Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-01-01
THE TOBACCO TRADE
FULL REVIEW or THE RICHMOND
MARKET ron 1896.
DEPRESSION BAS HAD ITS EFFECT,
The business, However. Has Kept
Abreast with Other branches, and
some Lines Have Done MciI-Dc-
mand for Fine Grades.

conservative OF tobacco markets. the
central hogshead market and depot FOR
the product % Virginia and North Caro-
lima. to which that OF South Carolina
has been Of late years added while
West Virginia has been largely lost to
US recently by making o speciality OF
Burley tobacco.
The year OF 1896. however but reflects
IN tobacco the general duness and de-
cline incident 10 all other branches oil
business. but. fortunately. IL. as our STA
pie product. is on better basis IMAM
other products and manufactures. AS
regards profit. the planter In the past
few years. has had the best or H. 10Y
whatever may have been the Price paid
him. n decline IN general has loio"e'
such purchases Tobacco stIh repre-
sents the farmer best paying crop ana
the best grades have not ceased to be
OF profit 70 the planter indeed u is
only in the inferior grades mat there
IS a surplus loss, stagnation.
Tho cultivation OF finer grades ot oo'h
bright and dark tobacco in the WI slni'S
and North Carolina siih ohers Tue pes'
indueemout 20 planters VINO stuoS ny
,hods manuring. curing, and the mar
ket's special demands. ..u
farms" I'm Virginia, which, having
changed ownerships. have more thah p"l1
for themselves in one years crop Vl
tobacco adapted to the soil and intelll-
gently cultivated.
BRIGHT CULTURE NEARBY.
Considerable stimulus and more than
enough proof that paying bright loo"ooO
lands are adjacent to and nearby our
city on the south side and eastward Vi
Il has been furnished this year py 10
bacoo made eXporimentaiy ana solu on
,hts market AS the FIRST fruits Of the
recommendation or the t"oe Vl 49,"
,nond and through the premiums cleIed
hv and the PRONUNCIATION through the
D,snatch OF tie possibilities OF this crop
IIogcever the best results are yet 70
come: the best crops Of 1875 from inns
section are yet to be sold, but promise
well o-.
The character OF the 1896 dark crop
is Judged from that already 500 a.
loose bcre ana elsewhere ina Virginia. IL
is 4 ripe. clean. rncdilm-slze leal lODe0-
co with fewest defects-eNceHeh l"i
domestic or export manufacturins-hh
red tobacco well matured, free from
green. generally air-curcd or Suh-c'I'1'
and sweet. Oar plug men nave "Hc""'
bouehf OF il lfrgely and al good prices
Tor the better grades from oc. 10 Ioc'
Iucs rule low. being eVcryv mere lh super
abundance German saucers are louHu l,'
this crop. end, perhaps. a betler a"S
more abundant grade OF AuS''' "" -
furnished than ,ast year wnlch Was ,"o
smallest quota hat Reggie has beeh aDic
TO obtain for mdny years.
II may we'll be said here that an lhe
fair 10 fine shipping and "oih'hs 10
laecos of the old crop have been ols-
posed Of. and that the dark hoss"e~u
stocks on hand. are either luss low
grades. nondescr,pt, or trosted ltl' u on,
he 1885 crop. Tile general conpid"' %
farmer, factor, and factory is .l"' 1l,
IS an excess Of low grades H heailS
every crop. and Only perfection in cui'uio
will overcome this constantly lec"iii"7
loss and drain i'm tobacco. $500.
Prices have been generally satisfactory
In sales Of new dark loose ioht''o' I''
GENTS have been moderate. Lue7 are
fully as low as last year Ions sl.'iinii.
and leaf shipping shows ueH0''l .
Green and one-sucker tobacco Is rarely
seen. Oronoko has taken its place largely
and wisely. Sales q dark aggregate ht"4-
Nv the same as az this date last year
LOOSE nRIGHTs.
These SHlIS SHOW ~ Au+lA+-t N+-f
nared with 1895. owing TO disorgahlH'
iion OF our warehouses during the SPRING
and simmer. hut during the past thite
months Including some very harsn Wed-
cher and the holidays. sales have aesie-
gated more than the previous nine mon'
~ the wear. The quality of receipts
has been very good and satisfactory l'
all interested while prices nave pee"
f,illv well maintained by interesteu Duy-
orc an their home market. who are more
than ever determined 90 carry out tnel
Motley Of uatronizlng '1e home ltarhe'
FIRST The effects OF this partially iul
filled policy has been very good. ana ohs
needs to be pursued more fully, ana "a
extend itself 20 tn h1gshedd trade also
TO make this market without a rNdl l4
brights or darks
Although he loose market lost seVeIa
small BUYERS IN 1896 those who remained
are far more than able and ready to take
ten tmes the quantity OF TOBACCO heIe'"
fore received
The years sales have ~ raced the pes
crops Of an sections of Nsinia, Yves
Virginia. and North and South Carolina
and the future was never more brlsn
for an increased substantial business
NEW WAREHOUSE FIRMS.
shelburne's Warehouse closed and Wa
vented 70 the American Tobacco COmpdn'
for hogshead storage. Stonewah ware
house closed but was Teorganlled as ,'
S.onewal Warehouse company Oh"
sbelburne. manager. Planters Ware
house was reopened as a bright loos
warehouse. wiue Brogdon & Crute. pro
nrietors. These with payenport's ware
house. constitute our three bright-sale
varehouses. while CrcnshaWs an
ebockoe warehouses continue TO sell dai
loose. Sun-cured tobacco over the hogs
head ana loose Is sold 81 stonewaH ware
house
a minimum business is done ON 'Chang'
except ior two or three months Ot IN
wear ~ the annual meeting Mr.. Jane
Y Rovd was elected Sresiccnt vice MI
W T. Hancock: Mr.. +. r. Crump becam
rice-president hy election. Mr. Hancoc
was elected TO the board, while Mr. y
IT Smith was succeeded on the Arbitr
ton Committee by MT r. ". Carringtoi
No other important changes were mace.
THE HOGSHEAD TRADE.
Regarding private safes. the statistic.
tables tell best what Was done. II shOul
be noted. however. In these comparison
that very many hogsh-ads sold are Ok
reported; others are soit from other ma
kets bv our merchants without reachiu
Richmond or storage oP inspection. VIII
very much Burley-prchably 1850 hog
heads-is stlll sold and bought drect
by our manufactures. and is not counte
In statistical transactions. But. notwiu
standing all these changing method
there has been a very Considerable fallr
off I'm hogshead sales n 1886. In 1895 u
newly organized CO arctic factori'
bought large stock Of old tobacco
this city. and these may yet relieve q
deficiency. The sales, too. OF the pa
two or three years have been augment,
by liquidation OF old accounts and repr
scented generally losses The year is
enAs us on q rocl. bottom basis as