The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-03-19
Tobacco Puffs.

The following from the North Carolina
growers and all tobacco dealers: 1.-The
growers and all TOBACCO dealers: "The
latest move of the Imperial Tobacco
Company-the establishing of a leaf
agency in the United States-bodes no
good to the Southern leaf exporters. It
is assumed, judging from the visits of a
number of tobacco dealers to Richmond
to see the English representatives. that
it is proposed to have buyers on all If
the markets of consequence This
means a serious loss of custom to the
exporters, but it does not entirely cut
them off, for there is a considerable
manufacturing interest in Great Brit
ain outside of the Imperial and the Am
erican companies. The Imperial com
pany promised a few months ago to con
tinue making leaf purchases on the other
side for its various factories The
change in its policy, We suppose, was due
to fear that the American would get
hold of everything and it could not sun
ply its needs. There have been some wild
stories circulated across the ocean about
the buying of large plantations and the
like. The Imperial will discover, to it's
cost, that it could have secured it's leaf
more advantageously at second hand
When it bids directly on sales against
the American company the competition
is certain to be fierce and prices to stiff
fen greatly. The growers for this season
are likely to receive good returns for
their crops the coming season"
The Greenville Reflector writing of the
Greenville tobacco market, says:
The Greenville market has practically
closed for the season, about all the crop
now being sold. The season has shown
marked increase both in number of
pounds sold and in the price. Up to the
first of March, when the last official re-
port was made, the sails for the season
amounted to 9,845, 1876 pounds, the average
price fer the year being $1O.4S. Since the
first of March about 100000 pounds have
been sold which are not included in the
above.
For the previous year the sales
amounted to 9,242,058 pounds, average
price for the year being $8.OS. These
figures, compared with the past season,
show the substantial growth of the Green
VILE market.
THE market will be stronger than
ever next season.
The Harry Weissinger Tobacco Com
pany, of Louisville, KY. has declared IA
semi-annual dividend of 80 per cent pay
able out of net earnings for the last six
months of 1901, making a total dividend
payment for the year 1901 out of earnings
for that year of so per cent. This COM
pany paid a so per cent dividend out of
net earnings in 1899, making total of
100 per cent paid in dividends the past
three years, besides adding each year
literally to surplus account. The divi-
dend record of the company indicates Il
most remarkable example of successful
and profitable tobacco manufacturing.
The capitalization of the company IS
81, 100000. .....-.
The Wilson Times says: THE tobac-
conists of the city spent a most delight
full evening at a banquet given Friday
night at the Seabrook Hotel The bill Of
fare was all that could be desired, while
the responses to the toasts were rich and
full of zest. Captain w. ]. Boykin ably
presided as POSTMASTER, and the hand
lers of the weed thus merrily closed a
prosperous tobacco year"
Tobacco growing under cover might
be termed Intensive farming.-N. {.
Tobacco Journal.