The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-11-18
From John K. elIliat s CO. Tobacco Circular.

From John X. GiIliat tE Co.'S Tobacco Circular
LONDON, November 8, 1868.
The London market was moderately &C
tive last month; transactions probably ex-
coed 200 hogsheads. Of this about 600
hogsheads consisted of western strips of the
present seasons import. Prices ranged
from 711d. to Old. for parcels, and from
Cd. to l0d. for selections. The buying was
confined to one or two leading purchasers,
the general body of the trade showing in
racter of the strips, although generally SUI
perior to last year, is not high some par
cells show life and color, but there is a good
deal of short, green, and unripe tobacco,
that will not at all admit of being held over
to meet the next seasons imports.
There is some good, bright, snowy leaf
in the import from the West, but the trade
were supplied throughout the summer with
this fancy article from Virginia, so that
they are now more fastidious than in ordi-
nary years, and complaints are general
that the West has sent scarcely any real
Birdseye Leaf forward. So far as we have
seen, the Virginia import promises good
quality in leaf as well as strips. We hear
of no sales.
The accounts as to the crop now secured
are, on all hands, most. satisfactory-the
quality good and the quantity large. With
in the last day or two, reliable accounts
have been received that killing frost oc-
Cured on the Sth ultimo, injuring some to-
bacco in outlying sections, but no great i'm
portance is attached to this. 1t is greatly
to be desired by all interested in American
tobacco that large and good crops should be
secured. In this country and in other
parts of Europe the ground lost by Ameri
can tobacco is most serious and, as re-
CARDS our own trade, this statement is
borne out by the fact that of the tobacco on
which duty was paid in London since this
year commenced scarcely more than half
was the growth of the United States.
Photographed leaf is not much inquired
for. When strips can be procured at O
moderate price they are preferred, and as
prices Of strips are now moderately low,
and in all probability will be lower next
season, it is well that all who are interest
ed in our markets should keep this fact
clearly in view.
The Continental markets are heavy. The
impression prevails that the large crops Sc
cured must lead to reduced prices, and in
this, to some extent, they are borne out by
the state of the New York market, where
if comparing the existing figures with those
Of preceding years, there should be buoy.
ancy, whereas the state Of things there il
depression and fatness.
The Cotton market has ruled strong
throughout the month business considera
bly, above an average, and prices harden
ing. This in the face of continued unfa,
vorable reports from the manufacturing
districts, and from markets abroad for good.
and yarns. There are reports that mill!
will be worked short time as soon as oul
elections are over. We have no faith il
the stability of present prices.
QUOTATIONS..
Virginia Leaf.-Common, stale, ant
heated, 32@5d. per pound; sound to gooc
and fine, 5H@i0d. bright fancy, lOGl2G
lad. ..
Virginia Stemmed.-Ccmmon to good anl
fine, 6h@lld.
Western Leaf.-Low faded to middlinl
exports, 3@5d.; sound, dry, common u
good fine and colory, 31aG9d.
Western Stemmed. Common TO good ant
fine, 51a09d.; selections, 9@lO0l0Rd.
Acknowledgment.
NegroheGd and CaUendiSh.-3@l591