Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-05-05
TOBACCO ACREAGE
INCREASE 10 PER Cent
Falling OFF In Price Except High
Grade Burley, Expected
For 1920
CBy Associated Press)


Lexington, Ky, May 5-Acre-
lage of the United States to be de-
voted this year to tobacco raising
! probably will increase by about
10 per cent over 1919, says re-
view made public by the Depart
1neilt Of Markets, University of |
Kentucky
Kentucky will change the least
in acreage of any Of the great to-
bacco producing states" the re-
view recites, while indications
are that crop averages will be in
I'creased from 10 to IA per cent in
the Carolinas and Virginia and
about 500 per cent in Georgia, the
latter increase meaning that far
mers of Georgia are taking to to-
bacco raising as means of util-
izing areas attacked by the boil
weVil and now Unsuitable for cot
| ton"
/ Concerning the world tobacco
situation, the report which is bas-
ed on information from authOri-
tative domestic and foreign
sources, says foreign acreage
seems to have increased very lit
tie over 1919, but condition of the
crop is greatly improved and this
indicates there should be a con-
siderable increase in production.
Reciting that at this time, a
year ago, there were vast guam
titles held in the United States,
the bulletin declares that this
year about equal if not greater,
stocks are held in the county
England, Holland and Scandi-
navia find themselves with mar
kets still glutted with tobacco
shipped to them from the United
States from August to December,
1919, at which time the overplus
tobacco in the United States was
lifted and moved. across the At
lantic, either for cash or on credit
in order to free this country'S
markets for the coming selling
!. season. Therefore, the report
! says, European countries this
!year apparently will not demand
tobacco in as great quantities as
before"
Delving into the probable price
of tobacco for 1920, the report
i! saws with acreage now planned
and if a normal yield per acre is
produced, the price of all hurley,
except the highest type of cigar
i: cite leaf, should show a marked
falling off during the market sea-
son of 1920, and even the highest
I: quality leaf may suffer from COM
a.: 1petition with the Virginia type, if
! this is produced in anywhere near
{. the quantity indicated by the
I. acreage planned"
: Relative to the dark tobacco
/: situation, the survey says, "the
! present deplorable stagnant mar
i: ket for it is resultant of two fac
! tors-the present situation of
{: foreign exchange and the fact
;. that growers were either unwill-
= ing or unable to market their to-
bacco early in the season.
s. France, however" says the re-
port, us likely to become a heav-
y Ter buyer of American dark to-
bacco within the near future, pro-
a vided that English exchange rec
= Titles itself, because any improve
ment in English exchange is quite
& likely to be reflected in an i'm
s. provement in French exchange
rates. This statement does not
apply as strongly, if at all to
IS Italian exchange rates and hence
c, the stanton as to an Italian mar.
e. ket is not encouraging.
n 1T does not seem reasonable
ed therefore, to expect recovery IL
dark tobacco prices until those
: abnormal economic conditions art
= relieved" the review concluded.