96 



CIRCULAR 10 0, U. S. DEPARTMENT OF AGRICULTURE 



and the association would have been spared the loss it subsequently 

 incurred by redrying and storing such large quantities of low-grade 

 tobacco. The association could possibly have done this by operating 



50 

 25 





 50 

 25 







MILLIONS 



25 



SUN-CURED POOL 



DARK-FIRED POOL 



w mzzm Wfm KH mm>. 



OLD-BELT POOL 



EASTERN CAROLINA POOL 



M=^ H~i 



— J : ■/. 1 



SOUTH CAROLINA POOL 



w &m 



Sa Receipts 



Figure 17.— Receipts of Tobacco and Stocks on hand at End of Financial 

 Year, by Pools, 1922-23 to 1925-26 



Despite the decrease in total receipts the stocks of tobacco on hand tended to increase. 

 This was true especially of the dark-fired and old-belt pools. 



several of its warehouses under the auction-floor system, provided the 

 tobacco buyers and leaf dealers would have supported such s 

 procedure. 



