Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-01-15
THE TOBACCO TRADE.
The Reggie Policy and General outloo,

The farmers are delivering good
deal of tobacco now, sold to stem
mers at to 7 cents round in large
hands, prizers are paying higher for
fine crops in small hands.
Luckett & Co. received some ten or
fifteen loads yesterday and Other
houses were also receiving. If the
weather favors, tobacco will now
move rapidly and put good deal OF
money in circulation, relieving the
5tringency complained of. Our
opinion is that the early sales this
year will prove the best average for
Reggie types, because of the competi-
ton between stemmers and prizers.
The demand will be better later on for
fine wrappers suited to the Bremen
trade, and other open markets. This,
however, depends greatly on the
next planting. The Reggie trade will
GUY fully half Of its supply THIS yea
directly from the farmers, as they
uoW have ndmber of pricing
Houses established in different parts
Of the district. In this way the con-
tractors will secure all of the finer
qualities wanted, and enough to
bridge over in the event prices should
20 too high for them. The change
that has recently come over the
market, knocking out the specula.
tors in Reggie stocks, leaves the con.
tractors without competition except
for the finer grades and they will of
course take the balance at their own
figures. In other words, the specula.
,Ors have been whipped Out-Saw.
yer, Wallace & Co., Seibert, Ham
0augh, Kropp and all hands have
gone down before this mighty com
oination and no longer stand between
the farmer and The monopoly. The
planters will now have to meet the
Reggie folks fac9to face and fight it out
their own way, ana the prospect
; that the shreWd Big Three in New
FORK will get the best of them in til,
'ni. The present crop is regarded
/, a small one, and the policy of the
or bination seems to be to pay far
ners directly fair prices this year,
east enough to get ali they want,
run out the warehouse business, scat
ter the market to the country, where
here will be but little competition,
and stimulate large planting this
year and get it hereafter at their own
figures.
Ihe tobacco trade of this city has
nothing to fear from Nashville ana
Iopkinsvlle, but it is the Reggie mo
nOpOly that threatens to swallow up
the market and then take the grow
RS by the throat. 1t will be remem-
oered that the writer predicted two
years ago that this policy would be
pursued by the combination and now
is reality, with only one or two
more years to determine the result
First the attack was made on New
York, breaking up the seahoard mar
ket that threw the trade of dark to-
nacco back on GAINESVILLE to be car
ried, which strained the banks, ware
housemen, spectators and every
nerve of the market, and it was COM
PEELED to yield to the crisis during
The recent financial furry. Now the
question is, what will the farmers do,
or what can they do? viii they I'M
dertako 10 sustain a competing mar
Net on the warehouse syeem, or will
they break up he warehouse system
and scatter the trade to the country,
placing themselves entirely at the
mercy Of the monopoly?
OF course the planters will sell q
large portion Of tins crop directly t.
the Reggie agents. But how about
The next? Will they undertake to
plant both sides of the earth, as they
did in 'SS, and then give it away to
these sharp traders after all competi,
ton has been run out, or will they
plant still smaller crop, plant early
and make fine tobacco, just enough
to supply the home demand, Ger
many, Italy and Africa and maintain
competition and double prices ?
The latter course seems to us the
only defensive policy now to be pur.
sued.