The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1871-10-06
OUR TOBACCO MARKET.
REVIEW OF THE CAIRO TOBACCO MARKET
For THE YEAR ENDING SEPT. 30, 1871.

REVIEW OF THE CAIRO TOBACCO MARKET
FOR THE YEAR ENDING SEPT 30. 1871.
AT the commencement of our last COM
mercial year. Oct. Let, 1870, the tobacco
-arket presented anything but favorabl,
or promising aspect for che future Til.
trade was without organization and no ef
.'t was made to secure shipments until
the season was far advanced ID. Hurd a.
son. The present proprictors of the Ballard
tobacco warehouse, took the matter In
hand and on the 7th day of February
1870, opened the season with the first sale
since then the sales have been regular and
receipts, TO tho close of the season. more
than could have been anticipated, and the
proprietors of the Ballard warehouse feel
encouraged to that extern, that they have
made ample Arrangement to handle with
ease and facility, all the tobacco that may
offer during the coming year.
AT the opening of the season we had but
few buyers except our local ones, who, be
it said 10 their praise, came forward with
commendable libcrality and took all the
offerings at satisfactory prices. Soon, how
ever, a regular board of marspfucturinp
buyers firm abroad was organized and
steadily increased when at the close Of the
season we had orders on our files from
London, Bremen and Antwerp, which We
could not I'LL entire, owing TO light re-
ceipts. e.
In referring TO our circulars to planters
during the past year we find nothing in
them to regret, and our predictions have
been mainly fulfilled, and where our ad-
vice has been taken the planter has been
benefited with honest intentions and a
strict regard TO the interest Of the planter
and carefully matured advice, we have
sought to lay before them, from time to
time the true state Of the market and hope
they have proated thereby.
| Prices have steadily advanced through
| out the 20 season f' on all grades
except bright, which article reached
its maximum in June, and has ruled
lower tsiuce. At the close of the
year our market is very firm, with a strong
tendency to a further advance. This, how
ever, we think is entirely speculative.
The stock of 1870 was no doubt over.es-
timated, but not as largely as is sup
posed by some. There is yet in the
hands of the planter, and local Spectator,
several thousand hhds. to come forward;
and as TO the crop Of 1871 there will he
fully of the amount actually prod uced
in 1870, and OF a better quality. The man.
ufaciurer is pretty well supplied. Foreign
orders are nearly full aud, as we said be.
fore, the present connition is more Of a
speculative one than from actual neces /.
ty, AMI we expect To see the staple rule al
about preaeBt prices until, say February
when the new crop will commence NOV
ing and prices will receive check.
So far as we can learn, the fros, has no
injured any tobacco, and the crop Of ls7
we may consider safe. There are som'
vcs,udes to overcome, but all within tn
control of the planter, and we may safcl,
congratulate him.
Tho coming year We cIpcc, to chalIeng
the world on bright wrappers, both Is
to quality and quantity, cured by tb
Wakefield process.
, The prices in our market have range
from 81 60 to Slls per 100 pounds, and III
average price per hid. has been $3.50.
With the increased popularity our mar
kct has gained, both at home AMI abroad
we cannot but look forward to an incrcis,,
supply for the coming year as our deman,
is greatly in excess ef receipts.
ID. HUED & Sos,
Proprietors Ballard Tobacco Warehouse
CAIRO, ILL, October |, 1871.