Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1921-07-11
CLEAN UP $4,000
IN TOBACCO DEAL
Ceary and Buckley Sell Half Mil
lion Pounds Of Low Grade
To Factory At IL lac
Lexington LEADER

Uexingtpn LEADER
One OF the biggest tobacco
deals made in ,l,e 3urley district
of Kentucky, since the close Of
.c loose leaf market in May has
Just leen consurnmated by Geary
: ;;rckley. OF t1:is city. who an
rounced Saturday that they have
sold to the Tenahle Tobacco
Company. of North Carolina,
which has history and redryer
also at Mt. Ste,ling. Ky. 457 $40
pounds Of cor:non smoking to-
hacco at IL l.! cents a pound.
The tobacco was bought by
G:ary & Buckley during the
marketing season the past Win
ter and spring at various Central
Kentucky sales centers at an av-
crage of about 3 IA cents, SO it
will be seen that they will clean
up Approximately $4,000 on the
deal. Before delivery, all Of this
tobacco, which is scattered about
in various counties where it was
bought will te priced. after
which it is understood. that it]
will be transported to Lexington
where it will be stored at the
plant of the Superior Tobacco
Storage Company. on Angllana
avenue. where {. W. BONNER Is
general manager.
Since it has been definitely as
certained that the acreage OF
Burlev tobacco in kentucky. In
diana. Ohio and Tennessee isl
short this year from 40 to so pei
cent, according to well posted
tobacco men and that the hot
wave and severe drouth which
have gripped the Burley belt for
the last three weeks. just at the
time when the plants were get
ting good stand" have blight
cd to some extent the growing
weed in many sections and there
by further lessening the pros
poets for normal production.
dealers from the Eastern cities
and other sections OF the coun-l
trv are securing Kentucky en-
deavoring to purchase all OF last
wears tobacco that is available at
an advanced price. it became
known here Saturday.
This is one 1f the reasons. To-
cal dealers sav;stllatf prices or
common tobacco have percepti-'
klv stiffened OH both the Louis
vile and Cincinnati markets. as
can be verified by recent market
quotations Of nose leaf centcrs..
Dealers and spectators who
were farsightc'l enough to buy
the low grades of the weed last
season at from two to five cents
Il pound are now in a position to
realize handsomely on their in
,estmcnt. as is evidenced by the
sale BY Gcary & Buckley. it is
pointed our by those watching
the upward trend of the market.
a prominent tobacco man Sat.
urday stated that he believed that
the 1921 crop OF tobacco, which
is now in the ground, would bring
a much better price than last
year-in fact. greatly exceed the
expectations Of the growers as
a result OF the conditions referred
to. Farmers should now realize
he said, that the acreage of this
years tobacco crop has been very
materially reduced, which is
bound to cut tho production and
the severe spell of hot. dry wca-
ther that the growing plants
have passed thru during the peri
cd OF early growth will have its
effect in diminishing the output.
Coupled with these conditions, he
says, the Improvement of the for
tign trade situation will increase
leaf exports to foreign countries
and thereby increase the demand,
draw upon the stocks in hand
and enhance the value OF this
years crop. Instead OF discour-
agement, he says. he sees much
promise for the Burley grower
who raises anything like a nor
NAL crop this year, predicting the
price will be advanced over that
of last year when the marketing
season comes on again unless all
signs fail.