The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-05-24
GOOD PRICES FOR
BRIGHT TOBACCO
ARE PREDICTED
Tobacco Experts Conclude
That Prices Will Not TO So
High, However, As Last
Year, a Record Maker.

The ail-absorbing question among
tobacco men Is how Will prices be the
coming tobacco year? And the South
ern Tobacco journal, answering saws:
The question Is of more than usual
interest in the face of the fact that to-
bacco prices We're higher last tobacco
year, or the year that il now closing.
than any previous year in the history
of the tobacco trade, ut fFdsr wrrrTTU
the last thirty years. As 10 prices next
year no one can tell, but we are fore
ed to the conclusion that while to-
bacco Will not sell as high his year
as last, that prices Will be good, es-
pecially on bright goods
The last statistics sent out from
Washington does not show any large
increase in the holdings Of stock 10y
domestic concerns. This fact indicates
that a large proportion Of bright to-
hacCos were bought last year by the
foreign concerns. The American To
bacco Company. Liegett- Meyers. 4. J.
Reynolds, Lorriiard and other large
concerns are always and always will
be heavy buyers. and these firms can
be counted on to take their portion
or our annual products.
There is no doubt but that there wiiA
he considerable increase in acreage
next tobacco year, and with fAvora bic
+
| heavier next year than the one now
passing. An increase in acreage does
not always mean an increase IN pro
duction, however
The Daubury, n. c.. Reporter in dis
tcussing this very matter, said last week
that the Hoke County Journal reports
Mr. Anderson. Of Richmond, Va,
scout of the Export Tobacco Compa
visiting Raetord and other places,
looking over the tobacco fields OF the
South with a view to discovering how
much tobacco is to he expected for
the fall markets
The Reporter then goes GA to say
that MIR j. 4. Duke. the head of the
American Tobacco Company. is report
ed to have said recently that he would
take at a fair price every pound OF
tobacco To be raised In the United
States in the year 1914, If ne could
get it. This shows, Incidentally, that
Old Man Buck is IN touch with DIG
money, since Ii would require apoTie
81 5. 100000 to move the whole crop.
Also. il is evident the tobacco king
considers our staple industry as a
safe proposition. otherwise he would
be afraid to plunge like that,
The indications all point 10 good
prices again this fall. There is not
as much danger of an oversuppiy as
some people might lmaAlhe- -
Piedmont North 1dfDIIna A'f NAii4i l't1t
and Stokes county as an instance. III
formed people know that farmers Tor
many wears have been raising all the
tohacto they could and that the pro
d,,ction is limited, owing In the scarcity
Of labor on the farms. All the foat-
ing la Dor goes To the towns, eF SOM
public works Many young men ledNe
their fathers for schools, or take pc,
sitions in the cities. The old man VIII
Tell YOU that the farm is on snort ca
pacity because he needs heip
In the meanwhile the American To-
nacco Company. the Liggett- MEYERS
Company. the Lorillards. the export
neople. and the ether big buyers are
rushing their trade into newer ana
widening markets like Japan, emma
land Russia. all the time creating great
or demands for their goods, and as
result. better pay for our raw prodacI'
In the first place MIR. Duke Is no
longer president OF the American 10
harco COMPANY. but he IS the olG Ross
Of tho British-American. Mr. Duke
NAV or may not. have said that ne
would take at a fair price all the To-
hacco raised In the United States, and
then again the question might arise
as 10 what Colonel Buck considered a
high price But at any rate the BRIT
.ish~American wants a lot of bright to-
bacco.