Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1881-09-05
TOBACCO MARKET.
SEED LEAF AND HAVANA.
For the Week Ending Saturday Septem,,e
3, 10 A. N.

3, 10 A. N.
U. S Tobacco journal.
While the week just passed was not as
turbulent as the previous one, ana calmer
reflection in a measure toned down the
high strung expectations of holders Of 70
and so tObaccOS, matters are neyerthe-
less in a condition which friShten pros
pec:ive buyers from the market. In conse-
quence of this transactions were not as
large as might have been expected. 1t is
more than improbable that prices of leaf
will go down for the next twelve months
to come Time and time again of late we
made this assertion, and subsequent facts
have borne them out. How buyers
can avoid paying the now higher figures
later Oh VIC fail to see. What may be
dear to. day may he still dearcr to morrow.
There is but one limit to the asking of too
high figure (say, for instance, anything
much above 50 cents for fine wrappers),
and that is the presence of Sumatra TO-
bacco ON our market. 1t will take the
place of fine seed leaf and prove a most
powerful competitor to holders of high
priced seed wrappers. The usul complaints
Of manufacturers and jObbcrs who take
their supply from packers that the latter
arc again buying too carly and paying too
much for the new tobacco, arc being heard
now stronger than ever, and the tobacco
press is being continually asked by them
to dccry the practice and denOunce those
concerned. lit is taken into consideration
that the crop of 'Sl is no larger than Of
70 and 80, that the consumption is in
crcasiDg, and that the stocks on hand are
hardly much above home demands, tLesc
early investments Oh part of packers can
not be called unbusinesslikc nor do they
deserve to be SO stigmatized. 1t would be
more to the interest ofjobbcrs and manu-
facturcrs if leaf could be kept down to a
low range of figures, but can one individ
ual packer, under the above noted circum
stances, afford to wait until the farmer is
ready to sell at low figures
The packers of leaf arc not All harmo-
nious unit that will freeze the farmer into
tobacco severely alone till late in tho win
ter or early in the spring. TO buy the
best crops packer must buy early, pro-
vided tho prospects for profitable sales are
good. The complaining jObbers and man.
ufacturers must admit that the prospects
are good-unusually good-and hence the
packer does, what they as good business
men, would also do were they in his place.
The sales during the week were some
thing unusual in point of routine. so
Ohio took the lead in the market, about
1,2OO cases having been sold mainly to
manufacturers i'm this city 1T from . to II
cents for running, and about IS cents for
wrappers. Next come sales of about GOO
cases 80 Pennsylvania at from 1G to 20
cents for medium and fine running. Wis
cOnsIn Havana, ETC., were sold about 700
cases at private terms. $50 cases 70 Con-
necticut wrappers were bought at about 80
cents ESQ at least interested parties say).
Outside of these, 200 cases of 80 COnnec-
ticut seconds sold at Is. cents.
Havana-A very active market. 80
Havana sells more readily now than ever.
Most of the sales of 1 400 bales made this
week were of the 80 crop figures are adj
vancing.
That Parental Feeling for Tobacco
Growers:
journal.
1t will be seen from correspondent in
another column that ono of New York S
leaf merchants and packers, Mr.. Bunzl,
has in All open letter advised the farmers
of Pennsylvania to ask 4 deposit Of 500 to
$50 per acre from purchasing parties. Mr..
Bunzi holds that through this the farmers
are protected against the whims of ire
sponsiblc purchasers ut tho time they
deliver their crops to the warehouses. Mr..
Bunzl's heart just now evidently needed
an outlet of some of its goodness, and the
farmer has been made the willing or un-
willing object but not alone his heart he
taps, his gall too he permits to overflow
upon the unsuspectiug competitors in the
field. OF late many new and young tobac-
co houses have made their appearance in
Pennsylvania rs prospective packers of
tobacco. For many years previous to this,
but comparatively few firms. among which
is the one Of Mr.. Bunzls, bought up the
Pennsylvania crops and consequently
bought them at low aud profitable rates
from farmers. The new comcrs created
new competition, and if anybody, the far
mers had the benefit of it, and the profits
of the few pioneer packing houses were
somewhat curtailed. Mr.. BuDzPs Outpour-
inSs, therefore, arc not at all to the interest
of the farmers, but an undisguiscd slur
upon the character Of his competitors.
Cans Report.
Sales of seed leaf tobacco reported by j.
S. Cans Son & Co.. tobacco brokers, No.
131 Water street, New York, for the week
ending September ), 1881: 600 cases
1880 Pennsylvania, 1870 zoe 200 cases
1879 do, lea 3jc 900 cases 1880, Ohio, ia,
1Sc; 200 cases 1880 Wisconsin, Havana
seed, p. t.; 80 cases 1880 New England,
11@12tc; 100 cases 1879 do, 1G(d, zoe
100 cases 1879 State, y. t. Total, 1850
cases.
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