Prices of the various grades are fixed and sales 
take place at the day’s price. 
The principal tobacco markets are: 
For Kentucky and Tennessee—At Louis- 
ville, Clarksville and Cincinnati. 
For Maryland and Ohio—At Baltimore. 
For North Carolina—At Durham and Wins- 
ton. 
For Virginia—At Richmond. 
The warehouse system has the great ad- 
vantage that the proceedings are open and the | 
prices are recorded and ‘published. Hence 
growers can know how the market fluctuates 
and judge the best time for sale. This is not 
the case when the sale is private between the 
buyer and seller as is customary in the eastern 
and northern states. Here the price actually 
received by the grower is often different from 
that given out as paid. 
The price of tobacco leaf has had many 
vicissitudes during the past 25 years, the price 
often having reached so low a point as to dis- 
courage producers. Thus at Winston, N. C., 
the price has gradually fallen from 12.8¢ per 
Ib. in 1889 to 6.8c in 1896. In the same period 
Burley leaf at Louisville and Cincinnati fell 
from 10c to 714c. Prices similarly dropped 
in other centers. The price of cigar leaf has 
latterly increased. In 1900 prices ran from 
71 
