The Tobacco trade.
Extract from M. H. Clark
's Tobacco Circular, Clarksville, Tenn.
, April 19, 1861:
There are no Strips being made this season at Hickman
, or the mouth of Sandy, in the Western District; none at Nashville
, or Cadiz
, in the Cumberland River District; and, to the best of my information, none at Cloverport
, in the Ohio River District.
I have, from the best information, put the Missouri
make at 300 hhds.; but from the very inferior and short crop in the stemming districts of that State, (lugging one-half,) it may scare reach that amount.
From the very inferior character of the crop in Tennessee
, the present make of Strips is perhaps the lowest in grade that has been shipped from the Western
country for many years.
The Virginia crop contains a very full proportion of Stemming Tobacco, and of unusually fine quality, and the make of Strips in that State this season will no doubt be largely in excess of former years.
For the reasons mentioned in my last, the Clarksville crop has sought a market very early, and I find by an examination of the books of our warehouses that one-half or more of the crop has already been received, sold and shipped, of which quality about 950 hhds. were shipped via Ohio River
and New York, for transshipment to the North
Our Stemmers procured their stock of loose Tobacco
at prices ranging from 5 to 6c crop round.--Our Leaf market opened about the middle of January, at a moderate scale of prices, which have gradually improved as the season has progressed, and taking an average of all grades, may now be quoted 1 ½c. higher than the opening prices, the greatest advance being upon selections possessing
length and heavy fat qualities, which are very scarce in this crop.
Our market has been less excitable and shown fewer fluctuations this season than usual, which may be owing in part to the prudent policy pursued by our Banks
, and to the lack of abundant facilities formerly granted by the New Orleans factors with so lavish a hand.--There is being made a full effort for a Tobacco crop in this section; the young plants are well forward and looking healthy.