The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-01-18
John X. GiIIiat q Co.'S Tobacco CIR.
etslar
Don. 4 CROSBY SQUARE, T.. c., i,
od Jauua,.,, 1900

LONDON. 4 CROSBY SQUARE, T.. CD
I'd January, 1882.
Sir,--Last year opened on very dull to-
bacco market, and the general outlook for
holders was unpromising. The new i'm
ports were not regarded with favor hy the
trade. and there was scarcely any approach
to business on the higher and usually-re-
cognized standard parcels. As the season
progressed stock was much pressed FOR sale
IN several quarters, and the market gradu-
ally declined until towards June common
western strips were sold as low as AID, and
very lair parcels with leaf and wrapper ut
5td. july was, perhaps. the worst month
OF The year. Crop accounts continued good
Notwithstanding some fears OF prolonged
drought, OF which, however. little notice
was taken here. A few weeks later all was
changed 10y the active speculation started
IN America and orders sent 10 England TO
buy low-priced strips; and during the lat
ter part Of August and September a large
quantity Of tobacco changed hands in our
markets, with M advance OF Id. TO ID. on
strips and Sd. 10 id. on leaf. a special iea-
turc of the business at this time was the
purchase, for rcShipmcnt 10 New York. OF
about 500 hogSheadS dry leaf, which was
regarded rs strong evidence Of the actual
or expected scarcity Of suitable stock at
home.
The September rains and improved crop
prospects caused marked reaction i'm the
tone OF western adyices and lull i'm bust
ness here, rs our manufacturers who held
large stocks showed no disposition TO fol-
low the advance.
The sampling of the new import led to
some inquiry for cOlory parcels Of strips.
but rs these proved to tie scarce. and not
remarkably good, very little business re-
suited at theprices required by holders, and
so far rs actual sales are concerned, the year
closed almost as quietly rs il began.
The crop in Virginia appears TO have SUI
fercd more by frost than drought, and ship
pers hold ont little hope of our receiving
much addition to our stock this year. either
of dark or bright; consequently prices are
very firm. and bright leaf has experienced
an important advance, quotations ranging
from I'D. to I'D. for good and fine, although
very fair lots with some color can still be
bought at 10d. on under.
The stock of bright in first hands is no
doubt small. but the total stock OF Virginia
leaf in London, consisting chiefly OF bright,
i $3.50 packages, or. at rate OF last years
deliveries, fully twO-and-a-half years con-
sumption; so, unless American demand
should make a call upon our stock, we may
get along pretty well until another crop is
grown.
The situation Mt the present time must be
regarded rs & strong one for holders OF
American tobacco. The latest reports OF
! the quality OF the new western crop are
such as 10 discourage, we should think,
any attempt to put up strips for our mar
\ ket unless in most limited quantities; and
+ it is difficult 10 see what advantage is TO be
/ gained. either by old shippers who have
stock here or by new men, TO compensate
/ the risk Of dealing in an inferior crop at
/ high cost. We want cOlOry tobacco A.
much a, the rest OF the world, but OF brown
and medium qualities we have ample stock
and could do without any addition from
the present crop.
QUOTATIONS..
Tirqinid Lcdf.-Common to middling.
/ sd. to sd. per pound; fair to good and
/ fine. Cd. to I'D. per pound; bright fancy,
SID. to I'D. and I'D. per pound.
Virginia StripS.-COmmon to middlinS,
Cd. to sd. per pound; good to fine and
colory, Sd to 95d. and I'D. per pound.
Western Leqf.-CommOn TO middling
exports. I'D. to sd. per pound; good to
line exports. SD. to I'd. per pound; sound
dry, common to middling, 43d. to sd. per
pound; fair to good and fine, sd. to Esd.
| per pound; colory, ID. to l0d. and I'D. per
pound.
/ Western Strips Common to middling,
/ sd. to I'd. per pound; fair to good and
/ fine parcels, sd to SD. and o d. perpound;
selections and fine Kentucky river, % id. to
/ I'D. per pound.
Mdryidnd and Ohio-jtd. to SD. and
/ G!d. per pound.
Negrofead and CdreadiSh-5d. to I'D.
and lSd. per pound.
JOIN X. GILLIAT & Co.