The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-01-11


year of the kind of tobacco raised in
Ohio, and that the prices so far men,
toned by local buyers are not based
on market conditions, a reader at Ell
dorado, O., writes, enclosing clippings
from THE Tobacco Leaf"
His letter follows:
1--WE note in the Jan. issue Of the
Palladium the article about the local
tobacco market. There are reasons to
believe that we have something bet
ter to look for.
at is notable fact that our filters
bring comparatively the same as the
Lancaster, Pa, filler crop and the
market there is % to 81 cents per
pound for wrapper grade of filler and
five to six cents for lower filler grade,
which would mean an average of
from 10 to q cents per pound for
both grades combined as we sell here
in Ohio.
Market Not Active
There has been no active buying
as yet; a crop or two sold or con-
tracted for in the field at II cents by
a Lewisburg firm.
81 trust you will give this matter
some attention, as many readers of
your paper do not take other papers
in which the tobacco question is dis
cussed and may thus be misled by an
article proclaiming an overstocked
market, such as they have in the Bur
ley district, and thus accept some
price below the cost of production for
their crop. Very respectfully,
"A TOBACCO GROWER
The following extracts are from
T1I, re n14 1000.
/ Editor Tobacco Leaf:
Since election I have been flooded
with letters inquiring about the pros
poets of cheaper Ohio tobaccos. With
only few small packings of 1918 and
1919 thinner and Gebhardt to be had
here, the packers seem perfectly will
ling to take their chances
The 1918 thinner and Dutch are
gone.
20 Cents is Minimum,
The farmers know this condition,
but above all, they know that they can
not make any money on the 1920 crop
if sold at Is cents. The result is that
they are holding firm at 20 cents, al
though little Dutch has been sold at
Is cents to 16 cents. However, this
was not of the best, but was taken in
the hope that if the ball was started
it would keep rolling and lead into
the better crops.
With the short acreage in 1920 the
supply of thinner and Dutch will be
limited. while that of Gebhardt will
not be up to the average
C. H. Solliday.
LANCASTER, Pa, Dec. 30-At the
tobacco auction here the highest price
offered was twenty-seven cents, the
average being around twenty-five
cents for wrappers and five to six
cents for filters, and the value an
nounced as sold was said to have
brought s7s.30O.
The strength of the position of the
holders of domestic filler tobaccos lies
in the fact that, at the beginning of
the new year, the stocks of this type
of leaf have been reduced to very
negligible proportions. Cigar manu-
facturers may therefore rest easy in
! the knowledge that none of their com
petitors are in any position to reduce
the price Of cigars by purchase of any
cheaper filler stocks during the coming
year. The new filler crops have been
left practically intact in the hands OF
tthe growers, and leaf merchants are
firm in their belief that both the Ohio
and Pennsylvania crops will be event
ually purchased at much lower prices
than last year. a circumstance which
will eventually enable the manufacture
ers to bring about the much desired
reduction in cigar prices. But these
, crops will not be fit for use before the
very end of 1921, at the earliest. Con-
se1uently the leaf trade, as well as
the cigar manufacturing industry,
finds itself in the very happy position
of having no surplus of high priced
tobacco to worry over. This situation
ought to enable the entire cigar trade
| tn get into the lower priced filler to-
baccos at approximately the same
time.
AS the packers want tobacco. few of
them having much in their ware
! houses, it is natural that they should
| hope the crop will turn out we'll.
There is no apparent change in the
| local cigar industry The demand for
holiday goods kept factories going that
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