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very inferior grade, known as jute ends, a new article in this market, has been sent here, and found buyers, because of its cheapness; but the quality is too poor to work to advantage, and sales are made with great difficulty. The new crop is spoken favorably of, both as regards quality and quantity. The shipments to England have been active, and, when the deficiency is made up, we shall look for lower prices at Calcutta and larger shipments to this country. The stock afloat is 4,562 bales, for Boston, including 2,898 bales of jute ends ; 605 do. for New-York, and 200 do. for Philadelphia; altogether, 5,367 bales. Our statement shows a falling off in the consumption from last year, occasioned by the competition with Manilla hemp.

Stock on hand and afloat, 10,442 bales; same time last year, 13,825 do.; 1858, 26,903 bales. Of the present stock there are but 2,325 bales in New-York, Boston and Philadelphia, in first hands. At our close, price is nominal and no demand whatever.

Bales. Stock in all hands January 1, 1860,....

12,700 Imports from January 1, 1860, to January 1, 1861, (including arrivals from England,)...

15,226

27,926 Stock in all hands January 1, 1861,.....

5,075 Consumption for 1860,..

22,851

EXPORTS FROM CALCUTTA TO TIE UNITED STATES. From January 1, 1860, to November 1, 1860, (including 3,368

bales jute ends,). . From January 1, 1859, to November 1, 1869,.

16,021 14,050

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REVIEW OF THE TOBACCO MARKET FOR TIE YEAR 1860.

By Messrs. T. & H. MESSENGER.

The stocks held this side of the Atlantic and in Europe on the 1st of January were placed at 96,000 hhds., an increase of 12,000 hhds. compared with same time the year previous. This liberal supply, added to the extreme estimate of the incoming crop, viz., 227,000 hhds., (which subsequent receipts proved to be short of the reality,) acted as an incubus to any advance in the value of this staple; and had the crop under culture resulted in a full average, we doubtless should have witnessed a feeble market throughout the year.

We proceed briefly to delineate the prominent features of the season. The demand for the closing winter months proved a fair average, the sales rather exceeding 2,000 hhds. at full quotations for the better grades, while inferior were less firm. The spring opened with a light demand and prices rather drooping, May closing with a declension in prices for inferior and medium of 1 @ {c. The market remained inanimate until near the close of summer, with limited sales, inferior grades exhibiting a further decline of 1 @ fc. without leading to increased activity. The chief notable circumstance was the rapidly accumulating stock, which now reached the unprecedented total of nearly 15,000 hhds. The prevailing lethargic feeling at length gave way, and ere the opening fall, an active demand sprang up, induced by an apprehension of a large diminution in the growing crop from the effect of drought, resulting in an increased volume of transactions partly speculative, without, however, immediately advancing prices. As the season progressed, additional stimulus was imparted by reiterated statements of damage sustained by the crop, which was followed by large transactions, the sales for September and October reaching nearly 5,000 hhds., with a responding advance of 1 @ 14 cents, the better classifications being most favorably affected. We regret that it is not in our power to follow up this favorable change, the business in the closing fall month being brought to a stand by political vicissitudes, which have had a paralyzing influence on commerce generally. And although tobacco has maintained its position favorably, compared with other staples, and holders appear comparatively firm, there is no disguising the fact that present quotations should be deemed nominal, and will simply indicate to the reader about where the market left off.

Regarding the crop we have been treating of, our favorable expectations of its quality were far from being realized, there being a sad deficit of sweet fleshy leaf, as also a very meager supply of desirable African and West India sorts. The bulk of the excessive stock held here consists of medium and nondescript, for which there is but little inquiry, and we apprehend losses will occur in its realization; while really desirable, from comparative scarcity, will probably be better maintained. As to the extent and quality of the new crop, opinions are somewhat at variance ; that there will be a deficiency in length, and an absence of dark rich leaf and choice manufacturing, there remains but little doubt. We retain our usual practice of rendering the outside estimated growth, as we discover, on referring to many past years, it generally comes within the compass of actual results.

The year will open with stocks of the world, amounting, in the aggregate, to 146,496 hhds., or an excess beyond those of last year of 50,496 hhds. Of the future course of the market we advance no opinion. We invite the attention of the reader to the following statistics :

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Ihde. Uhde. January,

900 February,

300 March,..

1,300 April,..

650

50 Mayn.

650 June, .

350 July,.

800 August,

800 September...

1,200 October,

1,300 100 November,

1,200 December,..

970 Total,..... 10,420 160

Hhds.
1,425
600
950
600
670
700
700
1,200
2,250
2,000

650
426

35

100

70 100

60 150

78 500 76 50

25

25
25

380

1,270

12,170

January 1st, 1861, stock on hand, • Including all inspections

36 19,048 hhds.

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1857-58,...

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STOCKS IN WAREHOUSE AT THE PRINCIPAL MARTS, JANUARY 1st.

Nero-York. New Orleans. Baltimore. Virginia, Philadelphia. 1859,.

9,461 *20,858 8,500 890 560 Total, 40,179 bhds. 1860, 8,644 19,546 15,500 200 742

44,633 1861, 19,043 13,271 24,500 22,366

853

80,033 STOCKS IN EUROPEAN MARTS, DECEMBER IST. Liverpool, London. Bremen, Holland. Other Ports. 1858, 14,015 113,723 +7,020 leaf. +6,295 +3,230 Total, 44,283 hhds. +1859,. 15,581 +18,829 +7,493 +7,000 +2,850

51,735 +1860, 17,538 722,445 +6,747 717,094 18,329

67,653
INSPECTIONS FOR THE FISCAL YEAR.
Nero-Orleans. Virginia. Baltimore.

68,075 72,696 70,669 Total, 211,440 hhds. 1859-59, 56,450 68,953 62,546

187,949 1859-60, 62,113 76,997 78,291

217,421 Total receipts at New Orleans, 1857–58,

87,144 hhds.
do.
do. 1858–59,

75,925
do.
do. 1859–60,..

80,925 Manufactured Tobacco.It will require but a short space to chronicle the prominent characteristics of the past year's transactions, which we regard, as a whole, unfavorable to parties interested. The winter business resulted in sales analogous to those of the previous season, without change in prices. The spring transactions came short of anticipations, while the market flagged and quotations were scarcely supported. Summer passed without any prominent change either in value or demand, the latter of which continued dormant, with more than usual pressure on the part of the seller to realize. The weighty stock which had run up in August to 74,000 packages, added much to the embarrassment of the agents at this period. The opening fall offered but little encouragement, and although the sales formed a fair average, a prevailing heaviness was the leading feature, while work suitable for the Southern trade receded in value, owing to the absence of demand. A returning vitality was observable during the month of October when free sales were effected with a promising future, resulting only in disappointment from local troubles. The market relapsed into a state of comparative torpor, the year closing with a large diminution in sales.

We regret that it is not in our power to give the official sales and stocks for the past three months, making a break which we have filled by estimate, varying but little, we apprehend, from the true result. It will be discovered that there has been a diminution in receipts compared with last season of about 40,000 packages. We again repeat that the stock on hand is given by estimate, and is much larger than was anticipated, particularly as the receipts for the closing month were very light; the almost entire cessation of business has brought about this result. The most favorable feature is the probability that there is less in second hands than for many years past, while the interior is in light supply. Hence the revival of business would at an early day place the agent in a stronger position. Included in the gross receipts are re-shipments to foreign markets.

Estimated growth for 1860—Kentucky, Tennessee and Missouri, 60,000; Virginia, 70,000; Maryland, 45,000; Ohio, 12,000; total, 187,000 hhds.

+ Latest mail advices.

† Ports in Great Britain, Ireland and Scotland, assumed to approximate to the stock of December, 1858.

RECEIPTS.

SALES.

FOR 1859 AND 1860.
Packages.

Packages. Packages. 1849, 117,594 January,.... 14,727 13,184 1850, 162,341 ., February, 15,089 17,101 1851,. 163,210 .. March,.. 19,254 14,376 1852, 176,339 April,.. 16,741 16,243 1853, 215,698 .. May,

13,148 13,762 1854,. 134,007 June,

16,037 12,873 1855,. 165,197 July,. 17,276 18,627 1856,

260,768 August,..... 24,047 16,623
199,878 .. September,... 26,610

25,171
252,374 .. October,.... 19,655 *20,500

322,048 .. November,.. 14,575 *9,000 1860,...... 281,629 .. December,... 10,464 *6,000

STOCKS.
FOR 1859 AND 1860.
Packages. Packages.

30,655 49,024
30,799 46,649
34,895 55,028
39,397 54,562
45,410 68,229
50,162 61,638
56,493 70,677
53,185 74,607
45,240 62,628
43,623 *59,961
48,281 *65,348
65,202 .. *67,367

1857, 1858, 1859,

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Seed Leaf.–We have seldom witnessed a more unsatisfactory year than the past, both to the producer and dealer, prices having ruled very low compared with former seasons. The market during the winter and spring evidenced but little vitality, while the summer passed with but few transactions, and holders, discovering little prospect of realizing at the home market, commenced exporting on a large scale; but even this relief did not produce any appreciable benefit, and the sluggish feeling continued until fall, when a more cheerful aspect ensued.

The recorded sales for September of 5,000 cases, gave an improved tone to the market. Subsequently exporters purchased with freedom, confining their selections more particularly to the inferior grades, the figures for which were low. The season closes with a moderate prospect for the future. Regarding estimates of the crops, we find great discrepancy, and hence defer figures; they will probably result somewhat less than last year's, but with the old stock on hand will doubtless be ample for all purposes. The crop of Connecticut is said to be unusually good, but little, if any, of the different growths has been disposed of.

Florida.—The crops of Florida are becoming each year of less importance, this season's production being placed at 1,000 cases, nearly one-half of which is in port. Of the quality, we simply say that it is decidedly inferior and the color imperfect, hence the article attracts but little attention.

Foreign Tobacco.—Taken as a whole, the year just terminated has been generally satisfactory to those concerned, results usually proving remunerative, and at no time have the stocks been excessive. Cuba, which has been imported on a larger scale, bas met with an improved demand, and prices exceeding last year's were realized. In Yara, the dealings have been unusually large, the article being used to some extent as a substitute. The crop of Havana possessed some choice parcels, but the larger portion was deficient in body and flavor. We commenced the year with a very light stock, and a demand corresponding. 'Holders are generally firm.

* Estimated.

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