Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-08-29
TIE TOBACCO SITUATION.
"slues'" Lugs stirs up the Regulars
What's the Matter With Betsy,
Anyhow

tie disposed to monkey with the "big
three" as in past years, yet il is con-
coded that tobacco ought to sell for
$l.00 to $500 per hundred higher
than the prices have ranged in any
market. The general opinion is that
the Reggie contractors are shaping
their arrangements to gObble the
next crop entirely, buying direct
from the farmers, break up the mar
kets and knock out all competition.
We are unable to say whether this
is correct or not, but the signs point
that way, and it makes warehouse
men think and spectators look wise
and cautious. Wednesday we copied
an article from the Western Tobacco
Journal written by "Slugs," better
known here as the "Old Man." on
the lug situation, which seems TO
have disturbed the quiet of several
members of the trade Ehere, who
have replied through the Journal in
the following letters:
Western Tobacco Journal
GAINESVILLE, TENN, August q.
The last number of your admirable
paper contains an article on the posi-.
ton Of Lugs, written by "Slugs,"
which, like all the writings of the
author, whether signed "Slugs" or
"Old Man." are composed mainly Of
chaf and wind.
| can not bring myself to believe
that the so,called arguments are
meant in good earnest. He is well
known to be the stimulator Of
that kind of local and coun-
try spectators called here, "the Sun
day school class" who, while they
at times made some money by fol-
lowing his vaporings, have lost it in
the end.
Admitting that the Southwestern
Tobacco markets only contain in
round figures, 1900 Hhds. of Tugs,
his calculations will be seen to be fal-
lacious when we add to those perhaps
5000 Hhds,, which may be held by
the great and honorable house Of
Mr.. Max Abenheim, the selected
contractor for Spain. This would
leave but little to be drawn from the
overwhelming stocks of Cincinnati,
Louisville and New York, to fill their
contract to overlooking. Thus you
see the views advanced are unwor-
thy of notice. Every tobacco mar
ket should be profoundly grateful to
this enterprising and wealthy hOusr
for furnishing them with a demand
for a grade of gooIs Tor which they
have in vain sought customers, and
should treat them with courtesy and
consideration. OBSERVER.
Western TObat co Journal
GAINESVILLE, Tenn , Aug. 21.-l
read in your issue OF the 18th the
communication of "Slugs'' under
above heading, and he no doubt may
be fairly correct in the stocks OF
other markets, but ovtr-state5 the
stocks here. Oar warehouses con
tain all told not over 500 Hhds. of OLD
and new luga, about 200 llhds. OF
which are unfit for any other purpos''
than fertilizers. But / should be
sorry to see any but legitimate de-
mands arise for this stock. SpeCula-
ton might detain it here, and | want
to see every hogshead go out, and
without delay. All of our markets
have been loaded WITH this kind OF
stock and counted every year to the
disadvantage of our better grades
For two years we have refused no
decent offer, and considered every
hOgshead sold as n radiance. We
know that for the Tugs of the new
crop we will get prices approaching
former years, and for shutters proba-
bly, 8 to s cents, and this is all that is
of it. We are closing out our com
mon Tugs now, and in two weeks the
market will be clear of what h $
been a nuisance since 1883. ***
Western Tobacco JourEel.l
GAINESVILLE, August 22.-Your
paper of the 18th has a letter from
old "Slugs' on the lug situation.
Now, this is all wrong, aud "Sugs"
don't know what he is talking about. |
He can't get up speculation in Tugs,
for speculation is "dead as Hector's |
pup"
He is "way off his base" for it is
well understood that there is no
Spanish contract, all the bids at the
adjudication being rejected, and |
Messrs. Abenheim q Co. are merely
filling an order for Spain, and i
makes no difference whether Tugs are
abundant or scarce, they will buy
what they want and then quit.
TOBACCO