The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-08-28
DANylLLE TOBACCO MARKET.
THE TOBACCO MARKET AS REPORTED
BY THE NEW YORK TOBACCO LEAF,

Viroinia Leaf There is hardly anything to he
said aoout Virginia leaf TOBACCO for the past week,
as but little appears 10 have been solo here and none
of importance has been received. We hear of one
lot offered without take and Judge the sales gene
rally were OF retail character. The general mar
western and set d leaf departments aggrf eating
considerable amounts respectively. As 10 DETAILS
connected with the irst IN, Itoned, we may repeat
the description OF deaIer-tO wit, .'The marx ct
has been higher than last week, with much more
activity especially for styles suitable for the home
trade" And To the general state Of affairs, we
have been assured that our previous resume would
exactly apply 10 the period nov under considers
tion. Another dealer remarktd to us, There has
been good deal doing the past week. ard prices are
fully maintained; very irG, indeed and gradually
advancing: and crop accounts, moreover, are not
imprOycd.n
IL Is clear that the market henceforward Is far
more likely to continue firm than TO exhibit signs
of weakness. Fully two mouths have elapsed since
the stiffeuiug up Of prices commenced 10 this branch
of the trade and not only has there NOT been any
preston pcrcepti5le but as Is seen In the obseryi
strength all the time visible here; and elsewhere
ALSO ms Will be by reports from other sources.
There has been an ADVANCE all along the lines, In
manufacturer goods we'll rs In leaf and this cir
cums,ance plainly indicates that the pectation of
a somewhat prolonged period OF expansion has
eager for u rise. Something Of this unaninity OF
of sentiment Is. Of course, due TO the unyieldi0g
confidence Of the spectators, whose influence Is
now felt beyond the immediate circle OF their Ope-
ratipns; but the one cause more potent than all
others In harmonizing aud moulding public Opin-
lon. IS me now c0nceueu IlCL That Tie tODaccO crop
Of 1874 is desti ed to be unprecedentedly small.
Th-re is M longer any doubt on this point: and,
consequently, no room for hope that more favor
able turn OF affairs will take place; rs seemed pos
shle while the better part Of The growing season
WA, still III the future. Perhaps fair Inference to
be drawn from existing circumstances Is, tfat If
10 material augmentation OF present prices Is likely
10 occur, neither Is any material abatement to be
| reasonably anticipated.
INanufnctu- ed.-rhe week has been rather quiet
In this department. and especially 50 for export,
In which branch trade has been light; but prices
have b. be ter, some cl1Ss OF bright goods show
ing an appreciation OF fully two cents per pound.
Grades, for example. that sold the preceding week
for 39ID4Oc could not be bought the past week Tor
less than 4 (942c. The brooklyn manufacturers
have during The week advanced their prices ON all
grades, the average amounting, ternaps, 10 &c. per
pound. They intimate, too, that this advance Is
merely initia,ory and tina. further augmentation
must speedily follow to even partially offset the
| continually Increasing cost OF leaf.
The stock In this market continues light, manu-
factlrcrs being anxious neither to make up or ship
goods until they are certain realizing more re-
nuuerative returns for their productions. Tnat
higher rates all round are soon 10 ne estOilsneo
here appears now 10 be inevitable, though now,
with the limited, dragging demand now prevailing,
an advance In PROMOTION TO the Increased cost OF
production Is to be secured L. not clearly ulscefn-
able.
Smokfag.-The sales Of smoking tobacco were
doubtless larger this week than for some weeks
| past disposition having been manifested by buy.
ers to Increase stock before any further advance IN
prices took place. The transfers embraced In some
instances full assortments and were for local and
interior trade The next few weeks should show
marked activity in this branch OF business, as st
the present range OF smokers, whether bright Or
dark current prices are lower than can wei DC
maintained for any great length OF time.
C5Unrs-The cigar market Is St1l unchanged
we near of uniformly steady orders and sales, but
OF nothing special to distinguish the week from
others.