& Co., of London
, in their monthly Tobacco circular, thus report the state of the market:
--In the early part of the month there was a slightly improved demand for most descriptions, and which was materially increased on receipt of unfavorable advices from the United States
Buyers, who had previously acted on the supposition that holders would be compelled to submit to concessions, having purchased to some extent, considerable activity soon became apparent in the market, terminating in sales of 3,200 hhds., viz: 2,500 hhds of Kentucky
Strips, 240 hhds. Leaf, 210 hhds. of Virginia Leaf, and 200 hhds. Strips, the largest amount of business transacted for a very long period, and entirely confined to the trade; further sales of Western Strips would have been effected, but holders declined operating at present rates, and some parcels being withdrawn from the market.
There has been more demand for export, but sales have been limited, in consequence of the firmness of holders Imports, 21 hhds, Deliveries, 1,033 hhds., against 988 hhds. in the corresponding month of last year.
Stock, 20,741 hhds., against 18,233 hhds. in 1860; 14,199 hhds. in 1859; 9,728 hhds. in 1858; 10,700 hhds. in 1857, and 9,331 hhds. in 1856.