94 



CIRCULAR 10 0, U. S. DEPARTMENT OF AGRICULTURE 



nearly all cases somewhat below the green prices plus redrying and 

 carrying charges. This matter will be referred to later. 



Table 39 and Figure 16 show the quantity and percentage of tobacco 

 (all pools) sold in the green state during the four years the associa- 

 tion was in operation. Sixty-eight and six-tenths per cent of the 

 tobacco of the 1922 crop delivered to the association was sold in the 

 green state. During the next year the proportion fell to 35.9 per 

 cent, while for the 1924 and 1925 crops the green sales were 19.7 

 per cent and 15.3 per cent, respectively, of the quantity delivered. It 

 would appear that practically all the sun-cured tobacco was sold as 

 green tobacco each year. This was due to the fact that the bulk 

 of this type of tobacco was purchased by only one company, which 

 apparently preferred to obtain its tobacco in this state. In most of 

 the other pools an increasingly larger percentage was redried 

 annually. 



Table 39. — Receipts and sales of green tobacco {all pools) 



Crop and pool 



Re- 

 ceipts 



Sales 

 of green 

 tobacco 



Per- 

 centage 

 sold 

 green 



Crop and pool 



Re- 

 ceipts 



Sales 

 of green 

 tobacco 



Per- 

 centage 



sold 

 green 



1922 

 Old belt 



1,000 



pounds 

 89, 925 

 23, 228 

 20, 032 



1,000 

 pounds 

 66, 398 

 12, 703 

 10, 388 



Per cent 

 73.84 

 54.69 

 51.86 



1924 

 Old belt 



1,000 

 pounds 

 58, 261 



9,446 

 13, 791 



1,000 



pounds 



12, 721 



447 



2,987 



Per cent 

 21.83 



Eastern Carolina 



Eastern Carolina 



4.73 



South Carolina. 



21.66 





All flue-cured 





All flue-cured 



Sun-cured . .. 



133, 185 



3,580 



26, 825 



89,489 

 2,031 

 20, 773 



67.19 

 56.73 

 77.44 



81, 498 



2,117 



20, 227 



16, 155 

 2,071 

 2,232 



19.82 

 97.83 



Dark-fired 





11.04 









All pools 



163, 590 



112,293 



68.64 



103, 842 



20, 458 



19.70 





/ 1925 

 Old belt 





1923 

 Old belt.. 



91,491 

 26, 945 

 34, 533 



31, 976 

 6.663 

 10, 863 



34.95 

 24.73 

 31.46 



34, 620 



6,965 



25, 570 



4,031 



742 



1, 484 



11.64 



Eastern Carolina 



Eastern Carolina 



10.65 



South Carolina.. 





5.80 





All flue-cured 





All flue-cured 



Sun-cured 



152, 969 



3,020 



24, 149 



49, 502 

 2,614 

 12, 551 



32.36 

 86.56 

 51.97 



67, 155 

 1.973 

 14, 506 



6,257 

 1,863 

 4,696 



9.32 

 94.42 



Dark-fired... 



Dark-fired. 



32.37 







All pools . 



180, 138 64. 667 



35.90 



83, 634 



12, 816 



15. 32 













After the association's tobacco had been redried at some desig- 

 nated redrying plant, it was consigned to various storage ware- 

 houses, licensed under the Federal warehouse act of 1916. A com- 

 plete record of the grade of tobacco in every hogshead was kept by 

 the leaf department. Efforts were made to sell this tobacco as 

 rapidly as possible, at prices previously determined by the sales 

 committee. The method used in determining the prices for the 

 different grades of redried tobacco was to add to the reserve price 

 of similar grades of green tobacco, the cost of redrying and the cost 

 of storing. Allowance had also to be made for the shrinkage in 

 weight which took place during the redrying process. This shrink- 

 age varies somewhat depending upon the percentage of moisture in 

 the green tobacco before it is redried, but it is usually regarded as 

 averaging 10 per cent of the weight of the tobacco in the green state. 



An attempt was made to sell the redried tobacco at prices varying 

 around the reserve prices. As time went on, however, it was found 



