Word: burley
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...standard trading medium. There are countless grades "of cotton but the base contract is Middling ? in. Upland. All departures from the standard grade are adjusted between buyer & seller. Likewise the New York Tobacco Exchange, instead of dealing in Bright Flue-cured, Dark-fired Kentucky, Burley, One-sucker, Green River, Black Fat and their infinite variations, will trade in "U. S. Standard Flue-cured type 12 grade...
...Financier, Like most of the Southwest's first generation of indigenous tycoons, Jesse Jones's origins were humble. He was born 59 years ago on a farni in Robertson County. Tennessee. His father moved over into Kentucky where he heard there was money to be made in Burley tobacco. He died before he made much, leaving a farm to his three daughters, $2,000 each to his two sons. The sons applied their inheritance to paying off the mortgage on the sisters' farm, set off to shift for themselves. Aged 20, a brawny big youngster, Jesse found...
Three chief kinds of tobacco grown in the South are "bright (flu-cured)," "burley," and "dark fired." Over three months ago when "bright" tobacco started to market in North and South Carolina prices were down around 10? to 12? a lb. In August North Carolina's Ehringhaus proclaimed a holiday, stopped proceedings for three weeks to give Federal Farm restriction efforts time to finish plans for next year's "bright" crop, to give other Federal agents time to get U. S. cigaret companies to agree to a minimum price of 17? per pound. When the markets reopened prices...
Fortnight ago the "burley" markets opened. Prices again were down around 12? per lb., with poorer grades even lower. Disgruntled growers became angry. For four years during the 1920's they had a co-operative but it broke up when growers ceased to cooperate. During that time "nightriders" had killed some non-co-operators, destroyed the crops of others, smashed their windows. Kentucky growers threatened to start nightriding again. Governor Laffoon proclaimed a holiday. The Governors of Tennessee, Virginia, North Carolina followed suit in an effort to do for "burley" what a holiday had done for "bright...
...fighting extradition to North Carolina where a six-to-ten year sentence awaits him, Rogers Clark Caldwell was coming back fast. He signed contracts for the second biggest tobacco deal in history. Biggest was R. J. Reynolds (Camels) lump purchase of 60,000,000 lb. of burley from a growers' association several years ago. Last week Mr. Caldwell was not far behind. For approximately $3,750,000 he agreed to buy 40,000,000 lb. of dark-fired tobacco from two big cooperatives, giving him a practical corner on the dark-fired market.* As was often the case before...