Daily Richmond Whig. [volume] (Richmond, Va.) 1865-1869, 1865-07-25
THE TOBACCO TRADE.


We have received from Messrs. John Stewart
Oxley & Co.. London, their circular Of Sd inst, In
which they report continuance of the unmarried
dullness" in the Tobacco market noted in their
circular of 9th ultimo and add
Looking to the probable causes of this con.
tinued inactivity, we may assume firstly that
manufacturers have hitherto held sufficient stock
to make them for the time independent of the
market, and secondly that they have counted upon
large supplies being realised by the cessation Of
the war In America.
"All recent adyices tend 10 show that the latter
expectation is likely 10 prove faacious and as the
daily consumption Of Tobacco is steadily progress
Ing we may reasonably hope that tbs actual re.
qurements OF the Trade will, ere long, necessitate
q resumption Of activity, and impars more interest
TO our sdvces." f
The stock Of Virginia Tobacco, in London, on
LIST inst, was l29 hhds. stems, 40 leaf; same time,
last year, 1913 hhds. stems So leaf The deliveries
in June last were only 2 hhds. stems, and one Of
leaf. Quotations nominal.
The Liverpool circular Of the same house re.
ports q fair amount Of business in that Tobacco
market-the Irish dealers being the chief opera.
tors For the Continent also there was steady
inquiry resulting in sales of 465 hhds. Home
buyers only supplied immediate wants. There
was no change 10 quotations but the market was
considered steader than when last reported. The
stock of Virginia Tobacco, on LIST July, for
series of years, was as follows
1865 1864. 1863. 1862.
stem i...... '' ....54 2ss 4ss sss
The deliveries in June were hid Va. leaf for
home use" and hhds. stemmed for coastwise
shipment. No quotations given.
The Petersburg Express of Saturday says:
Tie demand continues active for all kinds of
sound tobacco and at very fair prices. Good and
fine shipping and manufacturing leaf Is much
wanted, and we think planters having such will
find It TO their interest 10 send il down. During
the week we note sales Of some fine French ship
ping at S27l 27s We quote fair to good manu-
featuring leaf, in sound order at 10 to 3lc. No
fine manufacturing has yet appeared in market
Lugs, "a 81, as to quality and order There is no
activity for badly funked and moulded tobacco,
and Tor such prices are comparatively low
Receipts very light.
A Virginia correspondent of the New York
World says:
Holders of tobacco in Virginia are unwilling
to part with their supplies at the prices now rul.
ing. Most Of them will not sell before next win.
ter or spring beng satisfied tn II large advance
upon the present price will then be obtained, be.
cause OF the great scarcity OF that article which
Is certain TO follow the rangem INT of the south.
ern labor system. There is not tobacco enough
cultivated in Virginia this year to supply the
wants of her own people. Men in the tobacco
growing counties, wac raised two and three hun
dred hogsheads in ears gone by, will not raise SO
many pounds this year. 1t is supposed that the
production Of tobacco In Virginia for the future
will be limited 10 the requirements of her own
people. The cultivation Of that article success.
fully, required The constant attention and EN-.
ploymsnt OF O certain number of hands TO the
acre the whole year round"
The Lynchburg VirgiHiGa csncus in these
views, and argues that but little more tobacco
will be cultivated in Virginia, as the extra ex.
pense and trouble attending it will deter the most
of our people from engaging in it to any extent.
The cerials will constitute the future crops this
State, and fine gold leaf tobacco, for which the
Virginia planter has been so famous, will become
like many of her hest and most glorious institu.
tons, thing Of the past"