The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-01-07
TOB ACCO DEPARTMENT


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RIcHMoSD, January 5.-The Louis
vile Tobacco Trade has now an organ
izatiOn under a tobacco exchange rule
similar 10 our own, and has made some
vast improvements in our regulations.
The planters warehousemen's sellers
and brokers interest have been justly
and carefully considered, and r full
agreement has resulted, although no one
side seems 10 have gotten all that their
committees demanded. Happy Louis
Vile
The committees of the best business
men held meetings daily during tire
HOLIDAYS. and worked thirteen hours a
dav. II is said, 10 harmonic and organize /
before January /. The sellers fees are
fixed at $500 pee h0gshead, and ware
houses are not allowed 10 credit over \
five pounds more weight TO the buyer
than they return the planter, under $40 .
penalty in each case. The resident +
seller when selling for himself pays only
81 90 per hogshead on a re sale.
The storage is - per hogshead with F.
fifteen DAYS free storage instead OF four /
months as heretofore.
The fee for membership is S2j, but .
will soon be 800 Resident members .
Of the Exchange and bona .fde agents as /
resid ~ buyers on the market only can be /
come members Every nonresident bnyer /
buving anywhere on the breaks and in I
Louisville, must pay the regular broker /
age fee. These are some OF the new laws. /.
Louisville tobacco men recognize the /
Justice due the buyers of tobacco, who /
are essential to sustaining the market, |
are under the same restrictions and at |
same expense as the sellers But how is I
il here at home2 The broker and buyer /
must paw everywhere else he goes, and /
when buyer comes here he buys clh0m |
cost or expense at the expense Of the !
broker. who is part OF the Trade, who |
sustains it, and yet without the slightest /
protection. The rules on Change /
here should be abandoned or en- |
forced No one dare say that /
there is right in the permission tacitly /
granted any one 10 buy here free of any I.
tax or expense that is imposedupOn our /
own members. There is no incentive /
for any broker 10 attempt to bring any [
business here, and those outside OF our F.
market wonder why we so discriminate /
against ourselves and our own direct in /
terest.
We hope our trade will undertake a
vigorous reformation in behalf of long /
suffering minority, who should enjoy /
equal rights under am organization; it /
was thus intended and thus save to the
trade. through its brokers, tens of thou
sands Of dollars al home Much more
might be said butit is best not publicly /
done. W L. u.
No sales of loose tobacco to-day. The
total sales Of loose tobacco for week
ending Saturday December 9Th, were
4 900 pounds.
am requested by Messrs Vaughan q
Saryav, lessees of Crenshaw's Planters
to say that sales Of loose
tobacco will, on and after this date, com
mence at 10 o'clock sharp and they most
respectfully ask the prompt attendance
of buyers.
Registered AT the Tobacco Exchange
today Z. c. Hackney, Durham, y. c.
Mr Harris, New York Mr.. Finch,
BROOKLYN; A. A Redway, Boston, Mass
H. Chapman, New Bedford
Mr. William King, Jr, of Lynchburg,
Va. was on Change to-day, and was
warmly welcomed by his Old friends in
the trade.
Nj William G. Miller reports sale Of
lot of dark shipping tobacco to-day.
Messrs J.. j. Parrish x Co. reports sale
OF a few packages OF wrappers to-day.
Mcssrs r. l. Norris q Co. reports sale
OF q ,cN flier' to-day.
Mr. Silas Shelburne reports sale OF a
few old bright filters to-day.
4 prominent commission merchant re-
pOrts sale of a small lot Of bright wrap
pers and smokers.
Tobacco Inspector reports l2i inspec-
tions and % reviews.
Messrs. j. W. COnrads Sons sold 10
DAY a few packages of medium filters and
wrappers. They report tone of tobacco
market strong. and predict that 1t will be
very much. higher Mr. =. T. Conrad, OF
the abOye'frm, says | refused $50 for
some old tobacco this week \ prOmi-
nent broker had an order TO buy nifty
tierces Of fine wrappers, and he says he .
examined the stocks OF nearly every
commission merchant in the city and .
found fewer desirable wrappers that he /
had supposed this market could furnish /
al this season of the year. Says he /
bought a lot at 1880, which ten days /
later could not be duplicated at $3.50
Mr.. John 4. Hutcheson. warehouse /
man, reports some little shipping to-day /
Messrs. NJ. II. Clark & Bro, Clarksyille, I
Tenn, report resumption OF business /
after the holidays with small offerings OF
old crop tobaccos, low grades and prices /
shade easier on common lugs. Demand /
increased for frosted lugs which are stiff /
fer in price Offerings so far have been /
of poorest crops. Receipts in December
mainly new crop, 5Gl HID, sales in De /
cember, 1917 HID, stock January lSt, /
reduced 10 4 O79 HID. c. Mel.