The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-19
.REPORT | ARE |;
VERY GLOOMY |, [ Y
British Tobacco Trade Review
# Shows a Very Unfavor.-- ii.
able Year.
The COMMISSION /, IS s. Q. MEN.
Send Out Circulars, i, Which
They Say Some Things About
the a. T. Company.
THE com sion men

Very considerable interest is manifest
cd by local tobacco men In tho annual 'lil
reports of the London leaf market, when
have Just come to hand.
A report Of any sort from this quarter
would be Of Importance since the bust
ness interests Of all the Richmond cx-
norters arc involved In what happens
On he other side, where they sell their
tobacco. But the character OF this par
ticular report gives 1t added Significance
5,rhe past year is declared 10 be one OF
Tho most unfavorable tho country has
ever experienccd. The British commits
sion merchants send up q Groan az INC the
condition Of affairs, and have GOOD 2
deal to say about the American ~
3bacco Company. They plore ny ny. sly ~ :,
cess OF the trusts, and suggest that u
they robble IN the whole trnde. England
for sclf-protection may have 70 PC t ul
n Into a. rcgie country, where the GOV
eminent handles the trade.
5 REPORT by MULLER
In tho annual report issued By W..O.
Muller and Company OF London, the tol
lowing islthe general review OF Inc ma
Eet:
dnn market for tho last twelve months
~ have Ia report ono Of the most un-
favorable periods tho leaf tobacco trace
q this country has experienced iol - :,
long time The present economical w
industrial depression pcrvadllls ltioa.
branches OF commerce might 70 SUN
extent be the reason Tor Inc coH. ~.
apathy In our tobacco marker, pus =,
scbi.r cause. however. seems 10 lie III
another direction, pointing TO the un,
generous and rather narroW-rnlHueu
Trade antagonism which sprang INTO OK
i~tence some years ago, when stochs y.
tho rav material showed an increase OUT
~ nj, proportion to the actual oei,i''"u
rh, large accumulation OF zeal ~ ~ n 'l..-
wn.s detrimental in Its effects ny cAus
ing the healthy trade rlVaHy U A.,t,a,
years to degenerate INTO at % II.
which In many instances was ~ 49,.
,rco with the elementary principles o.
CIV, commerce Consequently tne
nritishS robacco Trade, more especlallS
~. ,oanl,fa curing branch, rarely COT
snicuous BY its unity when us lhtei e 20
~ large were in question, became the
oninct Of aggression by tho trusts from II
| the United States. !, - r,r,,,nnv
sinc,, tho American Tobacco loHlains
, sn IL sphere Of activity to TINS
cn,,ntrv and thereby caused the lorna =
nnnSnf the "Brltish Combine when
s,,,,sonuontlv became the basis for an
90 4 morican tobacco combination ION y,
Ne ri. Iii. 4 paec Trade has ~.
~ H. freedom OF action. Hence ~ :,
market throughout the past year M va -
| q continuous state of nervous appt I 80,
| sion, which reduced me Soiu.'o .o,,a COOS
n naas particularly In American topa cc ts
/ to one OF inc siae'te ~
''' 'A' EENRc.Y OF DENTs s ~.
10 a. thc mast year there Is one lhteI-
acting poInt which gives matter FOR ], Sm ~
isfa Glory comment 1t is the energy hiiu "a
so,,rcefulness with which the inaepe !,t ),
cnE manufacturers have Bcohte"usu ! w., go
ths,r' powerful Ang American an'a s,'
, ~. lad un he thirteen prominent firms
M,h, Al tho time made the laudatory -. !,
f mr In Foppose tho American con1pet,'
10, Nv forcing the British Comp'lle.
,a,,ad With more confidence on ~
etranpth and vitality OF the BRUSH "
hacco industry. instead Of oyerestn .,.,a !
I liz the power of their American t haa,
4 nc tradn would have certainly pee'
wv N the dIsadyantageous and some
i '1,nt bumlliating position IN Whlch
finds itself now placed H., 49, ,,,d,c ef
In examining. from an 'unpTeJuuit.ss,'
,,nint Of view the present com
plitmat,on ono can but hope that III ~
5interest Of tho entire British 'Iopuce'
Irudo The Anglo-Amerlcan tonacco t co...
p bipation may not by lts lac..cs 81, ~ ~
IL to an lSSuc NA''N'' ''''S''D
,,nr,, existence of a free tobacco trace y !,
ms country into question, Iopa .,ss :
wol,lablc source of revenue 70 the ~
Z. t;onol 1nxcheauer hence its eYent''a ~!
- mn, independent exploitation ny one uu,,'
nan NAM for the benefltgof few Wow !,
I not not he of long duration, Il W WOW :, =, :
nllSprobability lead to an institution SIN Sun
Z ia, - to that 10 which some Of the con
tnental nations have Ind 70 acco1'''''p
Z date themselves GRO
rhe report then goes oll 70 ueal ~ ~
narticularly with the different feaeurs
If the tr,ide Concerning virginia ~
Richmond tobacco, II says; -
Virglnla.-Thc high quotations ,i ~
might leaf and strips. which had RUE
since ae Tho autumn Of 1901, were stiil sons :
What influencing the market unt'ns De- ~ :.
months of January and February. Frlees
ioweyer began to show q decided l aoW !
ward tendency with tho approach /
The the harvesting Of tho new crop, an !,
when later the new tobacco, when. q
tbough laelsing In substance but SHOW
i tasI good color, was Offered az very mo, /,
~, nr5 - e9 figures, Il further shrinkage
9 prices ier "a stocks occurred re- y g
vas n fairly modrate demand q 70
u brghts throughout the Yea y, Wll'cll, ~ J,
aver, rarely resulted in transaetio !. :
! j ~, t,piti,dog illdeDcuucnt mauut1l