The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1922-05-24

the questionnaire presented by the
Greenville Tobacco Board Of Trade.
In Mr.. Stones answer he advises
that so per cent of the hurley crop
pool has been sold. He also says
that the farmers were advanced about
35 per cent of what the tobacco will
sell for at the time they finish selling.
They claim to advance the farmer
between z LIZ to SC at the time the
tobacco was delivered, and according
to his statement the farmer will get
about % to 23c for his crop.
We are reliably informed the out
side tobacco sold at auction brought
$22.66 for 74,162,931 pounds. We
have understood that the various
speakers from Kentucky claim the
pool will pay the farmers from 5 to
than the tobaccos sold for on the loose
leaf floors. Mr.. Stone also makes a
statement that he is handling tobacco
for the pool for total cost of forty
and one mill per 100 pounds actual
operating expenses. This operating
expenses, includes all receiving plants
managements, including common lab
or, salaries of graders, and general
Office expense, including salaries, but
does not include the cost to the farm
er in payment for the real properties
which are being used for receiving
plants, which will be about 1c per
pound per year.
Judging from Mr.. Stones own
statement figuring the 120,000,000
pounds at 40c per 100 will give him an
income of $480,oOo;0O., Does Mr..
Stone mean to tell the business men
oIn,1 in, ctot IF
North Carolina that he has operated
these warehouses at this cost when
they claim they have bougt $7,000,-
100000 worth of warehouses in the
state Of Kentucky, which interest at
per cent would be $420,000.00, and
additional taxes and insurance which
| would certainly amount to as much
as $500 per 100 or $140,000.00. The
actual cost for handling tobacco as
per his statement at doc per 100, or
$480,000.00 plus Id the value of the
$7,000,00O.0O worth of warehouses
| would be $1,750,000.00 making atotal
expense to the farmer of $2,810,0 100000
which is to be paid out Of the proceeds
of hurley tobacco pooled by the To-
bacco Growers Association, or 10 to
l l per cent of the sale of the tobacco
at % to 23c per pound, the figures
that he expects to receive.
Granting they have pooled 12O,-
100000 pounds of tobacco and they
sci this tobacco at 23c average you
will see it takes about 10 per cent of
the cost of the tobacco to pay for the
use of the warehouses, salaries and
other expenses.
Following the present auction sys-
tenn the farmers pay 2 12 per cent
commission, 10c per 100 for weighing,
and auctioneer's fee Of not over 25c
per pile. At this rate for tobacco
averaging 25c on the warehouse floor
the farmer would pay from 1-2 to
3 Sd per cent for selling his tobacco,
thus saving from 6 to 6 1-2 per cent
and the interest on the money by sell
ing his tobacco at auction than by the
system used by the Burley association
of the tobacco growers. Do the farm
ers of Eastern North Carolina want
to change the present system to the
system now used by the Burley To-
bacco Growers Association, which ac-
cording to their own statement will
cost them from 2 1-2 to times as
much to sell their crop and wait for
an unlimited time before receiving
their money?
Mr.. Stone also tells us he only has
ABOUT ZO per cetn OF the common to-
bacco outside of the green's. We think
rM: Stone should be absolutely fair
with you and tell you exactly the
amount of green tobacco he has and
what he paid the Directors of the as
sociation to aircure this tobacco.
Mr.. Stone advises the farmers that
after they once place their tobacco in
the pool the tobacco entirely loses it's
identity and they are to accept the
grade these graders put on this to-
bacco and the price these statesmen
accept for this tobacco regardless of
whether or not they want to SELL The
proceeds of the sale after the entire
pool has been disposed Of will be paid
to the farmers, less the current expen-
ses, which according to his statement
will amount to more than 10 per cent |
of the actual price Of the tobacco.
Wilson Tobacco Board of Trade. |
THE RIJSTNESS or TOR rrn