The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-01-22
John Il. GiEiiat SE Co.'S Tobacco
Circular. "''" :" %'''''
LONDON, 4 CROSBY SQUARE,


January /, 1879.
Sir,-The retrospect Of our tobacco trade
during the past year can afford but little
satisfaction to any engaged in it. Manufac-
turers promised themselves a good time,
and no doubt have the least cause for COM
plant: hut the alteration in the duty last
April upset all calculations, and. the steady
increase In the consumption up to the date
OF the ChdnCetlor'S Budget was speedily
checked and converted into large decrease,
amounting, for eleven months TO the 30tb OF
November, to E1,250,000, or nearly three
per cent. compared with same period in
1877. ..M...E ...
The immediate effect was to throw the
demand more decidedly on the lower-priced
qualities and to weaken the general position
OF the market, already much depressed by
the report OF low prices in America and
large preparation of strips in the West for
England AS the season advanced it was
found the highest estimate bad been eX-
ceeded. and stocks rapidly accumulated in
all our potts until they reached the enor-
nous total at which they now stand, of
/; about $4,000 hogsheads against 71,000 last
!ear-the increase being nearly all strips, OF
which Western and Virginian-we have
]! now in the, United Kingdom, in round fS-
ues, 10000 hogsheads,7 or about three
. years. supply: .,n - TX
s-s With such showing no one can be sur
= prlsed that We have SO far experienced the
dullest season on record. Sales Of all kinds
g. nave been most limited, and, with few eX-
cepl'ons, the contracts passed have, we
think, been at prices considerably below
the general expectation Of shippers for good
parcels. s.t.%es; :: :, - z : "a
What the next few months may deyelope
We cannot say, but it is very certain that
merchants Gun do little here to improve the
prospects OF shippers unless they are assisted
" those chiefly interested on the other side.
lequeStionably some classes OF both leaf
faa strips are very scarce in our markets,
1ha Tor such we may have room IL the new
.Iop can supply them at reasonable prices,
mtieu. however, from latest adyices we
'h'hk doubtful. But if steamers mean to
~ 70 work IN 4 general way they will soon
Huu mat they are taking the best means to
a'spTec'ate the value OF their stock on this
.'ue and prolong indefinitely the unsatisfac-
"Iy STATE Of their English business.
'Hgihla leaf OF good color Is saTable, but
~, medium and pondescripts it is hard to
ST. g.. 'uyer. Very little doing in Virginia
;o. : nc new year opens with clearer polit-
h .a. anu commercial atmosphere than we
ny, had Tor some time past; but the de-
r =, Which has hung so long over many
saS our ehiei centres OF trade still continues,
im na we can discern no indications OF much
f. na., s.1 at present. Money, however,
mi o ihei? 10 be easy, and should a peace
a a prospect abroad lead to any increased
m uSa,aaa Tor our manufactures, we think we
-4,sat look for better times. s., !. No. ~
:. ,0, Ssss0S.ta,ions.- Virginia Leaf: Common to
dna aa ~ . to sd. p D.; fair to good and
ana %, % 70 1ad. q n. bright fancy, 81 to 8
J ra iod: q D. Stemmed: Common to mid
stss y 70 Gsd. y D.; good to fine md eoiory,
w toas q D., and nominal. & .
mestern Leaf: Common TO middling ex-
Ste,Ss TO Sd. q b.; good to fine exports,
dts, 10. z D.; sound dry eommon TO me.
o 10 4sd. o D.; good to fine, 5 to 8&d.
as9.; eoiory, 90 to SD, and nominal.
a..an aed Common to mlddlfng, 4 to Cd. IA
ana , sls 70 good and fine parcels, BS 90 "A,
iuekSs Y: g n; selections and bright Ken:
r,Yer, 81 10 lid. p h. ~ 8
Nan. siand and Ohio: 3, 81, and Old. "a H..
sfolead and CaYendlsh s, I2, and isd.
ajcHx II. aILLiAT ~ co.