JANUARY 1948 
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DARl AIR-CURED TYPES 35-37 
Dark Air-Cured prices Above Last Season 
One Sucker (type 35) auction prices averaged 25. S cents per pound through 
January 30 compared with 23.1 cents for about the same period during the pre- . 
ceding season. Average prices declined from November to December but gained 
after the holidays. Before the holidays, around 45 percent of marketings was 
received for Government loans, A smaller proportion has gone into Government 
loans since the holidays. 
Green River (type 3&) auction prices averaged 25.5 cents per pound for 
season sales through January compared with 22.8 for a similar period last sea- 
son. Averase prices have been quite steady although sales for the first weeks 
of January were about 1/2 cent per pound higher than just before the holidays. 
About 45 percent of the season's marketings through January were delivered for 
Government loans. 
Virginia sun-cured (type 37") prices averaged 28.7 cents per pound through 
January 30 compared with 26.1 cents for the similar period last season. After 
the holidays, prices were about 3 cents higher than in mid-December. A small 
proportion was received for Government loans. 
The average loan rate for 1947 dark air-cured tobacco is 26.9 cents per 
pound. This is computed at 66 2/3 percent of the Burley rate and is one-fifth 
above the 1946 support level for these types. 
Dark Air-Cure d Supplies Largest Sinc e l-arly Thirties 
Total supplies of dark air-cured tobacco (types 35-3 r; ) for 1947-48 are 
nearly 11/+ million pounds compared to 109 million for 1946-47 2nd the 1934-38 
average of 98 million. Carry-over on October 1, the beginning of the 1947-48 
marketing year, was 73 million pounds, the highest since 1941 and nearly 13 mil- 
lion pounds more than a year earlier. The increase in stocks more than offset 
the decrease of about 8 million pounds in production. Disappearance of dark 
air-cured tobacco in the year ending September JO, 1947 3 was about 36.4 million 
pounds, 7.2 million pounds less than in the preceding 12 months. Most of the 
decline resulted from a drop of 5-1/2 million pounds (farm-sales weight) in 
exports, but domestic consumption also fell off 1.7 million pounds.. Domestic 
use of dark air-cured tobacco is largely in chewing. Consumption of chewing 
tobacco dropped about 11 percent from 1946 to 1947. Domestic use of dark air- 
cured is expected to continue at about the same rate in 1947-43 as in 1946-47. 
Before the war, exoorts made up about 30 percent of total disappearance but 
were only 20 percent of the total in 1946-47. Tn the first 3 month? of the 
1947-48 marketing year (October-December), exports were about 29 percent higher 
than the i:ame months of the previous year. All of this increase was due to 
larger shipments of Black fat, Dark African, and V. r ater Baler. 
