The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-10-05
Ohio 'r0baeco.

, BALTIMORE, Oct. ID, 1877.
Editors lnlellIgtncer;
The transactions in Ohio tOs.sac.s dur.
ing the past month embrace about 1000
hhds. At present our market Ia rather
quiet, and the stock in agents hands Ia
large, amounting in all 10 about 1000
hhdS., much Of which we are afraid will
have to be carried over into next year.
For Epangled grades the demand has fall.
en- of and former prices can hardly be
obtained; there is also but little demand
for Gne leaiy red tobacco, which Is diff.
cult to cell even nt comparatively low
priCes.
As regards the purchase OF the new
crop we think 1t should be bought at
about the prices that were paid last year.
The prospects for the new crop some
time ago, owing to dry weather, looked
very discouraging, but the late favorable
season has helped the growth wonderful.
ly, and we are now Of the opinion that the
crop will reach fully $4,000 hhds. As.
suming that at least about 5000 hhds. OF
old tobacco will be left on hand by the
frat Of January next, this will give US
10000 hhds. to dispose OF next year,
which amount is largely in excess OF the
usual demand following as It does last
years full crop, and therefore We can
hardly count upon higher prices. The
other tobacco crops are very large, Ken.
tucky being estimated at 10000 hhds.,
Virginia G5,OOO hhds., and Maryland S5,.
900 hhds.; as these grades are generally
preferred to Ohio tobacco which Is used
in great measure as a substitute, it is
evident that il these hergrades sell low,
Ohio tobacco cannot be expected 10 bring
full prices. In order to show how low
some Of these grades are selling we beg
to mention that there are at present from
5000 to 6,000 hhds. Of common sound
Maryland tobacco in our market, which
can be bought at the very low price OF
three cents per pound, but cannot be dis.
posed Of at even this low rate.
AS the French have received a large
amount Of Ohio this season, it is likely
that they may issue but small contract
next year and take more Maryland tobac.
CO, We understand, that there is large
proportion OF bright tobacco in the new
crop and would caution our friends par
ticularly not to pay too high for spangled
and yellow descriptions; there being only
a limited demand for these grades, they
may not sell any higher than brown and
and red tobacco in consequence. The
Bremen market, our principal customer
Tor light and red spangled tobacco has
ruled very dull and dragging all season,
and there are no indications now that
business there will soon improve. The
low premium on Gold, which il at pres
ent lO3 per cent and biz CHER ocean freights
also effect the prices OF tobacco injuri.
ously.
In consequence OF these facts, which
hold out but little hope for n brisk and
prosperous season, We have 10 repeat the
warning TO our friends by no means to
pay above last years rates, as this would
only stimulate growers into raising
large crop. The experience Of the past
has shown conclusively that there has
been an over production, and to prevent
this for the future seems 10 US OF vital
Importance; at any rate only moderate
crops should be encouraged.
We consider the following prices rs
safe: gay, for good sound average crops,
Of dark heavy brown and greenish to-
bacco 81 90; light red and spanged crops
s. 90; extra fine spangled and choice
yellow crops So 50 10 81 90. Frosted
and unsound tobacco should either be
excluded from all purchases or not over
30 cents per 100 lb. should be paid.
The inspections OF Ohio tobacco up to
date are 81 ,0sS hhds against Ii, ,OO5 hhds.
same time last year.
WILKENs & BEALL.