The republic. [volume] (Washington [D.C.]) 1849-1853, 1850-01-12
The Tobacco Trade.

Jacob S. Fans, tobacco broker, of New York, has
put forth elaborate report of the tobacco trade Of
that city for the past year, from which we extract
the following remarks;
Kentucky, Virginia, and South Carolina--dur-
ing the year prices have been well supported, and
in the latter part decided improvement has taken
place. The better feeling in Kentucky leaf has not
been owing to a short crop; II is estimated that
the receipts in New Orleans, for 1850 will not fall
short of so 900 hhds against s., 900 in lS49, and
so 900 in ls4s; but the real lays principally
in the reduced stock, and the good demand Tor the
European market. II is thought that so 900 hhds,
the produce of the States OF Kentucky and Missouri,
will be amply sufficient for the demand. The crop
of Virginia and North Carolina was hardly an ave-
rage one--say some ~, 900 hhds; and owing TO the
increased demand for manufactured Virginia, IL
will require full q, 900 hhds. TO meet the wants OF
the manufacturers there; leaving II, 200 hhds. for
the remaining States and Europe. II is the gene
raj belief that prices for Kentucky and Virginia to-
bacco will advance still higher before the spring
trade is over. Holders at present are very firm.
Maryland and Ohio tobacco has, during the last
year, been bought more freely for home use than
ever before. The high rates demanded for common
Kentucky smoking tobacco having forced our man
ufacturers 10 take II equivalent for the latter;
and when, in former years.. IL was hardly ever
quoted in this market, have, for the past ten
months, been compelled to estimate Il Of as much
Importance as almost any other description
Connecticut, Pennsylvania and Ohio seed leaf
were during the whole year, and since
the new crop Of the former description has been
brought forward, IL has been bought up freely for
shipping and the balance Of the late crop Is now I'm
the hands Of spectators.
The Ohio Spanish seed tobacco has also been
bought up speculation, and IL rs more than pro-
bable that all the Pennsylvania will be taken in the
same manner. There can be but little doubt but
that, during the ensuing twelve months, prices for
this description viii rule high. Our segar manu-.
facturers have nothing else TO fall back upon, and
so long the production of the same does not In
crease greatly, will hardly have enough 10 meet
our own demand, even when mono In bought for
shipment. II will thus be seen, that we can put
our valuation this article, independent Of
foreign demand.
The new crop of Florida leaf has been large, and
Of fair quality in consequence Of which prices
have slightly receded.
The crop Of Havana leaf, Of 1s4s, has been 30 in
fcrior that very little attention has been paid 10 H.
The growing crop is represented being very Ia
vorablc, and, should this expectation be realized,
IL will command remunerating price In tins
market.
The last crop Of Cuba leaf having almost entirely
| failed prices have advanced twenty per cent The
stock at the close of this year s smaller than ever
before.
Yara leaf has boon in good demand, and during
the year the quotations were we'll supported.
st. Domingo has met with prompter sales than
for some years, owing 10 the scarcity Of Spanish
| seed leaf
During the last six months, tho stock Of manu-
featured tobacco has been exceedingly small, and
prices have consequently. improved nearly 80 per
| cent A good inquiry perccptiblc during the
| whole year The direct importation Of segsrs were
| MILE Or Brs Jyg Brs.