The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-12-01

IG. DEL EMBER /, 1875.
btr,,,l 1915, 70 soth November. 1s 20, s,sss hogs-
The quantity Of. loose tobacco sold since
the LIST or October last is largely In excess of
The quantity sold for the same period last
year, but our reporter was unable to get the
figures. The quality Of loose received mp to
this time. has been very Inferior, and the
price has ruled low. s.F-
It win be ssen from the above statement
that the atoek I'D the city yesterday OF all
grades was only 2.44 hogsheads, against
4.7M hogsheads as the same period OF last
Il! rae sfenmins Traie.
q "a, Dispatch reporte yesterday visited the
large stemming a6lishment OF Messrs.
Scott q Clarke, located on Twenty be.
tween Main aud Cary Streets. - - &, .si- .a
:. In an interview had with Captain ID. y.
Clarke, O. member OF the firm, there was OBJ
tained the following Information Virginia
Is the second State in the Union no1 enc
gagged lii The stemMipg business, Kentucky
being first. Ia this city thereare nine stem
meries, the largest being that Of Scott &
Clarke. whose. premises cover more than q
third Of q square. The number in existence
here now is double that anterior to the war.
The business consists in buying tobacco
not IN safe.keeping order, stripping It of iis
stems, curing II, and prsziDg it for reship.
r,fent. ALI the tobacco thus manipulated In
this country is shipped to Europe for the
reason that the purchaser in the foreign
sl,ak he's 60 frrfx m a
ninety, cents per pound. As this is free
from stems, he Of course saves that amount.
A hogshead of strips Is seldom sold in
this market because it would not pay a
manufacturer 10 use 1.-THE price would
'be too high for him to work Ii to advantage.
While some tobacco factories are at work all
the year round, the stemmiDg season only
lasts a period OF nine months, being from
November to July. At this time they are
busiy engaged in buying loose tobacco and
preparing 1t for the shipping season, which
commences late In the spring. They usually
buy tobacco that Is long and leafy. Dealers
say that this years crop is regarded as very
inferior for stemming purposes, but very
good for manufacturing, bavirg good deal
Of color but devoid of body and substance.
Also, that tobacco is perhaps thirty-three
and one third per cent. higher than it was at
this time two, years ago. Last year prices
ruled higher, as there was short crop. Some
Of the stemmeries In this city cure their strips
by steam but those who cure 1t naturally
Chat is, by air) think that the former pro.
cess the better one This market ships an
nually to foreign ports from two to four
thousand hogsheads Of strips, the greater
portion Of which goes to Great Britain, and
the remainder to Australia. Most of the
tobacco sent to the ports named Is sold on
orders. ~
The European market just now is dull il
consequence of the large crop reported tc
have been made in this country and, as has
been previously stated, the crop is inferior
but it is thought that prices for selections
will be maintained. A good trade the com
ing season is anxiously looked forward to
The grades and prices ruling per latest Eng
Iish quotations were: Common, 8 10 10d.
medium to good, 10 to Id, and fine from ].
to 13d., according to length and quality
About an equal quantity Of each grade i
shipped from the Richmond market.
Z The Manufacturing Business.
A member of one OF the oldest and best
known manufacturing firms here said t
a reporter Of this paper yesterday iba
a. this time business Is not very ictiye
He accounted for It by the fact tha
good old Virginia leaf for manufacturing
purposes is scarce and high. Most Of the
manufacturers are careful about buying be
cause of the high prices prevailing and feal
of having on hand large stock should price
&c line. They. think that the ne crop vii
bring prices down; and there is hardl.
enough Of the OLD on the market to supply
the demand. II there was short new cror
trade would abe - in "a healthier condi
ton. Manufacturers are carrying jus
enough to meet the present requirements
Stocks of manufactured tobacco are light al
over the couutry-pot only here, bpt In NeV
York, which is the great centre Of the trade
The iobbers throughout the South and Wes
carry small stocks. The general impression
is that next ) ear promises TO be fine one q
well for manufacturers as for buyers.
The factories are now winding up for tb
year. They have done pretty good bust
ness, though they have not made great dea
of mopey. No doubt more might be dom
this season If the leaf supply was sufficient
Virginia brights are, however, scarce ant
high. No value can be put upon them
They bring fabulous prices.
The new crop is coming in very early, ant
is of good texture, particularly the bright
Most of the tobacco offered for sale now !
new bright and Western. Very few oil
hogsheads of Virginia are on the market.
In February and March the factories vii
resume operations, but the supply for hom'
markets will not be manufactured until abou
April or June. About that time this year
tobacco will be in such condition that it cal
be worked with safety for home markets..
At no time since the close OF the war ha
there been so much loose tobacco sold ant
handled 10 this market. The season has beel
very favorable for handling, which account
for It coming in so freely. There has beer
so much loose that prices have ruled yer.
low. The fact is that old has been quit
high and new quite low.
The export trade this year has been fair
but vet short of what 1t was last year.
The southern markets bought in cor
al derable Quantities here about TWO month
ago. Our manufactures sustained losses U
the amount OF SO. 600 by the failure Of soirs
& Belt, Wertebacher & Josephs, and Bri
& Block, tobacco. dealers, OF New Orleans.
The direct trade between manufacturer
and buyers has been larger this year tnal
last. The trade seems coming TO tlrst hanGs
Bug ers are purchasing from factories NOR
freely than ever before. 1t is believed tha
| If Congress would reduce The tax on tobacc
much more would be manufactured ard cor
sumed, and the revenue to the Government
would be even greater than tits now :
~ PREVAILING PRICES.
Captain Henry Carter, OF the firm OF Nor
gan Il Carter, proprietors OF the Manuiac
| tured Tobacco Exchange, stated that ID
amount of stock Of old desirable .goods 1
our factories is unpreced edenledly light, an
the leaf stock to make them very scarce an
prices high. Some new WORK ts being oHere.
OF common and medium grades. but is onl
taken in small lots and W whereit can be qulcf
tIY handled. As long as old goods can De ha
little OF the early new will be sought alter
| - ,I,ho,,nh n NAV ba offhrad az lowe