Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1881-01-24
Leaf Tobacco.
TIE NEW YORK MARKET.
Beed Leaf and Havana for the Week En-
ing January ~.

seed Leaf and Havana for the Week End
ing January ~.
U. 9. Tobacco Journal
It would be sheer nonsense Or barefaced
untruth to claim ability to give correct
statement OF what was really sold in the
market. Much was sold. That we can
vOuch for. From the mass Of reports we
can estimate the sales Of the week to have
been over $500 cases. If the many state
ments made were based upon anything
like fact, there must have been a general
ferocious attack by purchasers upon 10
Pennsylvania this week. Nearly every
one is credited with having bought moth
ing but that crop. Regarding figures,
buyeiS must have been totally Indifferent.
Hundreds Of cases of State, Wisconsin and
Ohio, not to sayanything about ''boarder"
tObaccos, were ruthlessly robbed of their
proper names and gained publicity as 70
Pennsylvania. This is not to say that
sellers represented these goods to be Penn
sylvania, but buyers did not object to
have their purchases of cheap leaf called
10 Pennsylvania, and sellers not alone did
not trouble themselves to contradict it:
but holders of 70 Pennsylvania used the
exaggerated and mildly termed } trans
formed statements (mostly made by''wild-
cat leaf brokers) to create the impression
that 70 Pennsylvania vas galloping out
OF tho market and that prices for what
would be left were bound to rise enor-
mously.
That there was an increased demand for
70 Pennsylvania is indisputablc. 1t is
also undeniable that its prices have some
what advanced. For the past two months
VIC have cautioned our readers against en-
tertaining the idea that fall in figures for
this tobacco could occur. Packers Of it
never expected to see it marketed at any
thing less than 2j cents for fine running
lots. What the United States Tobacco
Journal did in dissolving that expecta-
tion, and thereby bringing those tobaccos
within the profitable reach Of jiobbers and
manufacturers, need not he reiterated.
But when this tobacco had sunk to reason
able figures, the outlook became such (es-
pecially by reason of the Indifferent if not
thoroughly bad state Of the 80 Pa. CROP
that no further reduction in figures could
be expected. This paper then plainly told
its readers SO. As the season advances
fine 70 Pennsylvania will become scarce,
and naturally holders are entitled to larger
figures but the SO vigorously and pub
licly declared idea of holders that it will
reach fancy figures is unwarraEted. The
calculations are that not one-half Of the
70 Pennsylvania has as yet gone into the
hands of manufacturers. There is an
abundance OF fine stock in the 10 Connec-
ticut and as to the stock for low grade
cigars, there exists an extraordinary sur
plus. For the reasons above given we re
frain from specifying the sales of the
week. Figures for all other tobaccos than
10 Pennsylvania remain unchanged. The
fact that one lot of 100 cases of the latter
sold at % cents, warrants its being spe-
cially mentioned. Fine running lots Of the
same crop may he had 1T 10 to 20 cents !;
medium lots range from Is cents and up
ward, and low are in abundance at 12
cents and upward.
Havana-The market has again been
very active. Manufacturers bought more
literally and prices Of 30 are. i; not adj
vancing. very firm. Fin" .:r.i; is being
carefully looked for, ali eco 'ales Of
Vuelta Abajo realized sl.;S; Tor smaller
vegas as high as S1.s5 were i::.l. For
Remedies the figures rang" ;:c", % cents
81.
Advices from San Franciscls have it
that Pennsylvnia wrappers arc fearfuliy
off color; cases that ought to yield 1900
wrappers will only yield S, 900 or less. The
reason there are no large sales of wrappers
is on account of the color. The price of
leaf is likely to remain high all the year.
as manufacturers will have to use a good
deal more of it than they would if it were
good.
Gans's Report
Sales Of seed leaf tobacco. reported by
J. S. G;,ns's Son & Co., tobacco brokers,
Nos. 81 and sc Wall street, New York,
for the week ending January "a, 1881 :
1900 cases 1879 Pennsylvania filters, 81 ;;
assorted, 12@12c.: wrappers. 1s@ Acc
200 cases 1879 New England seconds and
wrappers, lea 37l &C.: $50 1879 cases state
fats p. t.: 400 1879 Ohio 7G!3c; so 1879
Wisconsin, "a 121c.: total, 2, 400 cases.