The Hartford republican. (Hartford, Ky.) 18??-1926, 1919-05-09
TOBACCO CONDITIONS
OUTLOOK REVIEWED

Agriculture, N. >. u mas Docu mdhihb
an extensive study Of hte general con-
ditions affecting tobacco which we
give below, in part:
The condition of the closing mar
ket for tobacco 1888 after a season
of unprecedented high prices and
preceding season of unusual
promise of large crop Of tobacco
for 1890 has given rise to consid-
cradle inquiry among growers and
buyers alike, as to the probable situa-
ton in the new crop. A careful In
yestigation of domestic and foreign
markets conducted by the Depart
ment of Markets of the University Of
Kentucky has elected considerable
information on the subject which
should be of value to the tobacco in
dustry and this market news bulletin
is accordingly issued for that pur-
pose.
The sharp decline in the end of
the seasons market seems to have
been caused by several factors among
which were inability to further fl
nance a high price crop and the fact
that many buyers had purchased eth
err the entire amount required by
them or such an amount of tobacco as
the limit of their credit would stand.
Because of this several of the buyers
left the market and others attended
oil fashion a nd
price of loose leaf, therefore, declin-
ed rapidly to low point of stabili-
cation where It remained for the
balance of the season.
Domestic Conditions.
II appears that the handlers of
tobacco in the United States are very
well stocked with the weed and in
many cases over-stocked, carrying
large quantities on partial payment
for foreign order. Every storage
house in the Eastern part of the
United States capable of storing to-
bacco is filled to capacity. This con-
dition is aggravated by the fact that
trans-oceanic shipping available for
tobacco transportation has been ex-
ceedingly short and in many cases
almost entirely lacking. In spite of
the fact that millions of dollars worth
of tobacco are already sold to foreign
purchasers the markets are stagnant
in the face of inability to ship. This
does not say that there Is too much
tobacco in America for present de-
mands for the reverse is true but the
market Is stagnated on account of the
obstruction in commerce
Foreign Conditions.
Conditions in foreign countries are
such that some who have. lately re-
turned from Investigations in Europe
described that continents as a tobacco
vacuum due to the fact that there is
scarcely any tobacco to be had out
side the armies of occupation. The
present immediate needs of Europe
are approximately 5O0,0OO,00O lbs, of
American tobacco and this will only
supply the immediate needs of manu-
facturers and dealers and should soon
be followed by consignments of 400
100000 lbs, for the early current
needs of the ensuing year. The de-
mand in other parts of the world is
problematical but IL is well known
that there is world shortage of to-
bacco in consuming markets and all
ported tobacco from the United
States will doubtless increase these
importations with the coming of
peace and normal conditions.
Since July 1, 1917 the United
States has shipped to the world a to-
tai of some 365, 100000 lbs, of to-
bacco of which about one-half went
to the British Empire. The situation
in the Scandinavian Peninsular is
most acute in any country in Europe,
not one pound of tobacco having been
sent to that country from America
for several months. Previous to the
war the Scandinavian countries in
Guiding Denmark together with the
Balkans, West Russia and Spain
were supplied American tobacco in
whole or in part by repurchase from
Germany and ii is for that reason
that these countries are particularly
in want for tobacco of this kind, the
supplies going to Great Britain not
being sufficient to supply them. Con-
ditions in Russia are so peculiar ow-
ing to the injection of the Bolsheviki
between Northern and Southern Rus
STA that we find Northern Russia en-
deavoring to import tobacco from the
United States while Southern Russia
is cabling this country for market,
the two parts of the country not be-
ing able to communicate with each
other on a market basis.
Turkish tobacco has practically
liso pnaa rod from tho WorldiS markat