The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1874-12-04
baltimore Tobacco Market.
BALrIMoRE, November 30, ls7i


Editors Of the Register.
Our last circular was issued or the 18th
ult., and we had since II fairly active
market for Ohio tobacco at gradually ad-
vnncing prices. The main purchasers
have been Mr.. Gortcr for Italy, and
Messrs. Bonlnger for their Dusburg fac
tory, while shippers To Bremen and other
open markets had to withdraw at the
advance, prices hero being much above
parity Of those abflad.
Recently, however, Mr.. Gorter also has
stopped purchasing, leaving the Held for
the common Ia medium grades tn Mcssrs.
Boningrr exclusively, and, in c"ns"-
quence the market has not shown IL
wontcd activity since the middi" OF this
month. Still the feeling Is very firm
and we do not doubt but that present
prices will be fully maintained Tor th"
old crop.
Scraps, IL fairly clean, have been sell.
ing freely at 50 TO s..
Home manufacturers are not taking
hold as freely yet as might be- expected,
which We attribute partly to the un'-tis-
factory state of trade generally, though II
connot be denied, that Kentucky and
Virginia Tobaccos are likely to maintain
the preference even at the present large
difference in prices.
The New York market has also become
less animated Of late stocks there having
increased during the pat month 20 ~,
1856 hhds., against lG,s3s hhds. in 1873.
1891 hhds. in 1872.
Stocks here to-day amount 10 1874
bhds, Of which about 1900 hhd'. are
Ohio tobacco, viz: fully 1890 hhds. IN
bands Of agents and specnlstor and about
400 hhds. in the hands Of shipper. Th"
inspections Of Ohio tobacco amount I"
q, ,079 hhds. and there are more than
1909 hbds. ofthe old crop 10 come for
ward yet.
Regarding the new crop, We learn that
it il generally inferior IN quality, and
partly damaged by frost Notwith-
standing, it is being fought up eHg"riy
al prices from s2 ~ So above q parity Of
present market values here, and We can
not but look upon the whole movement
NJ a highly unsafe and unhealthy one,
though, that some parties IN Ohio will
buy anyhow, no matter ut what figures,
and in tbi, respect il Ia fortunate that
they cannot hurt themselves severely, q.
the crop i 80 small.
II may be argued by some that
we had higher prices than the present
ones in 1851, with 3 larger crop then
than now. But il must nd be overlook
ed that at tho time referred 20, We bad
four ,mall crop in succession, viz: TO-
3g2 hbds- 1886 hbds., l0,097 hbd.. and
7,g40 hhds, giving an average supply of
only 1924 bids. per year th" pre-.nt
small crop, however, has been preceeded
by two large ones, viz: 24,I2G hhds,
and about 1000 hbd,., giving, with the
new crop Of say 1900 hhdS. only, an
average supply Of 1902 hbds per year,
or s5 per cent. more than IN 1888. IL i
true the consumption has also increased
since, but at the highest rate We cannot
place il at more than 6hy per cent.
These statistics for Ohio tobacro do not
poiu, 70 scarcity Of this growth, nor u
extreme prices in consequence; and high
thew are already Ia cur opinion.
The denand I. .tili mainly for the
common 70 medium grades, and We ex-
pest It TO continue 60; sccordingiy, ~e
advise 70 commence packing and for
wsrding the common sOrts of the new
crop a. soon ss po-sible, and To manage
the packing generally with view Of
having the entire crop in the market
ready for sale by Nay next, a. later in
the season The Sew,pIsDtieg, which, no
doubt, win bs lsrge svsry yvhere, may Of.
feet prices. sysig ~.
We also advise our friends 10 forward
the balance Of their old cfvp before the
close Of the shipping season, in order u
have the tobacco here ready Tor sale al
any time deemed advantageous 70 owners
Very Respectfully,
GIEsKE& NfEMAsS.