Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1880-03-22
TOBACCO.


The New York Seed Leaf Market
Sales of seed leaf tobacco reported by
J. 8. Gans's Son & Co., tobacco brokers.
Nos. 81 and S6 Wall street, New York, for
the week ending March 22, 1880: $50
cases '7S Pennsylvania, filters 1O@11c.;
assorted, 12@161c.; 126 cases IT Pennsyl
venia, wrappers p. t.; 225 cases '7s New
England, seconds 10@12c.; wrappers
14(gssc.; so cases '7S state, 1Oc.; 100 cases
'7s Ohio, 64913c.; 24O cases '7S Wiscon-
sin, 64@14c. Total, /, ,191 cases.
The U. >. Tobacco Journsls Report.
If it were not for the hope that with the
appearance Of the 20 crop in the market
revival of business will spring up, .
goodly number of the down town leaf
merchants would, Arab like, fold their
tents and silently steal away for other and
livelier commercial fields. This certainly
is the most prolonged season of intense
quletude the oldest leaf merchants can
remember. Transient buyers of note have
visited our market in such small numbers
during the past three months, and bought
80 triflingly, that it seems that if they had
either found more cOngenial markets than
New York or that their own business is as
quiet as the leaf business is here. Most of
the resident jObbers have turned packers,
and buy little or nothing of the old stock
Large city manufacturers appear to have
discovered hidden sources from which to pro-
cure tobacco. For almost a year now they
have been manufacturing to the full en-
tent of their facilities. Their stock of leaf
has certainly needed replenishing from
time to time, but still no sales of leaf in
any noteworthy quantities have come to
light. Those claiming to he we'll posted,
assert that the large manufacturers are
now working up the remnants of their
stock which has been accumulated for
years, and that the new tobacco will be
taken by them with swiftness bordering
upon greediness. We do not mean to enter
upon discussion of the correctness Of such
assertions or the recent policy Of the leaf
packers as displayed in their purchases of
'79 crops. The question We would like to
PROFOUND to-day is this !: Is the leaf to-
bacco trade undergoing change Or is tho
prevailing depression only a temporary
One?' We hold that the leaf tobacco
trade is undergoing change, but that the
prevailing depression is only temporary
one. The change has been brought about
by the fact that the leaf jObber AMI large
manufacturer have turned packers. This
crowds the former large and wealthy
packer into sphere of uselessness, except
that he concludes to peddle his stock
throughout the country into the hands
Of the small manufacturers or that he
turns cigar manufacturer himself. And
that is what he is actually doing. We
know from undeniably authentic sources
that several of our wealthy packers have
of late bought an interest in existing large
cigar factories, and that as soon as the
legislative agitation regarding tenement
house manufacturing has ceased, many
more of these packers will, either
under their own or other peO-
ple's names, engage in the manufacture Of
cigars most extensively. With this move
the market will be relieved Of an element
that has become a supertluity and draw
back and this is the change the tra,ie is
undergoing. Regarding the depression,
we hold that outside of the comparatively
small number of large manufacturers, there
are some Is, 900 smaller ones, to whom to-
bacco will sell as it did formerly, but the
saDguine expectations as to high figures
will never be realized. There is too much
tobacco available, too high prices were paid
for it, and export changes are growing
smaller every day. The subjoined cable
dispatch OF March 16, has proved dam
per upon the exporters sanguine hopes
LONDON, March 16-A Berlin despatch
to Reuters telegram company says: lit
is reported in parliamentary circles that
negotiations will shortly be commenced
with the ministers of finance of all the
states of Germany regarding the carrying
out of a scheme which has lately been elab-
grated by the government for the intro
ductiOn of q tobacco monopoly.
The business of the past week we sum
up as follows:
Pennsylvania.-Crop '7S: 46O cases,
mostly filters, 10 to III cents; wrappers,
% to IS cents running, IA to 1S cents.
New England-Crop '7S: 12O cases
p. t.. s. cases Connecticut
seconds, 134 cents.
Chio-CrOp '78 900 cases, low running,
z to 81 cents wrappers, IL to IA cents.
Havana-Market active. The reported
sales aggregate 600 bales, but large private
sales to manufacturers are spokenof. Quo
tatioDs for 10 crop arc low, S5 to %
cents ; good 81 to CLIO; fine S1.2O to
s1.25 extra fine Vuelta Abajo $1.35 to
$3.50; wrappers $3.50 to 4.45O.
Tho Local Tobacco Market.
We can do little more than repeat what
We said last week there is still an active
demand for the 1879 crop of this county,
the supply in the hands of growers is very
limited, and prices keep we'll up. Buyers
continue to receive largely at their packing
houses the purchases made earlier in the
season, and the work of packing goes
oravely on. As rule tho tobacco turns
out ever better than was expected, and the
packers do not at all fear that they have a
g white elephant" on their hands.
The demand for old tobacco is active and
prices are well maintained.
The "cold snap" which has ruled for
'wo weeks past has probably killed the
'eed that was sown, during the preced-
ng warm weather, and the seed beds will
lave to be re-sown. The loss entailed is
lot very serious one, as seed is abundant