The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1884-01-22
London Tobacco Market.
LONDON, 4 CROSBY SQUARE, Il. Gu
january 4. 1884.
To The Editor of the Dispatch.

To the Editor Of the Dispatch.
Without attempting any particular re-
view OF our tobacco market during the
past year, we may say that we think results
generally have been more satisfactory to
shippers than they had reason to anticipate
last spring,
The deficiency In the tobacco crop of the
United States, which became apparent In
the autumn, and the rapid advance OF
prices in all American markets, enabled us
to open sales Of new tobacco here at
range OF prices which under the present
conditions OF our trade we must consider
high, and we shall be well satisfied IL we
can progress with sales on the same basis.
1t seems. however, likely that business
will move slowly, and shippers must not
suppose that buyers for strips at our top
quotations OF 0 to 10d. can be readily
found.
III, however, we are rightly informed rs
to the prospects for stemming in the West
this season, it would appear to be merely a
question Of time for holders OF fine tobacco,
which must bring at least the above or
higher prices, TO do any good on figures
lately paid for crops. 1t would be Of
course unwise TO base operations on en-
pectation OF higher prices twelve months
hence. az the outlook may be materially az
fected by the result Of the next planting,
which will no doubt be as large as the
energy and means OF farmers can make it.
Still. stocks will be comparatively light and
holders will certainly occupy very strong
position.
Common to low medium strips, with
some leaf. say from 6l to d, have been
| freely sold during the last three months,
and these are now becoming very scarce
| in this market, while for somewhat better
parcels, ranging from medium to fair,
buyers seem unwilling or unable to pay
the extra ! to I asked. The demand so far
has scarcely touched the dark, heavy par
GELS OF GAINESVILLE and Paducah type, but
the proportion Of rich and good-llayored
tobacco Is small and will find its place in
due time.
Reports from Virginia give us little hope
OF getting much tobacco. either dark or
! light kinds, which seem TO be selling at
prices altogether out OF reach OF English
shippers. Business was done here last
month in dark Virginia strips at our top
quotations. and very little strictly good
quality is now left on first hands. As TO
bright tobacco, we may as well dismiss all
thoughts of l, for the year. \ few small
lots are still held ut prices in cor
respondence with existing state OF
things in Virginia, but even quotations
Of Is to 1Sd. are not likely to attract much,
| il any, good tobacco. and it might be rash
to venture shipments with any dependence
on our manufacturers paying such prices.
QUOTATIONS..
Virginia Ledf.-CommOn to middling.
sd. to sd. per pound; fair to good and
fine, Cd. to sd. per pound; bright fancy,
SD to I'D. per pound.
Virginia StripS.-Common to middling,
Cd. to SD. per pound; good TO fine dark,
Cd. to I'D. and 13d. per pound.
Western Leof.-COmmon to middling
exports, Adj. to sd. per pound; good to
fine exports, SD. to esd. per pound; sound
dry, common to middling, 4ld. to jd. per
pound; fair to good and fine, 90. to ed.
per pound; colory, I'd. to 10d. per pound.
Western StripS.-Common to middling.
esd. to I'D. per pound; fair to good and
fine, Sd. to Odd. and 10d. per pound !;
selections and bright Kentuckyriyer, 95d.
to I'D. per pound.
MARYLAND and OhiO.-jtd. to SD. and
Odd. per pound
Neqr0head and CdrendiSh.-5d. to I'D.
and lSd. per pound.
JOIN X. GILLIAT Il Co.