Business & Finance: Better Burley

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....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!