Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1919-12-27
GOOD WEED Will
CONTINUE HIGH
But Poor Grades Are Not Much
In Demand, Say Experts
Markets Reopen Monday

10th. Selling will then continue
straight on to the end of the to-
lbacco season.
| Buyers and sellers have had a
nice holiday and are ready to &c
back to work. Both warehouses;
have their floors filled and sales
will start off with rush,
Prospects are still bright for
good prices, all tobacco men say.
That is on good grades. Poor
grades have lot sold very we'll at
any time this season, and, there is
no prospect for trashy stuff get
ting any better. The demand for
classy weed is just as Bright as
ever, but low grade stuff is going
to drag lot, tobacco men who
know, say.
So far the Richmond markets
have sold almost two million
pounds of tobacco, according to
figures furnished by S. W. Nor
man, supervisor of sales. The
figures as shown by Mr.. Norman
are as follows: (
Madison Warehouse, sales of
SS9,O3O pounds for $5l5,731.32.
Home Warehouse sales, 992,63O
pounds for $o08, 8,282.9l.
A total of 1881 600 pounds sold
for total of ST, ,l24.014.23, or an
average of about $59.73 per hun
dred pounds, considered very
good.
Further advances which are
taking place in the prices of
Kentucky tobacco to growers,
make present values from III to
to not quite 800 per cent higher
than before the war, says the
Courier Journal. If maintained
this probably will mean that when
the present crop has been reduc-
ed to manufactured state con-
sumers will be asked to pay much
higher prices for cigarettes, plug
and smoking tobacco.
Average prices for number of
markets indicate that leaf in gen.
eral grown in this state is from IS
to more than 100 per cent.higher
than the opening last year, which
was considered banner one for
growers.
Comparison of official quota
tions of the Louisville Tobacco
Board of Trade for last week and
for the week ending April II, 1918
shows that all grades of Kentuc-
ky tobacco are selling on the local
market at an average of 3.o8
times what they were bringing in
that period before the war.
Producers are getting 3.S2
times as much for dark red hurley
500 times as much for bright
red hurley, 3.SS times as much for
colory hurley, and 2.77 times as
much for dark manufacturing to-
Ebacco.
New high record prices have
been established on practically
every one of the more than fifty
markets of the state. Prices have
reached as high as $l.53 for leaf
in Basket" quantity and large
number of crops have averaged
around 81 pound, with some few
ever higher.
For the second week of this
season Lexington, the biggest
loose leaf market in the world,
reported an advance OF 1873 per
cent as compared with the cores
ponding week last year.
Mt. Sterling reports that its
general average to date exceeds
$45, a gain of more than $2l over
the same period last year.
Farmers who formerly merely
rented their land from large plan
tation owners, now are purchas-
ing acreage from proceeds of this
years crop alone, and speculation
in tobacco lands is rampant.
One farmer is reported to have
received as much for forty acres
of tobacco on his 220-acre farm
cost in 1873, while another OBJ
tained 81 1000 more an acre for a
crop than he paid for the land on
which the leaf was raised.
Limousines are becoming COM
mon in the tobacco sections. To
bacco prices have created more
excitement among farmers of the
state than the famous night-rid-
ing exploits.
"Pinhooking" has become fa-
vorite sport on various markets.
This consists of making an offer
to a grower for his crop while it
is on the floor before the auction
sales have started, and reselling
at a profit. One speculator
bought a crop at 20 cents a pound
on the opening day of the season
= d. 4 ~