The interior journal. [volume] (Stanford, Ky.) 1905-1910, 1909-09-07

is so deceptive as tobacco prices I'M
less you know all the conditions and
Twenty.seven hogs
heads of this tobacco has been sold
and 30 percent of the price paid us,
and putting the other hogsheads at
average price, the whole will average
16 59-l00 cents per pound. Now let
us see what IL will be when the prop.
or reductions are made. | have here
tofore, generally for the last eight
years, sold my tobacco in the first half
of January In heavy winter order in my
barn, with the only expense Of haul
ing 1t In loose order TO be delivered at
some near point, and | shall compare
prices upon the basis Of selling to-
bacco as usual to be delivered the
18th OF January As I was very anx-
ious to be fair and right about this
matter | showed my figures TO the
president OF the Bourbon Equity So
ciety, and he could make no valid
objection TO them. | do not wish to
speak TOT the hour, but for tomorrow
and the hereafter, and do not wish
to take any advantage OF the society.
owned a third Of this tobacco:
Thirty.three Hogshesds and Twenty
four Acres in Pool OF 1907 Crop.
Sold n hogsheads my third re
ceived NEUTRALITY-SUSPICIOUS.. l,jJo.l5
Not sold, hogsaeads. my
third put at average psice 3lSO2
Total received and estimat-
ed .................S1,713.15
List Of Expenses.
Insurance three times on one
third, S1.50 for 4 months IS $500
Pricing October IS 1908, 1920
lbs, at soc per cwt... 61OO
Storage. at price fixed by
Equity, Csc per month on IL
hogsheads for Is months go. 1915
Interest on the above 3 items
until repaid by sale of the
tobacco underestimated
........ O'VV
Total amount Of expense S 14475
penses ........',..........s1,5 6S4O
Interest at per cent on capt.
tai held in tobacco from
January Is. 1908 to May To-.
19O9. ............... ~ iAV'io
81 .56S.40-sl16.1S the value
January rs, 1908 ......... 1.45222
acres ..,.............. 1,452.22
One acre 1880
sWhatever may be received from 10
per cent reserve fund to be added.
What my tobacco brought in pre-
vious years early in January in the
average:
Per h.
IN Al 1aOo nor acro $3.50 n
10 plus-1903 per acre ....... 2OS.9I
1lla and 12la-l9O4 per acre,
crops average S21S.09 and
crops $250.00 ...".......... 22S.i2
Ga to 9&-1905 per acre,
$3.50 ................ i4195
10A-1906 per acre, c2ps
Observation-Disclosures. 1859
11A-1907 per acre. crops
................. $500. --o'f'
Average for 1902, 1903 and
1904 ......''..' %Vo'o'
What did tne pooled crop, which
sold at 1883, bring January 10, lsOS'
the time | generally sell:
In October an acre weighed l,522ls lbs
An acre weighed January Is 1905
(estlmated) ..............l' SOO IDS
Price January Is, 1908 ......lOOs cts
Remarks on Calculation.
The pool and crop was composed
of one crop of eighteen hogsheads of
strictly No. | quality, better than
that that sold for S25o.oo and l2n
cents an acre in 1904, being raised by
same parties, and balance OF fifteen
hogsheads was fair crop of sound
tobacco and good weight. The calcu-
lation OF money received and expenses
that were legitimate and comparison
of January 10, 1908, and final value
was shown the Burley president for
Bourbon county. Now | claim
that il no part II the reserve fund is
paid that this tobacco that sold for
1859 cents in the pool only nets 1903
cents, ON the 18TH of January, 1908 and
also that this reduction OF nominal
value not only refers TO my crop, but
10 every crop in the pool, whether in
the Blue Grass or elsewhere, and that
every crop should be legitimately
charged with the same percentage OF
expenses. IL makes no difference
whether the owner himself furnishes
all or a part of these items OF sx-
pense, or he gets somebody else to do
so, and | defy any one TO show that
they are not equitable and necessary
charges to be made in any correct cal
culation. have also a calculation
made in bill made out by the Equity
on 1906 crop in the pool. This crop
OF $3.50 pounds was appraised at,
when delivered TO the Equity. 1870
cents per pound. or s54O.67. The ex-
penses charged by the Equity amount
ed TO enough 10 leave the net amount
TO the owner $3S3.3S. This tobacco
was delivered to the Equity February
rs, 1907, and paid for at the end OF
two years, so far as | can determine
from the account. Discounting s3s3.3S
for two years. and 1t equals s342.3O,
which equals about 1913 cents per
pound. In this case all the reserve
but IA cents was paid. So you can
see how deceptive these figures are
and how they give false Impressions
OF value.
Now In regard To our pooled tobacco
after making the proper reductions IL
amounts TO only $lSl.50 per acre, OF
about 1913 cents per pound. TO be in.
creased by any part OF reserve that