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With the possible exception of old Bourbon whiskey, the most important things in the lives of Kentuckians are the Derby in May and the tobacco auctions in December. Last year, because Kentucky's famed burley tobacco began to sell as low as $4.61 per 100 Ib. (about one-half 1930 levels), the growers at one of the auctions muttered curses, shouted threats, then took to pelting the manager of the "floor" (warehouse) with apples, broke up the auction in a general riot. Several other auctions had to be postponed. Last week Kentucky growers were jubilant. In addition...

Author: /time Magazine | Title: Business & Finance: Better Burley | 12/19/1932 | See Source »

...Kentucky burley is used for pipe tobacco and cigaret blending. Wall Street. eyeing the silent war between the big makers of 15? cigarets and the makers of 10? brands, felt sure that the 15-centers were boosting the price (TIME, Sept. 19); high tobacco prices would cut deeply into the slim profit margins on which the 10-centers work but would hardly be felt by the leading 15? companies. Kentuckians did not care much, for they will jingle in their pockets some $25,000,000 more than they did last year, will go to the Derby anyway...

Author: /time Magazine | Title: Business & Finance: Better Burley | 12/19/1932 | See Source »

...Babbitt, H. H. Babcock, F. H. 2nd, V. G. Balboni, M. L. N. C. Bodman, Randolph Jr., R. R. Borden, Jr., E. D. F. G. von Brecht, R. E. von R. S. Brookings, II, H. B. Burley, E. C. Carman, I. S. Chenoweth, Chung, Northrop Clarey, Jr., Crocker, A. B. Duel, Jr., B. K. Jr., J. S. England, C. R. Jr., W. A. Forbush...

Author: NO WRITER ATTRIBUTED | Title: News from the Houses | 5/5/1932 | See Source »

...confer with the Federal Farm Board on a tobacco pool. The farmers expected aid from the Board since its stated purpose has always been "to further co-operative marketing." Besides this, the Board's much-criticized chairman, James Clifton Stone, once organized southern tobacco growers into the Burley Tobacco Growers' Co-operative Assn., saw it become inactive, would know from experience what the Kentuckians were up against. After the demonstration in Owensboro, auctions were broken up in Henderson. Russellville, Franklin. Other imminent auctions were postponed...

Author: /time Magazine | Title: Business & Finance: Cigarets, Cigars | 12/14/1931 | See Source »

James H. O'Connell, 25, customers' man at Burley & Co., most certainly had heard all or most of these stories. When Louis Schnell, produce merchant, told him that he had $45,000 in the bank, also owned 600 shares of its stock, Customers' Man O'Connell is alleged to have told Customer Schnell that ugly things were being said of the bank, that he should sell his shares. No alarmist, Mr. Schnell hurried to the bank, told them what he had heard, produced Brother Moses Schnell as a witness. Thereupon the bank took a bold step...

Author: /time Magazine | Title: Business & Finance: Rumor Monger | 9/7/1931 | See Source »

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