New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-09-01

ToBACCo-The commercial year com.
menced with stock in warehouses and on
shipboard not cleared of 7el7 hhds, II ,375 at
the corresponding time in 1873, S512 in 1872,
443f in 1871, 1882 in 1870, 1888 in 1862 2IS5
in 1868 and 3l9l in 1867, while the amount
on sale was estimatad q 600 hhds, against
$4,000 in 1873, 1000 in 1872 and 1900 in 1871.
The market was quoted at re QSl4c for
low to medium Tugs, against Gle q 7lse on
September l, 1873, 81e a SO for good to fine,
against S0SRc, 9h l0Ac for low leaf,
against 90 Toe. 101s q lac for medium,
againet 1Oia a lie, I20 l2lec for good to fine,
against IL Y a ice. and 10 a l4c for selections
opening of the previous year, this was about
= a lc lower for Tugs and Ia lsc for leaf
At the same time there was good cause
to anticipate an advance, from the
gloomy prospects of the growing crop,
which had been seriously injured by pro.
tracted drOuth. 1t was, in fact, estimated
that the entire Western yield would be re-
duced to about $4,000 hhds. against us, 900
IN 1873. The crops of the Atlantic slope
had been also seriously injured. The Ken-
lucky crop was, moreover, late, and there.
fore more exposed to being cut off by an
early frost. In addition to these causes for
higher prices, the Reggie contractors had not
complied with their engagements, the visi-
bic supply was limited, and, with the prob
able moderate growing crop, could hardly
be expected to meet the cOnsumptiye
demand. There was consequently a
good deal of speculative feeling mani.
fest at the delivery ports as well
az in the West, and our market was active
and buoyant, the sales in September sum.
ming up ABS hhds, and quotations raised
until at the close of the>m0nth low to me
dunn Tugs were quoted at ga use, good to
fine at 9h q l0kc, low leaf at IO3, iIAc.
medium at l2013o, good to fine at I3n9
AAo and selections at l60l7c, showing an
advance Of about lc in huge, alAc in low
leaf, l NC in medium to fine and Sc in selec
tions. During the first fortnight of Go.
tober the demand continued active
and prices buoyant until inferior Tugs
were quoted at 9a9hc, medium 60
fine at lob 0lllao, low leaf at 800
tine at l50l6o and selections at l80 2Oc.
showing further improvement of lc in
Tugs, q kc in low to fine leaf and 9 q Sc in
eeiections. Compared with the lowest point
last year. the ruling rates showed an ad-
vance OF DC in Tugs to low leaf, or more than
100 " cent, and fully 5l4c inmedium to fine
lear. This, moreover, it must be observed.
was before the October frosts. the upward
movement being caused by the probability
OF the supply being short of the demand,
and fears OF an early freeze. These appre.
tensions were fully realized. On the eiev. .
enth and twelfth Of October nearly every
section OF the tobacco region in Kentucky,
Indiana and Tennessee was visited by ee.
we're frosts, and there seemed to be little
doubt that not less than half of the Western
crop had been seriously Injured. This was
followed BY killing freeze on the four
teenth, and 1t was reported that not only
ail the standing plants had been badly
frosted, hnt that . considerable QUANTITY
which had been freshly cut green and iust
housed had been seriously damaged.
Under this intelligence factors we're
.till more stringent in their pretensions.
but prices having sheady been forced
up. By the speoulative movement, which
smDraced nearly 80 v cent of the entire
'ales were Of fair extent. at full prices,