Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1880-12-20
80 ercaster f,1telltgel1rer.
MONDAY EVENING. DEC. 20. 1880.
Tobacco.
Tic New York Market.


The Z. S. Tobacco Journal of the past
week says: "The excitement caused by
the several great failures brought about
comparative standstill in business. Had 1t
not been for an uptown cigar manufacture.
ing firm that saw fit to invest in several
lots Of various crops, aggrcgating eight
hundred cases, hardly any transactions
would have taken place. Notwithstanding
the bad effects Of the failures on the mar
ket, the greatest confidence in the future
prosperity of the trade is displayed and
prices Of all kinds Of old tobacco remain
firm. The total sales of the week reach
about 800 cases, OF which about GOO
were 80 Pennsylvania. Balance consisted
Of 20 Connecticut, Ohio and New York
state at last week figures. There is in
creasin. inquiry for 70 Connecticut, and
holders expect large sales OF it after the
holidays. Havana-narkct quiet; prices
unchangcd.'
The Leaf reports good inquiry of seed
leaf during the last week, ., 100 cases sold,
mostly Pennsylvania 70; market firm and
steady. No change of movement in the
cigar market, trade brisk.
G:,ns's Report.
Sales OF seed leaf tobacco, reported by
!, s. Gails'S Son & Co., tobacco brokers,
Nos. 81 and Sc Wall street, New York.
for the week ending December 20, 1880 !:
1907 eases 1879 Pennsylvania, filters, &c. :;
assorted lots, 12 to a0c. wrappers, ID to
4Oc. 200 cases 1879 New England, Sec
Onds and wrappers, l2 to 35c. 400 cases
1877? Wisconsin, wrappers p. t.. 100 cases
1870 Ohio, s to 12c. Total, 1000 cases.
Numerous failures have shaken confidence
and we expect !. period Of dullness for
some time to come.
The Late Failures.
Rcgardin. the late heavy failures in the
trade tie y0urual says editOrally:
'Thc large failures in our trade during
the past few weeks arc no indications OF
an extensive financial unsOundncss or COM
ing bad times. None OF them show that
the cause was 4 lack o: trade or inability
to collect outstanding accounts. They
We're duc to either promciitatcd fraud or
unfortunate Investments. Against fra udS
and against unfortunate Investments no
business man can gual,l during the best or
worst OF timcs.'
The Leaf takes this view of it " The
daily papers, in reporting the recent fail
nrcs i'm the tobacco trade, intimate that
Consideration las been produced by them
in the ranks of tobacco tr:l.lasncn. 1t is
well TO state right here that, though suT-
prise is manifested. there is 40 evidence OF
CONSERVATION in the tobacco market. The
losses have been heavy and uncX-
pectcd, but much heavier ones will
have to be encountered before 4
single ripple OF uncasincss will be
disccrniblc in the wcll-cquippcd establish,
mcHts Of our tobacco merchants and
manufacturers. All thus far affected by
the failures of the past few days are abun
4 H. o. {1,.,s,
misfortuncs, but this fact, it must in trutl
be said. in no wise lcSscms the o:fcnsc o
those responsible Gor them. When The
pledge of secrecy, by which, on mora
grounds, We are bound, is removed, there
may Ec occasion for unfaltcring comment
respecting tl,c course of so,i!c of the mel
VIII" prcci pitatcd the present commercial
disasters. Meanwhile, everybody ma,
rest assured that the tobacco trade
in whole and i" part, is sound I" th'
CORE
Trade Notes.
From Philadelphia ti.c ci,,arma:ScrS Are
reported busy will! encouraging pros
poets. The cigar leaf business for the pas
week, :.s usual at this time "f the year, fell
of in amount OF sales. Manufactures
must prepare for inventory To the govern
mcnt on ti.e 1st of January, hence tho
business done for the balance of this
month will bc light. Prices, however, re.
main steady, with excellent prospects for
= healthy spring trade.
From Ohio the crop reports arc favor
able II" house burn reported: no buyers
yet stripping lively.
H. Wisconsin few buyers are abou; a:
yet.
The five leading articles OF export from
the United States ,iur;n. the year ended
June 80 1880. were us follows: Bread and
brc;u!stu.l:s, :2S3, ,036. S3j cotton, unmanu
facturcd, sci, ,5;;5, 90, /; provisions, s127,
0i2,oi2; mineral oils, SIG. 21S, G25 tobacco
and manufactures Of SIS ii22 27:,