The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-01-31

January lst, 1912.
SIR: AT the commencement of lS4l, the stock OF
tobacco in Europe IL $50 hhds. below an average
of the nine years ending with 1885, and 1902 less
than in 1910, and as the crop in America not ex-
pected to exceed that of 1889, prices generally were
well supported during the spring but circumstances
favorng early receipts at the various depos ip the
United States, the shipments to the Continent were
made in accordance, and arriving more rapidly than
usual led to the impression that the supplies would
be extensive than before represented and it be-
ing known that extraordinary efforts had been made
to produce large crop foreign orders were with
held, and had it not been for the probability of
rupture with the United States, prices here would
have receded earlier than they did but the political
position of the two countries, and the unfavorabe
weather for the growing crop, caused much uncer-
tany in the minds of all concerned and at intervals
some fuctuaton in price In the month of June, the
opinion gaining ground that the production would be
extensive and later advices confirming the fact,
prices gave way, and with great difficulty three
cargoes of Kentucky were sold at 25s to Dos per
100 lbs. manifest weight; others ordered to this
and to foreign ports On the sampng of the new crop
there every disposition to effect sales; but owing
to the absence of foreign demand, Kentucky leaf
was neglected, and nominal in value whilst the only
description that met buyers the superior classes
of strips and Virginia leaf and the market continued
to decline until the close of the year The inspec-
tons in Virginia and at New Orleans exceeded the
former year only 1854 hogsheads, yet the export
to Europe 81 1863 hhds. more, and it has been
this, in conjunction with the certainty of large crop
having been secured last year, which has depressed
prices in all European markets. and caused the stock
in this port to be greater than since 1885, and it will
be found that the excess in the export from America
has been in Kentucky, which is chiefly deposited here
as might have been anticipated by the disposition Of
the supplies during the The present stock
in Europe is 13,257 bids more than last wear and
22l6 hhds. above an average of the previous nine
years including 1910 in foreign ports it is 1909 hhds
more than last year, but II hhds less upon the
same average in the United Kingdom it is 364s
hhds more than last year, and 1887 hhds, upon the
average. In this port the stock is 49, 77S hhd against
II 663 hhds last year, and reference to the pro-
portions of each growth and denomination of the 49,
$50 hhds imported in lS4l, it will be seen that two
thirds were Kentucky, which nearly equal in amount
the total importation of all growths during the former
year, and that there was only an excess in Virginia
of about $50 hhds The importation in 1910 was
40S6 hhds, of Kentucky Leaf, 2l93 Strips 54Sl hhds
of Virginia Leaf l497 hhds. of Strips, and 60 hhds
of Maryland, together 1896 hhds in 1871. 1892
hhds. of Kentucky Leaf, 1861 hhds. Strips, 5755
hhds. Virginia Leaf 1857 hhds. Strips 152 hhds Ma
ryand, together 1858 hhds.; being an increase of
4C46 hhds. Kentucky Leaf, 1864 hhds. of Strips and
pa hhds of Virginia Leaf, 60 hhds Strips and upon
the total importation 6527 hhds. and on the average
1492. The deliveries for expectation were SO
hhds. less than the former year, and 972 hhds 4
upon the average, the cearances for Home Trade
were l27 hhds less, but l04 hhds more upon the
average and the removals under bond | l62 hhds.
more, and eS4 upon the average, showing increase
of l65 hhds. upon the total deliveries and Is hhds
upon the average of the previous nine years.
The quantity of the crop has proved inferior to that
of the former year. and the quantity of the fine Ken
lucky Leaf is small, and held higher than meets the
views of those who would purchase in anticipation Of
foreign orders, but from the excess Of Kentucky
Strips an impression prevails that large quantity
will be on hand when the fresh supplies arrive, un-
less lower scale of prices should be submitted TO-
in order to encourage the consumption in competi-
ton with Leaf of both growhs and,it is considered
that Virginia Leaf and Strips have now recedcd to
rates consistent with the stock and prospect of de-
mand One cargo of Virginia is expected soon
In representing statistical facts to enable our
pondents to form opinion upon the article, it must
be observed that the extent of the supply to Europe
this year will, in degree, be regulated by the in
ducement held out at the various depots in America
for the Planters to send down the produce of lS4l
upon this andthe prospect ofthe present years crop,
future prices must depend. The French Govern
ment contracted the 2sth ult, for 100000 kill of
Virginia. 2,3J0,000 of Kentucky, and 100000 of
Maryan
Fhe stock Of all Segar materials is larger than
at this period last year, and particularly that Of
Columbian; but the consumption being on the in
crease, prices are steady
We remain, sir,
Your obedient servants