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 814c per lb. 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 U890: vaccaried ¥ wire ws. 90,000,000 117,000 195,000,000 
Year 1900 ............ 111,000,000 142,000 264,000,000 
Year 1905 ......seeeee 324,000,000 159,000 330,000,000 
Year 1909 .......0000. 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 8 million 
dollars annually. 
90 
