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The Farmville Herald And Farmer Leader
Farmville, Prince Edward County, Virginia
What is this article about?
The 1953 Old Belt tobacco marketing season neared its end with slackened deliveries last week, totaling 20,552,903 pounds sold at an average of $33.74 per hundred, down from previous low. Season total: 231,886,447 pounds at $43 average. Turnover to Flue-cured Stabilization Corporation was 59% of gross sales, season deliveries 35%. Various auction markets closed in mid-December, with some reopening briefly in January.
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Deliveries slackened last week as the 1953 Old Belt marketing season drew near to an end. Gross sales totaled 20,552,903 pounds for an average of $33.74 per hundred. The average was $1.39 under the previous low of last week. Sales for the season were placed at 231,886,447 pounds averaging $43.
A small increase in the percentage of nondescript lowered the general quality. Principal offerings remained poor to fair leaf and nondescript.
The turnover to the Flue-cured Stabilization Corporation under the Government loan program was around 59 per cent of gross sales. Season deliveries were approximately 35 per cent of sales.
Brookneal, Chase City and Lawrenceville closed December 11. Petersburg and Martinsville, will close Dec. 16. Clarksville will close Dec. 18. Danville and South Boston will close for the Christmas holidays but will re-open January 11. and run through January 15.
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Where did it happen?
Domestic News Details
Primary Location
Old Belt
Event Date
1953 Season, December 1953
Outcome
gross sales last week: 20,552,903 pounds at $33.74 per hundred; season total: 231,886,447 pounds at $43 average; 59% turnover to flue-cured stabilization corporation; various markets closing mid-december, some reopening january 11-15
Event Details
Deliveries slackened as 1953 Old Belt marketing season ended. Average price dropped to $33.74 per hundred, $1.39 below previous low. Quality lowered by more nondescript tobacco. Principal offerings: poor to fair leaf and nondescript. Season deliveries 35% of sales. Auction markets in Brookneal, Chase City, Lawrenceville closed Dec. 11; Petersburg, Martinsville Dec. 16; Clarksville Dec. 18; Danville, South Boston for Christmas, reopen Jan. 11-15.