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Boone, Watauga County, North Carolina
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Governor Ehringhaus urged Washington over the past weekend to expedite a tobacco sales proposal amid low prices on eastern North Carolina markets due to heavy sales of primings and damaged tobacco. The proposed plan involves domestic companies paying an average of at least 17 cents per pound for tobacco equivalent to last year's manufacturing volume, though primings may not meet the average while better grades exceed it. The governor's suggestion to reduce sales hours was not adopted, with counter proposals instead.
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Governor Ehringhaus over the past weekend was in touch with Washington, urging haste in getting the tobacco sales proposal worked out and in operation. Prices remain low on the eastern North Carolina markets, due to heavy marketing of primings and tobacco that damaged over the marketing holiday. The proposal now being worked on, but not finally adopted, is that of the domestic companies to pay an average of not less than 17 cents a pound for as much tobacco as they manufactured last year. If this average is made for the entire amount bought, it is entirely reasonable that these primings and damaged leaf will not bring the average, although the better grades are expected to exceed the average. The suggestion of Governor Ehringhaus to cut the hours of sales each day from seven to five hours, in order to limit the amount marketed and prevent a glutted market, apparently is not being followed, but counter proposals are made.
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Domestic News Details
Primary Location
Eastern North Carolina
Event Date
Over The Past Weekend
Key Persons
Outcome
prices remain low; proposal not finally adopted; suggestion to cut sales hours not followed, counter proposals made
Event Details
Governor Ehringhaus urged Washington to hasten tobacco sales proposal. Low prices due to heavy marketing of primings and damaged tobacco. Proposal: domestic companies pay average of not less than 17 cents a pound for tobacco volume manufactured last year. Primings and damaged leaf unlikely to meet average, better grades expected to exceed it.