During the past 45 years the value of the pro- 

 duct has increased more than $300,000,000. 



In addition to the trade in manufacturing in 

 the U. S. there is the export trade principally 

 in unmanufactured leaf. This amounts at 

 present to about $54,000,000 annually. The 

 price of export leaf has been continuously in- 

 creasing despite of the fact that the produc- 

 tion of leaf abroad is increasing. Thus in 1886 

 the average export price of leaf from the U. S. 

 was S^c per Ib. In 1914 it was more than 12c. 



The following statement shows at a glance 

 the marvelous increase in the tobacco industry : 



Comparative Statement of Manufactured To- 

 bacco in the U. S. (all products) 



Capital No. of persons Value of 



invested. employed. product. 



Year 1880 $ 39,000,000 86,000 $126,000,000 



Year 1890 90,000,000 117,000 195,000,000 



Year 1900 111,000,000 142,000 264,000,000 



Year 1905 324,000,000 159,000 330,000,000 



Year 1909 197,000 417,000,000 



In addition to the number of persons em- 

 ployed in manufacturing we must take into ac- 

 count those employed (as well as the capital 

 invested) in the agricultural and distributing 

 ends. 



The export manufacturing trade is not im- 

 portant, being only valued at about 3 million 

 dollars annually. 



90 



