Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-09-09

l really called the South'S 'turn, ana
that within Eve years from this time
the South win be one OF the most az not
the most prosperous sections of the
country. hear from almost every quar-
ter that capitalists are looking In this
direction for Investments. and the field
IL, 70 my mind, most promising ana
inviting one.
81. We have n iaw-abidlng. Chris
tian people-the best in the world, In my
| opinion.
- We have the finest climate. almost
the year round, to BE- found anywhere.
%. We have soil capable OF the highest
Improvement. Astounding In all KINDS OK
minerals. and capable OF almost unlimited
| development.
~ We have watcr-power and water
and rail- transportation growing N mag
nitude and Importance all the time.
"And lastly, the crops OF the South are
| better than those OF any other section.
as far as can learn. So that. on the
whole. think wo are entering on an
era OF great prosperity and progress"
Tho Tobacco Trade.
| Among the tobacconlsts there Is re-
| newed confidence. and business IL report
| ed to be improving. Here are expressions
from men representing all branches Of
| tho trade:
| Mr.. Charles watkins: I have just re-
| turned from New York. and find every
| where that the South Is the talk OF big
| businessmen: her railroads and other
| material improvements. her fine crops
| prospects and resources are attracting
4 wide. deep, and earnest attention, in
dicatiye OF great and solid future pros
| perity. Our favorable contrast with the
| Vests condition IL very marked and
| manifest. Il would sell out and 10 South
| at once II could" said a prominent
| New York man. The tobacco business
| shows little Improvement yet, but II will
come In due time with general brighten
| ing Of business Recovery from declines
and shrinkases cannot be accomplished
| In day.
Mr.. J. J. Hickok: Ny August sales Of
| plug tobacco in 1894 doubled those OF Au-
| gust. 1893. / must say collections in Vir-
| ginia. West Virginia, and North Carolina
| are good and the prospects improving
Cooper Crews. Berger e. Co., the Davis
| Gregory Company. Shclbourne & Scott.
and other warehousemen all look forward
10 large and good sales OF loose tobacco
In Richmond, coming directly from The
planters. The new crop is a very desira-
bic one In both darks and brights. This
market has buyers and banks. exporters
and manufacturers that will sustain and
enlarge II. The new crop Is starting out
high for brlghts, and will probably have
% settle down.
BIDS ARE TOO HIGH
THE new crop IS the great factor
now" said Mr.. James ". Boyd. 'Bids
are too high for healthy business in some
markets. Both our trade and the plant
ers should regard the home stocks OF old
tobacco and that abroad especially.
when casting up what the future will be.
Business is on solid basis-healthy-
but full recovery will take time. hard
work, and patience 10 accomplish. The
good crops of tobacco and cotton and
grass are a great blessing Richmond is
the tobacco market of the future for Vir-
ginia and North Carolina"
Mr.. i. Lightfoot Wormley: / regard the
future of our Richmond Tobacco Trade
as decidedly bright. The volume Of bust
ness in prospect for 1926 will be fully
realized, and show a decided increase
over former years The sale OF loose
bright tobacco here has been an ac-
knowledged success. We have good
line Of buyers for all grades and the
opening up Of this industry here will
give employment to hundreds of laboring
men and put thousands of dollars in our
banks. l should not be surprised If Rich
mond did not sell from 100000 to 1900
900 pounds of loose tobacco OF the 1894
crop.
Business is duh at present" replied
Mr.. John NJ. Taylor. leaf-commission
merchant, TO the Dispatch inquiry "but
the outlook Is good all around for the
South. As old tobacco Is worked of.
AIDED by the better new crop, business
Will improve gradually"
Mr.. i. II. lightfoot is fully convinced
that business will improve slowly and
substantially under the present healthy
indications. The prospects are all pleas
ing' without any boom feature, among
tobacconists.
There is no Improvement in trade lust
now said Mr. ". r.. Hancock, but the
condition Of the South indicates decidedly
pe'ter times for manufacturers of to-
bacco, while that from the West will fan
short. The abrogatlon Of the free.lsof
OH VIII give manufacturers a good show.
though orders may be not w to the
standard for some time"
MT W. /. Darlington. proprietor of the
Aliegnany Warehouse: Manufacturers and
Others are taking very little stock out
OF the warehouse. Business is only ouiet
ana the outlook points to better business.
MT ). X. Harris, of Henderson n. c.,
a reading warehouse man and buyer. said:
Farmers are having a picnic In North
CaroI4na-Wlth all their crops good. There
IS considerable old tobacco yet TO be sold,
and our people will lose little or nothing
on it. They will generally make money.
Our tobacco trade is in good condition
business is Improving. and the future
promises better things still
MUST HAVE PATIENCE.
Mr.. ". L. Dibrell, editor of the Southern
Tobaceon;st said: The depression in bust
ness has been too long and pronounced
N ha in I.,-
hopefully because croaIxing don't pay.
While all the trade is pleased with all
the signs OF improvement, and with good
crops South already secured in tobacco
ana other staple products. yet manufacture
ers are very much behind average years in
output and profits, but having wisely cur
tailed expenses. are abiding the better
things hoped for. and not yet hardly be-
gun TO be realized,
Our export trade is not active" said
one of the members Of the r. c. Williams
Company. "No better or worse than for a
year or more. our domestic trade in
the South is good, and we look to that
section for the chief improvement in
business of the plug manufacturer, which,
however. is not yet manifest. but fully
expected"
Mr.. Charles Z. Ellison: l lock for a
decided Improvement. though this has
just begun TO manifest itself now in
inquiries for larger Rts Of tobacco indi-
eating lower interest and better pros
poets in store for our tobacconists. To-
baccO Is bound to follow the Improvement
in other lines of business The South's
agricultural prospects all favor greater
activity.
Messrs Arlington & Rose say business
Is picking up by degrees. The prospects
point 10 better things. and the trade is
more cheerful than for some time.
Messrs. NJ. T. Smith & Co: Business
is fairy good now. but / look for generai
improvement in the near future. Manu-
facturers are very conservative buyers.
on good footing but with only small
stocks, ! believe.
In the Hardware Lines.
The iron and hardware merchants and
manufacturers speak in cheering terms of
the prospects for increased business. and
many OF them are already very busy.
Mr.. Arthur B. Clark, president OF the |
Old Dominion Iron and Nail-Works. said: |
Since the tariff bill has passed and Con- |
grcss adjourned the country has given a |
sigh of relief, and Is disposed to settle !
down TO business once more. The usual /
fan demand for goods has set in, and |