The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1876-10-04
Ohio Tobacco Market.
BALTIMORE, October =, 1876.
Editors OF the Register.

Editors Oh the ne glster.
The TRANSACTIONS in OHIO Tobacco dur
ing the past month have been but limited
and the total sales embrace only about
1000 hhds. As the most Of our buyers
have filled their orders our market is at
present dull, and in the face Of the large
crop raised this year has rather declin-
ing tendency. The stock row in agents
hands consists of 5000 hhds. of mostly
French grades and of common descrip-
tons, many of them being early inspee-
tions, for which there is no demand, and
unless Italy SHOULD issue large order
vet, the probability is that the bulk OF
tins Tobacco will have to be carried over
to next year and will be brought into
direct competition with the crop raised
this year.
According TO reliable information we
think the new Ohio crop is large, ex
ceeding 10000 hhds. and is OF rather
poor qnality and unless great caution
Is exercised in buying of the same we
fear there will be another disastrous
season. Unfortunately for the last few
wears the business in Ohio Tobacco has
been very Improbable for all the parties
engaged in the trade, caused principally
by the eagerness OF many buyers 70 Pur-
chase Tobacco Unfortunately, ana AZ
high prices, without paying due con:
| sideration to the state and prospects OF
the market. This combined with the
hard-u and general stagnation in the
business has resulted. in heavy losses.
We regret to state that the consumption
of Ohio Tobacco instead OF increasing
he's steadily decreased, which the follow
ing figures Will prove: In 1872 the
French Government gave contract for
1000 hhds., in 1873 and 1874 for 45Oo
bids, IN 1876 for $500 hhds., and last
spring for 5000 hhds. AS the new crop
undoubtedly contains large quantity
of French grades, we do not see how we
shall be able to dispose of this Tobacco,
unless 1t is bought very low AS france
is one of our principal customers, unfor-
tunately we are dependent 10 great ex-
tent upon the quantity of the Tobacco
! they need and the price at when tRe
contract is taken, and buyers Tor other
markets being well aware OF this TACT
generally hold off until the French buy
ers have made the break, and then they
enter our market and buy the TOBACCO at
correspondence low prices. As the
dark heavy brown and greenish Tobacco
so-called French grades y owing TO the
limited demand Is difficult to dispose OF
and often has to be carried for years and
generally sells at Improbable rates, we
think this Tobacco should be bought Tor
less money than other grades which sell
more readily in our market and COM
mand higher prices. 1t should further
be considered that all foreign rs well as
domestic markets have laid in this season
full supply Of Ohio Tobacco and unless
we are enabled to offer next year Ohio
Tobacco at very moderate prices we can
not expect TO dispose of the present large
crop.
The crops in Kentucky, Maryland and
Virginia, for which the prospects some
time ago looked unfavorable, have inn
proved considerably of late owing to pro-
pitious weather, and there will be an am-
pie supply of these descriptions for ali the
demands of the trade The crops of Tobac-
co in Germany and Hungary, which had
heretofore suffered from dry weather,
have also much improved of late.
Under these circumstances we would
earnestly advise our friends to be very
cautious IN buying, and we think the
new crop should be bought as follows;
For good sound average crops of dark
heavy brown and greenish Tobacco at
$3.50; light red and spsngled crops at
$500; extra fine splangled and yellow
choice crops at So so. If higher prices
are paid farmers will be induced to raise
a very large crop again next spring,
which would cause total break down in
our market.
The inspections of Ohio Tobacco up to
date are l1l07 hhds. against 5,S49 hhds.
IN 1875. Yours truly,
WILKENs IL BEALL