Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1919-01-24
TOBACCO PRICES
CONTINUE TOSOAR

Hopkinsville, KY, Jan. 18.-Last
week was a wonderful one on the
Hopkinsville loose tobacco market
1t was literally record breaking
week, such as the market never
knew before. Tobacco sold repeat
eddy at prices hardly dreamed Of,
much less really expected, and from
day to day the tone of the market
has been steadily stronger, which
brought advancing prices. The de-
mand was increasingly greedy in
the face of the higher prices and
the buyers, instead Of being weak
ened in their activity only seemed to
be spurred to fresh activity. Never
has there been such spirited bidding
and everything offered, even to the
sweepings of the floors and the poor
est and greenest suckers, have found
a ready sale.
One record that was broken was
the high price for the season, fine
leaf selling for $35 per hundred
pounds. This was a boost of so
cents above any previous quotation
for the market. All of the leaf Of
the crop of Davis & Wicks, which
was sold on R. E. & W. D. Cooper's
floor, sold at this fancy figure, while
their average for the entire crop,
with seconds selling at $3.50 and
trash at $15.75, was $28.96. This is
another record on crop averages, the
highest heretofore having been
$27.61.
Another record which went into
the discard was the average on the
entire weeks sales. On sales of
1,236,575 pounds for the week, the
average price was $19.O7 per hun
dred pounds. This is a jump of
$1.81 above the average of week
before, which was a new record itself
and was considered remarkable. For
the same week of 1918 the average
was 1897.
In considering this average for the
week it should be remembered that
everything sold on the market fig
ures in it. If the average could be
confined to the better grades, or
even to what is classed as real to-
bacco, it would be several dollars
higher. But all the sweepings, tail
ends and suckers that are sold are
figured in and these ranging from
So to $40, and which are not even
included in the official market quo
tations bring the average down.
are 4,385,O20 pounds, on which the
For the season to date total sales
average price is 1864. For the
same time last season total sales
were 1,425,965 pounds, and the av-
erage was $3.50.
On all eight of the loose tobacco
floors prices have been equally as
firm, according to the grade of the
offerings. Crop averages ranging
from $22 to $28 per hundred have
been of frequent occurrence, some of
these being Mitchell & Tribble,
$3.50; Elvis Langley, $25.16; D.
D. Young, $24.79; Edward Knight,
$24.42; Sam Barefield, $23.26; J.
E. Stevenson, $22.81; Mrs. Emma
Berry, $22.54; H. c. Miller, $24.77.
These high averages were distribu-
ted among the various floors.
The quality of offerings is show
ing improvement, and this, of course,
is responsible for some of the record
prices. The condition of the offer
ings this week has been good, and
this, too, has given an incentive to
the buyers to bid high. But, with it
all, the general tendency of the mar
ket has been upward and prices have
been materially higher, as shown by
the resale of tobaccos offered sew
eral days ago on which the prices
were then unsatisfactory. Rejec-
tions now are at low ebb for the
prices on everything are so high that
the sellers are nearly always well
satisfied and let it go.
According to the grade, quota
lions for this week were:
Trash, $11.OO to $1,000.
Lugs, common, $13 to $14; me-
dunn, $14 to SIG; good, SIG to SIT;
fine, SIT to $18.
Leaf, low, SIT to $18; common,
$1S to $40; medium, $40 to $23;
good, $2S to $28; fine, $28 to $35.