. The auction marketing of flue-cured tobacco : a preliminary appraisal. Tobacco Cooperative marketing. TABLE 1.â^Return to flue-c-ured tolDacco growers, margin at auction markets, and, payment "by tobacco companies, 1950 and 1951 Item Return to growers Margin at auction: Warehouse charges â Spread, leaf account Spread, on pinhookers' resales- Sale of pickups- Total- Payment hy companies 1950 1,000 dollars 668,157 20,340 ^ -568 3,346 1,285 24,403 692,560 1951 1,000 dollars 736,663 22,585 1,732 3,519 1,578 29,414 766,077 -'â Loss, TABLE 2.âMargins at auction markets as a percentage of retu
. The auction marketing of flue-cured tobacco : a preliminary appraisal. Tobacco Cooperative marketing. TABLE 1.â^Return to flue-c-ured tolDacco growers, margin at auction markets, and, payment "by tobacco companies, 1950 and 1951 Item Return to growers Margin at auction: Warehouse charges â Spread, leaf account Spread, on pinhookers' resales- Sale of pickups- Total- Payment hy companies 1950 1,000 dollars 668,157 20,340 ^ -568 3,346 1,285 24,403 692,560 1951 1,000 dollars 736,663 22,585 1,732 3,519 1,578 29,414 766,077 -'â Loss, TABLE 2.âMargins at auction markets as a percentage of return to growers, payment by tobacco companies, and percentage distribution of margins, 1950 and 1951 Item. 1951 Total margin as a percentage ofâ Return to growers- Payment by companiesâ â Percentage distribution of total margin from- Warehouse chargesâ â â â Spread, on leaf account Spread, pinhookers' resales Sales pickups-â Percent ''⢠Loss. Moreover the averages given cover wide variations in efficiency of market operation and the warehouses within markets. There are markets and warehouses where more efficient utilization of facilities and services could be obtained and where the margin taken on resales and from the sale of pickups could be reduced. It is estimated that the total margin taken at these markets could be reduced by an amount ranging up to 5. 6 million dollars Fixed or overhead costs are important in the auction marketing of tobacco. The warehouse building and the associated equipment in the flue-cured tobacco areas are used from 2 to 14 weeks a year, varying with the type of tobacco sold. Costs of specialized types of labor (weigher, bookkeeper, and clipman) are of a nature intermediate between "fixed" and "variable" costs, and are often called "controlled" costs. Up to the capacity of one weigher, for instance, there is no variation of weigher's cost with volume of busi- ness. This
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