The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-11-27
TIE TOBACCO MARKET AS REPORTED
BY THE NEW YORK TOBACCO LEAF,
NnTEnuER

Observation-Disclosures was only a moderate
amount of business done In cayenalsh tobacco du.
ring the week. In one two instances there seemed
to he a slight improvement upon the Immediately
preceding expere nee, but the main the aspect of
affairs was slneeish. Among other ordinary trans
home trade ut full figures. For export nothing Of
noticeable consequence appears 10 have been eff
feced. Referring to the trade 10 Virginia, The
dealer above mentioned remarked that "there Is
very little now being put no by the manufacturers
either for shipment or consumption: ana What IS
being done In that way Is mostly Inc closing up ,p
as the time for closing up, rs usual
ISmoking.-For smoking tobacco the inquiry was
neither brisk nor notably apathetic Orders were
received In about the same proportion as was Oh
servable In other departm
Observation-Disclosures and importers both re-
port an average business with nothing to specially
distinguish the past from previous weeks. The an,
nual revenue returns OF manufacture rs puoilshed
IN our last No. show an enormous production OF
Virqinia LeaE-Ihe past has been dull week In
all dcpa tmenis of the tobacco trade DO noticeable,
In fact, has been the dimlnuti0n In business, rs
of the greater part Of the current season. that The
reviewer who should undertake to account Tor the
transition would find 1t difficult to suggest an eXpla-
nation that would have even the commonplace
merit of plausibity the ordinary excuses for sud
den torpor In the place OF PROLONGED activity as IS
the case.with reference to some branches anec,sa
being entirely unavailable In this Instance. The
general aspect and the apparent prospect were the
same last week as they were the previous
week, or for several preceding weeks, ana
yet there evidently was considerably less
traffic in leaf tobacco during the later
period than in any of The earlier ones mentioned.
Perhaps as good an Of-hand reason as any that can
be assigned for the change is In the first place that
the season Is nearly over, and IN the second place
that tradesmen. feeling that they have latey Deen
sufficiently well occupied both 10 satisfy tneir natu
ral warnings for active work ana give them
keencr appreciation or the wholesale etects OF an
interval of rest, have now resolved 10 cease Ior
awhile from their all-engrossing abors, ana Intend
not only in the interest Of bodily health, but In the
interest Of bushes, as WE'LL hereafter TO vary tile
course Of events TO which the market was becoming
accustomed with alterations OF lively trade ana dn,i
trade dull trade and lively trade untilt the posslo-
ties OF The future are sufficiently disclosed 10 enable
ought to do. Just now 1t Is not positively known
to i'm ybody whether leaf SIX months hence Is gong
to be great deal higher or only little higher IMAM
IL now is aud this Is point that needs 10 De
defniivey settled before 1t can be determined IL IL
IS going to be good speculation, or onlya goou III
yestment. hat it will be good Inv estment there
Is 10 chance for uncertainty or doubt. Experts
every where are giving close attention 10 the sup
jcct of supplies and statistics are made 10 perform
service In widely differing ways, according as
they are Manipulated BY those predicting very
considerable increase upon present prices or tnns
who anticipate only 4 moderate appreciation. me
theory of almost total exhaustion Of stock within
the next ten or twelve months, az advanced by re-
viewers hereand there, Is generally looked upon Dy
onr most experie need tobacco sats5 as not atoge-
ther well founded, 1t will probably be found when
a little more Is known regarding the yield OF ibis
wear that the product OF each t0bacc0-producing
State has been under. estimated by those who have
taken the less encouraging view OF the situation.