Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-08-19
I.ndnm Tnhacco Markei.

loNioA. / CROSBY SQUARE. E.C"l
August !. loNj.
a. f1t Kdfor # tie Dispatch:
We regret that We are compelled
again to repeat the monotonous story
OF a dull. inactive market. of which all
who troullc themselves 20 look at the
frpl.>h circulars must be heartily
weary.
Some little business was certainly
dorc last month in medium western
strips, bat for good cutting parcels, or
those which rank as such in the esti-
nation Of shippers, and, unfortunately,
make up considerable part of the
London stock. there was no demand.
1t is question Of price, and SO long
a, holders maintain their present atti-
tudo AMI insist on prices which manu-
facturers either cannot or will not pay
tie deadlock must continue.
1t is natural to look at our stocks
and supplies coming forward, and TO
say that these are no more than sulli-
cIent for ordinary consumption, and not
large enough to justify reduction in va
lues, still the fact 10 only too appa-
rent that competition in trade on this
side amongst manufacturers has cut
Gown profits 30 low that they must
have cheap tobacco, and means are
found somehow to meet their require
meuts. There are few manufacturers
who can afford TO pay top quotations
for iinc strips, but then they must be
fine m quality and color, and not many
first marks Of western strips of last
year come up to this severe test. We
cannot. therefore, hold out much en-
courasement to shippers to expect any
great Improvement in the demand for
this class of tobacco. unless thoy are
willing to face the unpleasant alterna-
tive Of accepting lower prices than they
have been hoping for during the past
season, or We should have more or
less Of a crop failure to stimulate BUSH
ness.
The result Of the carly shipments Of
Bmley tobacco, both leaf and strips.
has hot. We fear. proved very satisiac-
tory, and We arc not surprised TO find a
disposition to keep at home parcels
which were put up for our markets.
Some curiosityis felt as to the proba-
bic supply and character Of the new
Missouri leaf. We fear it may lack
some Of the qualities Of good " old
~ lc tobacco, still scarcity of this
growth may hide any defects it may
possess.
Qaite an important festure Of our
markets this year has been the sale Of
Virginia and North Carolina bright to-
baccos, and up to the present time
prices have been well sustained, both
for leaf and strips. The continued
large shipments have now, however,
had their natural effect in frightening
buyers a little. and there is more dis
position to hold off the market,
or to make low bids for par
GELS which are being constantly
offered to them. Although prices are
certainly very high, we think the best
parcels are good property to hold. Me-
dun semi.brights look 10 US less de-
sirable and are at all times much more
difficult to realize.
For dark yirginias we find very little
inquiry, still, knowing the situation Of
the market as to supplies, We think
holders may rest tolerably comfortable
for the present, although we should DO
glad to see rather more active move
ment in old stock.
For the six months ending Both June
the deliveries for home consumption
show a satisfactory increase Of nearly
over corresponding period
last year.
QUOTATIONS.
Virginia Leaf: Common to middling,
Cd. TO sgd. per pound fair to good and
fine. Cd. to sgd. per pound; bright
fancy, SID. to l3d. per pound.
Virginia Strips Common 10 mid
ding. Cd. TO sgd. per pound; good to
fine dark, Cd. to II and I'D. per pound.
Nominal.
Western Leaf: Common TO middling
exports, "a. TO sd. per pound good 10
fine exports, SAD. 10 Old. per pound;
sound dry common to middling, Aid. TO
Sd. per pound; fair 10 good and fine,
SD. to ID. per pound ; colory, I'd. to
l0d. per pound.
Western Strips ; Common to mid
ding, Cd. to I'D. per pound; fair to
good and fine, I'D. TO ID. per pound;
selections and bright Kentucky River.
1!d. to Id. per pound.
Maryland and Ohio sd. SID, to
Jld. per pound.
Negrohead and Cayendish 3D..