Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1880-05-03
The Tobacco Market.
The New York Journals Report.

The New York Journals Report.
Everybody in the leaf and cigar manu.
featuring trade is imbued with a SUPER
abundance of hope. Packers are antici-
pating selling their 20 stock at fair
profit, while the dealers and manufactur-
ers are hopeful of buying it at a fair loss to
the parties first named. There is u great
scarcity of old and available tobacco. es-
pecially wrappers. Any lot possessing
good wrappery leaf can lie easily sold at
fair figures. New C19) tobacco cannot IL
worked as yet and rs manufacturers arc
filled with the idea that there will not hc a
scarcity of good tobacco for at least year
to come. consequently they arc in no hurry
to invest. 1t is, therefore, plain that
before August or September uanS,r-
tiorfS in new tobacco will IL few
and far between. unless the crop about ~
of failure. In that r.Sc. - tobacco will
prove veritahle mint t. lis packers,
Should the so crop prove but y partial >ut-
cess. sluggish business in - tobacco will
be the result. We do not wish ~ rritcra,e
our former predictions i'll rrsarI ,r the
- Pennsylvania time will tell whether
our calculations as given Nricc IL III thc>c
columns, wcre nrt tctter Srruuici than
the haSty. rNer~SanSuire oueS rt the lSicS
ers. But these packers must admit t,r>fiy
that if they could offer their ~ pAeAmgS
good and fair ones, of cpurSe) al tSto Is
cents, al easy disposal ofsueh AZ this early
day would be the conSelu luence The ask
ing figures for good and fair crops of -
Pennsylvania at present are from IS u 222
cents, and even 25 CENTS. Tue enough,
the tobacco is in excellent quality and
yield, and in comparison with the rs
Pennsylvania mast be called comparatively
cheap at even the figures named. The
dealer or manufacturer cares very little
for comparisons. His action is guided by
facts. He knows that there are score of
holders of this tobacco he knows that the
yield of the 70 crop is enormous re
knows that not every packer is CrGsus,
and that by making his purchases by
chance his pocket will not suffer. This is
the real state of the market, and the only
view We can take for the future. The
news that the spectre of German tobacco
monopoly has vanished for this year has
created a better feeling among some of the
exporters, though to others it was source
of great disgust. 1t was widely known
that some of the purchasers of the Ohio
crops for export bought with the expecta-
ton, that a German tobacco monopoly
bacco on hand in Germany would have 60
be bought by the Germans at large fig
ures. There is a surplus over that required
for home consumptionin in the Unit ed States.
Will Europe take that ? An examination
of the emigration statistics of the past
three months will furnish food for reHec-
ton to exporters.
The sales for the week sum up as fol.
lows:
Pennsylvania-Crop rs: 700 cases
filters, IL to IL cents; running low, IA
cents good, 1S cents fine, 90 cents
wrappers, 30 to 45 cents.
COnnecticut-C 7S :210 cases wrap
pers 80 to 35 cents seconds, IL cents fill
ers, 8 to 9 cents.
Crop TT: so cases, p. t.
Ohio-Crop '7S Diseases, running, to
10 cents.
Wisconsin-Crop '7S 65 cases of wrap
pers, 13s cents.
Havana-MarkeG active, sales, 200 bales.
No change in prices or features.
Gans's Report.
Sales of seed leaf tobacco reported by ].
S. Gans's Son & Co., tobacco brokers,
Nos. "a and sc Wall street, New York, fol
the week ending May 3, 1880: $50 cases
1873 Pennsylvania, assorted, 12 to 17c.
wrappers, IS to 35c. 122 cases 1877 Penn
sylvania, wrappers, IS to SIC. 250 cases
1873 New England, wrappers, - to 25c.
100 cases 1878 Ohio, 10 to 13c. 1OS cases
1879 Wisconsin, Havana seed, 15c. 1OC
cases sundries, 10 to zoe. Total, 1,23G
cases.