Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1882-10-24

THE TOBACCO MARKET
IN THE LOCAL TRADE.
In New York and rhslsds,phs.
Dull-lSlum & Co.'S FAalure-ksposts.
Of LocAi S.Osses ExasEssossd
Whilst trade in old tobacco looks very
tranquil on the surface, there has beeu
activity In the maEke< Why
it is we do not know, but ssalere ~ par.
charged to say nothing shout
sales, aud to give no Information - ~
who arc buyers. Tho following We vOucb
to be true rs We have tho facts frOW
sellers: From one during the last two
weeks has been pusChased 10 caocs
another sold ON Saturday 1O6 caaes an
other 12O cases. aud 30 ON. We car foot
sold ~ home trade. Altogether tho ssaNe
eases OF ''S) and Of 's'Sl." One packer
has shipped considerable to California.
Prices have been pretty we'll maintained
and sel,ers seem 70 bo satisfied. Ar we
said last week if packings would be
broken to suit buyers evon more business
Would be done. Low grades and fillers
arc eagerly sought for, and good prices
oasred for them, and lots have boon taken
at hieher figures than they could have
heen konobt for some time since. Hold.
ers have stitfened up and prospects arc
favorable to them.
after oil, we bellows that the sSase a1ssS
by it will soon be over, ana snas 80 Ss
Pennsylvania will be the favor'te' IL no'"'
ers will sell at fair prices.
There is NO move in ", noe - r:. sno.'
likely to be for several reasons fst,
buyers are afraid Of it. Sec0ne. iaImos
ask too much for it, and there ID t. . "o0"
old ON hand. ,
We have seen some very beautiful
leaves of it that were badly stem rOtted.
The failure Of l. Blum & Co., of st.
Louis, with liabilities amounting to $780,
600 and assets estimated at about ono half
that amount, caused some stir among the
dealers Of this city, especially AZ the Now
York Tobacco Leaf published list Of the
losers in which David G. Hirsh and H. L.
Stehman & Co.. Of Lancaster are each set
down for $4,000. Mr.. Stehman informs
US that his loss instead Of being $40, 900 il
OUiy LuT00 CsSNcS " Cigar V0IuCu ~ VOOVs
Mr.. Hirsh's loss is five cases Of cigars,
valued ut Sl,5OO. Two Of these cases were
shipped about the time OF the failure, and
Mr.. Hirsh expects to recover them, in
which event his loss will be only sbeat
500.
Tne New YOrk Market.
U. 8. Tobacco Journal. ---=-- .---
There was a falling off in the volume of
business compared with that Of tho previ-
GUS week. Tho strong inquiry for 81
New York state, Wisconsin aud COnnecti-
cut still cOntinues, but transactions vi i'm
portance were only made in state tobacco.
An extensive inspection Of 81 PenDsylva-
mia was made by several large manufac-
turers and jobbers, but sales were small, .
little over 800 cases. The continued
neglect of this tobacco il looked upon by
many who have not as yet had an OppOr-
tunity to examine stocks in the market as
evidence Of its being Of inferior quality.
This view must bo dispelled. The 81
texture, color and yield, it il, N . whole,
that have been paid for it by holders and
the prices they have asked for it 30 far
have frightened away most OF the would
OO UuyOlos 4uVy 0sO AOOtAuS suO sssss nOS
daily for signs of weakness ON the part Of
holders, and if Is tn 20 cents were the
market figures for it to-day largo sales
could doubtless be made.
Iu tho meantime, Sumatra takes its
place. Sumatra il continually growing
higher in price, q fact which but to q
small extent interferes with its ready sale.
That this higher price does not tend to
greatly reduce the volume Of its impOr
tatiOn or to any extent prevent it being
sold in large quantities. again shows how
sOlidly this tobacco has taken root in this
country.
The Gales Of tho week were as follows
Orop '81.
New York; 600 cases Big Flats. n
10 to 164 cents.
COnnecticut-5O0 cases seconds, 13J
cents running "A to II cents !; wrappers,
| 30 to As cents.
Wiscousin-3OOc cases Havana seed, II,
Is and III cents.
cents. low running, ~ to 13 cents
wrappers, 35 cents.
Ohio-1O0 cases, So cents.
Crop Of 80.
Pennsyivania-2OO cases running, III
cents.
Ohio-11O cases; Al cents wrappers,
II cents.
misunderstanding active. Sale,
!, 200 bales. The news of the great de-
structiOn of the new crop has tended to
made holders Of all grades very stiff
Prices, which arc very firm now, viii
doubtless advance.
SUMATRA.-Very active. Sales 500 bales.
Prices are advancing. Fine, dark, and