Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1881-01-03

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n. s. &obacco Joszmsl.
. tike It's predecessor, the present week
vas Nithont animation. Nothing worth
spea1ins Of haDspired in the MARKET.
Dealers seemed to have,nOthing else To do
but to take stock and calculate losses. 1t
is likely that the intense cold, which set in
so suddenly, put stop to all transactions,
SO that the close of the year was character
ized by no activity. 1t is to be hoped that
tho present cold weather will kindly con-
tinue for month or two. 1t would prove
the most effective preventive against leaf
packers rushin. into the country and pay
ing extrayagant figures to growers. Con-
tinuous cold weather is also apt to cool off
growers ardOr foc unreasonable prices.
The longer their leaf is permitted to re-
main with them. the more apt are they to
tiOns OF the week were SO small that we
give no summary of them"
Trade Notes.
Cans report of last weeks business was
published in the INTELLIGENCER Of Satnr-
day.
The Italian tobacco contractors have
been in the New York market lately. They
wanted to make a contract for the delivery
VI 1SVOV CttSCS Va oCCI "l0PPClC ~ CCulS
4 pound, to be delivered at some port in
Italy.
AS result Of the persecution Of Jews in
Germany, q representative of the firm OF
L. GrosskOpf & Co., heavy manufacturers
Of cigars and cigarettes ut KOenigsberg,
Prussia, has been in New York lately for
quarters for the transfer of the business
Of hic Hru s,,p pyr,c.i.. 70 hot ola
The Boston Journal Of Commerce reports
seed le4 in that city as in moderate de-
! mand with prices firm, especially for Ha-
vana grades.
In Philadelphis: all kinds of manufacture
The latter, however, are active. and man.
uiacturers claim that the prospects for
1881 are very encouraging. Seed leaf is
quiet and steady. Habana leaf is iu good
demand at full prices.
The shop cigar and bunch makers of the
| iirm Of Herbs & Spiess, to the number of
| 600, and also the tenement house hands of
the same firm, have struck against 4 rc-
ductiOn Of wages.
The government reports show that
S910, 652 40 more revenue Was collected
from tobacco, cigars, &C., from July to
Oct. 81, 1880, than in the corresponding
| four months of 1879.
The Past Year.
The U. S. Tobacco journal las charac-
teristic review Of the tobacco industry's S
experience during the year just closed. 1t
says "That q large business has been
done there is 10 doubt, especially in cigars,
of which. perhaps, greater quantity was
| made and sold than in any previous year.
AS to profit, that is question which is
involved in considerable uncertainty. II
most OF our prominent cigar manufactur-
ers are correct in their estimate, they have
made little or no money. This they mainly
attribute to the "cutting" Of prices, i'm
mense competition having reduced profits
to a minimum. One Of the leading manu-
facturers of the country asserts, for ex-
| ample, that the prominent manufacturers
of the Unitcd States have not, the past
year, made more than an average profit Of
eight per cent. Oh goods sold on time and
only three per cent. Oh goods sold for cash.
Granting the estimate to be true, this,
considering the risks involved, cannot be
called profitable business. Some have
doubtless saved themselves from loss by
practicing economy and keeping expenses
down to the lowest possible point
The Journal declares that TIE leaf trade
has also been Improbable and, of course,
lays the blame to its hobby, the high
prices paid for the 10 cropof Pennsylvania
and the inferiority Of the crop, which it
says has prevented the domestic sale or cx-
Dortation Of the crop. How the new year
may be made 4 happy and profitable one
the astute Journal thus tells
LET leaf dealers exercise greater care
in buying from growers and pay only such
Let cigar manufacturers and jobbers in
manufactured tobacco give up the hurtful
policy Of cutting prices below living
profits. course they have been pursuin.
to a greater extent than ever during the
past year.