Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-02-29
RICHMOND TOBACCO MARKET.

NhDhbaht 50 Aolos
We had moderate loose sale to-day Of 1900
pounds. with l0c. highest on dark leaf. Prices
we're lower and weak, particularly so on red
leaf and Tugs. while the better grades Of heavy
dark shipping leaf sold fairly we'll. On Change
sales OF new dark are increasing with about
same quotations as loose leaf. The best grade
Of dark leaf to-day In crops brought from II 70
1870, while concessions had TO be made the
buyer on medium aud low grades. At auction
sales we're Of sun-cared at ~ TO re. West
Virginia brights sold az a good average up 10
40c, cutters taking tho lead in good prices at 20
to 40c, while only a few hogsheads sold from n
10 9Oc. Low grades were, however, kept In the
background 10 be sold in Jumps. All dark aud
old stock was quiet, and the meeting OF the trade
given herewith Consumed considerable time.
The energetic president, Mr.. Charles Watkins,
assisted by an able board Of managers. are doiag
some well-directed and needed work 10 shape a
clearer coast for the tobacco business aud push
business as never was done before. Much good
must result.
MEETING oP THE TRADE.
called meeting OF the Tobacco Association
was held today at the Exchange DR.. X. A. Pat
terson In the chair. as Siee-prseident announced
that Bylaw No. In relation to warehousemep
carrying insurance on uninspscted tobacco ha,
oeen imperative and neglected, and that the OBJ
ject OF the meeting was 10 have this law OK
plunged before trouble arose by Gre.
On motion Of Colonel c. T. barksdale the
sixth bylaw was repealed by vote.
Mr.. X. G. Morton brought up the question Of
bonds that the waIehousemen we're required
70 give.
General Wise moved to refer the question, with
full power 70 act. 70 the Board OF Managers and
...ff N, auth m a
Trade to that end. Carried.
Colonel Berksdale presented the petition here
with, asking immediate action OF Congress ON
the tobscco tax. This aud the motion that q
delegation OF three carry the petition TO Wash
ington, as from the Trade IS body. prevailed.
" To the House Of Representatives Of the Congress
Of the United Stdt>s:
"The undersigned manufacturers aud others
OF the Tobacco Trade, OF Richmond, Va, which
city does the largest business Ia the manufac-
ture OF tobacco In the United States. pays more
Of the revenue OF the Government derived from
tobacco than any other centre OF manufacture In
the United States. respectfully state 10 your
honorable body. In which sil revenue bills must
originate, that their business IL suffering grle-
yously from the non-actiop q Congress upon the
question OF the abolition OF tho tar upon the
manufacture Of tobacco.
.The expectation that Congress- will sooner or
later abolish this tax as measure OF reduction
Of the surplus creates an indispoeition on the
part Of buyers Of this product 70 make their
usual ana normal purchases. and any other pur-
chases than these. which are attended " supply
the most immediate and pressing demand, ana
by consequence Is interrupting In q most serious
way the career Of trade which engages Ia is
operations In Richmond q very considerable
part OF the population Of thrifty aud growing
city. and throughout the United States tens OF
thousands OF skilled werkmen aud hundreds 81
thousands Of their familiea
awhile, If these petitioners could have thsir
desires. they would unquestionsbly have sho
tax removed. their business thus rendered fres
a. all other business. and vital siement0f MAJ
surplus which locks up the fnoasys OF the PEG.
pie and always threatens panic ersdicsted. they
cannot but believe that any absoiute conciusio1
% which Congress- In ~ wisdom mar arrive
would DO far better tnan the incsrsituds Of the
present
.Thcy therefore pray, In common win thel,
feliow-ciiizons throughout the United Stsfss
that some definite action 10 q once tnxeu n M
connection. and they viii ever pray TIL this b
done'
tine sisnsturss q siAsy-nvs ,obaocoaists es al
The Chair appointed the Believing delegation
" proceed 70 Washington with tho petition ig
order 70 insure action on the same: Hatoz
y; n. Boykin, General Psyton wise, and y u
lns secretary. Mr. q Mcleod 'ssssrseasd