Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1882-12-04
THE TOBACCO MARKET.
TRADE IN SEED LEAF AND HAVANA.

TRADE IN SEED LEAF AND HAVANA.
For tho Week Endin: Saturday December
2, 10 a. M.-Tho Over-stocked
Cigar Trade.
q. s. Tobacco Journal.
We were unable to trace any other sales
than about 1, 200 cases of 1880 Pennsyl-
vania. The main buyers Of it were an cx-
tcnsive uptown manufacturer and one or
two California manufacturers. The prices
realized were between 8 and Is cents. If
reports are true some of the sellers shed
tears while closing the contracts.
Tho situation is extremely dreary. The
estimate is that the 80 and 'Sl tobacco
now on hand number $50, 600 cases. Tax
ing last years home consumption as a
guide, we use in this country 22j, 600
cases. Now, what with the coming large
importation of Sumatra and the slight
chances for export of seed Leaf, the out
look is. to say the least, highly uncom-
Portable.
Sumatra-Sales 1870 bales. They were
merely "hand to mouth" sales /: loves;
price, 90 cents highest, $1.4O.
Havana-Moderatelya active. Sales 400
bales, mostly in small lots to nianu!ac-
turer. Prices unchanged.
The Cigar TradeS Inactivity.
The sudden cessation of activity in the
cigar trade is generally ascribed to the re-
newed agitation of the tax question.
That, at any rate, is tho reason given by
most manufacturers who are asked regard
ing tho condition of business.
This reason, however, is only correct in
part. Many portions of tho country are
actually overstocked with cigars, which
has more to do with the present state OF
trade than the tax question, though the
majority Of manufacturers will not admit
such to be the case. They have, for some
reason or other. al intense dislike to
acknowledging that it is possible to over
stock the country with cigars, and it is
only occasionally that ono can be found
who will openly avow that such can be IN
is done. Statesmen who have recently re.
turned from very long trips confess,
though generally with great reluctance,
that the trade is overstocked.
As regards tho South, an additional
cause of the dimunitiOn Of business there
is the difficulty experienced in making col.
lectiOns. Money comes in slowly from
that section, and there is no inclination to
extend credits even if parties located
there willing to purchase and increase the
large SIoCkS AiEcduy OA AssEu.
Tho same remarks apply equally as
well to many parts OF the West. The
northwestern country, however, is an cx.
ceptiOn. oTrade there is fairly active and
money seems to be plentiful.
As far as New York city is concerned
thero can be no dispute regarding the
stagnatlon Of trade. The internal revenue
receipts for November prove that conclu.
Sixa1u anI fIlof hot hoe i,,HaaI
fallen out of the long extended "boom.'
The drop in the receipts as compared will
October represents the enormous nIm bel
of 12 GS1, 600 cigars, and 1883, coo les.
than in November, 1881. TITO creates,
sufferers arc said to be the extremely
large manufacturers, the small to medium
manufacturers continuing to do a fair i
not active trade. 1t is, then, no wOnde
that most of the former have reduced
their hours of labor about one half. Their
is no reason to believe that there will bt
any improvement in business before Jan
uary l. Indeed, tho prospects are tina
great activity will not again prevail be
fore spring.
Business has also fallen off in cigarette
and manufactured tobacco in this city Il
the extent, according to tho tax receipts
Of 6, AS, 900 cigarettes and 1903 pound
of manufactured tobacco, as compares
with October.
Cans Report.
Sales Of seed leaf tobacco reported b.
J. $. Cans Son & Co., tobacco brokers
No. 131 Water street, Now York, for th
week ending December 4, 1882:
LOO cases 1850 Pennsylvania, 3Tfi;
$50 cases 1881 New England, 131I3jc
100 eases 1881 Wisconsin, Havana <aed
pit: 100 cases 1881 Ohio, ji:. To:a'
1,4jO cases. Market dull.