Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1850-10-22
THE TOBACCO CROP.

attention recently, and prices of both leaf
and manufactured have materially advanced,
not only on the seaboard but throughout
the west. The inspections in Maryland
and Virginia, during the year ending the
30th ult., show material falling off as COM
pared with last year, and the recen. heavy
fros's have much injured the growing crop.
From the circular Of Messrs Mcclure s.
Tenn, we make the subjoined extracts:
We are of opinion, from information re-
ceived from all parts of the country, that
the present crop of Western Tobacco will
not exceed $4,000 to $4,000 hhds The
highest estimate Of the Virginia cropis 3d.
900 hhds., while many we'll informed par
ties estimate it at $4,000 hhds., agains. an
unusual crop of $4,000 hhds. The Western
crop Of last season proved rather larger than
the general estimate, having reached 60,304
hhds., including about 1000 hhds. stems,
which would leave the actual receipts Of to-
bacco about $4,000 hhds.
The consumption of American tobacco
has been constantly increasing, while the
production during the last five years has
been on a stand this has caused grea,
reduction of stocks in Europe, and the gov
ernments and manufacturers who have been
holding back for two years past for large
crops and low prices, will, in consequence
Of their diminished stocks, be compelled TO
buy largely Of the present crop. The home
consumption has also increased greatly, and
the stocks in the hands of manufacturers
have rarely been SO small.
The average receipts al New Orleans,
during the four years ending the Isl Of
September, 1916, were 79,S3S hhds. against
an average of 56,027 hhds. during The four
years ending the lst of September, 1850 -
Showing an aggregate falling off, in four
years, Of the enormous sum of 1924
hhds. and this too in The face Of con-
stantly increasing consumption throughout
The world.
The Spanish contract. made two years
since, for 5000 hhds. annually for three
years, has only been partially filled, having
been deferred in the hope Of low prices !;
this being the last year, they will be com
PEELED to buy about double the annual guam
,i,y from this crop. The French Govern
ment is in the same condition, and will have
to fill two contracts from this crop.
Two other governments tina. have been
holding of, hoping the present crop would
be very large and prices low, must now come
into the market. This, together with the
competition of the manufacturers Of the u
ni,ed States, whose stocks are also small,
must create brisk demand for the present
crop, and causes prices, which are already
advancing, to reach point considerably a.
bove the highest point of last season.
Planters now have it in their power to die
tate to greater extent their own prices
Hold firmly, there will be good demand,
and buyers must come into terms, no,with-
standing they may hold back at first.
The shipments Of Western tobacco 10
France during the present year amounted to
only 2,O56 hhds., against 1O,64O hhds. the
year before, which has caused their usual
stock to be greatly reduced, and it is a we'll
ascertalned fact that almost every govern
ment South Of Europe has very moderate
supplies of Tobacco, and must enter into
competition for the present crop, even at
higher prices.
Taking all these facts into consideration,
together with the great abundance and
chespness of money, which never fails to
begel speculation, and we arrive irresis,bly
a, the conclusion that prices will rule high
er than they have done since lS39-4O.
IL