The times. [volume] (Richmond, Va.) 1890-1903, 1899-01-01
BIG YEAR In TOBACCO
BUSINESS. IN MOST LINES, nErTER
THAN ron SEVERAL YEARS.
LARGE SALES At FINE PRICES.
rs. too.c and sun-Curcd Markets
financially Good-The statistics Tor
Goethe Future Holds Out Great
promtsc OF Bctter Things.

a~,, A,storv Of the Richmond tobacco
narke, for another year has been written
md as tho pages slip from thumb
.na enrer az the last rapid review. per
So ne thine most Of an likely TO be
remembered IS the strong hopeful tone
of the pcople who have lived IN IT,
TN. tobacco business in Richmond for
,s,s has been good. not as good as desired
an am respects it IS true, but in some
lines better than in any year OF the past
and am ia an. probably the best in the
mast few years of the markets history
Inspections have fallen on about thou
sand hocshcads; they have been falling
off Tor several years. and usually by q
much larger amount. This is no means
pow,ver of jrdging the increase OF de-
crease IN the business, for great deai
~ trade is done in tobacco belonging TO
the Richmond territory which does not
come under the eye OF the Inspector. IL
s. sold by sample. and the sampling is
sooe elsewhere. In this way, Richmond
s.efore often own and dispose Of great
,,,.s.,,ities of the merchandise which never
once touches the Richmond warehouse
common complaint Of 1897 among me
commission merchants was, that wine
fnies we're larger than ever before they
ala not make the money OF previous
,..grs be.ause OF the small profits on
the sales. The private sales reported io'
3.lS are not as many as reported for lNi'
iut tho brokers arc quite satisfied with
tro wears financial results. profits making
,fr fr "a decree for the Joss IN amount OF
sales.
-rbc loose sales for dark and bright to-
laccos promise TO be larger for the hscM
year Of 1850 than for two years past. Inc
sentiment of the entire Richmond trade is'
that this phase OF the business should pc
greatly increased.
sales OF sun-curcd tobacco on Exchange
bv sample increased over those OF 1877 py
a th.rd and doubled the number sold ia
lSs. This branch of the trade is parucu-
larry hopeful.
Here is good index TO the business
conditions existing during the year. III
1s7 there were one dissolution, one dis
continuance. and four assignments tins
year there has not been ID single ass sn-
ment. bat ON tho other hand. one new nrm
cstablishel-J. a. Dart. 70 Nineteenth and
Cary streets.
The close OF 1898 has been marked 10y
the changing OF hands OF one of the old
est and best known tobacco manufactures
in this country The pant of 4. Ii.
Mayo q Irother 0ncorporaicd), haFins
been absorbed by the Continental Com
pany Mr.. Mayo retires from the firm,
end Mr. Thomas Atkinson becomes mana
ser Of the Mayo Branch. and a director
I'm the Continental Company.
There have been three deaths OF we'll
known and beloved members Of the fra
h..
MARKET STRONG FOR LOOSE.
l. D. Vaughan d CO., proprietors or
Crenshaws Warehouse. large dealers in
loose tobacco. contribute the following
Interesting data about their phase OF the
trade for the year There are sold from
So0ocoo TO 100000 pounds OF dark loose
tobacco nc public auction 90 CrenshaW
shockoe. and Stonewall warehouses on
four days Of each week, beginning with
Tuesday and ending with Friday, COM
mencing at 10 o'clock. selling two lots
Or plies per minute.
This tobacco comes 10 market largely
bv private conveyances. but tt is also
brought here by railroads and steam
boat companies from all parts OF about
fifteen counties contiguous 10 Richmond
viz. Chesterfield Amelia. Powhatan'
buckingham. Cumberland, fluNanna'
Go0chland. Hanover, Louisa, Hen
rico. Caroline, New Kent hlnB
William. and King and Queen che
latter three counties produce very little).
The average price is 81 60 81; average
sales. 100000 pounds. at s., amounting 70
$4,000 This does not. Of course. include
tobacco sold Deg sample, privately or on
Tobacco Exchange The large bulk OF
TOBACCO sold. here is 10y samples. Rich
mond s-t-e best and most conservative
market n the State. and with its ample
accommodations t0 handle and snip TO all
parts of tho world there seems 10 Doe no
good reason why our people should not
SCH very much more one reason why
more Of The tobacco Is not sold here
loose r the 'ack of united effort and en-
crgy of our merchants 90 bring THIS to-
llcco 20 our buyers and also from lack
of conserted action on part OF some ot
our buyers. whl send their orders away,
thinking. gao DOUBT by SO doing they can
buy cheaper whhh is doubtful. Let the
tobacco come heis through its regular
channels ana the benefits viii be mutual
our market closed with the year strong,
with good outlook Ter The future.
The United States Government has al
ways shown a decited preference for
Virginia tobacco. especially for its navy,
havIug contracted with our manufac-
tuners for nearly 10000 pounds Of plug.
our manufactures are said 90 De the
best our buyers. generally, are OF the
highest order of gentlemen liberal and
hroad-miuded. our merchants are affable
and courteous.
There can be 200 doubt but that Virginia
tobacco has gained friends. 10th at home
and abroad. ON account OF rs excellent
quality The trade has had a good year
thus far
SAILS or DARK LOOsE.
Sales of dark loose tobacco on lhe Rich
mOud breaks for the calendar year, end
ing December 81. 1Ss are 4.l5G 1S pounds.
Total loose sales. dark and bright for
tho fiscal year. ending september 3D. 1898.
b239&3 pounds.
THE SITUATION OF THE BRIGHT
A gentleman intimately associated With
the bright tobacco business says. I'm
reviewing the bright tobacco situation
for the past year J am lea to believe that
there is much to encourage as az this
time. While stocks AN appear large IN
England. 30 now looks as Do they viii have
90 DO brought back.
"The demand has been unusually good
Tor smoking and cutting grades during the
past three months. which naturally puts
the crop BOW being marketed in a much
stronger position.
"The consumption OF bright tobacco is
largely on th. increase. ard while the
area for producing 20 has been somewhat
extended iu both North and South Caro-
lima. yet the old section in North Caro-
lima does not yield the color IL did
iu former years Low-gradc plug stock
oilers has been in fair demand all the
year. The Interchangeable filters have been
less active while the FINER grades OF
brIeht oilers have been sought after. both
by The home trade and exporters