The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-09-08

TIE LEAF ToEACco TRADE IN BALTIMORE
OyrrCEowpED CoSDITIoS OF TIE STATE To-
HAcco WAREuou - Baltimore Sun, 9th. j
All five of the State tobacco warehouses in
This city are now full Of tobacco, and the
Great weight in several o; them has caused
no little anxiety. At No. ) warehouse the
weight of the tobacco stored upon the upper
floors caused one of the main pillars OF the
central arch. which is constructed or built
on the basement floor. to settle several
inches n short time since, and IN ugly crack,
consequently. extended up through the wall
Of That entire arch. The weight was trans
fcrrcd TO another portion of the building,
and woYkmcn were Immediately engaged III
bracing llp the cross-beam resting upon the
arch. which WAS one Of the main ones of
the building.
The Maryland crop of tobacco for the past
wear is estimated mt between five and eight
thousand hogshcad>, and the Ohio crop at
between three and tive thousand nOgShead,
in excess of the crops Of the previous years.
The Virginia and Kentucky receipts are not
materially altered. The tobacco has come to
market much earlier in the season than usual,
and in consequence OF this great deal OF IL
has been opened in bad condition, especially
that from Ohio. The glut Of tobacco at the
mort of Baltimore has continued incessant.
with the exception of three weeks during
harvest.timc, since May.
At the present time all of the warehouses
are full, and several of the inspectors have
been obliged to hire extra stoaSe-room for
fine past three or four weeks. There is thus
evidently vast stagnatlon in the foreign
shipments, which is uscribed to several dis
In IN rl1pp
COMPLAIN of the unexampled high rates OF
freight, consequent, OF course, upon the
scarcity of vessels. Freights last year ave-
ragged about fifteen shllings per hogShcad by
sailing vessel, and between twenty-five and
thlrty-tipe shiings per hogshead by steamer.
This year freight by sailing vessels cannot he
procured for less than thirty shilling>, and
The General price is from thirty-tiye shllings
TO forty marks, equivalent 10 thirty-scicn
s1illin@s siypcncc. This great increase in
the freight charges makes difference OF
nearly one-half Il cent per pound i'll the price
Of tobacco.
Thc supply of vessels from Baltimore to
foreign ports has been inadequate to meet
the demand for several ycars past, and it Is
rapidly becoming totally insufficient, rs each
wear many are rendered unit Tor service,
while others are taken up in the grain trade.
These facts are known to the Shlp-DulIdcfS
OF Baltimore, and it IS somewhat surprising
that there are not more nne Eir@e fesSeis
built to supply the rapidly-lncrea>lnS trade
of Baltimore with European ports.
Another cause for the large amount OF To-
bacco at present stored III the city lllS Dech
owing TO the oTerstockinS OF the German
market lust year. This was done i'll order 10
escape the additional tax which Tie German
Government at that time proposed 10 put
llnon tobacco, and which also stimulated Tie
production of tobacco in Germany, though
of au inferior grade.
The large amount which was shipped 10
Germany has been sufficient 10 supply
their domestic market up TO June last, ana
since when the shipments have been hight
owing to the fact that shippers have storage
TO Dlv as soon as the tobacco arrives on Il
FOREIGN shore, while by IN act OF the ilsC
Mary land Legislature all tobacco Is entitled
10 twelve months storage in the State ware
houses free of cost. This enables foreign
manufacturers to manipulate the Baltimore
market to such an extent that they can Duy
tobacco at low prices, and leave 1t IN the
State warehouses free OF cost until al active
demand or an ncrease'Of price induces them
TO ship. In the mean while the only expense
they have been ut was the interest on LhclI
money, which is much less imam the price VI
storage at foreign ports.
The working of this law may be seen III
the present dangerously ware
houses, whilst outside parties are daily re-
cciyiug money for storage which otier"l>c
world ro 70 tur ioi,rcro. warehouse fnnu.
n.. ,ui,, humber OF hogsneads inspected