Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1882-06-06
THE TOBACCO MARKET,
Trans scliOEs for tho Past Weok-Tho Dall.
est Month of the Year IN the Seod
Leaf Business.


1t is absolutely unexplainable. Duller |
than at any other time in the present |
year has the leaf business been during the |
month just past. And here comes the
revenue receipts for May in the two great
est districts in the country (Seeond and
Third New York; showing an increase of
nearly eight millions of cigars sold. The
large cigar manufacturers almost shun
the market the small ones have too little
money and trade, and jobbers buy only
from hand to mouth. This state of things
has now lasted SO long that a change is
bound to come very soon. Stocks in man.
nfacturers' hands are nearly exhausted
any further increase in orders for cigars
will force them into tho leaf market.
This event is being looked for with a
great deal of eagerness-in fact, too much
of it. There is an immense stock of seed
leaf on hand. There arc some 90. 900 cases
of 80 tobaccos and nearly 300, ,0eO of '81.
The first inquiry will be for old. If reason
able figures prevail every pound of it will
go. If holders, especially those of Penn
sylvania, persist in asking high prices,
they may lose last chance of at least
coming out Of the lGl without black
eye. We venture to ,:y that there are in
the New York MARI! Ore holders of new
tobacco (at this pc.y'; Of tie yc:.r) than
there were ever beire. Nearly every
house has packed '6J Iobaccos, AID nearly
every one has an assortment Of the various
crops. Everybody likes to be the first to
Sell out. The long spell of dullness has
discouraged many holders; many need
moneJ; many fear a break in prices.
There fore a finn chance exists to buy low.
When an excl. -lent sets in courage is
regained and "i,&ky holders become bold
again. II is :sr"a rent that money will be
lost by many .:olders of new tobacco.
Some of the stocks thought to be without
a blemish some months ago have under
gone q serious change for the worse. 1t
would be an injustice to holders here to 20
into particulars ut this comparatively early
date.
In the new Pennsylvania very little fine
is to be found. 1t can be safely asserted
that there are not half dozen houses in
this market that have clean, uninjured '81
Pennsylvania tobacco with q sufficiency
of fine wrappers in a hundred cases.
Those that hold fine lots will probably
make a little money-not much, because
Wisconsin and certain portions of New
York state. are dangerous competitors.
Besides this, it is too late in tho season for
holders Of new tObaccOs to be stiff in
, prices. The plants Of this years crop
show beautifully and bespeak an enormous
yield. There must be an outlet found for
it If the elements permit it to mature.
Sumatra, too, again is increasing in favor,
and increased impOrtatiOns add to make
it, if not formidable {. by no means i'll
significant competitor to seed leaf. Taking
all these facts into consideration, it seems
as if holders of new tobaccOs are not ex-
actly on the road to fol tune this year.
The sass OF the week VIC quote rs fol-
lows
Pennsylvania-Crop 80: 45O cases
filters, to cents wrappers, 80 to AZ
cents; medium running. 13 to 1G cents.
Connecticut-Crop 80: $50 cases, most
ly wrappers, 81 to As cents.
Ohio-Crop 80: 700 cases partly for
export, at to 6 cents good running, TO
50 cents.
Wisconsin-Crop 80: 100 cases running,
Q cents.
Havana-Quite active. For fine stock
there exists q good demand. Sales, 900
bales. Holders of fino 80 stock arc asking
from 20 to 80 cents IN bond.
Cans Weekly Report.
Sale of seed leaf tobacco reported by J.
j. Cans Son & Co., tobacco brokers, No.
131 Water street, New York, for the week
ending June 5, 1882.
$50 cases 1880 Pennsylvania, filters,
G@64c. wrappers, 1G@3Oc. !; els cases,
1881 Wisconsin, Havana seed, p. t.; 100
cases 1880 New England, wrappers, 13@
30. $50 cases 1880, Ohio, 444g9c. Total,
S13 cases.
The Local Tobacco Market.
Everything remains very quiet here at
homo. In old tobacco there ia almost
nothing doing. Here and there purchases
arc made of the new crop, in small lots, at
prices as low as 9 and 2 and as high as 20
and 3, these prices representing the top
and bottom of the market. The following
l.. X. Reager, Ii acres, to Kendig & Co.,
at Is, and 3 Joseph Styer, II acres, to
same, for 20, Z, z, and 3 S. S. Wiser, 2
acres, to same, at 164, Z and 5.
Little can as yet be said of tho coming
crop. The unusually untoward weather
has kept back the young plants, and the
frosts killed not few of the early ones.
so that although the first week of June is
almost past not one tenth of the plants arc
as yet set out or fit to Set
j. w. Reynolds of Port Deposit, Cecil
county, Nd, set out 5000 tobacco plants
on the 18th of May, and wants to know
who can beat it in Lancaster county The |
plants were all raised in an opcn bed. In
this part of Maryland is rs good land for |
tobacco as in Lancaster county, but the |
people generally are afraid to risk the
cultivation of tobacco.
Tobacco Notes.
The York Dispatch states that L, ID !
kcndig & Co., of this city, received in |
th.., borough few days since from
farmers one hundred wagon loads of
tobacco. It was placed on cars at the
station and filled five freight cars. The
weight was from co. to 90, 900 pounds.
Z. Rosenwald & Bros, dealers in leaf
tobacco at LAT Water street, have sued
Oscar Hammerstein, the editor of the u. |
S. Tobacco Journal. for damages to the
of s25 900. The cause of activu is
a report Of the market written and pub
lished by defendant on February II last,
and which the plaintiffs claim to have in
jured them to the extent named.
The gist of the alleged libel is to the
effect that one tobacco firm in New York.
(names not given), hold largo Quantities
of the unpopular and "unreliable
1880 New York Big Flats tobacco. and
Z" by clumsy trickery and the aid of flunky
brokers have tried to make it appear that
they were selling it in large lott" whereas
it is what is commonly called "sticker." "
The offensive article continues "The
people who, under the guise of assumed
resort to low commercial
jugglery to fOist valueless, not to say
dangerous, article upon unsuspecting
and jobbers, and thereby
cause their ruin, are no better