Government Inspection and Market 

 News Services 



Shortly before the sale, a Federal inspector 

 examines each lot of tobacco and grades it 

 according to official U.S. standards. He enters the 

 grade, date, and his initials on the sales ticket, 

 which becomes the certificate of grade for that lot 

 of tobacco. After the sale, data on grades and 

 prices are collected from these tickets to form the 

 basis for published market news reports. Current 

 price reports are available to growers on the ware- 

 house floors. 



Inspection and market news services author- 

 ized by the Tobacco Inspection Act are in effect 

 on all designated auction markets. The Act 

 provides for free and mandatory inspection on 

 auction markets designated by the Secretary of 

 Agriculture. A market becomes eligible for 

 designation on the basis of a referendum of 

 growers selling on the market. Government grad- 

 ing and market news services aid the farmer by 

 accurately describing his tobacco and enabling 

 him to determine whether his bid price is a fair 

 one. 



The Auction Sale 



The auction sales group is made up of (1) the 

 auctioneer, (2) the warehouseman or his repre- 

 sentative, who calls an opening bid, (3) a corps of 

 buyer representatives (usually 6 to 8), known as a 

 "set of buyers," and (4) the warehouse clerk who 

 follows and records the details of the sale such as 

 buyer's name and grademark and the price bid 

 onto the basket ticket. Usually, a number of 

 growers and interested spectators are observing 

 the sale. 



Zobacco Market flews 



UNITED STATES DEPARTMENT OF AGRICULTURE 



AGRICULTURAL MARKETING SERVICE TOBACCO DIVISION 



Kentucky Department of Agriculture, Cooperating 



333 Wilier Avenue, Lexington, KY 40504 Tel. 252-1678 



WEEKLY 

 Jan. 16, 1978 



Zobacco Market flews 



UNITED STATES DEPARTMENT OF AGRICULTURE 

 AGRICULTURAL MARKETING SERVICE TOBACCO DIVISION 



KY, NC, TN, VA4 HV Depts. of Agrl. , Cooperating 

 __ __3_33 Waller Ave. Lexington, Kentucky 40504 



Zobacco M^ket flews 



'WEEKLY 



Friday 



Dec. 9, 1977 



UNITED STATES DEPARTMENT OF AGRICULTURE 

 AGRICULTURAL MARKETING SERVICE TOBACCO DIVISION 



201 South 5th Avenue, Dillon, S. C. Telephone 774-5131 



S. C. and N. C. Departments of Agriculture, Cooperating 



WEEKLY 

 August 18, 1978 



Zobacco Market flews 



WEEKLY 

 January 23, 1978 



UNITED STATES DEPARTMENT OF AGRICULTURE 



AOMCULTURAL MARKETING SERVICE TOBACCO DIVISION 



1306 Annapolis Drive, Raleigh, NC Tel. 755-4550 

 Virginia Department of Agriculture and Commerce, Cooperating 



NO. 3 

 1977 COOP 



Zobacco Market flews 



WEE'.LY 

 FRIDAY 

 AUGUST 11. 197C 



UNITED STATES DEPARTMFNT OF AGRICULTURE 

 AGRICULTURAL MARKETING SERVICE TOBACCO DIVISION 

 1204 11. Patterson Street, Valdosta, Ca,, Tel. 247-3410 



'l.'.v.— i.n .mil IN >>.!.] I'.-mi-i onus o. A-.'icultuiv, i'oopcratin"; 



NO 4 

 197C CROP 



Zobacco Market flews 



WEEKLY 

 Jan. 23, 1978 



UNITED STATES DEPARTMENT OF AGRICULTURE 

 AGRICULTURAL MARKETING SERVICE TOBACCO DIVISION 



Kentucky Department of Agriculture, Cooperating 

 333 Waller Avenue, Lexington, KY 40504 Tel. 252-1678 



NO 6 

 1977 CROC 



A USD A price recorder collects price in- 

 formation during an auction sale. 



A Federal-State market news reporter 

 releases information on price, supply and 

 demand to news media. 



Market news reports are distributed m 

 many ways, including posting at auction 

 warehouse. 



15 



