Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1829-03-19
etoiiIiaIerr(aI Neror0.
RICHMOND MARKET.


TOBACCO.--The demand for Tobacco continues
to be very animated at improving prices, owing to
the late very favorable accounts from Europe. The
quantity daily inspected is very limited. Sales at
auction on Tuesday.-passcd 81 SO to SO, refused
So 20 to 2s. Common to mddling sold lower at
the warehouses the previous three days-yesterday
but few hhds. sold, the quality common to mid
ding, which brought s. to SO. The adviccs from
England by the London Packet state great I'm.
provement there in tho prices of stemned tobacco
under the impression that additional duty of Sd pr.
III. would take place the sth April. Leaf tobacco
had also improved, but not much
FLoUR.-The asking price for Country Flour
in this city, Is 1915, and for City Mills 81 So at
which prices the article is very dull--eoo bbls City
Mills Of Rutherfoords brand, is shipping to the
north, which we understand was bought ut ST.
The hope of rise in the price in England having
subsidized, holders anxious SELL though DESTROYS
to make as little sacrifice possible, they keep the
mixing price up above what purchasers are willing or
can afford to give Yet purchasers to offer ior
considerable quantity 81 to S7,a5 for City Mills
& $3.50 for Country Flour we have no doubt the hol
ders would be glad sell at those prico,-Durng the
recent excitement caused by the short crops in this
country and Europe and the opening of the British
ports duty free, Flour was run up in this country
above its real value, that is, above what shippers
could realize profit on, by sending it abroad. The
consequence is, that merchants who shipped Flour
bought ut high prices, and spectators and micrs
who have kept it hand, lose, while the far
mers who got good price for their wheat g. specula-
tors who were quick in and quick of the market
who struck while the iron hot and did not wait
TO let 1t COOL alone have made money by the recent
high prices of wheat and four
When we ventured the opinion fortnight 90.
while country flour was at ST. that it would fall still
lower, We were governed by these considerations
During state Of general peace in the west and north
ofEuroPe the u States deprived of the monopoly
they enjoyed during general war in Europe. The
falure of the wheat crop in any one section of the
European continent the British isles can partially
if not wholly hosupphed from other sections whic,,
have been more fortunate and thus coming into CON-
petition with this country in supplying the wants of
those countries where the crops have been deficient
must keep the price down to something like rela-
tive price to those of other productions. There
are so many countries that produce wheat that what
ever country wants to purchase, will always, excep.
in season when the crops have been universally
short, that seldom ifever happens, be able to obtain
what they want, during n state of peace at price
proportional to the prices of other agricultural pro-
ductions. And So S. so is the full relative value
OF Blour to other agricultural productions. At this
price we believe it will settle down, before tho new
crop comes in, and but for the limited quantity in
the country, the reaction would probably dcpress it
much lower, even far below is real value. On the
quantity and quality the crops in this country and
Europe, of course will depend the value of the next
crop, unless the western European powers get inYo
Vsd in war which ia very t,ulkelv