5a@ and In S72,
7St9SAc: Medium grades Of leaf Gu the Isl OF
Sol Oc., and in 1872. 9G911c. We began selling
trash Jugs in March, 1878, for &c. aud over; tier
declined to &c. This spring new try Jugs sola a.
4c and they have Row advanced to 6f9Gnc. against
&c. year ago. On account or TWO large crops tney
went down to &C., and OIL account OF The reported
M 2tS2Xc. we have, therefore, merely recovered
as yet about one half of our loss cur late advance
is shown only by comparison with the low range
iiting earlier In the season.
Respecting transactions IN Virginia leaf the past
week 1t may be observed, briefly, that u ere was
some little activity, aud that some sales OF various
saies Of both bright and dark wrappers There Was
rather more than the usual inquiry lot smokers'
which are scarce. Receipts are liRht, ana STOCK con-
seouently continues light also.
JfdnufactuTed.-A pretty fair business was GONE
In Caveudsh tobacco last week, DOTH In export anu
tax-paid goods. We have heard Of no very large
sales, but the demand embraced assortpents, and
the aggregate transfers reached TAR VoISns.
The market, furthermore, was stronger, th0een
prevailing feeling that prices ought Ia some
way to respond to the solicitations OF the manu-
facturers Tor au advance. but the maintenance OF
desire to get prices above the current Level u pc.
Rods Of depression and II IS barely possible thai we
snail tide over the present occasion without any
perceptbe change In the selling rates OIL nanaIac.
Iured tobacco, though 1t is NOT easy TO see how h
be the case Letters three or four aas 9to
which we have seen, unite In declaring thai the fir
ginia manufacturers have decided upon obtaining
an advance OF from two 10 three cents pound
aud yet we hear OF continued Qualifications AZ former
prices and or private sales In htchmand at lowe,
rates than are realized at auction. a cealSr Hht
has returned from there within dag or two saws
1.-The belief Is pretty general that There Is Afoun
dltion for the speculation In lelt, bat prices fol
manufactured tobacco ut the sana:flme femaie
nominal and goods can be h9sngos q, ns sSsd sa
manufacturers was, Are price going any bigne
in New York 2, and told them hRprOsEset OF tha
WINS gloomy " presens, or ,ts nnsnfoo