The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-10-20

Pacific type Locomotive for Southern
Rpiiwny--naliwin Locomotive Works..

bacco business that comes along in
the course of u year Richmond is
amply equipped The warehouses, In
which the loose leaf that reaches here
from nearby counties by wagon aud
from all of southside Virginia by rail.
are large, com.nodious and we'll
lighted. They have ample room in
which to take care OF the weed, and
Z all the houses are Differed by men
who know the business well. and
every care is taken of the weed when
It gets into their hands.
storage Headquarters.
There are u number OF storage
!. warehouses for the care of the weed
when it has been ordered and packed
In hogsheads. a new $4,000 storage
warehouse has been erected within
the last twelve months 1t is located
on the Manchester side of the river,
convenient to the tobacco territory of
Richmond. 1t has a capacity for $500
hogsheads, and it Is now filled with
tobacco All of the storage ware
houses arc commodious and we'll built
1t is well known fact that insur-
ance rates on stored hogsl,ead to-
bacco is lower in the Richmond houses
than in any market in the country.
This Is because none OF the storage
houses in Richmond are buildings
erected for other purposes and then
improvised for storage. They were
built for the express purpose of stor
ing tobacco and with an eye to safety
from fire and consequent low rates of
insurance.
Last Years Crop.
The Virginia and North Carolina to-
hacco crops of 1906 were very much
below the average in quantity. and
rather below in quality, and yet it
sold well. Because of Increased con-
sumption and a short crop every far
Iner who made tobacco in that year
got good money for it this year. The
Soutiside Virginia farmers and those
on both sides of the James near to
Richmond, who make the famous sun
cured stock. the olive green and the
long red and black leaf, have been
doing well for the past several years
They have pretty much abandoned
fire-curing of all of these types, and
gone to air-curinS altogether. The
American Tobacco Company encour-
aged the farmers of the sections
named to adopt this course. as these
types when air-cured suit their pur-
PVsS'S uttiti. Int consequence
Is that company and all of its sub
factories. all of whom are large and
liberal buyers on the Richmond mar
ket. have been paying the farmer
better prices for the goods they so
much need.
The crops in both Virginia and /
North Carolina for the present year
are very little. II amy larger than last |
Il,
better. The average has not been near
so large as las; year. fbut the Weld
has been betrer and the pounds cut
and cured Will probably be equally as I
many as last year, but hardly any
more.
From all parts of The dark belts
in Virginia come reports corroborat-
Ing tie above.
Similar reports come from the
bright belts OF both States, and from
some parts OF the Virginia bright belt.
along in Charlotte, Halifax and
pittsylvania counties, the reports as
10 quality are OF the most encourage I
ing kind. Numbers of farmers from I
these sections report that in the mat /
Iers of fibre. color and general good I
qualities their tobacco has not been /
better in decade, but at the same
time all report that owing to the (!
scarcely of labor and to the back /
wardness of the spring season their
ncreage has necessarily been smaller J
than it otherwise would have been.
The large demand for the raw ma
terial has come nearer cxhausting the
old tobaccos. those grown in 1906 and
1906, than has been known at this
season in Sears. = One of the most
prominent aid best posted tobacco
men on the market has made a care
1ul investigation. and the actual fig
ures show that there Is to-day less
hogslead tobacco of the old weed in
the hands OF Richmond manufactur-
ers, warehousemen and dealers than
has peen known on the first of No.
Sember in twenty years.
On tile whole, IL looks as IL there
Will be good business along all r1ncs
in the tobacco world from now on
Why should there not be? The farm
ers OF NirSinia and North Carolina,
upon which states the Richmond mar
ket feeds, have good but not large
crops, the manufacturers the world over
arc IN need OF stock TO supply the
constantly increasing demand, an in
creased demand caused by increased
consumption OF the Weed all over the
world, and they must have the raw
material or shut up shop.
A Cloud That Threatens.
There is, ii must be said, one cloud
that oNerlangs and threatens the
situation, and that IL the talk OF a
panic and a money squeeze that is
constantly coming from Wall Street
OF course, If there should be q perious
mar M a, ia,