Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1829-03-20
GnnrmerrtdI Reroru
RICHMOND MARKET.

TOBhCCO.-The demand for Tobacco continues
TO be very animated at improving prices, owing to
tic late very favorable accounts frOn Europe. The
quantity daily inspected is very limited Sales at
auction on Tuesday:-passed 81 so to SO, refused
81 20 tod rs. Common to middling sold lower at
inc Warehouses the previous three days-yesterday
but lew hhds were sold, tie quality common TO mid
ding, which brought 81 to 80. The adviccs from
England by the London Packet state great i'm,
provcmcnt there i'll the prices of stemmcd tobacco
Under the impression that additional duty Of Sd pr
ID. would take place on the 5th April. Leaftobacco
had also improved, but not 70 much.
FLoUR.-Thc asking price for Country Flour
Ill this city, is S675, aud for City Mills $3.50 at
which prices the article is very 1u--5oo bbIs City
Mills of Rutherfoords brand, is shipping to the
north, which we understand wus bought at ST.
The hope of rise i'll the price i'll England having
subsidized holders anxious to SELL though DESTROYS
TO make as little sacrifice possible they keep the
askin price UP above what purchasers are wiling or
can afford TO give Yet purchasers to offer for
considerable quantity 81 to 1925 for City Mills,
$3.50 for Country Flour have no doubt the IIol
ders would be glad to sell at those prceg.-Durnp the
recent excitement caused by the short crops in this
country and Europe and tic opening of the British
ports duty free, Flour was rum up in this country
above lis real value, that is, above what SINNERS
could realize profit on, by sending it abroad 4hc
consequence is, that merchants who shipped Flour
bought at high prices and spectators and millers
WHO have kept it hand, must lose willie the far
mels who got good price for their wheat, g. specuIu-
tors who quick i'll and quick out of the market
who struck while the iron was hot and did not wall
to let it cool: alone have made money by the recent
high prices ofWhcat and flour.
When we venturcd the opinion fortnight ago.
While country flour was at s., that it would fall still
lower, we were governed by thase considerations
during state of general peace in the west and north
OF Europe, the o. States deprived Of the monopoly
they enjoyed during general war in Europe. The
failure OF the wheat crop In any section Of the
European continent the British isles can partially
if not wholly be supplied from other sections which
have more fortunate and thus coming into COM
petition with this country in supplying the wants of
those countries where the crops have been deficient
must keep tue price down TO something like reIa-
tive price to those Of other productions. There
are so many countries that produce wheat, that what
ever country wants to purchase, will always, except
III season when the crops have been universally
short, that seldom fever happens be able to obtain
what til " want, during state of peace at price
proportionedto the prices of other agricultural pro
auctions And So So so is the full relative value
Of Flour to other agricultural productions At this
price VIC believe 1t will settle dow before the ncv
crop comes in, and but for the limited quantity in
the country, the reaction would probably depress it
much lower, even far below its real value. On the
quantity quality of the crops in this country end
Europe, of course will depend, the value of the next
crop unless the western European powers get iuvol
we'd in war, which isvery unlikely.