1941 Fbe Cored Crop Estimated At
' ? ? ?? ?? _
40 Million Pounds Less Than 1940
Supply on Hand'&atost 5, Es
' tinted nt X3W Mfflion
The 1941 - 1942 marketing: season
for flue-cured tobacco opened on
August 5 with a supply of more than
2,300 million poondn the largest on
record. "Crop conditions on July 1st
indicated a 1941 fine-cured crop of
716 million pounds. Acreage planted
- was lees than tike allotted acreage
for tikis type but yields continue
to be high. The indicated crop is
about forty million pounds less than
tbe 1940 crqp, but this decrease in
current production is more than off
set by the estimated increase of
about 183 million pounds in the cur
rent carry-over- '
Exports of flue-cured for the U
months ended May 31, 1941 totaled
122.3 million pounds, a decline of 49
percent from exports during the.
same period in 1939-40. Exports to
the United Kingdom mder the pro
visions of the Lend-Lease Act began
in April. The shipments are being
made from Commodity Credit Cor
poration purchases and loan collat
eral of the 1939 crop of tobacco, and
are expected to continue, possibly at
on increasing rate, for some time.
Export figures by countries are no
longer being released. The Commod
ity Credit Corporation will engage
in the dealer loan and purchase pro
gram for flue-cured tobacco.
The total supply of Buriey is ex
pected to be about the same this year
as last The 1941 Buriey crop is in
dicated at about 325.4 million pounds.
Plantings are well within the mar
keting quota for this type. The Mary-1
land crop is expected to \otal about
33 million pounds, 1 million larger
-?Sm ftfi * ??* a- 1 - ? flit - lA iA
than that oi iasx year, me j.j*v
Maryland crop, now being marketed,
is selling for the highest prices on
record. Production of both fire-cur
ed and dark air-cured tobaccos is
down sharply since last year, largely
because of smaller acreage under
the marketing quotas approved last
fall. The 1941 fire-cured crop is in
dicated at 71.0 million pounds, 31
percent less than last year's crop.
Production of dark air-curcd types
in 1941 is expected to be 31.1 million
pounds, 26 percent less than the pro
duction last year.
Domestic consumption is marked
by continued large increases in with
drawals of small cigarettes. All ma
jor products showed increases in con
sumption, with the exception of a
small decline in plug chewing tobac
co. The outlook continues to be
favorable for the coming year. With
the exception of the beginning of
Lend-Lease shipments to the United
Kingdom, there is no major change
in the unfavorable export outlook.
i-iue-cured ^appiy mi
The total supply of flue-cured to
bacco will be about 145 million
pounds, larger than that of last year.
The expected drop in production will
probaly be more than offset by an
increase in stocks. It should be ob
served,, however, that of the July 1
stocks this year, approximately 200
million pounds represent additions to
Commodity Credit Corporation stocks
made during the past year. Never
theless, domestic stocks remain at a
very high level, largely as a result
of the record 1939 crop.
The smaller disappearance this
year than last was due entirely to
smaller exports. With increasing
domestic consumption and continu
ance of restricted production, the
domestic stocks situation is slightly
better tikis year from a long-run point
of view. At the present time, how
ever, domestic manufacturers axe
evidently holding abnormally large
stocks. They are probably holding a
larger volume of usable, aged stocks
as compared with domestic consump
? -> tkm than at any1 time since July 1,
1933.
Cigarette Withdrawals Again
For the 12 months ended June 30,!
1941 tax-paid withdrawals of cigar
ettes, generally considered the best
ffidlCAfcOir of fflf ffitffwj
OA percent over the year before.
This compares with a &8 percent in
crease in 1939-10 over 1933-39. Pre*
Xdnt indications are for further in
- creases in cigarette withdrawals,
Itoufecturea of tobacco,!
t. pavPa. I
k? of type are wad in plug 1
poration stocks, ^fefch were original
ly graded and packed espfc*ally for
British use. As of July 15, 1941 th*
Corporation held in purchases or loan ]
collateral 149.2 million pounds of the
1939 erojp and 199.6 million pounds of
the 1940 crop. Tobacco now being
shipped is from the 1939 crop, which
has been aging for a year and a half.
Unofficial reports from the llnited
Kingdm indicate that supplies of to^
bacco products are quite short rela
tive to an increased demand, particu
larly for cigarettes.. Popular British
cigarette brands in. the United King
dom at about twice the price level of
leading brands sold in the United
States, and in spite of radically high
er taxes, consumer demand has in
creased. Stocks of United States
leaf in the United Kingdom are be
lieved to be below a year's require
ments. Since imports of Empire
grown tobacco were continued during
the last 2 years, if is probably that
an abnormally large proportion of the
existing United Kingdom supply is
Empire leaf.
Exports, to the Flar East, particu
larly to v China, continued to decrease
because of increased production of
flue-cored in these countries, short'
age of shipping space ,and increas
ing Japanese control of markets. If
present trends continue, exports to
the Far East will decline further in
the next few months.
SinccQtpril 1, 1941 no export data
by countries have been released.
This regulation applies to all com
modities, and has been promulgated
i \ the interest of national defense.
A
By HUGO S. SIMS
(Washington Correspondent)
HOUSE VOTE CLOSE
ON SERVICE EXTENSION
FJXR. FACED DEFEAT
The entire foreign policy of the
President barely escaped disastrous
complications whin the House pass
ed the bill extending Army services
by the narrowest possible margin.
The legislation,, already approved
by the Senate, 46 to SO, extended the
twelve months' term of selectees and
National Guardsmen by eighteen ad
ditional months. In" the House, 118
Democrats and 21 Republicans sup
ported the measure recommended by
the Chief-of-Staff of the Army and
65 Democrats, 138 Republicans and
4 minor party members voted against
the legislation. -
?
The foreign policy of the Adminis
tration is based upon the funda
mental presumption that the Western
Hemisphere, if not actually imperil
ed, is so acutely threatened by possi
ble developments abroad, that the
United States must prepare itself for
active defense against probable ag
gression. -
General George C. Marshal,
Chief-of-Staff of the Army, had ask
ed Congress for a lengthening of the
term of service, maintaining that the
new^army of 1,531,000 would be dis
rupted by the discharge of drafted
men and that a "national disaster"
might ensue. ^His request was back
ed by President Roosevelt, who sent
a special message to-Congress.
? .
There were two chief-arguments
used against the proposal: (1) The
assertion that the country is not-in
such grave danger ahd that the Ad
ministration paints too ^black a pic
ture of our future prospects; and (2)
that the men in service expected to
serve only one year and that to ex
tend their time would be to break a
contract" with them. V
r
The close vote in the House, while
expected to soma extent, was viewed
as avwarmng to the President that
the people of this country do not yrt
representatives that the natic^^
/&nnA ?? I . i ? i ? ? i ,, , . M_
zoom reqmrea ezteonon ox ietvietp
attributed to: ?<1) the desire
Iha jit Rlfflftift'" /0\
* yvi'Lflhlft fttyom 4 1 H
m -aaiM_J-L iwl ^ ? *??1|- V *
| ? ?? ? ?n
" - * . ?"*" . -
? ?_ 1 M\ I T ? || ??. ? ? 1 M 1
? 1 J ? . 1
jrhich has been underway for more
than a year. Since the fall of Prance
certain Preach elements have advo- |
cated full-fledged collaboration with
Hitler in the hoptf of salvaging a
sphere of influence for prance.
$ it
fc i
Germany has continued to exert
pressure on the Vichy Government I
in order to secure concessions of
military value in connection with
this war against Great Britain! |
The United States, represented at <
Vichy hy Admiral Leahy, has applied
full diplomatic pressure to prevent ,
a French pltm^b into adolph Hit
ler's "New Order" in Burope. & '?'? 1
Now that the Vjchy Government
has proclaimed its intention of . co
operating with Germany, it is obvi
ous, that future developments may !
transform the cooperation' into the
abject subservience of a conquered !
state. This, it seems, is likely and i
carries the possibility that Germany "1
will eventually acquire complete con- !
trol of the entire French colonial
empire.
CRISIS IN FAR EAST
SHOOTING MAY BEGIN
JAPAN CALLS U. S. HAND
The situation in the Far East has |
about reached the stage where the .
United States should gft ready for
"business" on a large scale, or else j
candidly admit defeat by the Japa- .
nese, withdraw entirely from the Far "
East and abandon the diplomatic (
positions which have been taken since
1931.
? -s
When Japan seized .Manchukuo, the
United States announced that it
would not recognize the altered status
of the regions seized by force. Hav
ing gotten by with that grab, the
Japanese have steadily and persist
ently carried out a program of ag
gression against the territory of
neighboring countries. V
??
The United States has diplomati
cally denounced every aggressive
step, including the encroachment of
the Japanese upon our commercial
rights, which have been disregarded
with complete immunity.
r ? ,
Our attitude has been well known
to the Tokyo statesmen, as they
planned the use of force to secure
control of the Far East, regardless
of international law, treaties and the
natural rights of other nations.
:
Having pursued such a policy :
with considerable, success for more i
than ten yean, it is obvious that
Japan is inclined to continue her ad
vances in the Pacific. Past experi
ences convinces the Tokyo Govern
ment that the United States will do
little more than make a diplomatic
protest and reserve its rights. If
this is all, Tokyo will be grateful
.
Even economic restrictions will
be accepted by the Japanese, who are
confident that they can overcome
such disadvantages and perhaps re
verse them against the United States
by acquiring control of vital raw
materials in the South Pacific. Dip
lomatic displeasure and economic re
strictions are expected by Japan and
her policy has been planned with
these in mind. : . ?:
Secretary of State Cordell Hull,
who recently returned to Washing-,
tqnr after a period of recuperation,
insists that our difficulties with Ja
pan will be settled only on a basis
of the Fourteen Points He enunciated
in July, 1937. These require Japan
to adjure "the use of force" as a
national policy and to submit prob
lems .to "peaceful negotiation and
argument", under international law.
The fourteen Points laid the basis
for Japanese-American negotiations,
providing for "equality" of commer
cial rights to -the Far East, whfch
would compel Japan to re-open the
doors in China. The Japanese have
shown no desire whatever to deal
with the United States upon the basis
of the pre-war system that rested, in
theory, upon | the observance pt of
' '? . - -.VX/v V* ' "^Jl
The situation in the Far East, as
Japan comes under complete mobiii-1
zatipn, is such that hostfflties mayn
* iiaUJiv ouiicimci JV9 Mjpaylitnviv II
'
Japanese action indicates that the
rokyo statesmen have a suspicion
hat if Japan applies proper pressure,
he United States will shut up. If
rokyo is mistaken, and we'think it
s, the shooting is apt to begin in the
for East without further notice.' ,
PENNALTY
The U. S. Department of Agricul
;ure has announced that the penalty
rate of 1941 cotton marketed m ex
ess of the farm marketing quota
rill be seven cents a pound.
LUMBER
Consumption of lumber in the first
lix months of 1941 is estimated 8t
.5,736,000,000 feet, or 18 percent
ibove the amount used in the first
iaIf-of 1940.
*1 . . ' ' ' : 1
m
Cashier of The Bank of Farmville
The Bank of Farmvilfc t '
Holds. Foremost Position
"
An institution holding a foremost
position in the community, is the
Bank of Farmville, established 37
years ago. Its ideals of 'offering
this community the finest 'service
possible has been its white banner,
giving to the leadership sufficient
courage and high hopes with which
to press forward. This institution
has assets of more than a million
dollars and is rated aa being one
of the outstanding financial insti
tutions in the State.
B. L. Davis was president for 32
years. He- was succeeded by A. C.
Honk, a former member of the
tioard of directors, and president of
the A. G. Monk Tobacco Co. J. L
Morgan is vice-president; L. E. Wal
ston, cashier; J. M. Stansill and C.
C. Simpson, assistant cashiers; C. A.
Lilly, teller; Chariee Rasberry, Miss
Geraldine Gardner and Miss Evelyn
Gay, bookkeepers and stenographer.;
Every day during the tobacco
season the lobby of the Bank of
Farmville is as crowded as the
warehouse floors, and the Bank pays
out thousands of dollars bo growers
during the sales.
? ?? ON GUARD < ?
EVERY AMERICAN STANDS READY TO
DEFEND HOME, FAMILY, HOMELAND
THE BEST DEFENSE
AGAINST INSECURITY AND EMERGENCY
SAVINGS
: FIND YOUR SECURITY THROUGH THE SERVICE OP ?
THE BANK OF FARMVILLE
37 YEARS OF PROGRESS
Help America by Helping Yourself .. .. Get Defense Savings Bonds Here
~ ?. ? ; "
Deposits Insured by The Federal Deposit Ins. Corp.
$5,000 Maximum Each Depositor
; ' " ? * ' / ?> "? Vv":'---v- ' ? ? V f .
A. ?* MONK,
President . *
J. I. MORGAN,
Vice-President
? .
L. E. WALSTON,
Cashier
J. M. STANSFLL .
C. C. SIMPSON
Assistant Cashiers
-
c. H JOYNER, Owner
-. - ? ? ?< ' ? ? ?, t ... I
? ? - .
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