Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1880-05-31
Leaf Tobacco.
Last Weeks New York Market.

Last Weeks New York Market. |
United Sta tes Tobacco journal.
If any of our readers in the country
should have been informed that large
transactions in 70 Pennsylvania were
made in our market this week, they may,
upon our responsibility, call it an untruth.
There are some thirty or forty holders OF
70 Pennsylvania in this market whose i'm
agination is fired by the slightest rumor
of a transaction in this kind OF tobacco,
and they at once become pregnant with the
idea that there is an army OF buyers ready
to swOOp down upon them with oilers
should they (the holders) show the slight
est possible weakening in their assumed
grand and lofty attitude OF holders OF that
great. glorious. unsurpassed 70 Pennsyl
vania. without which cigar manufacturers
will be regular, downright "gone geese"
Shere are one or two manufacturers in this
city who are almost weekly mentioned as
having purchased new Pennsylvania from
this or that firm, and who, when interro
gated on this point, do not in SO many
words verify the rumor, but try to init
mate that such is the case. The fact of
the matter is that these people for reasons
perhaps best known to themselves, merely
permit their names to be used to get up
an excitement and induce other manufac-
turers and also jObbers to buy out packings.
The respectable class Of merchants, though,
look upon these people as counterparts OF
the stool pigeons Of gambling dens. With
feverish anxiety almost, our holders of
new tobacco now scan the reports of this
wears crop. lis failure means rain OF
gold, success, a financial disaster. When
will the manufacturers and jObbers buy
new tobacco is asked constantly; nhdt
they will buy, does not seem to be OF any
great importance. Let us answer. The
manufactures and jobbers will buy ao~-
if they can get Pennsylvania, running, for
about IA to 1S cents: whether they will
buy it at that figure or for more or less,
depends upon the weather during the next
four months. The 70 Ohio, Wisconsin
and state begin to attract the attention of
manufacturers and jobbers. At the COM
mencement of the packing season these to-
baccos were spoken of rs being almost
worthless. At later period, however,
timid purchases of the same were made,
and of late nearly every thing has been
bought up-all of it for great deal less
money than was paid for the Pennsylvania.
Prospective buyers now argue as follows:
eff the 70 Ohio, Wisconsin and state
had been worthless, people would not have
paid from 5 to 10 cents pound for these
growths, and would not recently have
been so eager to secure them If they are
as good in quality as the Pennsylvania,
we want them because each of them is
vastly cheaper :; if not as good in quality,
we'll provide the quality.'
They know how to give leaf quality.
This important fact, now in the possession
of cigar manufacturers, has changed the
situation of the market and the crops.
Connecticut, we repeat, is outside of spec
ulatioD. 1t sells as it has always sold when
it was good for anything; and as the rs
crop is as good as or no worse than the "a
and '7S crops, the prices do not play an i'm.
portant part. Exports remain almost ell,
tirely neglected.
Sales this week were rs follows:
Pennsylvania-Crop 70: Ufumored and
taken as being true), 800 cases, p. t.
Crop '7S: $50 cases filters, II to III
cents running, 16 to 81 cents ; wrappers,
30 to 45 cents.
COnnecticut-Crop 70: 100 cases /; sec
onds, 13 cents filters, cents.
Crop'7S :(?)
State-Crop '7S: $50 cases, p. t.
Wisconsin-Crop '1S: $50 cases, low
running, II cents wrappers, II cents.
Ohio-Clop rs; 2225 cases running 8 t.
1Ot cents wrappers, u to 16 cents.
Havana-Market active sales 600 bales
no change in prices.
To lie Remembered.
If farmer or planter sells directly tt
consumers, or if he sells, assigns, cOnsign.
or disposes of his tobacco to persons Other
than those who have paid special tax
either as leaf dealers or as manufacturer
of tobacco, snuff or cigals, or person!
purchasing tobacco for export, he become:
liable, as retail dealer in leaf tobacco
to special tax of five hundred dollars
and to the additional tax of fifty cents OF
every dollar in excess of one Thousand
dollars on his sale.
Gans's Report.
Sales of seed leaf tobacco reported b!
J. S. Ganss Son & Co., tobacco brokers
Nos. 81 and SO Wall street, New York, fol
the week ending May 81 The business O
the week has been principally in Pennsyl
vania tobaccos. 1,O50 cases 1879 Pennsyl
vania 1O(a22c $50 cases 1878 do, 1OG Soc
$50 cases 1879 New England seconds and
filters, p. t.; 80 cases 1878 New England
wrappers, 13@ zoe 100 cases sundries, ga
1Sc. Total, 1850 cases.