The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-08-22
TOBACCO MARKET.

RICHMOND, August22 Private TRADING
on and of Change was insignificant TO
day, while there were good sales Of sun.
cured at auction, with prices up to 19l
cents. This grade holds its own qLitC
well, though there is no particular ami
nation noticeable in the market and
breaks are now very scanily listed ahead
and receivers say not much more will be
offered hereafter from first hands.
Receipts OF brights continue good but
Notwithstanding a very dull market, the
shippers of good bright wrappers and
| cutters are holding up TO sitter values
on account OF the drought in the bright
! section. We have talked with several
| Richmond tobacco men returned from
an inspection tour of North Carolina in
the bright belt, and all of them confirm
nearly fully the bad crop reports; but
still they do not contend that this will
have much effect on prices for some
time to come, at least, excepting on extra
fine grades. So far a. our observation
of the dark crop extends, there has been
undoubted great improvement in its
growth in the past few weeks
never were better seasons had many
say. From parties we quoted the
gloOmiest outlook three weeks back, we
now learn that the same crops that they
based their views on show most re.
markedly advanced state, and there is
only very early frost in the way of
very good crop where the worst was ex-
pected. The very nigh wind prevailing
today if widespread will bruise and
break many fine field however
FROM Western markets we learn that
good rains and general oAes have fallen,
and IN some parts they have had drown
ing effect upon plants almost Immediately
after the drouth. TIE crop, however,
seems to be progressing well For good |
heavy leaf The market is quoted higher in |
Mayfeld, Ky. Reflections in Louisville and |
Cincinnati continue TO be the leading fea. |
lures, though il is les apparent; sellers are |
more anxious TO close out and buyers be- |
come daily more indifferent about buying |
MOREHEAD.
AS many of our trade intended visit
ing the North Carolina convention on
the 26th, we are sorry that the round trip
tickets are at present not available as the
yellow fever stops travel at Golds5oro.
This may be changed Undue time still it
would not be pleasant 10 have our folks
away from home quarantined. Due an
nouncemen. of better things will be made,
and we hope the rules of this conference
will not be defeated, but wish the con-
yention the great success it deserves af-
ter so much work and in perfectng fine
for the whole trade.
We find all the buyers who have orders
in the interior bright markets of North
Carolina totally opposed to the purchase
OF tobacco by warehousemen who are
sellers 1t is looked upon here as a
great evil and we shall have still more
10 say about it later The fear is that
unless very stringent laws are passed,
they VIII be circumvented by warehouse
owners who could employ agents 70 do
heir work
This serving two masters, self-interest
It all advantages and no other opposing
interest, is entirely incompatible and
Unjust, and sooner or later will change
he present aspect Of the trade when
)racticed. Order buyers have no fair
chance, and so have neither their princi-
,as under this warehouse buying system,
which only means everything on the
sellers side to push up prices at sure
profit with double commissions often
ldded. Several buyers here say positively
hey will steer entirely clear of such
markets another season, and will patron
re such markets and such warehouses as !
ell straight
ABSENT JUDGES.
Our trade officials have received no no. ,
ice Of the appointments of Judges for to-
'acco at our Exposition from several i'm
'ortant markets to which due notices
we're promptly sent, asking them TO I'LL
p the list Of judges. We hope all Of )
ur delinquent sister markets will
rompily respond.
PAY YOUR DUES.
Members delinquent on September lst -
vii be dropped from membership. This
) the posted law. Remember 10 pay this
'eek.
I