The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-10-18
FINANCE AND COM MERGE
THE TOBACCO MABKtT.
Awarding Premiums at the Exposition.
state OF Trade.

non VlluihE Oh lhc ~oi anu ~" '"0' 80. -
and tina, premium sales should take place
at the said Exposition on the 25th instant.
commencing at 1870 o'clock. Also that
other than premium tObaccos may be
listed Tor sale at the same time and place,
provided not more than 100 packages
Shall be 90 listed, unless the lit OF pre-
MUM sales shall exceed tina; number.
4 prominent member Of our Tobacco
Trade saws. Il believe that all grades
OF tobacco reached their lowest point
two or three weeks ago, just prior to the
frosts when prices of sll grades had been
discounted owing 10 The anticipation OF
large crop In the West Since that
time material damage has been done TO
the tobacco crops in Virginia. and in
some localities in the West by frosts and
premature cutting, and with a good
healthy demand from the manufacturers
values OF tobaccos have undoubtedly
advanced. Buley, particularly the inner
grades have advanced 3 10 cents within
the last three weeks, while medium
grades Of this growth have advanced
cenis. Good 10 fine dark leaf is steady,
without being notably higher, with an
advance Of half cent reported on Tugs
CAS- far as the future Of all good TO-
bacco is concerned | think the strength
OF its position on the present basis OF
values is assured 7 he stocks OF manu-
featuring tobaccos 10 The markets OF the
West are small JObbers, on account OF
the AGITATION Of the tax question, have
Kent clOse n st0re,' aud now have 10 50 no
il tleir orders Manufacturers. too. md
themselves without leaf and must 20 on
tie markets to buy.
IL DO not think the advance is specula-
live but due 70 an increased demand Tor
Mug. and healthy reaction from the
cry low range OF prices for common
grades exis ing during the summer anu
early fall"
Mr.. N. 7. Smith (of VI. T Smith X
Coz dealer in common grades from
Henderson, y G., says he thinks that to-
baccos in the new crop are mean an ! M
dtsirabh.
Messrs. S,rouse & ROah The gen
sr,l tenor of our cOrrespoi dence Ia that
he crop Is certainly a very poor one ;
,r DO not know the percentage OF The
/ image done by frOsts, but We think
beyond a doubt One-fOurth Of The crop
has been badly damaged. Leaving frost
out of the question. the crop would have
been very poor one. Anything alter
tie first curings is poor and DARK and had
no color to il. We have gotten fifty let
tiers. more or less. from North Carolina,
al ka q
friends. a most conservative man writes
ps, that we will not be able TO buy any
desirable tobacco out of this crop"
Mr. Tazewcll NJ. Darlington, OF Car
rington x Co.: Il was in some OF
,he upland markets yesterday, among
others. Danyille and South Boston,
aud found trade quite active; the
new crop very mean. ant starting of
rcrg high everybody looking for brisk
trading on al manufacturing grades Of
tobacco Seye al merchants are reported
as having made very large sales in the
last zen days
Mr.. w. N. Watkins (of Caswell and
Person COUNTIES, N. c.: I'm our locality
they say 1t is the worse crop ever grown
ia these two counties-wOrse frosted
than the cop OF 1881 ] have seen no
new bright except in Few barns con
.aining tobacco cut in August. About
| half Of the crop v as damaged by frost or
] by cutting il green 10 escape the frost !
I rode all day long Monday and did not
pass a barn where people were not busy
curing tobacco, which is a most unusual
thing at this period OF the year Our
people are not trying TO cure tObaccOs
| yeli0r now, but are trying 10 make good
dark chewing tobacco"
Mr.. James T. Parkinson (of T. G.. Will
| iams x Col: II think that bright wrap
pers occupy strong position but from
the best information get ! believe that
there will be fair proportion Of ma
hOcany filters and good many ma
hogany wrappers"
Mr.. 4. OsteTlOh German Consult Il
think the present crop bids fair TO eclipse
ANYTHING ever raised IN inherently, and ii
would be q blessing to al interested ii
I that part OF the crop, either cut green or
+ frosted, could be returned TO the land as
manure All old tobaccos Of any &c
scription smokers, ilers, cutters or
wrappers occupy very strong position,
as The supply for many months to come
will have TO be obtained out OF these Old
stocks, and many manufacturers OF repute
viii never, if they can by any possibility
avoid IL, use any Of the inferior crop Of
ISIS
Messrs Carr & Dickinson "a letter
from our spondent, Mr.. II. Thomp-
son of MayslicS, Kentucky, one OF the
squarest packers and one OF the best
known men In that State as man OF
high authority, and a man who has
nothing TO sell, and who is not buying
says will sag that we have the worst
crop Of tobacco We have had for years
FOR quality will be very scarce In
all GRADES All the old tobacco is out Of
the country and in The interior markets,