Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-01-22
COMMERCIAL RECORD.
Correspondence of the Times

LIVERPOOL, Jan. Sd, 1851
GENTLEMEN: The sales of Tobacco the mast r,on,,
were $50 hhds., viz 1873 Virginia Leaf $50 Semn,od
II Kentucky Leaf, ITO Stemmed, and 80 Marvlands
Of these, Virginia Leaf, Kentucky Leaf. and 3
Kentucky Leafter Expectation; 1874 Virginia Leaf
l39 Stemmed, 4S Kentucky Leaf, and SO Siemmed fnr
resale; Virginia Leaf, ii Stemmed, Is Kentucky
Leaf 6s Stenmed, and 20 Marylands, by tho Trade
OF the foregoing sales 4l0 hhds assigned to specua-
ton, were nearly all taken by parties whose known
large stake in the article induces support the mar
ket, they haven been followed by the trade, and the
lands satisfied the demands OF the home trade. Of
Ireland and OF Foreign Export. In this contest be-
tween buyers and sellers, the latter will tor some time
to come, have to contend with the disadvantage
against them OF present large stocks and must depend
upon prospective scarcity already in some measure
anticipated by spectators, and high prices 1t NAV be
observed that conslde ring the unusual quantity OF
Mary and hhds and OF terces, the stock in warehouse
is probably, not really larger than that of last wear
The stimuant which high prices give to the planting
OF Tobacco on both Continents, as being perhaps TOO
distant in consequences to affect the question ofscar
city, is OF less importance than wou be the contnned
absence of that export demand so long looked for as the
outlet for Western Leaf which is accumulated here tn
considerable extent The light stock of American
Tobacco, computed 10 he under IL 900 hhds on the
Continent would sanction the expectation that recourse
from that quarter must ultimately be had to this coun.
try for supply. AS some abatement fths expectation
it should be noticed, that in countries where duties on
Tobacco are moderate, large advance in prices is
sensiby felt in essening consumption, driving it from
foreign domestic growths. In this spirit we are in
formed that the French Reggie, influenced by the en-.
HANGED price OF American, is resortng to Hungarian
and other European Tobaccos. The Market has sell
dom been well circumsanced the present time
for being steadily managed, The holders of moderate
stocks in particular, will have peculiar advantag re in
tile protection OF great speculative monopoly SUD.
posed to embrace onehalf the stock in this Port and
London, which must use its power for the general benefit
oil holders To the annexed usual statistics we beg ,e
ference. The general stock OF Tobacco in Europe is
estimated at 81 900 hhds , being about 5000 hhds less
than in 1919 and above 600 hhds less than the aver
ing in smaller supply, and the last crop being most I'M
promising, has obtained unusual superiority in price
The price OF Stemmed Tobacco is relatively mncb
above that of Leaf and will, usual be governed BY
the quantity which may De put up.
CoTToN.-The new year opened, as did the last with
the discovery of in the estimated stock Of 1900
bales OF all sorts, the stock hand being to this ex
tent moderated. The consumption of the year 1850
compared with that OF 1919, appears to have fallen
short 1910 haes per week, neraly &c. 600 per annum
OF price very great. General opinion appears to be
settled, that all circumstances on both sides of the
Atlantic considered, present prices at point fully
equal to the support they are likely to receive and
leave no margin for prudent speculation. Most elabo-
rate statistics OF Cotton this year put forward by
our brokers, the details of which are not without in
terest, at Tough perhaps little necessary to guide those
VINO nave been long conversant with the inc eas
ing Cotton Trade. To these documents, which will.
doubtless lind their way to all parts Of the States we
reler, as well as TO our statements given herewith
The operation OF Free Trade in Corn, so far, has
been to keep prices 10 moderate level and 10 maintain
larger stocks OF Grain, Flour, &c, in this port than
have been known since 1912. OF American Flour
he stock on hand is calculated to be nearly AGO. 600
barrels Of Wheat 100000 quarters, and Of Indian Corn
So,ooo quarters, with dull market for all.
ours 1 EYRE EVANS & CO.