New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-04
TOBACCO SALES NOT REDUCED.
A TRADE THAT HAS NOT SUFFERED MATERIALLY FROM
WALI~sT. OPERATIONS.


wALI~sT. OPERATIONS.
From information obtained yesterday by a
TRIBUNE reporter 1t would seem that manufacturing
tobacconiss are generally much less affected by the pre-
vang dull times than many other large branches OF in
dustry Messrs p. Lorillard Co. OF No. 16 Chambers
st. employ 14OO hands in their factories. and manufae
ture plug ne-cu smoking tobacco and snuff In all Of
these speciaties they report something OF depres
SION but attribute it quite as much to the
recent measures adopted by the Government for the
lection OF taxes as panic For instance their
payments to the Government during the past seven
years have been in round numbers s90Oo0OO and have
amounted 100000 per month These large pay
ments have ordinarily been made by the usual h0ds
OF bank accommodation, but now, in pursuance of in
sructons from Washington, all stamps must be paid for
in tgreenbacks currency. This, in connection with
their cash expenses averaging $4,000 per day.
and delay making collections, constrains the firm TO
welcome rather than regret the falling of in business
that has experienced In some OF their factories
the working force is reduced onehaf but this is
matter OF choice rather than necessity, they have
large orders on hand untitled. Jobbers generally want
goods on longer time than heretofore, but collections
have been very fair although exchange is high and
SOME idelsys have been experienced. No failures
are reported among their customers as yet but
they have found necessary TO sustain some Of them
by extension OF their credits Merchants generally,
and those the Western States In particular they be-
lieve In better condition TO meet their
do Western customers are iu0iant over the abun
crops this season. and only need currency to move
them In order to give TO the business OF that section an
unparalleled activity. They suggest that the Gov
eminent might relieve manufacturers very
much by allowing tax receivers to accept
certified checks thereby permitting currency TO remain
temporarily in bank for in this city, instead OF send
ing 1t TO Washington Is at present required 10 he
done Their exports have declined IN proportion to the
decline in home trade but this Is not an important item
in their trade, from the fact that the almost probitory
duties or foreign governments manufactured tobacco
oonne the bulk Of their exports TO the West India and
South American markets
c. H. Lihenthal OF No. 22l Washingtou-st. and No 50
Barclay OF cut tObaccoe aud dealers in
plug and snuff have discharged hands in
sequence OF the present financial condition of the
try, and have experienced no sensible dminuton or
trade. Collections continue TO be satisfactory although
there UNUSUAL delay occasoned by the banks refusing
accept checks deposit heretofore and the
sequent necessity OF returning checks 10 the homo banks
OF customers for collection Exports are less than for
mery, but this Il To be attributed 70 the decline in
gold rather than TO any legitimate consequence
OF the panic, and on account OF the I'M
amount OF tobacco used by the abornc classes
peTceptble shrnkage In trade might properly be-
pected, because OF the dearth OF money Incident 10
general sOppage OF work. hut this is FULLY counterba
anced by the increase IN the sale OF smoking tobacco
incident to the general change from cigars 10 pipes
which Is made In duh times
John Anderson d Co.. manufacturers OF Soace and
other kinds at Nos llf ana ZIG bcrtyst report both
collections aud trade somewhat dull but they work
ing their full force OF hands ana do not az present
template any reduction. Their customers not gener
ally asking for extension OF credits, ana although
jobbers than ever inclined not TO contract
debts they feel that business ID running IN about the
ordinary channels.
Goodwin Co. manufacturers OF fne-cut chewing and
smoking tobacco at Nos. 2O1 ana 900 Waterst
ming their fun force OF hands and have more orders than
Thomas Hoyt a Coz manufacturers OF all kinds OF cut
tobacco at Nos 4Oi and 400 Poarls have experienced
falling of In trade. Their collections however. are
so per cont less than usual.
ID. IA. MeAlpn Co. manufacturers at Nos It6 TO iss
Avenue ID, were mover buster Their trade 10 largely