Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-02-12
TOBACCO ToN1cs.
The Coup De'etat of the Reggie Buyers
in the West.

in the West.
1t is reported that w. G. White is
representing the foreign Reggie con-
tractors in buying tobacco at Cadiz,
and will buy, put up and ship direct
to Europe as many as 400 hogsheads
this season from Trigg county. This
new departure in the tobacco BUSH
ness is seriously interfering with the
warehouse interest, as the stemmer-
les and loose buyers have heretofore
done. AT least half of the farmers
are selling loose in many neighbour
hoods. HopkinSUale South Kentuokian,
February 6.
This is the news we hear from va
rious points in the Dark belt of Ken
lucky and Tennessee, and there
seems to be no doubt but what the
Reggie has gone in to buy the crop di-
rect from planters, and it must be
said they are paying better prices
than have been realized for some
years by the average grower of dark
tobacco, and III this particular the
new move is of advantage to the
dark crop and holders of stocks of
this character.
But the question naturally arises,
il the Reggie agents are willing and
anxious to buy at decided advance
over prices of previous years, what
did they anticipate paying if they
bought in the regular way, and
would it have paid planters any bet
ter to have sold to regular dealers Z?
1t appers not, for the regular packers
and steamers did not seem disposed
to handle the crop early in the season
at any particular advance, although
stemmers were disposed to pay bet
ter prices than shippers. 1t was only
when the Reggie buyers filled the
breach that prices took BOOM
Cincinnati WeStern Tobacco Journal.
This may be pretty good thing
for the farmers for year or two. 1t
must be admitted that the Reggie con
tractors are large buyers, having
France, Spain and Italy to supply
but they have all the while been
bears in the market, paying liberal
prices only when forced by specula.
tors to do so. They are bound tc
have it, and dislike to pay specula
tors, who buy it over them at the
board. profit And this is certainly
shrewd move to make sure of it al
first hands and make the home trade
Germany and Austria pay good
figures for such select grades as they
want. Now if the Reggie combina
nation can keep up this thing long
enough to break up the mark cts
drive warehousemen out of the busi.
ness, and destroy competition they
will have the farmers completely un'
der control and forced 10 raise tObac
co at cost. One more years work
like this will do it. The only way
to defeat the move is by planting 6
mall crop, raise fine tobacco and
form combination of farmers, ware
housemen and bankers to handle the
next crop and force still higher
prices. The Reggie buyers have moi
heretofore been able at their figures
to compete at first hands with
country dealers, backed by
the warehouses and banks
and would not this year but for the
financial furry that caught the trad
just at the time when the markets
were opening. The farmers will
come out quite well enough ahis
year, but the trouble is that the
movement is calculated to stimulate
a large planting and an overstock OF
Reggie types and render any comb
nation or demand to force liberal
prices impossible. A short crop and
fine quality is what is wanted to fill
every farmers pockets with money.
How Por Gala