Henderson daily dispatch., 1939-09-30

ADDRESSING VdIlCC OOLAiley tOONsN>>
farmers at a mass meeting here TINS
afternoon that jammed the collr'
house to capacity, E. Y. FLOYD, otate
director of the Agricultural ADJUST
ment Administration, predicted that
if control for 1910 is approved by
growers in next Thursdays referen-
dunn the season average will be four
teen to fifteen cents a pound.
Floyd also said that about eighty
percent of the 40 to so million dol
lars the Federal government Will
throw into the market to stabilize
prices will be paid North Carolina
growers. since flue-cured markets IN
other belts have already sold all or
most of their years crop.
The AA director explained that al
lOtments for 1910 will be no an acre
age basis instead of pOundage, and
that every grower will have the right
to sell all the tobacco grown on the
acreage apportioned to him. II he
exceeds his acreage, however, there
will be a penalty the amount OF
which has not yet been worked out.
Floyd further stated that govern
ment aid will assure continuance OF
the 1919 cents average paid by the
Imperial Tobacco Company for
grades it bought before withdraw
ING from the markets September 8,
and that growers can expect that
price for those grades. 1t was with
drawal of the Imperial, a British con-
Germ, because of war conditions that
precipitated the present crisis and
resulted in the market holiday that
began after Middle Belt markets had
operated only three days to sell off
offerings farmers had already
brought to warehouse floors for the
September II opening.
Control in 1910 is the only solution
in sight for the present situation,
Floyd told the farmers. Even with
control, it will require probably two
years for the present huge surpluses
to be worked off and for the supply
to be reduced to about the normal
demand of the trade
Last year the flue-cured crop
sold for slightly more than twenty
two cents a pound, Floyd stated, but
when the markets closed in mid
September the average h d
dropped to 149 cents, and there
was no telling where it would have
gone had the markets continued to
operate after the Imperial with
drew.
After his speech, Floyd answered
numerous questions asked by grow
ers, number of whom spoke brief
E tie laid acreage allOtmentS
would be announced as quickly as
they could be determined.
J. W. Sanders, county agent and
AAA director ior Vance county,
troduced Floyd.
Indications were that the gath
ering was overwhelmingly in ia
vor of control.
Although the series of meetings
being held over the county have
been Jointly sponsored by business
men of Henderson, very few of
them were present at the meeting
this afternoon.
Local Meetings Continue.
Meetings over the county are con-
tinuing. After being held on Thurs
day and Friday, they will be resumed
Monday, with a gathering at Aycock
school in the afternoon at $3.50 o'clock
followed by joint Vance-Franklin
county rally at the EPSON high
school in the evening at 7:3O o'clock.
On Tuesday a meeting will be held
at Middleburg school at $3.50 p. m.
and the last one in the list will be at
Nutbush Mt. Pleasant school Tues
day night at 7:30 o'clock
Those held on Friday were large
ly attended, according to reports. At
10 a. IN. gathering at Renn's Store
in Watkins township was attended
md addressed by W. B. Daniel, F. S.
Royster, G.. W. Knott and Fred NJ
Allen. In the afternoon a meeting
at Dabney was addressed by r. f..
Clements and w. j. Aston. At night
group of business men went TO the
Zeb Vance school meeting, in charge
of F. S. Royster and Wilson L. Smith.
At all of the gatherings cfforts
have been made TO explain the true