The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-01-01
TRADE STATISTICS.
An IDEA or RiCHkOHES q BUSISESS
DURING THE PAST YEAR
IntersteWs with y Number Of Oar Lead
ias Merchants sn Different Br.nchsa Of
Trade Encouraging Report. aud Prom
ising Outlook Customhoase.

ising Outlook Customhoase.
To-day being the first day OF the new
year 1888, nothing could be more appro.
pirate than a brief resume OF the trade OF
the city during the year Just closed in
connection with the outlook and pros.
poets Of the one Just beginning. To this
end reporter Of the TINES called
yesterday on number OF The repre-.
sentative leading houses of this city in
the various branches Of business, and
fiom them learned the following
TOBACCO
TO ascertain the status of the trade in
the leading staple of Virginia. tobacco,
hessrs. u. III. Mayo d Company were
called on togiye their views. Major Mayo
stated that their business throughout the
year had been very good, and that there
had been generally a large increase in the
tobacco trade Of the city within the last
twelve months. This was attributed TO
the advance in price Of leaf tobacco,
which had given widespread spirit 10
the trade. From all he could learn this
was the experience of all the tobacco
manufacturers Of the city. The outlook
was also very good How large a crop of
Burley tobacco would be raised during The
coming season, and how /, might affect the
Virginia market, he could Of course make
no estimate, still be believed tha, the
farmers Of the State had learned that the
secret OF success was in making good
tobacco and would turn their attention
more than ever 10 producing the best ar
ticlr, and that would tend TO keep up The
prices OF the Virginia product The
only trouble he saw possibly in the way
ofa prosperous trade for manufacturers
was in the agitation of the repeal of the
tobacco tax and the approaching presi
Dental election. Concerning the
fTst he feared that it would
create an uncertainty in trade, which
would prove detrimental. He had little
doubt, however, ;ha. the repeal Of
the tax would be followed by system of
rebates which would save the buyers
themselves and would enable the new
order Ct things 70 be instituted without
any trouble. AS TO the latter, he had
talked with number OF prominent men
Of both parties whom he had met al
home and abroad, and the denomination
and reelection Of President Cleveland |
was so generally conceded that the de.
mOralization of business always expert |
enced in presidential election years
would be less felt than usual. Taken
altogether, therefore, he believed /
that the city and country had /
great reason TO congratulate themselves /
upon the experience Of the year past. and !
upon the promising outlook for the year |.
just opening.
INTERNAL REVENUE STATISTICS
In this same connection a call at the I
Internal Revenue Office showed tha, the R
latest collection Of the Second Reyenge
district OF Virginia for the year
ending yesterday was 1881 .02G4l.
This district includes Petersburg and
Norfolk. The internal revenue collec.
lions during The year .sS1 over the yean
1856 was more than $3J0,000 This rev,
enue is all obtained from tobacco, except
ing trifling amount received from other
sources. And though Petersburg and
Norfolk are included in the district, Rich
mOnd pays by far the largest proportion
During Christmas week the tobacco
factories of Richmond were more than
usually hard At work The quantity of
tobacco shipped by them can be better
stated bv record OF the tax stamps
purchased during that week, as compared
with Christmas, 1886. All these stamps
were sold to Richmond factories