When the tobacco leaf is fully cured it is at once prepared for the market. The first step is the planters' classification of the leaf. In the case of pipe smoking and chewing tobacco the planter collects all the imperfect, injured leaves, or those inferior from any cause, and ties them in bundles. These are the planters _lugs_. All other grades are _leaf_. Slightly injured leaves are classed as _low-leaf_ or _seconds_. The others are classed _medium_, _good_, _fine_ and _selected_ leaf, according to grade, color, quality, etc. In the case of cigar leaf tobacco a similar classification is made, more care being taken owing to the very great difference in price between the better and poorer qualities. This difference may be as much as 20c in the lb., the finer and more suitable leaf being eagerly sought for. Pipe smoking and chewing tobacco leaf is usually packed in hogsheads or cases each weighing from 1,000 to 1,400 lbs. The operation of packing the leaf is called "prizing." Cigar leaf is usually put up in "hands." A "hand" consists of from 25 to 75 leaves tied together. Four hands tied together make a "carrot" and 80 carrots go to the bale, but the size of the bale varies considerably. The tobacco is then ready for the buyer. There are two systems of disposing of the planters' product: (1) direct purchase by the manufacturer or by a middleman from the grower; and (2) what is known as the warehouse system. In the southern states the warehouse system prevails. Every important tobacco section in the south has its public warehouse which is under the control and supervision of state law. Many of these warehouses are long established, that at Richmond, Va., dating as far back as 1730, and those at Louisville and Clarksville about 1839. On appointed days the planter brings his leaf to the warehouse. Here it is entered as "loose leaf" or "inspected leaf." In the case of loose leaf, the tobacco is open to the inspection of prospective buyers, who examine it and afterwards bid on it. In the case of "inspected leaf" the warehouse officials first examine the consignments, grade them and mark them according to their judgment, taking samples. The samples are open to buyers' inspection and form the basis of sale. Tobacco auctions are regularly held when the buyers assemble and bid on the "loose leaf" and "inspected" lots. Prices of the various grades are fixed and sales take place at the day's price. The principal tobacco markets are: For Kentucky and Tennessee--At Louisville, Clarksville and Cincinnati. For Maryland and Ohio--At Baltimore. For North Carolina--At Durham and Winston. For Virginia--At Richmond.