Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-01-08
l77.0O0
Total,

Inns eSumate, we neIleVe, is Wllnin the limits.
and Of this. $4,000, say 100000, hhds will be
furnished rom the Western States shaving All
excess in the exports OF the Western States,
alone, for the year 1912 over lS4l, Of full 10000
hogsheads. Now, with this apparent prospect Of
excess Of supply over the extent Of demand for
the coming year, in connection with the pres
sure Of the times, and the condition Of the COM
nercial and political affairs between England
and the United States, is it reasonable to expect,
OF right to demand Of the buyers, the prices Of
last yeal!
In the foregoing, we have preferred 10 give
facts and figures, from which all may draw their
own speculatons. But we deem it due to the
purchasers here, as well as elsewhere in this
State, TO show that they at least are not chargea
BILE with the origin of these low prices. All
the adviccs from other markets correspond in
advising caution and low prices. To show these
facts, we have applied and been kindly permit
ted to make extracts from the private cores
pondence OF several houses in this city engaged
in the trade.
One of the largest trading houses in Liver.
pool under date OF the 4h OF November, 1871,
thus write to their correspondents in this city:
Our prices have now been brought down to
par with those Of London, which necessary to
retain for Liverpool her share of the trade. We
think we have no chance of continuance Of pres
ent rates for strips, where we have enough and
every thing else in the shape of tobacco is decin
ing. If you have large crop and stemmers, go to
| work TO the extent anticipated next year. the ex-
pectations to prices on this SIDE ought to be
very limited"
| From London the advces, up to the 81 OF
| November, are OF the same tenor and purport.
They urge their correspondents TO be extremely
cautious and guarded in their purchases.
A letter from Boston, dated Nov. 18th, says
"A large auction sale of Western tobacco took
place here on the ION inst, and went of rery
b0Hy. Tohaccu is article which cannot be-
forced, except at sacrifice.
| Superior long leaf, 81 II. The current every
dny price of this kind. by 5 TO 10 hhds,, had been
pa IL cts.
| Another superior lot by itself, II. Other grades,
long and very good, ST Ct. Say such as was e--
rinsted previously at IA 8. Bnll--Eye, very good,
| 81 80. Such as had been selling at J.! SC.
A letter from New York, written by one of
the principal traders in this line, dated the 9th
December. says;
"Among all the articles Of commerce we know
any thing Of, there does not appear TO be any re-
Iardng which there is more necessity to exercise
caution, than tobacco. If the crops in the West
anything like large they are generally re-
ported--"65. 900 to 80 900 hhds"-and the markets
of London and the Continent be anywSe decently
maintained during the winter, then must we see
the price in New Orleans Viewed in conjunction
with jreightS 20 Eurupe) as low has ever been
| known. Let 10000 hhAs. be received at new Or.
leans this season, and the price of p and 4c for
x ends and lists, would be far from an eligible in
| vestment The sooner prices come down there.
| the better, OF course, for your Stemmng friends
But we fear they will have laid in all their supplies
Of leaf. before he New Orleans market has fuund
bottom; that decreasing prices will but serve to
ma e them extend their operations, without refer
ance 10 the supply of strips req Tired EHg!ani.
and that the English market is destined. lhr,efOre.
10 be- perfectly Inundated herewith. next year
Under such circum stances, heg O1LY, could hone 10
make any money. who aim at the highest excel
ence in quality, rather tina any increase in Juan
tty, And we trust the instructions IN tlis head,
which nur house in Liverpool lately gave OBI Nov }
10 all your slirucntS, viii suffice 10 make tIeT
strips sell promptly, when others will have to be
held possibly, untl the owners are involved in loss,
2Ic for good crops, is qlite high enough"
Aonother letter from New York, dated 24th
November, says:
ave did well to push of yonr tobacco-prices
are declining and there is an increased disposition
TO sell IN the part of the holders. In view of the
large stocks upun the the Continent and in Britain.
and the certainty OF Il large crop mere, we are OF
ouinion that tobacco is destined to rule very low
next year perhaps lower than was ever KNOWN
We would, therefore, certainly recommend eau
tiOn in your operations, unless at low prices.
Tobacco Of fine quality, long and free leaf, well
handled and cured, will sustain, comparatively
better prices; and no doubt much the largest pro.
portion Of The stock product will be quite inferior
wa think, therefore, there will be greater differ
ence made in the relative qualities of tobacco, as Il
| price. than ever before.
"Inferior qualities of tabacco are selling here a:
f6w as "a SIC we nrean qnits low--snd niSdiipe