Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-01-01
TOBACCO TRADE.
Review Of the Leaf, Plug, and Olnef
Markets Of Richmond for 1880.
EARLY GOOD EXPORT BUSINESS
,nIcs and Deliveries OF b"rie'
crcasing-Thc Failures
Relative Prices as compare"
Prcviou. Years.


Richmond remains as iot
mast the headquarters for lear tooaco'
a., hoss,esds-the chief and centre IN
.n.o,ioo market for shippers ana re-
saaa,,rs of virginia and North Carolina
1 -. I'm, without prompt, energetic,
IA consistent effort the advantages Ell
loved by her Of late years III ner many
tributary interior marke's-now contest
tne, strenuously the export ana inspec''o"
80, ,o.,oo husincss will no longer be-
,o,,. exclusively or mainly 10 our market
pichmond capital has flowed out ireeiy
,s.o,o,o,e as now, 10 build up rival
~rots now not only strong enough TO
,,ke care OF themselves, but becoming
daily stronger competitors for the ieai
trade other markets more exclusively
,.,.cco markets. or depending entirely
mon this business. act more sohoiy' ap,
plvlny and employing their strensth anu
capitaI TO the tobacco business ana uraw
st,cnglv on our resources anu
f,,nds which should be exercised TO
-. our home trade, than which
mo- ether As more powerful and important
Sn bulldiuc I'D Richmonds material ~
,o~cet in giving employment 10 tne
,,ossce for merchants, mechanics OF
capitalists ,.1.,,
DECREASE IN SALES On thAN"h'
e,lcs OH tho Tobacco Exchange iast
ar reached the lowest mark IN inc MS
tor, of this market. The falling OH i"S
hcon dine 10 tho practice % seillis ny
samples privately in Offices near tne EN-
change. The tobacco thus hahuleu Soh,
Il. Of
md assorted stocks, when, peihS III
,.oiced and usually in running lots anu
marks. is better adapted to private IMAM
,,,l,lic sales Planters sun-cured TO-
baccoa are still sold on Change held by
several parties. Loose tobacco saies'
,,bich occipv the attention Of the Trade
The fore part Of the day nave also ue-
trscted from the business OF the bN-
change. the loose sales increasing III pro-
portion. The Tobacco ENchanse y, onIgens
remain as last year-Mr. w. L. ian
cocl, president: Mr. James y. Boyd
Vice-President; Mr.. c. Mcleod. secretary
and treasurer; Captain W. Nj. Bridges,
INSPECTOR and Mr. r.. y. Trice, auc-
tioneer. The Exchange membership Is
Direty-four, but there are many loose
buyers not members.
The private sales Of sampled tobaccos
Rave shown up well for three years
past. NEUTRALITY-SUSPICIOUS. Ab' 1000 pam e''''
sinlness in trade since then. The loose
rales. it would appear, have revived the
private sales, rather than otherwise.
WESTERN TOBACCO.
The western sales and deliveries here
az hurley and other tobaccos are increas-
ingly large, but these transactions are
seldom reported. and very few sales are
included in the private sales list; other
wise the increase I'm that list would
be very much larger still, aud much
more business might thus be added TO
the credit of Richmond. Our manuiac-
turcrs draw their supplies directly and
largely from their agents In the west,
while very much tobacco is sold by both
western and reinspection samples here.
Western and Burley plug is more extern
siyely used by our exporters and do
nestle trade factories, by some almost
10 the exclusion of Virginia and North
Carolina tobacco and this is one of the
greatest changes in the past five years
in the Trade. 1t is because of this that
so many of our manufacturers of this
class find themselves under difficulties in
competing with the cut prices prevailing
for the past year among the st. Louis,
Mo: Louisville Ky. and Middletown,
(OD factories, and the general cut
rates between these and the American
Tobacco Company which war has caused
such serious losses TO other small fac
tories. not as well able 10 bear the bur-
Sen as larger ones.
FAILURES FOR THE YEAR.
Two factories failed in Richmond
last year-the Edel Tobacco Company
and Il. H. Boykin & Co.; but these en-
tailed small losses on our local trade.
The failures were attributed to the long
plug wars in the West Our other fac
though curtailing their output essential
w. They await favorable turn in the
tide. and put themselves out of the way
of voluntary losses in the general fight.
The assignment Of Mr. Il. d. Christian,
tobacco broker did not AFFECT any one
in the Trade. He represents one of the
largest tobacco manufacturing firms in
this country, and the Trade hopes he
viii hold this business
The cigarette business. outside OF the
American Tobacco Company, which has
kept up their full force. has been con-
lined, as usual SO largely TO this one
company as 10 exclude mention Of all but
tho Cameron * Cameron factory, which
IS increasing its business in cigarettes.
cigars, tine-cut, cheroots, ETC. The T..
Whitlock Branch Of the American Tobac-
co Company leads in the oheroot line.
ABOUT OUR EXPORTS.
The table annexed shows a fairly good
export trade In plug. Prices have ruled
80 low in leaf as TO make good trade
possible. In export leaf the usual orders
nom buyers on the Continent have
been filled, but such orders are very in
significant as compared TO many years
ago. before the main orders went West
The Austrian order is the best for dark
tobacco here. and IL engages our first
quality Of leaf. in quantities limited only
by the supply of line grades. which.
owing TO heavy frost and drought this
year, viii be materially cut short in sup
ply. making prices probably much higher
than this years purchases OF last year
crop. the best grades of which ruled at
about IA i-2 10 10 l-2c.
Dark. loose sales have fallen off. The
crop Is short. and large part killed by
frost. and in consequence the bulk of
deliveries up to date have been sold
under and at l cent per pound while
sound tobacco rules stronger than last
year at this time. The demand is active
for black wrappers and clean, rich filters
The highest price for new tobacco is
10 lie: sound Tugs. l Ia TO &c; COM
mdn leaf 9 IA to S-4c. short leaf, 3
10 &c. rich filters and shipping short leaf.
4 l.2 70 &C.. good leaf 10 &C.. very good.
Sl-2 10 loo. hne-working, IL 10 l6 Lie.