Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1882-07-03
THE TOBACCO MARKET,
TRADE IN SEED LEAF ANE HAVANA

For the Week Ending saturday, July !,
10 A. N.
U. s. Tobacco journal.
At last 81 tobacco is beginning to move.
seconds were sold to jobbers
in considerable quantities at little better
than last years figures, the tobacco being
more sound and more leafy.
The settlement of the tax question was
received in the market with much satisfac-
ton and heavier investments than hereto
fore on the part Of large manufacturers
are expected to take place soon.
If holders of old Pennsylvania would
offer their stock at low prices, sales could
be made instantaneously. The situation
can be gathered, SO to speak, in nutshell.
There is great deal Of old tobacco on
hand. In few months the new will be
ready to be worked. The old tobacco is
no better, if not a great deal worse, than
the new aud as long as holders of old
insist upon asking high figures, SO long
will manufacturers and jobbers only buy it
in small lots to tide over till the new is
open for inspection and ready to work. 1t
has been game Of chess between manu-
facturers and packers for the past four
months and holders arc evidently beaten.
They are at the mercy Of the manufact-
urers now. 1t is plain and true. If the
new tobacco showed any trace of deterior
alton, holders of old might have a chance
to sell, if not with profit, without loss.
The new looks better, far better than the
Old-Pennsylvania, Wisconsin, State and
Connecticut, The prices are comparatively
not too high, and therefore only wOuld-be
investors with child like manner and
more money than brains will buy the old
stock at present figures.
The sales of the week were as follows: !:
Pennsylvania-Crop 80 400 cases, 12G,
16c.
Connecticut-Crop 80: 12O cases :;
wrappers, SOC. Crop 81 1,700 cases ;
Wisconsin-Crop 'si go cases, s.c.
Ohio-Crop 81 $50 cases, 5@Sc.
Havana-Very active. Sales 200 bales
Price unchanged.
The Local Tobacco Market.
Not moro than 100 or 12O cases of the
crop of 1880 has been sold in our city dur
ing the past week, and all of it on private
terms. There have been very few pur-
chases of loose leaf during the same period,
and 10 deliveries that VIC have heard Of.
Buyers from New York and other cities
have gone home to celebrate the Fourth OF
July.
The prospects of the crop of 1882 are far
from flatteiing. The late period at which
spring opened kept back the plants, and
the weather during almost the whole sea-
son has been unfavorable for their growth.
Thousands Of acres have been set
out, but so destructive have been
the cut worm and 50 unfavOrable the
weather for planting, that from nearly all
sections of the county We hear of farmers
who have been obliged to plant two,
three and even four times in succession,
and who, even at this late day
are not yet done planting. A gentleman
who travelled through the eastern section
of the county within a few days past gives
it as his opinion that one fourth of the
ground prepared for tobacco is yet un-
planted, and that tho fields in which the
planting has been finished present 4 very
unproalising appearance, most of the
plants being scarcely visible. Some very
early planted patches look we'll, but these
are exceptions to the rule. A gentle rain,
lasting for two or three days. and
that very soon, is absolutely nee.
essary for the safety Of the
crops. Few farmers will risk setting ont
plants after the 4sh of July, and We have
heard of quite number, who, having be-
come disheartened by unfavorable weather
and the dcpredariOns Of the worms,
have planted their tobacco land in corn o,
other crops more certain, If less profitable,
than tobacco.
Cans Report.
Sales of seed leaf tobacco reported by
]. S. Cans Son & Co., tobacco brokers
No. 131 Water street, Now York, for tn.
week ending July 8, 1882:
$50 cases 1880 Pennsylvania to 2Oc
$50 cases 1881 New England, seconds, II tt
l2 15O cases 1880 New England wrappers
IA to 35c 600 cases 1880 Ohio So to &c.
80 cases 1880 Wisconsin Havana seed, p
t, Total, 1000 cases.