Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-01
TOBACCO TRADE.
Z a GRATIFYING REVIEW OF RICH.
MoNo'S MARKET.
Prosperous Observation-Disclosures Revi
val of Loose and Uoeshead Trade
The Huslncss OF 1892.

The most important item OF interest IN
tho tobacco trade OF Richmond IS the
successful continuance of the loose bright
tobacco sales, foreshadowed ard predicted
in last LIST OF Jsnuarys DIsPATcH. Inc
naticipatious OF the trade have been more
than realized IN the sale OF 6,oOO,oOo
pounds Of briehts from January l, 1872 10
January /. 1898. against I.207.9i6 POUNDS
cold during same period of the year pre-
yious. while the dark loose sales show q
similar increase. as per table appended;
Our buyers have taken TO the new order OF
sales with spirit, and prices which nave
been full prove the popularity OF the loose
sales with planters and buyers alike. NJ
merous buyers from other markets nave
made Ricnu ond their home. tPnters
from four other States are almost daily on
our breaks. spending much money mere
from the proceeds Of sucn sales.
Ioort-sALB ORoANIzArIoS.
Tho magnitude and Importance OF the
loose sales compelled separate organlIa,
ton nnder rules and penalties PRESCRIBED
mainly after the code OF older loose bright
markets and this now order OF Things
works well. Tho Tobacco Exchange or
caniztion isthe head OF the whole system,
and members OF the loose trade must be-
como members of the Tobacco Exchange
also.
IAHax sALEs or FINE BRIGHT LOOSE.
From Eastern North Carolina and South
Carolina Richmond sold a larger quota OF
fine bTiehts during the past six months
than ever before tins season, ana these
grades were accounted the best IN the lsJ2
crop for color and good qualities. He-
cents from South Carolina have also been
GOOD and of fine stock. while virginia ana
West Virginia have contributed IN largo
measure 10 make our sales oil btights tho
hest 10 be had IN any other market. our
buyers fully realize the many great adj
yanta0eS of home market for oil KINDS OF
fbbaccO direct from the planter. and there
is perfect harmony and unity In the traoo
IN this respect
A very successful excursion Of tobacco
planters from Eastern North Carolina
helped the cause very much. ,By every
dny sales the FIVE warehouses; selling loose
tobacco have been found ample tor TINS
years =ork. but the future will require
moro room.
BRIGHT TOBACCO OF 1892.
The bright crop OF 1892 disappointed tho
great maiGrltv of the trade, and planters
as well In general character TIE Ieat Is
short, rich, and dark, making an aOun-
dance Of good filters and good proper
ton of continental shippers. Inc den-
cheney is about rs per cent. ieSs IN weight
and there ~ also q great scarcity ot bOth
black and fine bright wrappers, whlie III
fine English dark stripping there has no
thing made its appearance up TO GATE that
could be Chased as fnG stock IN length or
quality. Cutters and smokers are com
paratively good and equally scarce, DARK
and hight mahOganies prevail in the ,0id
bright-belt section Of Virginia, west VIZ
gina aud North Carolina.
Consequent upon these uDioreknOwn
conditions, the old stock mot over ample
~. al...W fNf n
creasing sales. This put mp prices OF wrap
pors, particularly fine brights, III Decem-
Der Manufacturers and spectators very
naturally bought heavily, looking FORWARD
to lively advance IN prices. Low grades
and good filters and smokers Jared similarly
in this advance.
TIE wear 1888 finds little or no good dark
shipping stock on hand. and the last tour
months OF 1872 were notable for the clean
ing up Of old common hOusekeepers OF
every sort for export and home .use. Late
sales Included some 1885 prlmlngS at ana
o. cents a year ago practically unshlaDIe
stock. This latter movement was III COM
mon aud IN sympathy with IKE move
ment IN low grades IN western markets.
New York and Baltimore markets were
drawn upon TO supply the deficit IN com
mon smoking and plug grades
sUN-CUBKD SALES.
Sup.cured tt auction continued most
active in old tobacco. and tins IL the ohlY
tobacco that has sold Mt the board on
'Cbange of late years. These sales closed
rs usual about September last. Prices
ruled stront with few reflections The 1881
CROP. being of e6cellcnt. ripe, leaty, clean;
aud sweet Qualiif, was readliY bought anu
nj this date bare handful of stock romans
IN speculatOI} hands readily saiaOle NJ ~
TO 20 per cent. advance.
The 1852 new crop l. called poor, short,
and deficient a. l1dged by tho present
loose receipts II will, however, tnInleh
Good filters II not fine Wrappers Black
wrappers from all indications will be
scarce. >,
The 1891 crop was an exceptionally fine
dark shipping Leaf and every hogshead
was we'll disposed of at good prices, pay
ing both planter and rehandler.
IHE MARKET.
Our tobacco market has been greatly
strenrthenod by adherence to the prlncl-
ole OF having all dark shipping tobacco
Inspected in Richmond. The former high
standard OF sampllng has been tully main
tanned. The storage and inspection ware,
houses have been filled all the year ana
doing an excellent business.
There was only one fire to record IN the
trade IN 1oy2-that of A. Is Eddlns, redry-
inc factory. Though totally destroyed, 1t
Is now rebuilt
The number of plug and smoking-to-
bacco factories romans unchanged. he
handling factories, on the other hand,
have increased seven or eight more imam IN
1891 The volume Of business done on the
Tobacco Exchange proper has decreased,
while the private Office sales increased
proportionately. The railroads have IA
vored the Richmond tobacco trade with
prompt accommodations and fair rates.
WESTERN TOBACCO.
Business in western tobacco largely in-
creased IN 1892, just as III the year previous.
The advance in western grades Tor smokers
aud filters during the past six months
largely augmented business, while much
capital of this city was invested IN west
ern leaf, put up for direct shipmentto Eng
land and other countries.
THF TRADE.
The Tobacco Exchange is In its usual
fourishinc condition, with increased mem
bership as compared with 1891, Mr.. W; Il.
Miller became president and w. L. HAN
cock yice-president at the October cleo
ton. All other officers remain as In 1891.
By death the trade lost Mr.. II. Is. Ialia-
Zorro MIR. Lawrence Lottier. an old ana
esteemed ex-member and manufacturer,
also died during the year.
The export plug business has remained
in n very satisfactory condition. The
trade has been as heretofore exempt from
burtful failures.
The manufacturers of tin tags, decorated
boxes, etc, employing several hundred
hands. had a very encouraging ana sue
cesstul year.
cHERooTs AND oIoARrTTrs.
The cheroot aud cigarette business, main
IL in the hands of the American tobacco
COMPANY, continues TO flourish with very
larcely-increased output. There has been
A large increase in cigarette making, part
iy due to the fact that the New York branch
of Kinney Brothers was burned and much
of their work had 10 be Temporarily done
here. The BOIL Cigarette Machine Com
handsome dividends through the American
Tobacco Company. 49,
A new Cigarette machine-The Wood
made in Richmond, is a new candidate tor
popular favor in 1898, aud Is just about
completed. -,
All tobacco cigarette factories have