The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-02-07
TOBACCO DEPARTMENT.

RrcHMoND. February G.-There IL no
market on this continent or anywhere
more thoroughly equipped and organized
than the Louisville. KY, tobacco market.
which has only lately been strengthened
by stricter rules and more compact
combination In the formation OF us To-
bacco Exchange, embracing the whole
trade. This is not mere building for con-
lcnience OF traders, and not so much thai
part as our own Exchange furnishes, but
the Louisville Exchange means rules, and
enforced rules, for the benefit OF All rs
members, aud for Louisville az market
and protection against all Others; and II
locks in the fight the trade il now hav-
ing in the beginning with the big manu-
faclurers, as il there were great strength,
durability, ability and earnestness in
the Trades Exchange
Tobacco brokers, It will be noted, have
equal rights with the warehousemen
who are sellers therel and all others. II
is LOuisyille's tobacco brokers that have
made her trade boom, and not a few Of
them make good years work ont of our
Virginia buyers, while, on the other
hand, the brokers Of Richmond have
only a nominal occupation. An organ
iLaiion we have, and rules 20 protect that
don't protect the broker, but no; only
discriminatcs against him in favor of The
seller, but by the infraCtiOu of and total
disregard of the rules The vocation has
been brought into ridicule, If not con
tempt almost. Every tohacconist knows
this. and that If the remedy the rules.
were appealed to, there would be hardly
enough Joa9 fdo brokers left in the ranks
10 advocate their cause Let any one
review the number Of letters, circulars,
reports. etc, sent ont by The brokers OF
Louisville and other markets and ask
themselves if there is not power and
ability to the building UP Of other mar
kets in such advocates.
Every right and prerogaliye Of the
Richmond broker is virtually dead let
ter at law, and Justice demands a repeal
or an amendment for the protection Of
that class contributing their quota in
full 10 expense and efficient work. Long
enough has the law been cvaded, and to
the Trades detriment; and Ike Louis
vile brokers. must be again recognized
as coequal factors In the tobacco bust
ness, who will greatly add as such 10 our
business. prosperity. The seller now en-
Joys double privileges; The broker none
in Richmond
Among late circulars we have that Of
Messrs +. G.. FRANKIE 81 Co., of L0uis.
vile. which We quote, emitting only the
most concise and elaborate and correct
statistical tables, embracing The data Of
all the worlds market for many years
back TO 1850
REPORT FOR JANUARY 1883.
The year 1883 was an unfayorable one
for the tobacco trade In general, owing
to a very small and inferior crop. TX
pectati0ns for a good year were held on
every side. Values of tobacco decreased,
and ii WAS generally understood one had
but 90 buy and fortune was made. The
mistake was mad0 in that the stock on
hand of suitable iObaCcos was under'es-
timaied Manufacturers in this coun-
Try had dlled every shelf and
corner in jobbers and retailers
hands with manufacturers tobacco,
in the fall Of 1887, which caused
little 90 be done THIS year ana % lalih4
of in the manufacturing business. In
Europe manufacturers had been supplied
Tor some time TO come with raw material
and had invested all the money they
could spare. The change came when our
farmers pitched again Il big crop.
Everybody became frightened Of the,
this years, large crop, and values depre-
ciated below the actual value, until fin
ally some tobacco was sold for less than
what the charges thereon came to-
II was thought that we would get not
only a large but a good crop, but Il seems
now that the crop is again oyer-estlmated
as regards the quality, at least
A Louisville Tobacco Exchange was
formed here embracing the whole To
bacco Trade The mode Of selling Is of
course unchanged a. e., over the hogs
head AZ the WarehOuse--W. L. d., but
as buyers and warehousemen are now
under one board, inspections VIII be bet
ter, Il possible, and better protection be
afforded to the Trade.
t. c. FRANKIE Is Co.
Leaf Tobacco Brokers