The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-11-18


and expressed by everyone fer the gen
tlemen who have thus met with sucn
financial troubles.
This is terrible blow TO Durham
business Interests. but we nave an aud
I irg faith in The 7luck Of Durham en-
zcns We have hope that al VIII re
bridced over satisfactory to all con
cerntd
At This writing we are not prepared 10
1--WE the facts WATCH lead TO this business
depression now around Us Bu, our
r,a,hrs NAV r,st assured Of one thing
! Durham u III loose no time in disrel.ne
the clouds. She will pick her flint aud
e ain 90 in TO win Recorder.
PROM PRIVATE SOURCES.
4 prominent iirm in tcta CO ia Dur
ham writes under date Of 18Th instant:
" Our crash here was heavy. The TWO
Other banks are al right Parrish Will
be on his feet again with backing ~
Monday, and his warehouse runs rs Ia
The past Other concerns viii settle up
and nearly all will resume sgain.'
The excitement over the Durham com
plications have already subsidized, and
nearly every one predicts sure ana
speedy adiu ;iment OF ibe aiflirs o. the
leading Durham firms in tobacco; and we
venture To say that Durham Rlchm md
friends arc anil sill BE- ever ready to lend
a htlping hand AS well a. To express
their sympathy with those in temporary
trouble The character and reputation
81 these gentlemen have not sui red,
and we so tar have hearl words OF com
merdation # them in tLeiF affairs.
The Richmond merchants have, we be-
lieve. been all made safe. Such heavy
failures. without ma erialiy Involving
any firm here. also r,fscls great credit
upon lhe conservative basis o.! our mer-
chants. anl shoull insure higher credit
standing for ihe future.
PERsONAL
Mr.. Alexander Walker, tobacco editor
of the Durham Iojtcco Punt, Is IN tie
civ,
Mr.. f. D. Christian was out again to-
/ day.
Mr. Ford 5. Myers is still in the fax
West
Mr.. ". II. Aboin is stu hunting tie
market with his Belfast Irish friend, and
we hope they will strike the market
riLhi.
NrP. ". Ferre,l. whose two daughter.
were recently married in Dinyilie a. the
same time, is very prominent ana mnsl
nopular Danyille fObiccO broker aud
dealer. AMI has host Of relatives AID
friends ia Richmond. These ladies, Wis
are now respectively Mrs Waller and
Mrs. Miller. have the hes. wishes for theiI
future from an unusually large circle oil
friends
Colonel Thomss MasO1 of the Weierh
Tobtcc1 J0uraai is in Danviiie and "iil
b. th,.e during The Exposition mex
week. His stay will no doubt be pleas
snt ami profitable alike in that gena
community Of iobac' o men.
wEsrEEH CROPS.
The sales by Western planters have
been small TO date, many expecting rlst
perhaps similar 10 last year when they
had previously sold low, are holding theil
tobacco but we note sa es OF some bur
lev crops at 10 20 ~ cents round, but can
NOT think that there are but few who vii
he able TO sell at such hguTes
We heard much talk early IN
the fall Of large manufactured
having offered 10 and 70 cents round for
cioDs in the tie 4. II these contracts are
valid and enforced i, would lesson The
eatiy demand for much more al 10 aud
~ cents. we should think. IL is prOba-
rle tina, shippers and buyers will test the
value of this and on the breaks this year
rather than in the barns
The Western 1Obaec0 JourAaI has q fine
cut of the new Farmers Warehouse IN
ouisville. Ky. which seems beautiful
and stylish building, costing with ground
about $4,000 Sc lers pay $50 per
hocsheads with four mOlths' storage free
and no commission The buyer pays ).
for hocsheads with one months free
storage. M James Clark is president
Of the Farmers Warehouse Company.
We IA uld no. be colienie here Till
we al least, as trade, owned such q
handsome building, OF inner one a. an
Exchange, not to say warehouse
We clip the following from the Western
Jobacco ,journR We .hink the writer
en,eItans the most Xag scraled view OF
The 1888 crop we have yet heard ex-
pressed.
PRICES or DARK TOBACCO.
RICHMOND, Va, November l0,-Tbe
stocks of dark tobacco West and at sea
nos,d can moi be called small or below
the average for the season OF the year.
Europe has a supply in its open markets
to las, for months or years 10 come, Just
as YOU fancy TO put it, The 1888 crop IS
large enough to supply the eonsumpiiye
demand Of the whole wcrld for nearly
two wears more at the present rate.
What creates values of any staple or
commodity? Some say supply and de-
mapd." This may be true when the
supoly approximates the demand. Dark
tobacco does not, however, come under
This classification, for according to the
law of demand and supply II should have
no value at al, or a. best, value lar be
low the one now placed upon 1t. III you
could include tobacco in the the bl-
metallic system, or rather, create TIL
metallic and tobacco value, you
might succeed for awhildin holding up
l,s price II is a reflection upon the
sniri, OF the law OF demand and supply