The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-11-17
FINANCE AND COMMERCE
Richmond Stock Market.
TOBACCO MARKET.

III HhR.sDs ' - +ft'N''pN' 80
'To-day's sales were without any special
importanc, and Of d general retail char
acter, and less tha1 several days this
week. Values by virtue of the many
round lots and smaller Transactions Of the
past several weeks are more den lie than
nreyiously, Whea the market WAS sluggish
aud no one knew the true market, and
there was consequent dissatisfaction.
BUYERS and sellers are now nearer Of
Ike opinion, which insures quicker sales
when with any dem and for certain grades,
so that our market altogether may be
called steady and stable. There seems
also to be confirmed opinion that good
bf'ght and sun-cured useful tobaccOs will
have the advantage OF a gradual advance,
while there is no foresecn cause for any
decline in any Of these grades. For
whether We accept tie 1888 very inferior
crop or the ruling opening prices Tor the
new as a criterion, there IS cause Tor I'M
prUyemtnt in prices.
We can, bOa ever, look nearer home at
She old stocks and remember that the
worlds supplies Of Virginia and North
Carolina tobacco must for the near fu-
ture be drawn from our Richmond
stocks. for such have been long con
cenifating here as market centre, and
we cannot hesitate TO say that in quality, /
quantity and variety, and with every ia I
city for making la;ee or snail selections, /
Richmond now pre-. eminently possess 4
every advantage over any aud all marx
dis WrspJerS. cutters, filters, smokers .
and shippers can be had here from ole
10 900 hogs heads at au hours or day 5
notice: and as distributing central SEA
coast market, none on the continent has
The same general advantages as Rlc'
mond, while al otter commercial ana
pccuuiaIy interests arc no lacking.
We bear ramOrs OF dark Old shipping
sales this week, which we hone soon tII
confirm and to report larger sales, while
VIC note a beii,r feeling aud higher
market for these grades in the West.
Recent hurley 81 % home nanuiactu-
rers Of about 100 hOgsneads Is gratifying
10 record "a made by a home broker Oh
the spot and we OILY wish We could re-
cord such Ofieher for there are good and ,
cheap stocks here oftener 10 be bought
10 better advantage than out West IL ,
rectly. The recent bUr'ey sales have been =
on A smaller scale and Of lower grades J
than the aboyr, which, we learn, sold
for an AVERAGE Of ueaih lG ctBts--whICh ,
price also goes u show that cur manu- /
faclurers are pnldng up this standard Of :
this class OF tobacco
Loose tobacco sales continue OF poor B
quality about GOO pouadS sold to-day. ;
The only pile naching cents YVES taken =
in by the planter, and We are Fl d 10 see -
this privileg, ex. rcised 10y item on ihcir u
own Judgment ard Iesponsi.i i'y, bul
wish we posse s,d the persuasive p)w'rs
10 dis.uade item from bringing the 2j
cent. 80 cent and ) kind 10 market
killing the trade tor higher grades, bt-
sides bringing Tie planter absolutely In
iebt 5.
The sensation for the past two days
has been The Durham financial failures Il
and com lcaliOns, but ia the onset We a
ire glad TO say st the present moment 81
matters are not rs blue as they were
Judged on first news received aud We
ire decidedly of the opinion that later
DEVELOPMENTS will demonstrate that that
,lCCky little town has only been over ly
itself expanding energy and To-
,rsin-power rather iayishly, which is pa
nly Characteristic Of youth and life, S'I
mt vii eventually, and perhaps very An
Don. Dc HtISt4i NEcibs MANI ~ "
, tomposed chiefly of young men, good 20
leD. business and bard working men In Du
he Tobacco Tale, which always will Iel
1surc good credit. Such will draw
round Them friends in need There has p pv'
ten no uneasiness here today, owing to Bls
be intimacy OF our firms with Durham, IT,.
nj ae have heard only words OF encOGr-
cement and commentator In all mat POI
rs and dealings our merchants have had !,
ilh the urfO tuna,c ones. -
There may be lesson and moral IN talt
,is unpeasanlnoss and that Is, II won't }
, for any man, town or hrm To ait,mpi Y
% much without abundant caution Too unl
ose competition and toe great a rival l.
/, i'm market and firms is too apt TO re- q
.lt disaslrously TO one and all. a.
CLEANING SKIES. l.
Mr. c. III. Conrad Of Danvillc tele- X
-aphs TO-DAY that it IS an error that W. per
Blackwe owes him $1,000; he owes 2o y
m nothing. 10 :
Mr.. / 5. Lockhardt likewise wires US
haze not made an assignment as re Is
,rted. and hope il may never he my mis- stni
rune" s5:t
The Tobacco Trade sympathizes with Is
c sudden and deep affection OF Mr., e. sPpr
.nnon Wren, whose beloved wlfe's =.
ath occurred Yesterday. Mr.. Wren Ain,
$ been long closely identified with T.
3 Tobacco Trade, rs was his deceased G.
her, Major Wren, before him, while his lie;
ceased wife was daughter OF the well J.,
mem bered prominent tobaeconist, III ~,
Watkins, deceased. eoI
,ru;a =, so,, 4. lean
Reported by JOhn ~. Ninains ~ Do"' SO