ANALYSIS OF TOBACCO GROWERS' ASSOCIATION 



107 



Table 44. — Average price per hundred pounds obtained by the Tobacco Growers' 

 Cooperative Association prior to receivership 





1922 crop 



1923 crop 



1924 crop 1925 crop 



Pool 



a 



2 



6 





2© 



'© © 



a 

 S 

 o 



.2 



T3- 



© a, 



CUD f 3 



'© 5 



fe: > 



a 

 © 



o 



T3 

 .2 



© 



Weighted 

 average * 



Green 



© 



T3„ 



'S « 



Sun-cured 



Dark-fired 



Old belt ..-.-- 



Dolls. 

 10.96 

 16.87 

 24.31 

 19.10 

 15.06 



Dolls. 

 14.11 

 18.92 

 31.82 

 27.56 

 23.74 



12.33 

 17.29 

 26.25 

 22.89 



DoMs. 

 12.97 

 17.98 

 21.07 

 1946 



I 1 



Dolls. Dolls. Dolls. 

 11.91 12.83 14.26 

 20.3i: 18.61 15.32 

 20.78 20.88 26.59 

 23. 25 ! 21.33 32.51 



3.01 

 20.13 

 23.71 

 24.61 



Dolls. Dolls. 

 14.02 16.32 

 19.02 16.86 

 23.71 23.15 

 25.01 26.98 

 20.48 18.04 

 1 



Dolls. 



16." 78 

 22.45 

 21.60 

 20.68 



16.32 

 16.65 

 22.90 

 22.42 



South Carolina 



19.24! 19-46 



23.25 22.06 21.77 20. 11 



20.52 



















1 Based on the relative volumes of green and redried tobacco sold, green basis. 



Independent warehouse operators in the three States are required 

 by law to render monthly statements to their respective State depart- 

 ments of agriculture showing the number of pounds of tobacco sold 

 each month and the average price for which such tobacco was sold. 

 This information is then tabulated by areas, which are practically 

 equivalent to the areas of the various association pools, and is pub- 

 lished annually in the Yearbook of the United States Department of 

 Agriculture. Data regarding the gross average prices for tobacco 

 sold in the different areas under the auction-floor system of market- 

 ing during the years 1922 to 1925 are shown in Table 45. For the 

 purpose of comparison, the gross average sales prices obtained by 

 the association are also shown with the difference in prices of the 

 two systems. 



In three of the four years the association succeeded in obtaining 

 better prices for tobacco sold in the South Carolina pools than were 

 obtained for sales under the auction-floor system of marketing. For 

 tobacco in the eastern Carolina pools, the association's gross average 

 prices were in each instance lower than the average prices under the 

 auction-floor system. The same is true for the sun-cured tobacco 

 sold under the two systems. The association's average prices for 

 sales of tobacco in the old-belt pool, which pool was the most im- 

 portant on a basis of both quantity and quality, were below the auc- 

 tion-floor system averages for the first two years. During the last 

 two years the association old-belt prices were above the auction-floor 

 prices, but attention should be directed to the fact that in both of 

 these pools the association still had large quantities of comparatively 

 low-grade tobacco on hand on May 31, 1926. If this tobacco had been 

 sold it would probably have greatly reduced the average prices 

 obtained by the association during the years 1924 and 1925. 



