The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1922-01-25
than they could reasonably expect to


open competition is far better than
the strongest Pool.
When it comes to common tobaccos |
though, the question is very different, |
because the manufacturers of COM
mon tobaccos will use any grade as |
long. as it is cheap; and the quantity |
IN sight OF common tobaccos is that |
large that / don't see the possibility |
OF any concern, whether it be a Pool, |
trust or corporation of any kind to
control it entirely.
Your people lose out of sight that
the bulk, of common tobaccos has to
be exported and they don't realize |
that, in that respect, they have to
compete with the common tobaccos
grown all over the world. NV cxper-
ience of the tobacco business is that |
| the Worlds trade will work the com
mon American tobacco if they are to |
be had the same price as the "home-
grown tobaccos" an dthose that they
can get from the different producing
centers. In other words, the export
trade IS not bound to buy the Ameri-
can tobaccos, but contrary to what is
| the case to the highly protected
American tobacco trade that forces
the American manufacturers to work
only American tobacco; the export
trade has at its disposal the tobacco
| produced in the whole world and it
| does and will always buy and work
the cheapest first. Besides the stocks
OF common tobaccos held in the u. S.
you have little or no idea Of the i'm
| mense stocks of common tobaccos still
held in the Philippines where the bulk
OF the last two crops is unsofd vet,
of the stocks of South America to-
baccos, paraguay, Rio Grande, Brazil,
the Domingo tobaccos, the Javas,
British India, South Africa, Algeria,
! Chinese and Oriental tobaccos, etc.,
not to forget the Home grown tobac-
cos of Germany, Austria, Italy,
Switzerland, Belgium, Holland,
France and even Spain.
All OF these tobaccos are on the
open European markets and even
worse; large quantities of these to-
baccos are still in the hands of the
banks who are eager to sell them at
any sacrifice.
1t is certainly very natural and very
respectable for your farmers to love
and look out for their interests. but
l fear that when it comes to Pool their
crops and impose their prices, they
are and will make mistake.
| Your farmers ought to be better
educated as to the quantities that the
world really needs. l mean what are
the quantities that the world legiti-
mately needs or demands
You have behind you two hummer
crops of about 1,5OO,0OO,O00 pounds
each these two crops were even too
large to fill the empty warehouses of
Europe4 for Notwithstanding the large
exports of 1919 and 1920 and the de-
creased exports of 1921 there is quite
a surplus left in the States and all
| ,nh~ An
say more than full. England has now
a stock of 376,OOO,00O pounds of raw
tobacco in it's bonded warehouses,
whereas in 1918 htere was only 49,
100000 left. This means that in two
years England has imported 26O,0OO,-
OOO pounds of tobacco in excess of
its consumption and it's actual stock
represents quantity large enough to
cover the whole consumption of Eng
land for three years.
The stock in other European coun-
tries are perhaps not so large, still,
| it is certain fact that ali of the
| bonded warehouses of Belgium, Hol-
land, Germany and other European
countries are full of tobacco and that,
at the same time, the crops of most
of the European and Oriental coun-
tries are large and are steadily in
creaSing.
If your farmers, or better said the
Pool knew this, and if they were wise
| enough to use for manure all of their
common stuff that sells after all be-
low the cost Of productions: and spoils
| the market of honest tobacco, they
would come to the natural result to
nave fair sized crop of only clean
good tobacco that would be sure to
find it's place at fair prices.
This years crop is again of some
1,00O, 100000, pounds. This quantity is
more than sufficient to cover the need
of the American factory, say about
6OO, 100000 pounds and leave good
surplus of some 40O,000,000 for export
which is more than sufficient also.
If this surplus is going to be com
mon stuff, then the Pool may and
| dare say will, find itself at the head
or an immense stock of common stuff
Tor winch there is no market any
| where.
If the big four go against the Pool,
and it seems to be their intention to
40 so-they are in finer position
than they ever were. They certainly
have on hand a stock of old tobacco
to last them easy two years, they will
always be able to get quite quantity
from the independent planter so that
they will be able to hold out for
quite length of time and leave the
bulk of the crop on the shoulders Of
| the Pool
The Maryland people had quite an
experience of it and if my informa-
| tion is correct, they have to sell now
| at some z to 8 cents, tobacco that they