The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-11-06
Tn~ScssS sAy~> eu~s' p Sss,.ceH a Hrp,,c
Tint hnx not Suffered Mater tally from
Wal1.Strees Operations. '"'t
New York Tribune, 4th.l

SHSVrTC ~SsTS WV s4'SstS"eu-* NNerST>
Tint hn~uos Suffered Materially from
Nali.Streef Operations. '"'t
New York Tribune, 4th}
From information obtained Yesterday by
n Tribune reporter, Il would seem that manu-
featuring tobacconists arc generally much
less affected by the prevailing dull times
than many other large branches Of industry
Mcssrs. l.. Lorillard 4 Co., Of No. 16 Cham
bers street. employ fourteen hundred hands
in their factories, and manufacture plug, fine
cut, smoking-tobacco, and snuff In nil Of
these speciatics they report something Of a
depression, but attribute it quite as much to-
the recent measures adopted by the Govern
mcnt for the collection of taxes as to the
panic. For instance, their tax payments to
the Government during the past seven
years have been in round numbers nine
millions Of dollars, and have rccentlyI
amounted to 100000 per month.
These large payments have ordinarily been
made by the usual methods of bank accom-
mediation, but now, in pursuance Of instruc-
tions from Washington. all stamps must be
paid for in greenbacks or currency. FMS,
in connection with their cash expenses (aV-
crlcing $4,000 per day., and delay in making
collections, constrainS the firm to welcome
rather than regret the falling oil III business
that has been experienced. IN some OF
their factories the working force is now re-
duced onc-half but this is matter OF choice
rather than necessity. rs they have large or
lrrS on hand untitled. Jobbcrs generally
want goods on longer time than heretofore,
but collections have been very fair, although
exchange is high and some delays have been
expcricnced. No failures arc reported
among their customers rs yet, but they have
found il necessary to sustain some of them by
an extension of their credits. Merchants gene
rally, and those of the western States in partc-
ular, they believe have never been in better
condition to meet their obligations than now,
and all seem ready'and willing TO do so.
Western customers are jubilant over the
abundant crops this season, and only need
CURRENCY TO move them in order to give TO
the business of that section m unparalleled
activity. They suggest that the Government
might relieve manufacturers very much by
allowing tax receivers to accept certified
checks, thereby permitting currency TO re-
main temporarily in bank Tor use in this city,
instead of sending it to Washington As is ut
present required TO be done. Their exports
have declined in proportion to the decline in
home trade. but this is not al important item
| in their trade, from the fact that the almost
prohibitory duties offoreiSn Governments on
manufactured tobacco con1ine the bulk OF
| their exports TO the West India and South
| American markets.
| en-. Lilienthal of No. 221 Washington
street and No. So Barclay street, manufactl-
| rers of cut tobacco and dealers in plug 10.
bacco and snuff, have discharged no hands
| in consequence of the present financial con.
dition of the country, and have experienced
no sensible diminuton Of trade. Collections
| continue to be satisfactory, although there is
| unusual delay occa>ioned by the banks re.
| frlsing to accept checks on deposit as here
| tofore, and the consequent necessity OF re-
| turning checks to the home banks Of custo'
| mers for collection. Exports are less than
| formerly, but this is to be attributed to the
| decline in gold rather than to any legitimate
consequence of the panic, and on account oil
| the immense amount Of tobacco used by the
laboring classes a perceptible shrinkage in
| trade might properly be expected because
Of the dcarth of money incident to Il genera
stoppage of work; but this is fully counter
balanced by the increase in the sale OF smok'
ing-tobacco incident TO the general change
| from cigars TO pipes which is made i'll dull
times.
John Anderson & Co., manufacturers OIL
| SOlacp ana OllcT Minus, 1T ANOs. LII 1.
Liberty street, report both collections and
trade somewhat dull, but they are working
| their full force of hands and do not at present
| contemplate any reduction. Their custom
ers are not generally asking for an extension
| of credits; and although jobbers seem more
| than ever inclined not TO contract debts, they
| feel that business is running in about the
ordinary channels.
Goodwin l. Co., manufacturers of tne-cu
chewing and smoking tobacco, at Nos. 2OI
and 2Q9 Water street, are running their ful
force of hands and have more orders THAI
they cin till.
Thomas Hoyt & CO., manufacturers Of al
kinds of cut tobacco, at Nos. 404 and 4O'
Pearl street. have experienced no falling OF
in trade. Their collections, however, art
twenty per cent. less than usual.
d. FL. McAlpin Il Co., manufacturers, a
| Nos. 146 to 15S, Avenue d, were neve
buster. Their trade is largely local, ant
sales are mostly for cash, which enable
them to continue manufacturing up to thel
usual capacity without Inconvenience.
| Exporters Of leaf tobacco uniformly admi
| large falling off in business, largely attri
! butable, however, to the low price OF gold
| This, in connection with the unusual tnan
cial stringeGcy, is especially depressing Il
the export interest.