Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1882-12-18
TOBACCO MARKET.


For tho Week Ending Saturday, December
i6-Business Nearly at - Stand-siiIl-
The Impor rtation of Sun,atrs.
". Tobacco Journal
The most thorough canvass of the mar
ket ouiy brings To light sales OF about 600
cases. Manufacturers are staying away
entirely. Jobbers here and there pick up
q little lot that is fa.ed ut a sacrifice.
There never has been much busint IS trans
actsG III the Latter part Of December III
any year i'll the plsE, but such au almost
perfect stauti-Stili of trade has not been
Known for many years. Evidently tho
meln oeIs OF the industry IV0 imbued with
the idea that reduction of the tax, if no.
its total abolition, is inevitable. Congress is
bound 10 take some acIibI ON this measure
III L lew weeks Granting that reduction
or abolition is already an established fact,
the question arises how will it affect the
leaf market: VIII it briIg q rush of new
buyers to the market and favor ti,c prices
of leaf?
There certainly will DO great maj.
buyers in the market alter tho tax ques.
ton is settled there will be good maay
buyers in the market alter January L.
The stock in the hands Of manufacturers
is not large. and cigars are consumed
whether the tax is six dollars OF six cen,~;
but there also is /. great deal of seed leat
tobacco III the a,ket, both tins and poo.
and holders have paid large figures for IL.
Every day it remains uESoid its cost is
increased.
Now come c:rGoeS of Sumatra. Ii IL
calculated that nearly . 900 bales Of Su-
| matra will bo offered in this market in
January. The competition between hold
ers, coupled with H. Ic4r 81 ION OF duty,
Will tend t. ;ri.,, Ais stUvn still mor.,
! thaa 1T pirSr!.i iu:a popularity in tho
| trade And TIL, Is v lat .larkens even tha
| brightest prospects f.. u" leaf trade in
! future. SIna;ra lc,t It Il = the hopes Of
realizing auy pIyIn:, Il, ,sn:e> Tor so Or 81
seed leaf tobacco.
| Among the week 5 sales were 400 cases
of 81 Ohio, at ). to 4 cents ior low grades.
&c and Sc, for medium, and good running
There Were also soi, 100 cases oi 81 Con-
necticut, at t.; tO21 ce.4.S amd about 2to
cases OF 80 Pennsylvania at $ to II cents,
The remainder "f the 80 Pennsylvania liz
this market is reported to be- "f very poor
quality and yield.
| SUMATRA-Market quiet. Sales lIo
bales. Prices unchanged.
| HAvANA-Markct qn:e!. Sales go
bales. Prices firm.
| OonS Report.
] Sales Of seed Leaf tobacco reported b. J..
s. Cans Son Il Co., tobacco brokers, No.
131 Water street, New York, for the week
ending December IS. 1889:
100 cases 1880. Pcnnsy ivania, SiH!3 ::
100 cases 1891, New England, 1a,dast :;
$50 cases 1891, Ohio, 34M7; 100 cases sun
dries, 3W1S. Total, 7GD cases.
| Ihe Local Tobacco Market.
An.sher quiet week in the trade, aad it
will continue quiet until after the holidays
at least, and for still longer time unless
Congress makes Z speedy settlement OF the
tax question.
Sinca our last report We have heard q!
the sale Of only about 200 cases OF the
crop of 1880 still smaller quantity "l
1891, and a few small crowings Of 1882
With the exception OF Mr.. Brownstei:,, Of
California, who continues to buy the III, "
crop, We hear of no dealer vino is G,:f,r
inoIe than to pick up few odd lots ia
which there appear to 6e bargains. As
yet very little o! the uew crop has beef,
striped, and the weather is very uniavnr-
able for stripping it. After New Ycai
we hope to have more favorable reports iu
make.