The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-06-12

which cannot exceed 10000 hogsheads
and may not produce moro than 5,00C
hogsheads. We are very glad to learr
this, as q very small crop Is absolutely
necessary to prevent 0 further decline,ir
Whileiwo have no doubt Of q gradual
advance In prices from now on for the late
inspections Of oil grades except very com
mon, and believe that fine grades, In good
condition, will bring last years prices
We can see no cause Tor an advance on
the carly packed common descriptions,
and Tobacco In more or less doubtful
condition equal to the enhanced cost oi
holding It. Ofcommon Tobacco an over.
abundant quantity has been produced
for the past two years all over this coun.
try as well as In Europe, decidedly more
than can be absorbed by the legitimate
and regular demands Of the trade, and
the still very unsatisfactory state, OF all
markets in Europe refers principally 10
low grades.
Turning to Ohio Tobacco excluslvely,
we find that the regular yearly demand,
besides the quantity taken by the French
Reggie, amounts 10 about 10 900 hhds,, dis.
tributed as follows: ~ rlr
Bros. Bonninger 5000 hhds, Bremen
5000 hhds, Home consumption 1900
hhds., Sundry German Factories 1000
hhds England 1000 hhds!, and Austria
900 hogsheads. The demands of the
French RegiC have 1nctuated from
4 800 to 6000 hhds., averaging 5000
to 1000 hnds., and are this year 4,s00.
Occasionally spain and Italy have also
helped to relieve us Of surplus Of 1000
to 1000 hhds, but so far there are no or
ders from those Countries, probably on &C.,
count Of the low prices Of Kentucky and
Virginia lugs and leaf, their staple and ta.
vorite.
The inspections OF Ohio Tobacco for
the past twelve years have been, inclUd-
ing Te.inSpectsOnS:
In 1869, 14l59 hhds; 1868, 1860
hhds; 1864, 1902 hhds.. 1865, 81 l,98l
hhds.; 1865, 1896 hhds; 1867, q sos
hhds; 1868. 0.644 hhds; 1869, 1918
hide; 1870, 1854 hhds; 1871, 144S3
hhds; 1879, 18.347 hhdsS 1873, "a, ,12G
bids In all 1877 ASS hhds, or 10, ,457 hhds,
average a year, which have been absorbed
with the occasional help OF Italy and
Spain. ~ rS .Ef}p q. ''F
Taking now the productions of the past
two years, which amount TO lully $4,000
and 10000 hhds., and adding for the new
crop to be grown only 5000 hhds, we
have quantity to supply tho demand
for three years, oil $4,000 hhds., or over
10000 hhds. ayeaI; or taking the stock
Of old Tobacco LEFT unsold In our market
on January 1st., 1874 some 1000 hhds.
together with last pears crop OF 10000
hhdS., and the production Of the coming
crop Of I, 1000 hhds,, all Of which are low
estimates-we have for o supply OF two
years $4,000 hhds., or $4,000 hhds. q
year, while as shown above, but 10,500
hhds. q year arc wanted, even with. 8
demand Tor 1900 hide. year from Italy
or Spain, which at t.present does not exist.
OF course, q larger quantity than the
above may be absorbed; but only In case
Of moderate and low prices compared to
Kentucky and other grades. iis-r s3e
In tho face Of such facts, It seems 10 US,
that to hold on and to refuse selling the
common and undesirable grades, which
are IN more or less doubtful condition be.
sides, would be the very policy to defeat
q gradual advance. Heavy stocks would
necessarily accumulate, and the principal
buyers, BY combining with any large spec.
ulators that might turn up-and small
ones would not improve the situation ma.
teriallY-could easily 80 manipulate and
work on such large stocks, which at one
time or another must bG sold anyhow,
that the buyers would reap the benefit
exclusively, and leave to 9the present
owners and holders the privilege Of pay
ing for the loss by interest, storage, etc.
The situation would be different entire.
ly, II the past and prospective production
were not more than sufficient tor the sup.
ply of all regular demands, and II the
Tobacco now In market consisted mainly
OF desirable grades in good keeping order.
We renew the advice given in our last
circular, 10 pack and forward as much as
Is practicable, tho spangled, lightred and
air-cnred descriptions first; and to keep
the French grades to thelast j 2 !
In view OF the wider range Of prices be.
tween common and fine grades than has
been usual Tor few years past, we would
again impress upon packers the great i'm.
portance Of carefully packing and hand
ling the Tobacco throughout. .l II.n
The inspections Of Ohio Tobacco to date
amount to 102S5 hhds, against 11,75O
hhds. last year. ! q
Very respectfully, sma
GlEaKE & NlEMANN.