Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1881-10-04
LOCAL INTELLIGENCE
THE LEAF.
THE TOBACCO MARKET.

THE TOBACCO MARKET
Buyers Busy-SeIlers smillnG-Crop, Curing
Cspitslly.
Tobacco buyers continue active, though
the amount purchased during the pas!
week is not 50 large as during 4 few pre-.
ceding weeks. The reason is that first
class leaf is becoming scarcer, or is held
at figures considered exorbitant. Even
medium leaf is held ut figures that first
class leaf seldom brings. The "cipilerers y
differ as to the amount of 81 leaf already
purchased =: some Of them placing the
total at less than $1,000 cases
and others at more than 10000.
Herbs Il SPIsss, through their active agent,
Dan Myer, are still at the head of the list
of buyers. 1t is believed they have secured
$500 cases or more. Of Lancaster county
leaf. Rosenbaum has ever 800 cases
The Tellers nearly as much. X. II. Bru.
baker, Skiles & Frey, and 4 dozen other
buyers are credited with double figures,
while there are numerous others holding
from 100 to 800 cases. 1t would appear.
therefore, that the estimate OF &c, 900 cases
sold is rather under than over the mark.
Since prices for good leaf have run to 30
cents or more, there is some growing
among farmers who sold at 90 or less. and
it has been said by some OF them that they
will assert their tobacco with view of
increasing the quantity Of the wrappers 20
as to make up what they think they lost
by sellin. too low. No honest tobacco
grower will think of doing such 4 thing
Every farmer will find it to his advantage
to live up strictly to his contract If he
attempts to evade it he will not only
weaken his own reputation among dealers,
but he will find that they will combine
against him, and instead Of proiiting by
his sharp practice the former will find him
self a loser. Honesty is the best policy
for buyer and seller.
The new crop is all housed and is reported
to be curing better than the crop Of any
preceding year, it's color, condition and
aroma being almost faultless.
There has been a good deal of activity
in old tobacco also-sOme 200 or more
being sold on private terms last week.
The prices arc not 50 high as those ruling
for new tobacco.
The New Market.
The Journars report for last week is as
! follows:
The unprecedented activity in our mar
ket continues. Although the sales of the
| week do not reach as high y figure as those
| Of the previous one, no less than ), 800
cases were reported as having changed
hands. The unusual feature in these trans
| actions is the sale of 600 cases New York
state Big Flats. This style Of tobacco lns
| being lying dormant, while in all other
crops the greatest activity was going On
The present desire to buy everything an'l
! anything has at last brought out purcilas
ers Of this much neglected stock, and
holders, making the best Of the fortunate
! tide, closed ouL 500 cases at figures re-
portel to be in the ncigilborhOod of II
cents, figure bearing but little, if any,
profit to the sellers. Connecticut, as VIC
| often predicted, has at last come in for its
share Of deserved attention. The tobacco
is looked upon very favOrably now by
manufacturers and .iObbers, and the result
OF the week was sales of nearly /, 800 cases,
mostly wrappers, at prices ranging between
% to 81 cents 80 Pennsylvania found
buyers to the extent of 5000 eases. The
highest figures paid were reported to be g ).
cents for fine running hundred cases.
Wisconsin and Ohio Of the 80 crop re-
maincd quiet tins week; the offerings are
very small. and the few holders do not
show any desire to sell at present market
rates. Tho outlook remains excellent, and
1T the hour of going to press several large
transactions are reported about to be closed
Havana An exceedingly heavy business
was done last week sales include no less
than 9, 900 bales, mostly of the 80 crop.
There is very little below 30 cents being
offered in the market.