Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1881-08-30
LIVELY.
THE BOOM IN TOBACCO.

THE BOOM IN TOBACCO.
Thousands of Cases Of the Crop Of 88l Al
ready Purchased At High Figures.
The Oldest inhabitant has no recollection
OF such boom" in tobacco, as is nov
prevailing in this county. Scores Of buyer
from abroad are in the field, securing th
county from end to end and purcLasin,
fine lots, at prices that month ago wOult
have been deemed exorbitant, if not fabu
I0us. One small patch is reported to hav,
been picked up at so cents through. A re
putable buyer assures US that he has paid
as high as ID cents pound for wrappers
and we have heard of none being sold fol
less than 20 cents-tbc average being Ger
tainly above % cents, with prices going up
Until the farmers got hold of the Ian.
caster newspapers of last week and were
thus made acquainted with the anxiety ol
the buyers, they were somewhat reason.
able in their demands, aud disposed of
their crops at 90 and % cents for wrap
pers; but since that time they scarcely
know how much to ask. We hear of one
farmer who was offered 30 cents for his
wrappers aud refused to sell whereupon
the buyer asked HIM how much more
would buy the crop. The farmer didn't
know he wanted time to consider, where
upon the buyer, to show his contempt for
the farmers greediness, asked him if he
would take "99 cents through" The
farmer who couldn't sec and didn't sus-
pect that he was being guyed, said he
would wait a few days longer before he
sold! He will probably wait good while
DsfOre he gets One-third the sum above
named.
Still fhnro i..n 81 ..c
the "boOm", and it is believed that more
than s, 600 cases of the crop has been al.
ready sold. 1t is estimated that Rosen-
baum, wh6opened the ball, has already
secured from 600 to 800 cases Joseph
Meyers Sons, from 400 to 500; Teller
Brothers 400; Lachenbrucl 800 to 400 ;
Gershcl brothers 800; N. Levin from 200
to 300; +. Spangarn 200 to 300; Falck
200 to 300; Lederman 200 to 800; Pretz-
field 100. A dozen other buyers from
abroad have secured smaller quantities
ranging from 10 to 100 cases. Some Of
our home buyers have also bought con-
siderable quantities. Skiles & Frey have
secured 200 or 800 cases Charles Schu-
bert, II. Ii. Brubaker, DR.. Weist ard
others each 100 cases or more, and several
others less quantities.
On the other hand many Of our home
buyers and some from abroad havo not
bought pound and they say they will
not buy pound of green tobacco. They
anticipate great deal of trouble between
the buyer and seller Of green tobacco when
they come to settle and they also expect
very great decline in prices after the
present craze is over. They argue that
not more than 5000 or G,00O cases will be
taken ut the present runOus prices, after
which there will be lull in the market,
and they can enter the field and buy all
they want at much lower rates than now
rule. They estimate the total crop of the
county at fully $4,000 cases, perhaps 4O,-
the 5000 or G,OOO cases now be-
ing gobbled up will not make such very
big hole in the crop after all.
In he meantime the sampling of the |
crop of 1880 is going on actively and gen
orally satisfactOrily-c little
'' damage being discovered except
IN unusual extent.
Df the crop of 1881
Emil. j.. Hambright, of West Hempfield,
has sold II acres at "a, 10 and 5; G. w.
LOcher, city, has sold small patch of
ew hundred pounds to Amos Fenstcr-
nachcr for 80 cents through.
Edward Burk, of the New York To-
'accO Leaf, is in town to take look at the
tobacco crop and tho general situation of
,ffairs-and to find out, if he can, what is
the meaning of tho " big boom.''
Sales OF Tobacco
VIM. A. Morton, city, has sold his 1881
crop of q acres to John Mclaughlin for
e5i Is and 5.
Christian ID. Singer. Salisbury, has sold
half an acre to Jas. Eaby at 25, "A, and
T.
John M. Scatter, of Salisbury, sold to
same purchaser half an acre at q, IA: s
and 4.
Around Terre Hill Frank Flickinger
sold his crop to Skiles & Frey for 25, 9 and
3. ID. Shimp received from the same
party -, 8 and 3. ID. Wcnger & Gehman
obtained big prices. IL. Weaver was
offered sS for his wrappers, but refused TO
sell.