The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-08-16
AVERAGE WAS ABOUT ST.
Why This Season is Going to be a Re-
cord Breaker For Prices.
NEARLY $4,000 POUNDS SOLD YESTERDAY
Prices Ranged From 81 to S3l. About 4oO
Piles Were Sold. Prediction That Three
Million Pounds Will be Sold
This Years.


than realizing the expectations Oh eX-
perienced tobacco men. Nearly every
break is bigger than the warehousemen
had reason to hope for, and the prices
have been improving steadily ever since
the opening day. The advance has been
gradual, but strong, and the chances are
that they will keep on improving.
Yesterdays sales, while not so large In
number of pounds as on the opening day,
were generally considered the best or
the season thus far. both in quality OF
tobacco and in prices. The day was
marked by the appearance on the floor
of the buyer for the Imperial Tobacco
Company, Mr.. Elvin Fleming, who proved
a very heavy buyer, and livened up the
bidding considerably.
great deal of interest is being taken
in the market by the citizens generally.
Quite large crowd attended the sales In
both warehouses yesterday, and there
was a large sprinkling of ladies in the
crowd
1t is estimated that nearly $4,000 pounds
were sold altogether yesterday, at prices
ranging from $500 to $31.00 per hundred.
The average price was something like
$l1.00 There were better grades on the
market than formerly this season, and
better prices were brought on the same
grades
A prominent tobacco man predicted to
a News and Observer reporter yesterday
that 100000 pounds would be sold on
this market this season. and 57,000,0 900
next year.
Every indication points to a great to-
bacco season for 1902 1t is we'll known
that the American Tobacco Company was
several million pounds short in stock
last season. This naturally impels both
that company and the Imperial, their
English rivals, to buy up as much of the
weed as they can get their hands on.
Now reports are coming from the farm
ers that the crop is going to be short in
quantity but excellent in quality. Could
better combination for record breaking
prices be imagined?
That the Raleigh section will get to
be tobacco growing country seems as
sured. Fully twenty-five per cent. more
farmers are raising tobacco in Wake
county than last year. and from all re-
ports there will be twenty-five per cent.
more next year.
The proprietors of both warehouses
look to the interest of the farmers and
everything is being done to add to their
convenience. Well made stalls and
troughs have been fitted up for their
stock and new mattresses have been
placed in the rooms for sleeping.
The first sale yesterday morning took
place at about 1890 at the Farmers
Warehouse. and at 1880 Auctioneer w.
L. Rice commenced his musical song at
the Capital City Warehouse.
There were just about 400 piles on the
floors of both houses, with a difference
of only about seven in favor of the
Farmers Prices at the Capital City
ranged from $3.50 to $31.00 a hundred.
The following is list of some of the
planters having high-priced piles at the
Farmers Warehouse, with the prices
paid:
]. D. Yates-$52O, 1915, $11.75, $14.75,
1925, $21.0O.
b. Ivins-$9.00. $14.00.
Fab Lucas-$10, $14.25 $500
T. C. Council-$725, $3.50.
Tom Roberson-$S, $12, $40.
Oscar Barnes-$10.50, $12.25, $3.50.
y. l.. BarneS-$I0.E0, Slo, $Il, 9lo.Z0.
]. A. Wall-$9.25, $11.75, $3.50, $1775,
$4,000
L. E. Warren-$S.75, $3.50, $3.50, $3.50.
s. d. Cook-$1O.25, $16.25, $25, $11.25,
$16.25, $24.5O.
w. ]. Cook-$1O, 1925, $3.50.
r. P Tucker-$S.75, $1,000.
]. NJ. Tucker-$925, s1425.
j. c. Bobbitt-$S.25, $13.25, SIS, $1O.75,
s14.75, SIPS, $1225, SO.
H. d. Nowell-$9.75, ST, $14.
J. c. Strickland-$7.5O s12.75, SIPS, SIS,
s23 90.
W. s. Whitehead-$1O.5O SIS, SITS.
]. NJ Stevenson-$19, SIS, $13.25, $15.75,
$500
B. Hobgood-s1O. $685. $40.
j. j. Honeycutt-$10.75 S16.75.
j. e. Bats-$1S25, SIT, SIS. rs, $3.50
J. F. Bats-$1O.25, $3.50, $13, $40. so, $24
D. e. Sauls-$S, $7.25, $3.50, $1O.75,
$3.50, 1926, s12, SIPS, s15.25.
C. t. Hester-$S.75, 1915, SLIPS, $1175,
$140O.