Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1880-03-08
LOCAL INTELLIGENCE.
TOBACCO.


The New York Tobacco Journal says !:
A little more activity has prevailed this
week and the dropping spirit of the market
has changed to an almost forced buOyancy.
The stagnatiOn in seed leaf trade which
has existed in our market for the past
several months, is thought to be nearly ut
an end, and with the expected speedy ap-
pearance of the 70 crop in our market, a
revival of trade is at least hoped for.
There is, however, nothing in the outlook
which can induce us to change our views
regarding the future of the tobacco market,
and which we again expressed at length
last week. There seems to be hidden
cause which is now making people pay AZ
high as 81 cents pound in Ohio, the crop
there b ing readily bought up. We fail to
see the justification of this movement.
Perhaps the "boom which the Lancas-
ter. Pa, papers babbled about as having
come to the tobacco trade, is probably now
becoming visible to those go actively buy
ing up the Ohio at from to 81 cents. The
New York market has not as yet been
struck by this very remarkable sort of =
BOOM" There is talk that some of the
tobacco dealers who surely expected this
self-same "bOOm" about January, in
Water street and vicinity, have become
totally disgusted and intend to devote
their pent-up energies to the manufacture
of cigars.
Pennsylvania of the '7S crop remains in
the lead of the dragging leaf business, but
prices, though little improved, are not
sufficient to remunerate holders. Filters
are even falling in price, 100 cases of good
ticut wrappers sell in small quantities to
manufacturers at somewhat improved
figures, but Ohio remains without takers.
The summary of tranactiOns is us fol-
lows:
Pennsylvania-CrOp IS $50 cases fill
ers 10 to II cents; running, ii to 2l cents.
COnnecticut-Crop '7S: ZIG cases; sec
Onds, 134 cents; wrappers, % to % cents.
Ohio-CrOp '7S GO cases ; wrappers, IA
cents.
Havana-Active, without change in
price or feature.
Gans's Report.
Sales of seed leaf tobacco reported by
]. S. Gans's Son & Co., tobacco brokers,
Nos. 81 and SO Wall street, New York, for
the week ending MarchS:
$50 cases 1878 Pennsylvania, assorted,
III to TIC. $50 cases 1878 New England,
wrappers, ii to 22tc. 100 cases 1873 Ohio,
81 to 131c. 5Ocases Wisconsin, q to 13c.
50 cases 1878, state p. t., 100 cases sun
dries, to 19c. Total, 700 cases.
Local Tobacco Market.
Large quantities of baled leaf continue
to be received at the packing houses, and
the only diminutiOn in purchases is caused
by the scarcity of leaf in the hands of
growers. It is estimated that of the
great crop grown last season not more
than z, 500 cases or at the outside 5000
cases remain unsOld and for this the
buyers are securing the country much
more eagerly than they did when the sea-
son first opened. Prices paid are from I'D
and for inferior to 25 and 5 for good.
Some of the New York and other for
eign buyers, who came too late to secure
their needed supply from the growers,
have offered to buy at profit, the pack
ings of their more wide-awake competi-
tors, but the latter have declined to ac-
cept the advance offered, believing that
they can do better after awhile.
About 1900 cases of 1878 leaf have been
sold at prices ranging from 13 to 1S cents.
New Patent.