The Manning Times

TOBACCO CO-OPS
TO MAKE PAYMENT
Marketing Association Pays S. C. Members $650,000 Tuesday,
June 23.

Tobacco Farmers of South Carolina
and North Carolina border counties
who are members of the Tobacco Grow-
ers Co-operative Association will re
ceive more than $650,000 next Tuesday,
June 23, when their association puts
into effect its new system of quarterly
statements and payments, according to
this week's announcement of Richard
R. Patterson, general manager of the
association.

The tobacco association will make
final settlement with its members in
the South Carolina Belt on fourteen
grades of the tobacco delivered by them
last season. In addition to this, the
association will make a 25 per cent pay-
upon all grades of South Caro-
lina tobacco which have not been com-
pletely sold to date.

Every member of the association who
delivered tobacco to the cooperative
warehouses of the South Carolina Belt
last season will receive with his com-
plete cash settlement on all grades of
tobacco sold to date, a financial state-
ment as to the sales and holdings of
South Carolina tobacco by the associa
tion.

The distribution of three-fifths of a
million dollars by the tobacco associa-
tion is a full week ahead of schedule
time, for the new method of quarterly
payments and statements, as predicted
by General Manager Patterson in a re-
cent report to the members, has re-
lieved congestion in the offices of the
association's treasury department.

The grades upon which the associa-
tion is making final settlements at its
warehouses throughout the South Caro-
lina Belt next Tuesday are as follows:
B7, B8, B10, B11, B Scrap, D3, D4,
D10, D Scrap, E6, E7, F6 and F7.

Mr. F. S. Broadway of Alcolu,
sent us the first cotton bloom of the
season. Mr. J. H. DuBose of New Zion
tells us he has twenty acres that is in
full bloom.