Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-09-30
RICHMOND THE CENTER
OF BIG TOBACCO TRADE
Annual Meeting OF Tobaccouists
Cheerful Gatlering-Prosperity
From Grower to Manufacturer,
INCREASE IN MANUFACTURING
PRESIDENT Frazer's Interesting Report
Shows Enormous Receipts Of Leaf
by Rail From AL Parts Of Tobac.
co.Growing Country.

AT the annual meeting Of the Rich
mond Tobacco Trade, held last week
the tobacconists. who attended in large
FORCE were In fine humor. All Of the
onictal reports showed that FOL the
hscal year ending August 81 there was
prosperity among all handlers of the
weed. from the farmers who start the
ball In motion to the manufacturers.
who finally turn the finished good.
loose on the consumer.
The report of President Nat Frazer
started out with congratulations to the
trade over the prosperous year that
had come to all. Reviewing general
conditions for the tobacco year. which
IN this latitude runs from September
to September, he said:
Prices have ruled higher than for
years. Planters have been pleased and
encouraged. and manufacturers and
dealers Especially Of sun cured) have
- secured crop, the quality OF which
has never been surpassed in the history
OF the trade. Owing to the strong
market. high prices and active compe-
tition. the bulk of the sun-cured crop
was sold earlier than ever known be-
fore. In the last tobacco year. from
the opening Of the loose market to
Christmas. only about 100000 pounds
were sold at an average OF S706. while
for the same period this nscal year
age OF $l4.l6. slightly over double. The
sun cured crop was cut short to some
extent by early unfavorable season for
Its growth. and still theNyield sur
passed that OF the previous year. and
the quality was better II is especially
gratifying to note that. while the sum
cured crop for 1861 was larger than
for the past two tobacco years. the
average price paid was about double
that OF 1856. The figures being as
follows: from September /. 1915, to
September /. 1916, 6.SS9.720 at an aver
age Of 1914. and from September /.
1916. to September /. 1917. 1.363,2s5 at
nm average Of $3.50.
Brightest Outlook for Comlnt, Year.
owing to the high prices obtained
for the crop referred to above. to-
sether with favorable seasons for
planting. indica tons point to a larger
crop for 1917 than for several years.
The acreage. however. was somewhat
reduced by urgent appeals from the
government to plant food stun, and
still reports show decided increase
over last years crop, and above an
average crop, for several years. about
d o.
TT IL we'll known that the stocks
OF tobacco now held by dealers and
manufacturers are small. and the
consumption for all grades OF tobacco
mas been and Is on tho increase. the
outlook for high prices Is good The
of all kinds. has been active through
out tho year. All dealers have Hir-
tualIy unloaded with Satisfactory Rrof,
its The worlds supply is short: hence
we conclude that the crop now being
cured must sell fully up.to last years
prices. II not higher.
From best information obtained, the
dark crop OF Virginia will prove some
what larger than last year. of better
size and quality than for several years.
and, regardless OF the disadvantages
of shipping abroad. high ocean rates.
marine insurance. etc. incident to the
war now raging. active competition
and strong market are expected.
Our tobacco warehouses are ample.
both for handling loose tobaccos and
the storage of nogsheads: insurance
rates arc low and inspection unsur-
passed any where. 30 II seems clearly
to the interest OF shippers to send
their tobaccos TO Richmond.
ENORMOUS RECEIPTS by RAIL;
RICHMOND THE CENTER
'It Is we'll known that Richmond en-
vantages and that our banks stand
ever ready to take care Of the to-
bacco interest of Virginia.
The transportation companies en-
tering Richmond report for the fiscal
year ending September /, 1917, that
they brought into Richmond and de-
livered to manufacturers and dealers
150.872,s98 pounds Of tobacco. Add to
this. 100000. wagon tobacco. fair
estimate. making 155.s72.993 pounds
handled in Richmond.
THE United States Revenue Depart
ment furnished figures showing taxes
paid on all manufactured products for
their fiscal year ending June 30. 1917.
s7.411,953.65. against $6.S22.e34.47 last
year, an increase OF sss9.o1s.1S.
Our trade is cooperating with the
Virginia State Fair Association for ex-
hibits OF Virginia tobaccos. and It Is
NlzNNNNNNNNXllZIzE