IMPORT CUTS HIT U.S.
TOBACCO AND COTTON FOOD PROCESSING LOSSES NEW YORK, Sept. 20. America’s tobacco-growing southern States are getting worried over Britain’s dollar shortage. Last crop year the United Kingdom bought £40.000,000 worth of flue-cured tobacco —nearly 50 per cent, of the total of American exports of this type of leaf. Tobacco growers have now been advised to reduce future plantings, by 20 to 30 per cent With the British demand for raw cotton also down, the southern States see their economy quivering. Only the continuation of Government-supported prices for tobacco will prevent chaos. Hard hit. but for a different reason, is the bia frozen food industry, which has banked on driving fresh foods from the home and supplanting them With cartoned out-of-season foodstuffs. Production last year was so far ahead of demand that output this year is being reduced by half. About 50 per cent 'of the processors in the State of Washington and Oregon have closed down and 15 big companies have failed in California. Experts, do not blame the public, which is buying well, but the overeagerness of the processors to cash in on a youthful industry.
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Bibliographic details
Gisborne Herald, Volume LXXIV, Issue 22464, 20 October 1947, Page 5
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191IMPORT CUTS HIT U.S. Gisborne Herald, Volume LXXIV, Issue 22464, 20 October 1947, Page 5
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