The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-08-04

the public market The greater bulk OF
1t was sold on the Louisville. Cine n
natl and Lexington breaks. ana not
little Of 1t found It's way TO Richmond.
There have been from time to time
distributions Of large part OF tho
pfocedes Of the sales as they occurred,
ana tAo final distribution. which is to
"c made NOW. comprises. IL IS saba.
about one-ilfth of the entire pool. From
the proceeds VIII be deducted the cost
of conducting the pool during the
three years OF its existence.
y fun statement OF the business OF
the pool is promised by the Burley
Society as soon as the final settlement
Is completed. II Will take several
weeks TO make the settlement anI col
le, uons from all OF the purchasers OF
tho pooled tobacco, who comprise prac-
locally all OF the tobacco manufuctu-
rers of tile country. including the Amer
lean Tobacco Company, which got
large share OF the pooled tobacco.
New Plans III United Cigar Co.
On the announcement Of new TN
ancial plan soon To be put into effect
hy the United cigar Stores. tu0 stock
of that gigantic retail corporation rose
to tile new nigh record OF .i5 in Wau
Street
THIS plan provides for "a aew cor
roration.
The old stock is to he retired, and
tic holders VIII receive three shares
OF new storck for one of tho old In
addition to this. they will be permitted
To subscribe at par for one share of
new prcfcrrod stock for every two
shares OF old stock that they may hold
This will result in the issue Of S2'-
0co.O0u %: rev common and Si5o0.o0O
OF ucw preferred.
While the old stock was selling We'd
ucsdav al pa. the new common stock
soll az 49, and tho new prefer ed was
ll5 Ni. without transactions reported
Rishis on the old stock were quoted
from 3 TO -. bat without transac-
lions reported at any price.
Tho Cigar Stores Company has within
.no last week or SO opened nifty new
r.ear stores in various parts Of the
t"uitry five Of then being in New
York city
Under the new business ARRANGEMENT
with the producing companies The cigar
Stores, claim that their net profits havo
been increased materially because they
can buy OF independents as Well as
OF tho trust The trust In the ola DAYS
AZ Is said. would sometimes force the
Cigar Stores Co. 20 market brand
OF goods tina, might not he popular.
Sow the Cigar Stores Company touches
nothing except what will sell readily.
TAis Zig corporation has re-
Gently added another store In Rich
mond to It's long chain of retail stores
in the country
Various Tobacco Notes.
Crop reports from all OF ;he Viz
i,inia counties III which the great sun
cured stock Is grown are encouraging
10 tho manufacturers OF the sun cured
chewing tobacco While. on account
Of unfavorablo weather in tho plant
in= out season last spring. tile crop
Is rather irregular on the hills It has
ali grown we'll so far and from all 90
the counties come reports Of Increased
acreage Tho Richmond warehouses In
which all of this leaf is sold Viii have
busy times the coming fall and winter
FOR tho Indications are that they VIII
nave two or three million pounds more
90 son the coming season than they
hau.ici last season
South Boston. the ambitious. is set
ding It's pins 10 sell e50oo.ooo pounds
OF the bright varieties this tobacco
wear which has already commenced
thcro with few sales Of pflm.ngs
Reports from the country that mar
kets the leaf in Farmville lead me
warehousomcn and dealers in that town
10 4cneve that they Will be called upon
to handle quite 100000 pounds mere Tor
the tobacco year OF iel2-1S ''an t"eE
did handle in the last go round
Durham. y . has set It's pms 10.
Is 10O.0 pounds this year ana an OF
IL will be bright. 49,
Henderson too expects to break It's
own record in tie sale Of brights.
That market also gets some long dark
grades from Warren and fFahN''"
counties In the Old North state
More Work at Roanoke Rapids.
weldon. y C.. August a.-Ihe hoss'nn'S
win tuN a "a siNty-foot extension 10 is
weave snsd $50 m!lO to provide sHa.
~ .Aa-.L.na- Laams. u IS a.Eo adelng earls