The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1920-07-23
NOTE BOOK SKETCHES


Since both the presidential candi
dates are smokers, the tobacco indus
try can support either, as far as that
point is concerned.
Liggett's international, Ltd, Inc,
of Boston, which was recently ap-
proved by the Commission of Corpora
tions, has the largest capital stock of
any concern chartered in the state. 1t
is capitalized at 0.00O, 900. The in
corporators are Louis K. Liggett, John
NJ Staples Jr. and John G.. Price. The
company is authorized to handle drugs,
medicines, tobacco, chemicals, liquors,
do a general manufacturing and mer-
chandise business, handle live stock and
all kinds of farm products, real estate,
patents, securities and numerous other
things.
The records show that wool prices in
March, 1911, were averaging Is cents
pound for the grower and that in May,
1920, the average price was 63 cents,
showing an advance of approximately
$50 per cent; while cloth. sixteen ounces
clay-worsted, in March, 1919, sold at
ST. per yard and in March, 1920, the
price was S. 45, showing an apprecia-
tion in value in excess of 800 per cent.
At the present moment, while dealers
and manufacturers are talking in terms
of reduced prices, retailers and jobbers
say that no reduction in the price of
finished products is being made to them
and in certain sections prediction is
made that those holding discount sales
will be obliged to replenish their stocks
at prices higher than were paid for the
goods Sold Since May Goth there has
practically been no wool market in the
United States. This condition, so far
as we are able to judge. resulted from
number of factors. 1t is common
custom for representatives of eastern
houses to visit the range states in the
shearing season and buy wools, either
by private treaty or in pooled lots.
The wool growers, the banks and other
interests in those sections rely upon
the influx of money from sales@of wool
is.lthat season. This business was pro-
ceeding largely as usual until it came
to standstill May Goth.
#**
The Wisconsin farmers must be cred
tied with doing their utmost to over
come the world food shortage, states
Joseph A Becker of the Wisconsin Co
operative Crop Reporting Service. In
spite of the scarcity and high price Of
labor, machinery, ETC.. they have plant
ed approximately $4,000 acres more in
cultivated crops than last year. In the
five principal cultivated crops, corn,
potatoes, tobacco, cabbage and sugar
beats-a all requiring large amounts of
labor approximately 2,259,000 acres
were planted this spring compared to
2,179, 900 last year and five-year aver
age 1915-1919) of 2,158,OOO. Farmers
are hoping that weather conditions and
the supply of labor will be favorable so
that this large acreage may be cared
for and harvested.
The U. S. Tobacco Journal quotes
editorially from the address of Hon.
w. B. Colver, member of the Federal
Trade commission. The following items
out of this quotation hit the mark:
The oldest business in the world, the
greatest business in the world, the uni
versal business of the world, is the bus
mess of living.
1t is the theory of the law that who
ever has for sale anything which he has
produced on farm, in factory, in mine
or in mill, shall have free access to the
River of Commerce. Here it is COM
mitted to the care of the merchants,
the wholesaler, jobber and retailer,
whose function it is to take it to the
place where it is most needed.
Whoever by conspiracy, by monop-
oily, or unfair advantage founded on
privilege, obstructs free access to the
River of Commerce interferes with the
whole great scheme of things contrary
to the public interest contrary to the
rights of all of us who are pilgrims
through life.
Whoever on the River of Commerce,
whether his craft be great or small, so
navigates it as to impede or imperil
the craft of another or to obstruct and
disarrange the orderly navigation of
the stream is guilty of unfair practices
IN commerce contrary to the public in
terest and in violation of the rights of
all.
Owing to the hardness of the buying
movement of the 1919 in Miami valley,
Ohio, this year finds the valley farmers
33 per cent short of the normal acre
age. The 1919 is going now, but now
it is too late for the 1920 to get under
way. This is especially disappointing
- fhn - r