The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-10-21
POOL OF 1910 CROP
HAS BROKEN DOWN
Auction Of l20 600, 000-Poun 1909 Pool Of Bur
ley Society in Lexington Declared Off, and
Tobacco May Be Sold in Cincinnati.

Cincinnati will open very soon there
after. Record breaking sales are ex-
pected at the warehouses here, where
most of the Burley will be sold and
where 100000 pounds is sometimes seen
for sale in a single warehouse in one
day. Despite the fact, however, that
the breaks have not been formally
opened by the warehouse association
here, there have been some auctions
of few thousand pounds each, and it
is expected that more than half the
1910 crop will be sold or waiting to be
sold before Christmas.
The enforced heavy selling of the to-
bacco crop Is expected to help the finan-
cial stringency in Kentucky consider
ably, especially in the bluegrass, the
centre OF the Burley belt.
In an official statement, after care
full Investigation of existing conditions.
Chief Ramey, of the banking depart
ment of the Secre tary of States office.
at Frankfort, declares that the banks
will be benefited by the breaking of
the pool and that they will have more
money released for other enterprises,
instead of being tied up in the pools
as 1t has been for several years. some
of the banks having loaned practically
to their limit on warehouse receipts
from the pool officials
The auction of the 100000 00O-pound
1909 pool of the Burley Society, which
was attempted here several weeks ago.
and has been dragging along since that
time, was officially declared off We'd
nesday, October 10. A committee from
the executive board went to Cincin-
natl Wednesday night, ostensibly for
the purpose Of securing storage room
for the S000o,000 pounds of unsold to-
bacco in the 1909 pool. but really to
negotiate for the auction of the pool
tobacco on the Cincinnati breaks.
1t is also expected that the Burley
Society will offer portion of the
S0,000,000 pounds left of the 1909 pool
on the Louisville market, but officials
of the society adhere absolutely to its
avowed policy of giving no information
whatever at any time in regard to the
society's business until 1t has become
matter of current discussion.
Offers No Bid.
Throughout the fight between the
Burley Society and the American To-
bacco Company on the 1909 pool the
trust has refused to offer any bid, and
at no time during the auction of the
1903 pool for the past several weeks
has there been known representative
Of the trust on the breaks
The bidding by the numerous indie
pendent buyers at the recent auction
was spirited at first. though several
cents a pound below the schedule OF
prices fixed for the. various grades of
tobacco by the Burley Society previous
to It's unsuccessful attempt to sell the
tobacco Augustl6-by exposing samples
at fixed prices and on fixed terms, and
as the independent buyers were gradu-
ally filled up, their handling capacity
being comparatively small, the prices
became so very low that there were
many reflections by the Burley Society,
and on the last day of the sale. Octo-
Der 10, only seventy-three bids were
received, and all We're rejected, while
several thousand bids a day were re-
ceived early In the sale.
The throwing of the 1909 pool on
the open market at auction was a ruse
Ito force the farmers who had refused
to join for 1910 pool Into the organ
izalion by soaring them with low