Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1880-01-05
Hancaster fnteIIigerlcer.
MONDAY EVENING. JAN. 5, 1880.
Tobacco.
The Market in New York.

lity. The new year opened equally as un-
disturbed, and leaf dealers are now ready
to do some kind of business. This much
is certain; that they will do very little
business during the first part of 1880.
They need not despair, however. The sec
ond half of the year will provide them with
plenty of good tobacco which they will be
able to buy at low rates. Our Pennsylva-
MIA reports speak of gradually decreasing
figures for 70 tobacco. There are some
$1,000 cases still in the hands of farmers.
This tobacco must be bought at 10 to 12
cents for wrappers and and cents for
binders and filters If higher prices are
paid, no money will he made. This is as
unreliable as the JournaEs previous re-
ports.-EDs. INT.J We adhere to the SEN
timents expressed by us during the past
three months. Cigar manufacturers now
look favOrably upon rs Ohio, and this to-
bacco is preferred to rs Pennsylvania.
The latter is firmly held at from u to 20
cents for running by New York packers.
There is at the present writing no demand
for any kind of tobacco. The sales of the
week hardly number 300 cases. comprising
'7S Pennsylvania, Connecticut and Ohio.
The latter sells at 10 to 49, cents running.
Gans's Yearly Review.
In their annual review J. S. Ganss Son
& Co. say there are in F. G. Linde & Co.'S
inspection warehouses Jan. 1. 1880, 1860
cases. There were exported from New
York last year 6j, 719 hhds of leaf tobacco.
The December seed leaf business has been
good total sales, $3.50 cases for export,
400 cases. OF all kinds there were sold in
1879, SS, ,6Sj cases, of which 5,014 were for
export of the whole IA, 900 was of Penn
sylvania ~ and IL, ,520 of Pennsylvania
rs. That last years business was not a
good one this circular attributes to the
average poor quality of the crop and
the lack of the export trade. Nevertheless
.'nearly all tobaccoS excepting PennSylva-
MIA have been taken out of first hands at d
profit, and even this article would now, to
a largo extent, be in jobbers' and manu-
facturers' possession had not, fortunately
for them, the packers in many instances
refused to accept small profits on tobacco,
which if fine in quality is deficient in wrap
pers. The stock of old tobacco on hand
Jan. 9, 1880, is put at 4S, 600 eases, divided
as follows:
$500 cases. 1873, New England, in
cluding trifle of 1877 81, 900 cases, 1878,
PENNSYLVANIA $500 cases, 1873, New
York 10000 cases, 1873, Ohio; 1900
cases, 1873, Wisconsin.
The New Crop.
ing year Mcssrs. Cans say This crop
(the 1870 is a good one, sounder and
leafier than the preceding, and much
larger; we estimate it at 10000 cases,
consisting of:
$4,000 cases New England of which
1000 Housatonic, $1,000 cases Hartford
county, and $4,000 cases Massachusetts,,
including 1000 cases Havana seed" the
bulk of which is Massachusetts, on the
whole better than 1878, particularly the
seconds.
$4,000 cases Pennsylvania, an excellent
CROP fine in texture, free of white veins,
large in growth. with some little house
burn.
$1,000 cases New York, Of which 1000
cases Flats and 5000 cases OnOndaga.
sound, of good quality, thick i'll leaf, and
rather mixed.
$4,000 cases Ohio (many estimates do
not exceed $1,000 cascs), a sounder, but
hardly a better one than that of 1873.
$4,000 cases Wisconsin, Illinois, &C.,
(most estimates are from 90 600 to Is, 900
cases), of which 6,000 cases Havana
seed,' containing some very fair tobacco,
but on the whole the leaf is not sound, and
the wrapper proportion will lie less than
the 1878 crop.
Purchasing has been going on for some
time in all the states, the Eastern and
Western "Havana' has nearly all been
taken from producers; in Pennsylvania it
is estimated that one half the crop has
been sold, and in New England buyers
have not been inactive.
Thus, with stock of 223, 900 cases. of
which As, 900 cases cid crop to enter the
new year with, it should require great
moderation ON the part of operators to
make success of this years business, but
SO far all the investments made have been
at figures which surely anticipate, nay,
even discount, a very ilourishing trade and
while it is true that the area of civilization
is being constantly extended in the West,
Northwest and Southwest, and fertile lands,
heretofore uncultivated. are being brought
under cultivation, and made to add their
portion to the national wealth, still our
branch is limited one, and without a
good foreign demand, business cannot be
otherwise than stagnant.
The momentary outlook for an export
trade is not encouraging; in connection
with other reasons we must state that
through the increased duty in Germany
the production of Palatinate and other to-
baccos have been stimulated, and this year
undoubtedly an enormous increase on pre-
viOuS crops will be made.
The Brazil crop of 1S7S-79, which was a
good one, had been largely imported at 4
very early season, in anticipation of the in
creased duty, and although there is not
much in importers hands, we have all
reason to believe that manufacturers and
even jObbers are at present we'll supplied.
The st. Domingo crop of 1879, about
60, 600 seroOns, of which the first parcels
arrived in Bremen some two months since
has been pronounced as being very good
furthermore nothing in the shape of 1873
seed leaf has so far been bought at prices
low enough to induce the Germans to take
hold.
Our English friends express desire tC
use seed leaf, but unless we can put up
light and dry strips in large quantities,
and at moderate figures, there is little to
be hoped for from that quarter.
Before closing, allow US to say that re-
marks made in our circulars are always
made in good faith Our interests are toe
closely allied with producers, packers,
manufacturers and exporters to wish to
injure any one, and we trust that the 1879
crop-or rather that part of it yet in pro
ducers hands-will be purchased at more
moderate figures than those SO far paid.
We are satisfied that, were our crop go,
600 to 3O0, 600 cases, instead of 175, 600 (and
which will ere many years be the case), it
could be readily disposed of, and at prices
which would pay growers. They must not
expect to become rich on each individual
crOn hnt they shall a1w,vS recniyr q f,i,