Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1880-06-07
aanraster fnteIligerlrer.
EVENING, JUNE 2, 1880.
New York Tobacco Market.

Seed Leaf ana Havana Leaf Last week.
q. 8. Tobacco journal.
At last some real, genuine transactions
in 10 Pennsylvania have been made in OUR
market. The sales of this stock for the
week foot up 800 cases. To this there is
to be added sale of 200 cases by q Ian
caster packing firm to a Water street leaf
house. This makes the weeks total sales
1000 cases, which made the packers feel
socially speaking, salubrious; CONNER
cially speaking, stiff. ..-o
In this market, among the packers ot ~
Pennsylvania there exists the opinion
and it is being freely expresst d-that the
U, s. Tobacco Journal is "bearing. in
order to sustain its early predictions re-
parding the investments in the crop. his
is wrong. Every one must admit that there
is an abundance Of tobacco in the country
and that the indications for brisk export
business are exceedingly slim. Why then
should we recommend to our readers the
buying of 20 tobacco in its state of fermen-
tation when no one is able to tell how it will
cure? Holders Of - Pennsylvania argue
that of the fine grades there is but small
quantity, and that those who hold aloof
now will have to buy inferior grades in the
future. We have yet to find the holder
and in this city there are almost forty-tire
holders-who will say that he has not as
fine packing as was put up. The real
Judge of how much good there is aud how
much Of bad tobacco, is the buyer. lie
can't tell even now if he examines the
samples of all the packers in the market.
Later in the season the prospecting buyer
can tell exactly how much fine tobacco
there is and who has it for sale. These
facts. then. and the consequent transac-
tions determine the market value of new
leaf
There are always people who believe
themselves able to tell what tobacco will
be before it is cured, and generally these
people find themselves losers if they buy
upon the strength of such Judgment.
Some of the oldest manufacturers bought
'7S Pennsylvania when it was still in the
sweat, but positively refused to accept
it later on. In the meantime the tobacco
had taken on a different appearance.
Who knows that the 's9 Pennsylvania
already bought by packers samplers will
not he rejected in few months? 1t is bad
policy even for a packer to offer his new
tobacco for sale subject to inspection sam
pies in the fall, unless he knows that his
tobacco is poor. Ii the tobacco turns out
we'll, the party that bought it will not
give more than he agreed to give for it; if
it turns out worse than the packers sam
pies, he will want a reduction or reject it
altogether. Therefore, the few transactions
in 70 Pennsylvania which have taken
place are no criterion of the advisability
or inadvisability of the investments at the
high figures they were generally made at.
They also do not establish in the least its
market value, especially as the figures IN
those few transactions have been kept a
profound secret. The buyers claim to have
paid big figures. Has anybody right to
expect them to tell the real figures.
A paper like the U. S. Tobacco JOurna
offers its opinion, unbiased and unpreju.
diced. Most all Of those interested in the
movements in the market read its reports
and its opinions only for the purpose OF
comparing them with their own. Manu-
facturers and merchants who read theil
paper, do not read it to learn their busi
ness. They read it to gather more infor-
nation they like to see decided opinion:
expressed, but act accordingly to the pc
culiar circumstances affecting their busi
ness.
In 10 Ohio things were also little livel.
this week. Nearly 700 cases were sold fo
home consumption at to 10 cents.
lew nuuuTeu cases Vi 80 NOuLCCtiCuI oCS
onds and filters have changed hands.
Old stock sells readily, and the aggregate
of the transactions of the week in such il
considerable. We detail the the week
business as follows:
Pennsylvania-Crop 70: 300 cases
private terms.
Crop '7S: 700 cases filters, III to IL;
cents running, 1G to 81 cents wrappers
30 to 45 cents.
Connecticut-Cro 10: 2l0 cases sec.
Onds, 12t to IS cents filters. cents.
Crop '7S: 55 cases wrappers, 81 cents.
Ohio-crop TO: 700 cases price giver
above.
Crop rs: $50 cases running, 9 to 10;
cents wrappers, Is to 16 cents.
Havana-Market active; sales, 55'
bales ; no change in prices.
Gans's Report.
Sales of seed leaf tobacco reported by j
S. Gans's Son s. Co., tobacco brokers, Nos
"a and SO Wall street, New York. for th'
week ending June z, 1880: 1000 cases 1875
Pennsylvania, fillers &C., Sc. 500 cases
1873, Pennsylvania, fillels, % to 1Oi; as
sorted 12 to 17c wrappers, 1S to 35c; s.
cases, 1877, Pennsylvania, 19c. $50 cases
1875 New England, wrappers, 13 to 2Oc.
sundries, 8 to 1Sc. Total number Of case'
1851.