Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-01
prasur AsyN REoRGANIzED.
All the virginia Cleaners Now "e"-
bers Of II.

All the tirgiuiu Spen""
bers Of 1t.
(New York Journal OF Commerce
The Virginia Peanut Association war
Organized April. 1894, and was eonipvae'
NJ twelve Of the fourteen cleaners IN VIZ
,,,n,o Tho association was organized 10
better control and market the pe""",
crop. The different firms when ~. NV
,ho association discarded all pri'a'e
brands and association brands WEI 'I -,
s.ituted. The market was coh'ioneu
ther, until last fall, when some ,s
sao,ion arose and three OF the ieauins
arms withdrew from the assoeia.on ,
viz the Gwaltney Bunkiey feanue -
many. the Columbian Peanut ',,,s'
and Williams & Sons. IL - not ,noi =. e.
" clear what the troupe was -. 70
reported that the assoclauon - ,her
ao,,,od al, the orders did not place theh
o,.nrrv with the members Of the associa
,,on THE New York market requires
ht,her-orade peanut than any otner mar
bot and II was said that some hrms re- re-,
TODD more New York orders 10 III
than others. Naturally the peanuts
cleaned for New York cost more IMAM ioi
other markets. particularly the west
,rhis loft but nine firms I'm the associa-
t,on and the three which withdrew parity
Combined with the two firms when MAJ
never been In the organization since tid'
time II has been practically bltter hsh',
each faction trying TO force prices 50 una y
the other side would lose money. Wheh
these three firms left the associatioh me
commenced using their own brands, whlcn
,bo,, had discarded when the combination
was formed. and as many marks mad 2
largo reputation the association allowed
the remaining members to use their own
individual brands II they so desired. Vi
late an effort has been Oh foot 10 reor-
eanize the association, and advices from
Virginia report 1t successful. Not only the
three firms which had left the associa
ton. but also the Edwards Peanut Com
pany. Of Petersburg, Va, and the Union
Milling Company, Of Norfolk ana WIND
sor Va, Joined the new combination, ana
the association has now been reorganiZeu
under the same name with all the cream
ers into It. At a meeting recently heio,
Mr.. D. Etheridge, Of the Merchants ana
Farmers Peanut Company was eiec,eu
president: Mr.. r. w. Arnold, OF the
Standard Peanut Company, vice-presi'
dent. and Mr.. G. NJ. Balm. secretary ana
treasurer. The rules of the association
differ somewhat from the old ones, as
each factory Is allowed to continue T.
use their standard brands; but, on the
whole. the outlines of the new association
are practically the same as the old. The
members now Include the following: The
Norfolk Storage Company and the Ameri-
can Peanut Company, the Nj. Levy Com
pany, the Merchants and Farmers Pea
nu. Company, the Norfolk VaD
Peanut Company. the Standard Pea
nut Company. the Balm Peanut Com
pany, the Waverly Peanut Com
pany, the Farmers Peanut Company,
c. F. Day. Williams & Son, the Column
bian Peanut Company, the Gwaltney
Bunkley Peanut Company, the Edwards
Peanut Company, and the Union Milling
Company.
One of the first things done by the as
ISOLATION was to advance prices, and re-
cent fancy hand-picked were quoted by
the association at AZ cents. The first
monthly meeting was held Tuesday OF
this week, and the association expect to
advance prices further. The crop of last
year was probably less than two thirds
OF an average crop. and stocks OF old
peanuts were considered unusually small.
Notwithstanding this, however, prices
have continued low throughout the win
ter. and dealers here in New York have
accumulated large stocks which are be-
ing held for the probable advance. Deal
ers have been willing to sell their stock
at a reasonable profit, and, as result
prices are not any higher here than at
the primary market. and for this reason
IL will probably be very difficult for the
association TO advance prices materially
until the present holdings are practically
reduced.