Business: Ricochets

To woo Turkey into military alliance, Great Britain promised, among other things, to buy 20,000,000 Ibs. of Turkish tobacco per year for 20 years. In January Britain officially prohibited further purchases of U. S. tobacco.

The South took this very hard, feared the permanent loss of a vital market for its No. 2 cash crop, of which Imperial Tobacco Co., Ltd. usually bought as much as a third. The 1939 tobacco price was saved from ruin when Commodity Credit Corp. spent some $30,000,000 taking the British share off the auctions. But the South could not expect that much help every year.

Nevertheless, dopesters...

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