Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1880-11-15
TOBACCO.
THE MARKET OPENING.

THE MARKET OPENING.
Tho Buyers Beginning Their Operations
The New York Market.
Q. 3. Tobacco Journal.
One of the events of the week was the
sale Of over 1900 cases of 10 Pennsylva-
MIA another was the prices obtained for it.
1t is almost repugnant to US to be con-
tinually forced to give illustrations of the
Of our views and predictions,
and we could certainly not have referred
to the subject again today. if the prices
obtained for the 20 PENNSYLVANIA this week
had not been so full of demonstration and
positively convincing Of the accuracy Of
our views and predictions.
The packers and sellers of $50 cases of
the 70 Pennsylvania referred to above
opened the memorable Pennsylvania pur.
chasing season of 1879. 1t was very smart
indeed Of them. Their speculative instinct
told them that then or never fortunes
could be made. In their estimation the
country was perfectly empty Of tobacco
and they thought that at the very sight
Of some, manufacturers and jObbers would
go into convulsions OF joy and purchase it
irrespective Of sort and consequences. Well,
they event in," sending their agents in
every direction, and paid the most unwar-
ranted figures.
Our readers are familiar with the sequel
to the first purchases-how the followers
of these parties fairly scrambled for the
possession of the 10 Pennsylvania, and
how, during the past few months, their
expectations Of profits have not been real
lied. But the sellers of the $50 cases.
after having packed some 1900 cases and
causing all the mischief, are now coming
before tho public once more in an interest
ing and instructive position. The price
they obtained is between 10 aud 81 cents.
eve at least know that it is no more and
that these go cases were 4 picked lot
with but few fillcrs.) They openly crOwed
at the beginning Of the season that their
fine packings would have to bring between
25 and 80 cents ! And everybody .,ew
that they cost them nearly 90 cents A ter
holding about 1000 cases for year they
sell picked lot Of G50 cases at about 2O
cents!! What will they get tor the bal
anco of their paclsings? Was the y. S.
Tobacco Journal preiudiccd. or did it try to
stop the mad rush for 70 Pennsylvania by
packers for their and their trades sake :
Now let those who denounced this papers :
course come forward and acknowledge
their mistake.
The other sale of 1000 cases offs Penn
sy!yania IS clear back down OH the part
OF the sellers. The prico they obtained
was about Il to 10 cents for several hun
dTed eases, and about Is to 20 cents for the
balance. Several months ago the sellers
asked for such goods from II to 90 cents.
Well. the lesson has been severe ono
and If the really astonishing activity
among cigar manufacturers had not set in
the losses cn 70 Pennsylvania would be
! enormous.
Outside Of tho sales named, there is
nothing noteworthy to record. COnnecti-
cut is stiff in Price, and although tho sales
Of the week number only about $50 eases
at last weeks prices. there is every indica,
tion that soon after the close Of the year
this crop will be entirely out of hands OF
the packers. A sale OF G5 cases of '79
Wisconsin Cuavana seed) at 10 cents, is
reported. Export is at Il stan,l-s:ill.
Havana.-Siarkct quiet. Sales reach
600 bales mostly to jobbers. Prices un-
changed. An error crcpt into last week s
report regarding q sale Of Geo bales of ~
stock. The tobacco was sold ut fifteen
cents in bond. The seller is said to have
lost over s2j, 900 ON this particular lot.
Cans y Report.
Sales OF seed leaf tobacco reported By
J. S. Gans's Son s Co., tobacco brokers,
Nos. 81 and SS Wall street, New York, fol
the week ending November Is, 1850
1850 eases Of 1879, Pennsylvania filters,
6! to u; assorted II to 81 d.; wrappers Is
to 40 cents. 1870 cases 1879, New England
seconds, II 10 IS; wrappers to 16 to 37t
100 cases 1879, Wisconsin,, Havana seed,
u cents. 81 cases, Ohio, S cents. 100
sundries, to 19 cents. Total J13 cases.
Trade Notes.
Nearly ii not quite II, $50 boxes of the
New York state tobacco has already beer
bought up (on the polcs) out of the q, ,00t
or 30, 900 cases estimated to have been
grown in the state this year. The farmers
have been we'll treated By getting high
prices for their tobacco.
The San Francisco Journal of Commerce
of November reports "Thc tobacco
business is booming. Buyers are numerous
and prices firm, and in short there never
was better fall trade in this particular
line since the good old days Of the Argo-
nauts. Imports are FREQ and stocks are
ample and afford wide choice to tho in
tending, more especially us the grocery
trade has taken Il hand in. The cigar
trade is in equally good condition and it is
now evident that this years make of cigars
will much exceed that of 1879, while Il
smaller stock will be carried over"
The buyers in New York state demand
that Havana and state seed be assorted in
three qualities and some of them request
that it shall be assorted in four qualities
to wit: into long wrappers, short wrap
pcrs, short binders and filters.
The Tobacco LcGf says that the total re.
ccipts OF Pennsylvania, tobacco by New
York firms during October, were 2,SG0
cases.
taxes received during September from the
tobacco interest they amount to &c. 7GG,-
97G.G7; equal to s4j, 2O3. 7a0.04 for the
current year, against s39, $40, 14O.GS for
the year preceding.
The tobacco trade of Philadelphia is in
Il good and prosperous condition. Re-
tailels and iobbcrs of manufactured to-
bacco ard cigars, in common with their
fellow tradcsmcn East, have been doing Il
paying business during the year. The
Philadelphia leaf dealers and packers re-
port 4 good business in tho 1879 crop,
which. according to the Leaf's idea, is
considered good property to hold. Lead
ing Philadelphia jjobbcrs, who have large
amounts at stake, agree that the crop is;
selling fast, t,as the cigar manufacturers have
nothing to fall back upon. and further
more, manufacturers find it profitable
crop to work. 1t will all sell, and holders
will make profit.