ANALYSIS OF TOBACCO GROWERS ASSOCIATION 



93 



During the first two years 1922-23 and 1923-24 tobacco was sold 

 in the green state to any buyer who was prepared to pay the price 

 demanded by the association. During the last two years, the asso- 

 ciation adopted the policy of selling tobacco in the green state only 

 to the large manufacturing companies, or to leaf dealers who could 

 show that they were buying on order for some domestic manufactur- 

 ing company or foreign buyer. The reason advanced for the adop- 

 tion of this policy was that several leaf dealers, after purchasing 

 green tobacco from the association, subsequently resold such tobacco 

 on the open auction warehouse floors. 44 Whenever higher prices were 

 obtained for such resales, the figures were given wide publicity. There 

 was so much criticism of this practice that upon petition it was 

 decided to discontinue sales of green tobacco to leaf dealers. Atten- 

 tion should be drawn to the fact that this policy was in line with the 



25 25 



MILLIONS Of" POUNDS 

 25 50 75 25 25 



25 50 75 100 125 150 175 200 



1922 



S'JN-C 



FO 



URED 

 OL 



I 



DARK-FIRED 



POOL 



1 





i 



OLD BELT 

 POOL 





EASTERN 



CAROLINA 



POOL 



so 



CAR( 

 PC 



JTH 



)UKA 



OL 







i I 1 



TOTAL ALL POOLS 

 1 1 1 





T 



RECEIPTS 



J 

 1 



! 



i 

 1 



1 



1 



1 

 1 





:•:•:•] 



•::::-,::::::: 1 



1 



m 

 i 



i 

 m 



3 



! 



-J 

 i 



m 

 ■ 



m 

 i 



3 



■-.••...-:.:-:-:-:-:-:■;-:-: :::;-;-l 



SALES 



g<3 

 1 



S 

 I 





X&&XX&&I 



• '1 



^^^^^^ 





GREEN SALES 



mum 

 1 1 









1923 

 RECEIPTS 





SALES 



WWW/A 





Vtt$mmzmi<y/A 







GREEN SALES 



"T 













1924 





RECEIPTS 



::-:::::-:| 



■:-:•:->:-:-:-:-:-:•:-:•:• 



\ 



SALES 



W////A 



W8V///////A 



GREEN SALES 



1925 

 RECEIPTS 



■ 1 

 ¥777\ 











■1 





SALES 



355J 



1 



m^y///J/A 



GREEN SALES 



1 





I 





■ 









Sales of current year crop 



£22 Sa/es of past J 



Figure 16. 



-Association Receipts, Sales, and Sales of Green Tobacco 

 by Pools, 1922-1925 



From 68.6 per cent of the total association receipts of tobacco of the 1922 crop sold in 

 the green state the proportion of green sales to receipts fell to 35.9 per cent in 1923, 

 to 19.7 per cent in 1924, and to 15.3 per cent in 1925. 



plans of the association ultimately to deal directly with the large 

 manufacturing and exporting companies. 



This was an unfortunate decision on the part of the board, for 

 it served not only to prevent many sales and to delay payments to 

 members, but to aggravate an already intense opposition from leaf 

 dealers. Possibly this decision also made it somewhat easier for 

 those officers connected with the redrying of tobacco to justify the 

 larger quantities of tobacco that it was found necessary to redry. 

 Undoubtedly this policy proved advantageous to the large tobacco 

 companies, for the association was forced to store a larger percentage 

 of redried tobacco on which the prices realized eventually were in 



44 This complaint originated in the dark-fired belt and the dark-fired tobacco was the 

 first authorized to be redried before sold. 



