The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-09-05
THE TOBACCO MARKET AS REPORTED
BY THE NEW YORK TOBACCO LEAF,
SEOFENREE A. s.

ViroiniG Le1f-Very little has been done IN Viz.
has ruled active for all other varieties or leaf.
There is but small stock Of Virginia leaf here and
II the demand were better FOR this sort could be
condition Of affairs, the irqniry Is mainly for vest
ern goods and for them, as also for seed leaf there
has been since our last an unusually brisk compete
lion among all classes OF buyers shippers, manu-
E,cturers, and Dealers The speculative movement
referred TO last week under the head OF /" western
Lear, has gained considerably IN volume within
fhe past seven days ana the aggregate transactions
in this department will, IL Is thought, hardly fail
short of the best week Of The season. Western buy
ers have been on the market In Increased numbers,
course OF trade Their Withdrawal from the scene
OF actiye operations some three weeks ago was
construed by the less sangline as an Ihaa
20 tempt fortune further than they nad already
done but their prompt return ana EeaNy purchases
at this time show them to Dc stttl imbued with tner
early shirt. and ferrOr. Manufacturers have
bought pretty freely during the wesk,as nave snip
peers for the present and future account. frlces,
too, are quite as firm as business Snsey. III oe
have no alternative bntto pay forfeit OF ooiaiy SUD-
NIT TO heavy loss by ceiling their onDgan91n1s al
able them TO view with some degree OF colnpacency
their present embarrassing POSITION put X IS po
itiOn, nevertheless far more agreeable 10 DC our OF
imam In, however advantageous the transactions OF
other years may have been. 1twould, OF course,
be vain TO hope that the Goyernments 7or
whom they are accustomed to act VII, 10 view eve; Of
me extraordinary situation IN which they are placed
through no fault Of their own, gracouslE waive the
SnrfeiT money; because contractors are not expect
Given out to iii the orders ut lower rates than those
agreed upon. Yet. In the event OF the contractors
choosing TO pay forfeit rather than MI inc orders
ia moi certain. by any means at this moment out
that the principals would be gamers by counting
the forfeit money of. II the contractors decline
TO complete the orders they Will cave 70 oe mace
Consular agents, and before they would be able TO
aerforIn the work the prices might advance con-
siderably beyond the present range Buoyant a.
he geep now and the close Of The season there VIII
he no better time 10 buy on foreign or domestic
account han the present
oniet i9r tne want OF full assortIDents to operate
ms So remarked gentleman familiar Win inc
market for reyeaisd nons
materially differing from that brief summary
There was fsir demand for bright 11-iDch, ano
we note few good sales OF 0aSK n; 400 y
ge, ~ much MS the times demand for goods. spe-
eiaties readily realize full asking prices, but witt
other classes 81 gooag am IS ssssd II we are gens
better prices, answer yes we are; Dnt .net ar
only relatively better. Prices were previously verN
and R wltn ,ha ns a1e @ lower ar
Il nToatabIe 70 either dealer or MANUFACTURE Witl
,S nresent cost of leaf" This Ii similar TO VIVA
w IN the r!ght direction Is difficult OF attain
pnepi For this condition Of affairs various reason
NAV he adducsd In expianation. promLnsnt mr.
aa,I,no extensively In both smoking anczchewln
sshacro ssnis us The following as one reason anon
man Et;tor Tobacco Leaf: There is q splendid i1ni
tr.tion Of the folly OF the mtnufactafess pawn
sha handed warehouses abolished Leaf mas az
uanced about fifty per cent. and shSre - Rf,sa
deal OF speculation In II, aud parnS az, ar Sayan
sery of the uannfac.ured article they coul
hold K In this market In bond ao.as 70 lsRs IL, ~
vantage Of this or foreign maixes ., ,ha nav ,n