JANUARY- 19^8 
- 10' - 
The Georgia-Florida flue-cured (ty-->e lU) sales hit a record volume and the 
quality of the tohacco was generrlly high. The South Carolina and Border North 
Carolina crop (type 13) was smaller and the quality inferior to last year. The 
volume of sales in the Eastern North Carolina (tyoe 1?) markets exceeded last 
year slightly and quality was about the same. Middle Belt flue-cured (t ( pe lib) 
sales were "below tho?e of I9*fo ar.d had a larger percentage of lower grades. 
Old Belt flue-cured (type 11a) sales volume was Ground one-fifth less than last 
season. 
The price succor t program -played a major role in the marketing of the 19^7 
fluc-cured crop. The flue-cured Stabilization Corporation received approximately 
?33 million rounds against government loans. This was much mere than during the 
19^6" crop marketing season when receipts were small until near the end of the 
season. The impending decline in export demand became apparent after th Q crop 
was well advanced. Smaller takings for export wr s to a considerable extent 
responsible for large quantities being placed under government loan?. 
Cash receipts from the 19^7 flue-cured crop are estimated at arcund 
535 million dollars, about IS percent below the 19^6 figure of 653 million dollars . 
Larger Sup pl ier- of Flue -Cur ed 
Supplies of flue-cured tobacco are the highest of record. Production in 
19^7 was second only to the 19^+b record while stocks at the beginning of the 
19^7-^S marketing year were 1? percent above thoc-e of the prec^din^ year. The 
total supply for the 19^7-^? marketing year is million pounds, 119 mil- 
lion pounds larger than IQ^-'-Uy and the largest of record. 
Total disappearance from July 19^+0 to June 19^7 was high because domestic 
consumption war large and exports were" a record. Luring the first half of the 
marketing year, domestic consumption continued high because cigarette 
production and consumption were at peak levels. This high level is expected to 
continue during 19^+2. Exoorts of flue-cured in July-December 19^7 were P?l 
million oouhds (farm-sales weight), or 7 ,0 percent below the same period in 
Total exports for 19^7-Ug will be substantially below the 19^6-^7 level of 
551 million pounds (farm-sales weight). 
Total disappearance of flue-cured in 19^-7-^8 probably will range from 
1,050 to 1,100 million pounds compared with 1,21 3 during the 19^-*- : 7 market- 
ing year. Thir would leave from l t 5?0 to 1,570 million pounds in stock next 
July 1 compared with 1,287 on July 1, IQH7. The record carry-over is. 1,593 mil- 
lion pounds in July 19- l l» 
