The times. [volume] (Richmond, Va.) 1890-1903, 1890-01-05
THE TOBACCO DEAL.
a FRUITFUL. THEME FOR DISCUS
SION EVERYWHERE.

General Opinions in Richmond-"hat Il
Thought Of the Transaction In the Dan
vile Markct-yarious surmises and
suggestions.
The rumored transfer Of the Allen a Gin
ter Manufacturing Company to the North
ern tobacco syndicate, as announced IN
TuKTmKs. was a fruitful theme for CONVEX
sation Yesterday in business circles and
among private citizens, and nearly every
body bad his opinion about It's meaning and
probable outcome. Reiicence is still dis
played by those persons directly interested
In the matter. and il is thought by some
that the details have not yet been sum
GENTLY arranged 20 warrant any extended
publication of them.
TALK ON CHANGE.
The great Tobacco Trustwas an intensely
interesting and absorbing theme WIN
tobacco men ON 'Change. 1t IS now sai1
that the biz tobacco deal was organized
by Kinney. Of New ork citN, VINO "79,-
ciatod with him Duke. kimball, and food
sin. and the scheme was conducted
with much cOnsummate skill and foresight
AS WAS evidenced by their getting the
BOnsacks Cigarette Machine Company 10
pool issues with them. and that having Sc
cured this last important concern, tnel
were enabled 10 dictate terms % the Alien
& Ginlor Tobacco Company uncoipoI"ieu) p
which was induced to act on the prlncipie
.that discretion is the better part Oh Naloi'
and haul down their flag and surrender.
II is said that the plans have been lreeiy
discussed in New York city, ana ihal lhe
syndicate declare 10 tO Doe their intention
t0 drive ont or crush utterly the middle
men who have heretofore madeth them pay lV'l'
10 % Der cent. mere for tObacc0s than they
are pleased 90 pay: that with the pooling oil
the interests of the concerns above
named the syndicate acquires work
inc capi al of S2j.OO0.O0O. and that they'
are gong deliberately TO WORK 10
run prices mp on the middlemen ana specu-
iafOrs. making them pay the most eNorDl-
tant prices for tobacco if necessary 10 ac-
rOmpiish their end. II is also SAID 20 De %
part Of the scheme not 20 buy except rom
the farmers directly. so that any one VINO
prosumes 20 compete with them VIII ne IKE
man "carrying Goals 10 Newcastle ana
nave no one 90 sell TO-
II was also reported that a foreign syndi-
cate. or syndicates, were m ihl7 Dig l"Da'',
combine. but that does not seem % DE al an
probable.
Much speculation is INDUCED in as %
what moves the Farmers Alliance. ana
the middlcmcn, Warehousemen. ~c'' VIII
make. Some very ingenious schemes nave
been suggested as probable, ana as many
e0unter-schemcs but as these are pienia-
lure. 10 is not thought proper 10 mention
them particularly.
Dukes concern has the reputation Of be-
ing the largest cigarette mandatory IN
the world as tO the output of Manufactured
Goods. but 10 is said that the Allen 4 Ginter
Tobacco Company Cncorporated) MADE
vastly superior goods % those oil any DINER
concern. and won and maintained a deserN-
edly high reputation for their manufactures
81, that while they were exceeded IN the
amount of goods sold. yet theirs cohmahg-
I'd so much better prices that they maze
more money ON what they produced than
the larger concerns did on theirs.
EFFECT ~ RICHMOND.
II is thought by intelligent observers that
If the deal should Dee success, Richmond
would lose about SjO.O01 year. as many Of
the smaller industries connected directly
with the cigarette trade. and dependent up
On 10. would cease 90 exist here as they
would Doe carried ON by the trust IN New
York. Time will show whether this sur
mise is correct.
COMMENT IL pANNlLiE.
A special dispatch o. the TINES from
Danyillc. Va. SAYS: The announcement
mat Allen & Gntcr have sold ont and biz
cigarette trust virtually formed, has caused
much and varied comment here. Many be-
iieyo the sale is mere sham. intended 10
bluff the Virginia LEGISLATURE now tinker
ing with the American tobacco bill. Others
believe ID bona iido sale, and the first step
toward the formation Of "a big trust
.0 cOniino the cigarette business ana the
leaf trade 10 creates to % few men, crowd
inc an others out. The leaf spectators
look upon the movement with great alarm,
md believe 30 win eventually drive them
from the market They claim that in his way
the tobacco raiser will bee greatly damaged.
rs competition On the leaf market VIII thus
be shut off. s0 far as cutters and smokers
are concerned. Since the manufacture Of
Cigarettes became such an immense thing.
the cutter and smoker buyers have been the
Ninga of this market. Believing as they do
this movement will drive them io other
branches of the leaf trade, they naturally
lremblc at ihe handwriting on the WALL
A dispatch from New y ork lastnight says:
several ci -arette manufacturing firms were
interviewed To-day regarding the report
that cigarette trust had been formed. The
general opinion expressed WAS thatno such
combination had been made, and that none
was contemplated. Kinney Bros. Good
win a. Co.. and kimhall IS Co.. did NOT credit
The report. The representative Of Allen a
Clinton IlDllfUUl fnI ak 81