TOBACCO PRICES
UNLIKELY TO DROP. Tho expectatjon that retail prices of tobacco goods' may drop is not encouraged by tho latest rcpoits from the U.S.A. markets. All classes of good grade bright Virginias are being marketed at extremely high prices; tho crop is small—approximately only 50 per cent, of last year's — and tho closing sales have developed into what is more or less of a scramble for loaf, With regard to shags and other dark tobaccos, the 1921 crop is excellent quality, and is selling at prices higher than tho highest paid during tho boom period. The 1920 crop, which was ,-old at cheap prices, was of such poor and indifferent' quality that very little of it lias been imported, in tho main being quite unfit for use in British factories. It would seem, therefore, that tobacconists who are optimistic enough to ! ook forward to reduced prices can only hfvo their wish realised by a substantial reduction in the duty.—Tobacco’ (London), February 2, 1922.
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Bibliographic details
Evening Star, Issue 17927, 24 March 1922, Page 3
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164TOBACCO PRICES Evening Star, Issue 17927, 24 March 1922, Page 3
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