The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-11-05
TOBACCO PRICES
BREAK RECORDS
OCTOBER FIGURES AT DANvILLE
EXCEED THOSE OF LAST
OCTOBER GREATLY
SAL ES EVERY DAY
OVER FIVE MILLION POUNDS SOLD
on WAREHOUSE FLOORS THIS
OCTOBER OVER 1912
RECORD

Especial to The Richmond virginian.
DANVILLE, VA, Nov. 4.-Presi
lent I. g. Williamson has completed
ais tabulatton OF the sales of leaf to.
pacco at the ten warehouses of this
city during the month of October
which he was unable to do Saturday
tor the reason that the warehouses
mad not figured up their totals The
figures fully sustain the forecasts tina,
october sales would break all records
Tor any month in the long history OF
this tobacco market and what is even
more remarkable fs the fact that not
Witnstanding the unprecedented sales
the prices have steadily assembled until
the average of all tobaccos sold, in
Guiding much dark, common tobacco
IN bad order. shipped here from other
markets for resale, reached s1736 per
hundredweight las compared with
1854 last October The quantity
sold in the twenty-five sales days of
the month aggregated 13.057,545
pounds, and the sum paid out to
growers was s2,2s6, 50I.49, distributed
among farmers of the surrounding
counties.
Sales Every Day.
There have been sales every day
during the month, including Satur-
DAY, and on every day except Saturday
the sales blocked. that Is to say that
with simultaneous auctions at three
warehouses. the round of the ten
warehouses could not be made by the
buyers between Q A. N. and p NJ
ana the eunsold tobacco on the floors
went over until next day. Saturday
never before sales day. had to be
utilized as sales day. Auctioneers and
buyers agree that eliminating the
common dark tobaccos shipped here
from other markets, the tobacco fresh
from the growers averaged twenty
cents per pound. and some fancy lots
brought as much as seventy-tfree
cents per pound While the crop has
lost color somewhat and there is very
little of the fancy lemon or mahogany
wrappers, the Tugs and cutters and
medium wrappers are abundant and in
stiff demand. and the whole crop Is
said to be unusually sweet. well bodied
ana able-admirnhiy adapted for
manufacturing purposes.
The excess of quantity sold in Octo-
Der this year over October a year ago
In S.44s.9e7 pounds, and the excess
derived from that sold last month over
the quantity sold in October, 1912. is
S,oh9 1884 Total sales from Au-
gust ! 5th until November /. 1918. were
1880. 1913 pounds. and the sum de-
rived therefor was 2.745,2f520 Total
sales fnt-the-c urreut-Iear- are czt!a-
mated at forty-five million pounds, of
which sum eleven-thirtieths has been
sold in two and a half months
The high range OF prices II attrihut-
cd by students OF conditions 10 the ex-
ce-ient quality of the crop for manu-
featuring purposes, together with the
activity nf the British American or
Export Tobacco COMPANY which tn ex-
tended the sale and demand for VIr-
Elnia tobaccos in all parts of the
world Then two all the great cor
roraticns and firms are in the market
=. r all they can buy and are bidding
tftcdly for everything that is at all
esrabie for their purposes These. /
with the big exporting firms here and
the smaller dealers and manufacturers
are making the tobacco bring prices
that are pleasing the farmers, who
have rushed their crops 10 markets in
order to get the prevailing prices,