Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-01-20
LNNnoN ronACCo MARKET.
AZ shown by Joins -. GiIIiat & Co.'S
Circular.
To The Edltor o. the Dlspalch:

! To the Editor OF the Dispatch:
/ The general character Of business during
/ the pa~i wear has been rather disappointing
/ IN the cxpcctations Of many shippers, who
| no doubt hoped nat their stock would find
huycrs al the top oi The market, fOrself1i 81
| the fact that supplies ~ all but the finest
/ grades We're enormously IN excess OF our or
/ binary ttade requirements. and that there
| was no iuduromtnt At the high price1 asked
! AZ the commencement OF the year for manu-
| faciurprs to anticipate their wants bY ihe
purcbase Of those classes Of tobacco which
| were evidently Oycr-Suundaut Consequently
/ II has been yerv difficult 20 make progress
/ with many oi The mixed and inferior parcels
| Of both western and Virginia while strictly
| filler western strips have been almost entire
| ~ neglected.
! Very early IN he spring LARGE ana rHher
unexpected additions were made 10 our
| stock from Virginia, and underline influence
| OF this and other causes, nut more especially
| the hrcsk down of American markets and
| the knowledge that large crops would every
| where be planted. our own markets rapidly
weakened. and with a very small business
| all through the summer months, quotations
| for many grades became entirely nominal.
In November, when the new situation was
I fairly recognized, the transactions became
! larger. although ut much lower prices AL
round except Tor the finest qualities OF west
ern strips aud Virginia bright leaf.
Unfayorable reports had been received OF
the qualify and color Of the Virginia and
North Carolina crop, and towards the close
Of the wear some considerable purchases
were made IN our markets OF the best parcels
OF bright leaf. leaving the stock IN hrst
hands quite snail.
Some brighls have been sold Al very lrresu'
lar prices during the year. Some sales may
have made money, but we should thlhA
GOOD msnv have shown losses. There Is Sill
a tsrge stock here. which will take great
deal Of selling, and shippers will do well to
allow time for the clearance OF old stocks be-
fore they resume shipments Of similar grades.
We begin the new yesr with moderate
scale If prices, aud for common tobacco rs
low a. We can remember %. The question
before liz now Is what amount OF common
tobacco. and especially Of western strips. Is 10
come forward this year. The latest reports OF
the crop are disappointing as 10 quality, ana
n the high rsti mates Of the make OF strips are
n be realized We fear large proportion wall
RANK low IN quality and certainly IN value
The expcrleuce OF western farmers so far
fms season has not, We should think, been
such as 10 discourage the idea oil putting III
a pretty iUll crop aEhiu tuic FN~is -.
RuSines, last month was very limited, tue
LARGEST transaction oolng IN Virginia bright
leaf. MI,
There was some Inquiry for western ullers
at very low prices, but we do not know al
present tsny transactions.
stocks IN England and scotland showa re-
duction OF nearly 10000 hogshead> compared
with this dste .ast year. stu total oil ABOUT
5000 hoesheads and tierces must leave
llrye surplus to meet the new imports OF
this year.
QUOTATIONS..
Virginia Leat.-Common to middling, 81
n Sd per oouod: fair 70 good and fine, % TO
"a. per pound; colory 10 bright, o 10 l5d:
Virgiuia Su ips.-Common 20 mldu"ng'
ito I'd good 10 line, s TO I'D $50,
Western Leai.-Common TO mluulng re-
ports. to sd; good to fine. to ttd.i
sound DRY common 10 middhng' 5s 70 iid.;
far 10 good aud 6ne, TO 63d.; eolory' To
l0d. .,,.u,. a,
western strips. Common to middiing' 80
10 5,d. : fair 10 good and tine, 8, to SID;
selections, . 10 i0d.
Maryland snd Ohio. %, ss' va
Yours, faithfully. -