Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1873-02-01
ENGLISH TOBACCO MARKET.

We extract the following from a
late English tobacco circular issued by
the firm of John Stewart Oxley & Co
LONDON, BIRD JANUARY, 1913.
In our last circular, dated Bird ult a
continuance of activity was reported
in the London tobacco market, and in
the interval that has since elapsed, al
though the transactions, as usual at
this period of the year, were moderate
in extent, they have, in all cases, fully
sustained the advance in prices previ-
ously established.
The general position of the English
tobacco markets has undergone q ma
terial change during the year just end
ded, and an examination of the accom-
panying statistical statements and rela-
tive quotations will be found interest
ing. On looking at the present posi-
ton of the article as compared with
that of year, it will be noticed, that
while at the last named date, the stock
of tobacco in this country exhibited a
large aggregate increase, indicative of
IN adequate supply for the purposes of
consumption, on the present occasion
the figures show marked diminution,
and consequent material advance in
the value of all descriptions.
The course of the market during
the earlier months of the year, was
not enlivened by any particular activ-
ity; later on, however, in consequence
of repeated advices from the United
States reporting that the make of
strips would be unusuallyfsmall, con-
siderable purchases of stemmed tobac-
co were made, not only by manufactu-
rers, but to some extent, also for re-
sale; the demand extended in great
er or less degree to all other descrip-
tons, and having since continued, the
year closes on an extremely strong
market.
The stock of strips at present exist
ing in the United Kingdom being ad-
mitted to be moderate, as compared
with the requirements of consumption,
steady market for home trade quail
ties may be anticipated for some
months to come; at the same time,
however, it will be well for stemmers
to keep in view, that existing prices ON
this side are the result of exceptional
circumstances, and with the prospect
of largely increased preparation of
strips, as well as of an extended cult
walton throughout the tobacco produc-
ing States, they must be prepared for a
material modification Of values, as
soon as the markets are replenished to
the extent which it appears reasonable
to anticipate.
LIVERPOOL, 4th JAN, 1873.
The transactions in this tobacco
market. during the month of Deem
Der, have been full y up to an average.
The tobacco trade at this port has in
creased wonderfully during the past
few years, and now takes the lead in
stocks and deliveries. The total
stock in London and Liverpool does
not come up to the deliveries for the
past year but, upon examination, it
will be found that the great falling off
is in the stock of strips, which are
only sufficient to last, at the present
rate of consumption, for ten months.
We may add, that with regard to
substitutes" there is nothing to fear /;
and so we commence the year with the
trade virtually at the mercy of Amer
lean tobacco And, with prudence in
buying and careful handling, we hope
that the new year may prove happy
and prosperous one to all our Ameri-
can friends.