Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1880-03-29
lancaster fntelIigencer.
MONDAY EVENING. MARCH %. 1880.
Tobacco.
The New York Seed Leaf Market.
c

The New York Seed Leaf Market.
Z. S. Tobacco Journal.
The sanguine portion of the leaf trade,
which consists mainly of heavy packers of
the '79 Pennsylvania crop, evinced uncom-
mon glee during the week. The first in
centive was the action of a prominent Chi
cago leaf merchant, who had purchased
over one hundred cases Of running 1877
Pennsylvania, at q cents, from cigar
manufacturer. This the initiated ones
claim to be the correct figure. The san
guine portion of the leaf trade at once
jumped to the following conclusion III
Chicago leaf dealer (cash buyer at that
comes to New York and buys ~ Penn
sylvania of manufacturer at such an
enormous figure, the market must be en-
tirely bare of good stock, and therefore
the incoming 70 Pennsylvania will be
feverishly grasped at, irrespective of price
and terms, by the tobacco famished job
bers and manufacturers. The jubilee
occasioned by this supposed most auspici-
Gus and conclusive event had hardly sub
sided, when the sanguine portion OF
the trade was thrown into another lit
of hilarity and joyful feeling. BY
some means or another it leaked out (and
it remains sombre mystery up to this
hour who started the leak } that one Nike
-, i noted parsonage and leaf packer,
had. by design or accident, shown the
samples of 700 cases OF his '79 Pennsylva-
mia to one Simons, a crOss-town cigar man
ufacturer, and that at the sight of the sam
pies Simons had gone into several convul-
sicns Of surprise and delight; and that
when Mike - mentioned the selling
price of these 700 cases of tobacco-wrap-
pers, binders and fillers-to be 22
cents Simons had, without losing
as much as a twinkle of time,
offered 20 cents, net cash, and posi-
lively refused to move from the spot unless
his offer was accepted. But with rcso-
luteness most admirable, Mike - reject
ed the offer; and, if the statements of an
eye witness and broker are to be believed,
Simons is still transtixed to that aforesaid
spot, and all persuasion to induce him to
leave it and attend to his legitimate duties
have utterly and absolutely failed. This
second incident seems to have imbued the
sanguine portion of the trade with
an impenetrabIe feeling of security
for the future, and the predictions of the
U. S. I0Jacco Journal are sneered at with
lordly contempt. Mike -, though, is
now the recipient of considerable blame,
because he showed the regretful weakness
of asking but 90 cents for his tobacco; for
had he asked 80 cents, SimOns would have
offered 30 cents, bought the tobacco, cstab-
lished the market figures for 70 Pennsyl-
vania and might not now he standing IN "a
cellar with thermometer at 30 degrees, or
lower.
And these and similar reports fly
through the market now thick and fast,
and will continue to for some time to come.
The L. S. IObaccO Journal will endeavOr to
lay only actual facts and actual, indisput-
able figures before its readers when tran
sactions in new tobacco are made.
The market remained quiet. Old Penn
Sylvania still moves in limited quantities
at unchanged figures Old Ohio is in bet
ter demand, and quotations run from = to
II cents for running and IL to ID cents for
wrappers. The purchases of new Ohio at
good figures in the country continue, and
much speculation in being indulged in as
to the cause of these purchases. Initiated
ones hold that Germany will, before
long, establish Government tobacco
monopoly and will purchase all stock i'll
the hands of dealers and manufacturers.
Very little is being done in Connecticut
tobacco, the stock in holders hands being
small and without assortment. Seconds
sell at u to IA cents wrappers 25 to 32
cents. Wisconsin moves slowly in small
quantities. The quotations are: 9 to II
cents for running; Is to 90 cents for
wrappers. The sales for the week were Us
follows: II Pennsylvania, 135 cases; '7S
Pennsylvania $50 cases Qast weeks fig
urcs): '1S Connecticut, 135 cases seconds
'1S Ohio, 80 cases rs Wisconsin, 1G1
cases. Havana is moderately active, the
firmncss in prices previously reported be-
ing well maintained. Sales reached about
$40 bales.
Cans Report.
Sales of seed leaf tobacco reported by
J $. Cans Son & Co., tobacco brokers,
Nos. 81 and Sc Wall street, New York, for
the week ending March 90, 1880:
900 cases 1878 Pennsylvania, filters, 9i(G
10!c. q; assorted, 12M19c. $50 cases 1878
New England, seconds, 1O@12sc. wrap
pers, 15(d,22c. 100 cases state, 7G,11c. Sc
cases 1873 Ohio, SC. 2l0 cases 1879 Wis
cousin, Havana seed. 1Sc. 100 cases 1878
Wisconsin, 7(a14c. Total, 1,516 cases.
Market has shown an improved demand
from manufacturers.