Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1883-10-02
TOBACCO.
NEW YORK AND LANuAsrEK MARKEr.
Thc Hoom-Gsns' report" Chronic Growi-
era the BrIght Prospects, OF Tobacco
TaN AbuIttion-Tho i.nnCastcr
MnrLnf.

Mnrkct.
I. y. Tobacco journal
The boom Is gonO. IL loft tho market
ON or about Tuesday last. Till thon sOmo
Flats were madc. Artcr that tho market
became opprcssivoly quiet. To this was
added tho depressing report of two
reflections of 50 Pennsylvania, consisting
of purchases made some time ago. AL
though tho whole affair comprises but a
few hundred cases, II illustrates and vcri
tics our predictions of last week In times
of excitement aud of dying reports refer
ring to injury to u growing crop purchasers
are very apt To invest rooklessly. The 50
Pennsylvania certainly is to q great extent
and up to the present time splendid crop,
but II has mass of trash, packed by
speCulltOrs, who do not possess the dis
eliminating tact nor the honesty necessary
for packing tobacco for regular trade. IT,
therefore, purchasers in tho market will
sooner trust to the clustering statements
of mOuntCband dealers struttiug about as
leaders of the leaf market, aided by un
sCrupulOus brokers, thuy deserve to hc
bitten ; and itthcy reject any good after.
ward it is 10y no means sign of the
goodness or badness OF the tobacco they
bought. Whenever, at this time of the
year, such comedian dealer has large
lots of old tobacco on hand, he rushcS
into the country, purchases several acres
here and there, gives staggeringly high
prices TO tho growers, pays his comph.
meutS to the beiuddled editor Of the local
paper, induces HIM to mention these pur-
chases which he claims he made purely out
| of scarcity of tobacco in general aud n
philanthrOpic feeling for the grower, and
then leaves for home, being certain that
the paper containing an account OF his
purchases will rouso the whole tobacco
growing section in demanding such
| figures rs the paper reports. Tho game
generally has a two fold effect. Tho job
Der aud the manufacturer hearing that the
new tobacco is selling at such great fig
| urCs. eagerly buy old tobacco aud mostly
| iudiscumiuately. The solid, honest packer
in order 20 make profit, has to buy 70.
baccD reasonably IN the country. The
| comedian packer has blocked his business ,
the grower. made wild, will not sell rea
| SOnably. He Che latter now begins TO
wait aud wait no does till the end Of the
season, wh6p he accepts an offer aud most
| always 4 low price offer.
We repeat what we have said before a:
| There Is no earthly reason why any other
| than exceptionally fine tobaccos should
| bring high prices. There IL no scarcity
OF seed leaf and uoac there will b. rs mat.
| tCrs stand at present.
Cans Report.
Sales of seed leaf tobacco reported by J..
! ;. Cans Son " Co., tobacco brokers, No.
! l3l Water street, Now York, for the week
! ending October |, 1883:
1854 cases 1852 Pennsylvania, l9 q l9c. .;
| 22O cases 1850 ST Pennsylvania, Sldl2lc .:
$50 cases lSs2 New England, llG?Oa
| 400 cases 1882 state l3!Gn lGc.; 300 lSs2
| Wisconsin l5c.; $50 lSS2 Ohio Sld - !c. ;
100 cases lsSO-Si do. 6ld7c. Total, 3,7ji
eases.
"JhronIc GrowIer.."
| Tobacco Leaf
1t is admitted by eyeryonc-Cxcoptng
perhaps, some chronic growlers-that the
cigar and seed leaf trades are in a healthy
| condition, aud that money will be made
this season By the merchants engaged in
| this line Of business
Tho Bright Prospects OF Tobacco tax AhrIi.
| ton.
| {. :. Tobacco Journal.
There is every indication that the next
! Congress will take up the internal revenue
! system. Mr.. Samuel !. Randall is now
regarded as havi < the best chances for the
| speakcrshiP, aud the programme is known
u be the total repeal of internal revenue
taxation aud no legislation on tho tariff
| JUDGED 1t is this very platform which
| strengthens his chances for the speaker
| ship. As the next House will be Demo
| cratic, he finds strong If not open support
| from all protection Republican members,
aud HIS only opposition comes from few
| Western and Southwestern free trade
Democrats, who would ppe(er to have Mr.
| Carlisle, Oi Kentucky, in the chair, and
under his leadership make an onslaught on
the tariff
For many weighty reasons the majority
Of Democrats are ayerse 10 q tariff debate
in the forthcoming Congress. Tho time il
too near the next presidential campaign,
aud tariff debate means any quality o
presidential campaign material. Expert
cuco has proven that in such debates Tho
| Democrats have always come out second
best. Without going into the politica
considerations which will affect the seec
tiOn of a speaker of the 4Stn congress, il
is safe to assume that Mr.. Randall will bt
chosen TO fill that position.
The Lane tstor Tobacco Market
| reports from the county show that a.
most all the tobacco grown in 1888 is
safely housed, though it was reported t
the agricultural society on Monday that
few lots, slightly frost bitter, remain a
yet uncut. 1t is perhaps too early to tol
how the crop will cure. Growers say tina
it is doing exceedingly well but fcV
buyers who have been pOspeCting decar,
they see good deal of white vein. W.
will know moro about it by tho hOli
days.
2 The crop OF so continues in favor aud il
going off rapidly. Since our last repor
not less than 1000 cases have been sold
, The Messrs. Fatman about q week agC
} sold their entire packing Of 200 cases Il
+. Rosenwa!d n Son. This, together will
ROsenwald's own packings, and few ad
: ditlonal packings purchased by that firm
swell the number OF cases of 80 Pennsyl
vauia tobacco handled by them to tn,
: enormous figures of 10, 700. Other New
York houses are also buying largely.
/ Shindle X Hershey, $50 CoIumbii
avenue, have sold 400 cases of 'S2 TO II
} Kocnig n Co., and % cases of 81 to Kerb
} Il Spess
The sales of 80 and 81 during the pas
week foot up about 600 cases, and al
though tho prices paid are not announced
they are said to ba in advance of those
previously paid, The market for al
grades of Pennsy lyania leaf is regarded a
quite satisfactory. Dealers are coming
ont safely from what was regarded as un
fortunate purchases, at high figures, auC
manufacturers are all busy. On all side
it is hoped and believed that the mex
Congress will wipe out entirely the taxei
on tobacco
SUPREME COURT DECISIONS