The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-09-30

The annual meeting Of the Richmond
Tobacco Trade was held yesterday. Pres
ident T. M. Darlington in the chair. Res
olutions OF sympathy for Mr.. l.. b.
Vaughan, who is quite slck. were adopted
officers for the ensuing year were elected,
as appended: 7. NJ. Darlington. reelected
PRESIDENT; c. w. Spcer, vice-president;
w NJ. Bridges, inspector and secretary
and treasurer; r. A. Trice. auctioneer
Board OF Directors-prcsident and vice.
president, w. Ben Palmer. ]. l.. Wnso.
r. r. Arlington, s. NJ. Tompkns. A. r.
Yarbrough, l.. 3. Vaughan and George a.
Haynes.
President Darlington presented his an
nual report, which gives most gratifying
review Of trade conditions here 1t Is APP
pended:
"At this, our annual meeting, l have
thought 1t might be interesting, as well
as helpful. to call your attention to the
volume Of business done during the year
ending September 81 1903. and note the
causes of such results.
The figures are as near correct az can
POSSIBLY be obtained, and l am confident
are approximately true.
SOME FIGURES GIVEN.
Statistics for year ending September 30,
1903: Packages
The railroads have brought to
Richmond OBSERVATION-DISCLOSURES. 1oO,oVu
Receipts by inspection warehouse, $4,000
Deliveries by inspection ware
house ACKNOWLEDGEMENTS. 1880
Stored in Richmond by inspection
and storage warehouses. 6o.ooo
Pounds.
Loose tobacco and sold at auction 100000
Estimated sales of all classes to-
baCcO Observation-Disclosures. .6O, OOO,OOO
Tobacco stemmed In Richmond
outside of factories. .25, 900. 900
PRESTIGE OF ORIGIN.
"virginia has the prestige that belongs
tc the place Of origin, and whether 1t
be for shipment or for home, Virginia
tobacco Is the standard, and the figures
submitted so to show that the past Of
Rlchmonds tobacco market is in many
respects upheld by the present. and the
future gives even promise Of increase.
"The most striking features advan-
tageous to our whole trade are compare
tive low insurance rates. with a basic
rate of first-class city risk. Our bank
ing capital, ample and available for all
business purposes. and especially favor
able Is the position of our city as to
freight rates. 1t enjoys the benefits OF an
'all water rate both by water and rail-
to all foreign and Northern points, and
we have five lines competing for this
business.
HTee liueS CulHeCL US Win tNe w eSt.
with freight charges low enough to make
this but a small item in the cost OF
Western tobacco, SO largely used by our
factories. We have three lines reaching
Southern territory, with rates entirely
satisfactory
ITO sellers Richmond possesses the
advantage of twelve or thirteen factories:
head Offices OF the largest corporations.
and the several buyers for the Regl'e
{C IN ma knf hn
those who are In want of immediate
stocks come. and have long appreciated
the advantage of being able to supply
themselves quickly to any reasonab BILE
extent. To the buyer it offers the largest
and most diversified assortment OF to-
bacco in the hands of the highest class
of merchants protected by an official
inspection so high that 1t Is rare oc-
currerce TO have a compliant.
INVITING TO MANUFACTURERS.
ITO the manufacturer It offers espe-
cally an inviting home-a name that Is
an advertisement in itself-a large class
Of skilled and easily controlled labor. the
advantages before named In matters Of
freights. insurance and discounts, the
rates of which items often decide be-
twoon nro7t and loss.
''Thn treAI nf our tlt'le for the pas,
year has certainly been onward. We
have had the establishment of several
new factories and the majority OF our
older factories are doing a largely In
creased business and have much larger
receipts OF bright tobacco of the most
desirable character. Our storage ware
houses have done large and increased
business. The loan tobacco warehouses
have also had good year. and with a
fine and large crop to sell and with q
good demand therefor,
80 whatever may be unfnvorable con-
dItons of the trade at large, believe
that our advantages are sufficient for
those who appreciate and make use OF
them to overcome in measure adverse
circumstances and reap the success that
| their efforts deserve.
And now, In surrenderlng my office. I
thank You all for your loyal support
and friendship, which have been most
| highly appreciated.
CROP CONDITIONS