Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1959-07-29


warehouse firms operating this
year IS In 1858, the Tabor City
tobacco market and others
throughout the Border Belt, open
sales Of nue-cured tobacco to-
morrow morning, July 80, with
complete buying power.
Setting the price pace in the
Border Belt for seven of the last
eight years and constantly in
the poundage and aver
age price. Tabor City has defin-
itely been established as the lead
ing one buyer market in North
and South Carolina.
Every indication points to an
other good local tobacco crop
with growers generally believed
to have excellent quality and fair
yield. These factors along with
experienced warehouse personnel
and top-notch buying representa-
tives, Is expected to again place
the Tabor City market at the top
Of the price ladder in 1859.
With high level price supports
In effect again this season, farm
ers are assured of high prices in
1889. Prices are expected to top
the all time high of last year
again as tobacco over the past
decade has joined most very 9TH
er commodity in the initiation
spiral.
Operating three warehouses
again this year will be the X. {.
Coleman Company. This firm
that operates here and on other
belts. is composed of r. c. Cole
man. Sr, Mrs. Harriet Skies.
r. c Coleman, Jr.. Joe Coleman
and o. L. Coleman This firm will
operate New Farmer, Carolina
and Garrells Warehouse.
The Planters Warehouse here
will again be under the manage
mcnt of Don Watson. Cliff Stcph-
ems and Donald Watson. Jr. Wat
son, of the Green Sea section.
and Stephens. of Clarendon
were operators of this warehouse
in 1858.
Contrary to the situation in
other towns. all tobacco ware
houses in Tabor City are opcrat-
cd by local people. All ware
hOuScmcn on the Tabor City mar
ket are also farmers and are
wcll-known throughout Horny
Columbus and Brunswick Coun-
ties.
Representatives of the various
warehouse firms here have been
busy contracting tobacco growers
and soliciting their business over
a wide area during the past few
weeks and they arc optimistic
over the possible volume that
will be sold here this season.
The market on the 1859 Crop
of FluC-curCd tobacco opened
steady to higher last Thursday
in the Georgia Florida belt than
on first sales last year. Average
prices for Tugs and primings
were up generally S1.OO TO $500
per hundred pounds. 4 small
amount of nondCSCript gained
$500 to Sll.00. Prices on leaf and
cutters held mostly unchanged.
The bulk of sales ranged from
$4,000 To S65.OO Warehouses paid
high of $4,000 for some indivi-
dual baskets of top quality of
ferings. However companies went
TO $4,000 on the markets sampled.
Some substandard nondcscrip;
brought only $500.
Grades offered in heaviest
volume exceeded their respective
loan allowances by 81. to $40. 90.
The largest spread over the adj
vanCcs fell in priminGs and non
dCSCript II was estimated that
the take today by markets of the
Sterilization Corporation was
from few baskets at some
points to 800 at others. Receipts
under Government loan opening
day last year were 2 percent OF
sales.
Several representative markets
in the belt reported estimated
general averages from $500 "a
s62 90 per hundred. Gross sales
the first day Of the 1858 sclline
season we're 10.148.039 pound,
for an average of $50. 40.
There was a larger proportion
Of fair quality tobacco on sale
compared with last years open
ing. The shift came principally
from good quality although tho
ratio of nondescript was also
smaller. Better than 500 of the
offerings graded lemon colol
with the other part mostly on the
orange side. Primings and lug;
predominated with low and fair
qualities outstanding