The Parisian. (Paris, Tenn.) 1907-1962, 1920-02-13
GLOOMY OUTLOOK
FOR TOBACCO Is
KENNEDY OPINION
Says Difficult Condition With Which
To Contend In The Tobacco
Market.
BUYERS AND SELLERS
STILL ARE FAR APART
Good Demand For Better Grades,
But Foreign Situation Holding
Activities Down.
(By W. B. Kennedy.)


We have a difficult condition with
which to contend in the tobacco mar
ket. In the beginning prices were
established rather high for good and
fine tobacco. This is chiefly because
of the small percent of the better
stock in the present crop, but it has
established prices that have been
misleading, because all of the time
the common and low grades have
been relatively very much cheaper
than the better grades. A great
deal has been said through the news
papers about the high prices pre-
vailing and the looking forward to
still higher prices(a the season ad-
vanced, and farmers have had their
ideas rather high, basing them upon
the reports that they have been read
ing from various sources. This con-
dition has created prejudice among
farmers against selling their tobacco
through the loose floors or wagon
markets, and they have been meeting
over the country discussing condit-
ions and pledging themselves to hold
their tobacco to sell at the barn
door, but the real troubles are that
the difference in the idea of values
between the farmer and buyers are
too far apart. Unfortunately for the
farmers the buying interests have not
been anxious for stock and have held
off of the market The embargo a.
gainst shipments of tobacco to Eng
land has kept English exporters from
buying and the depressed foreign ex-
change conditions has added more to
the depressing conditions than any
thing else, and today tobacco has
less friends than week ago, and
what the final outcome will be re-
mains to be seen. The greater part
of the crop is of the common and
medium grades, but the good and
medium tobacco has friends plenty
at present, but how long they will
last We can't say. At any rate the
outlook for the tobacco market is
rather gloomy in this district as it is
in Others.
The loose floors of Paducah sold
100000 pounds during the past week
ana CHe wagon SdleS through Jne
chute were loads. The market for
good tobacco suitable for wrappers,
also long rehandling styles has re-
mained firm throughout the week, but
common, low and medium grades have
been gradually declining and are off
from ! to cents from last week
Prices for leaf range from Ia to 32
cents, and very small percent above
80 cents. The greater part of it sell
ling below 20 cents. | haven't the
average price for the weeks sales
but it was not exceeding II cents
around. The offerings have been
considerably below last weeks. The
cause of this being that prices were
unsatisfactory to farmers.
The sales at Mayfeld through the
chute amounted to possibly 800 loads
and at Murray IS loads. There was
quite falling off in the sales at Muir
ray and the sales at Mayfeld were
also somewhat below last weeks.
Prices on all the markets are on the
decline for the common and medium
grades, but prices for the better
grades of leaf are unchanged. Far
mers are generally displeased with
prices that tobacco is bringing but
reflections have been rather light for
the week.