Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1883-02-05
THE TOBACCO MARKET.


TRADE In SEED LEAF AND havana.
For tho Week Ending saturday. February
3, 10 A. Min New Iork-The
Local Outlook
L. 5. Tobacco Journal.
In point of sales tue past week has
proved the largest so far this year. At
this period OF the year all sellers are anx.
lous to avoid publicity as much as posi-
BILE, as, in their estimation, reports of
large transactions are apt to rouse the
growers latent avarice and mako him
balky when low figures for his crop are
offered.
The general reports from the tobacco
growing districts are to the effect that
growers are to stiff" entirely, and that
nothing but few more months of total
neglect on the part of the buyers, COM
bined with as little information as posi-
bic from the main market, would reduce
them to a state Of pliability aud elasticity,
mentally, as we'll as physically. Certain it
is that our reports of figures of the sales
OF the week are not at all calculated to
instigate any desire on The part of the
grower to obtain extraordinarily fOrmida-
BILE prices.
The few hundred cases of 'Sl Pennsyl-
vania sold at p. t. Malicious people prob.
ably will claim that if growers of 'S2
Pennsylvania also get p. t. they ought to
be amply satisfied. The market figures
for 81 Pennsylvania are as follows !:
Packiugs from weak, demora'ized packers
9 to IL! cents ; packings from time abid-
ing, stubborn packings, Is to 25 cents.
The remnants OF 80 Pennsylvania sell at
binder prices, viz, E to II cents, with an
exception for an occasional good wrapper
lot at ii to IL cents.
For fine packages of 'S1 Connecticut
and Wisconsin HAVANA seed there was q
good inquiry, sellers realizing prices
which they claim to be ruinous, but
which, in our estimation, may be termed
very satisfactory under the circumstances.
Ii 81 Connecticut wrappers bring from 20
to 80 cents in lots OF 50 to 153 cases from
jobbers, under the present stagnation in
manufacturing circles. it doesn't at all
look as if the bottom is about to drop out
of business.
An encouraging feature of the market is
the sudden good demand for export to-
baccos. The buyers for foreign markets
came i'll with unusual pretensiOns. 1t was
not the low common tillery stock they
We're after; fine wrappers or leafy low
grades they demanded, and would have
bought by several thousand cases at from
) to 8 cents. The market not being dc.
moralized sufficiently, their purchases only
numbered about 200 cases of 'S2 Ohio.
If our market could be relieved from its
immense surplus by an export business, it
would brighten the prospects of all en-
gagged in the leaf business considerably.
The sales of the week were AZ follow
ing:
Pennsyivania-crop' '91, $50 cases, D. t..
Crop 80, 800 cases, at G, $, 10, 12 and IA
cents.
Wisconsin-crop 'S1, $50 cases Havana
seed, at Is to II cents.
Connecticut-crop 80, $50 cases; sec
onds, IL cents : wrappers, 20 to 80 cents.
Ohio-crop 81, 1,4OO cases to 8
cents, for export; 1s! cents for fine wrap.
pers for homo use.
Sumatra-Market moderately active.
Sales 200 bales. Prices unchanged.
Havana-Market active. Sales 700
bales. Prices firm.
Cans Report.
Sales OF seed leaf tobacco reported by J.
S. Cans Son s. Co., tobacco brokers, No.
131 Water street, New York, for the week
ending Feb. 5, 1888:
400 cases 1880, Pennsylvania, 6G14
200 cases 1881, Pennsylvania, p. t. 2O2
cases Wisconsin Havana, 3JM22J; 135
cases 1881 state, 1O(G11; 1SO cases 1881,
New England, 12022t G4 cases 1891,
Ohio, 5Ic. Total, l,1Sl cases.
The Philadelphia Market.
Leaf.
Seed Leaf-Beginning to move with
more spirit; and has the ring of tangible
profitable business. Wrappers are daily
sought after. Pennsy lvauia 1881 is now
decidedly better appreciated, and is fast
| assuming the position where it belongs
Connecticut aid Havana seed have their
| favorable daily inquiries. All have some.
| what stiIfened i'll figures, Filters of all
grades move out III very nice sized lots
and at full prices. Packers are beginning
to look after the 1882 crop, and will buy il
not held too high by the farmers. They
| say Pennsylvania is fine. We shall know
after while. Sumatra is receiving large
share of patronage from some of our first
| class manufacturers. Havana moves off
III very nice lots at usual figures.
What 1t Costs to Raise Tobacco
A New York State Tobacco club, by q
| long and careful comparison of tho state
ments OF all the best and largest prOduc-
ers in the ChemunG Valley have estimated
| that the total cost of raising an. acre OF
tobacco in that district is $l33.75. Figur
ing on tho basis of an average yield of
1 800 pounds per acre, the tobacco costs
eight and nine-tenths cents per pound.
The fact is thus shown that III that part
of the state Of New York tobacco cannot
be grown for less than nine cents pound
and sold at profit. This estimate is for
the cost of growing the large seed leaf va.
rieties, and not of the hybrid tobacco OF
the domesticated Havana seed.
A Hint to the Wise.
Let every farmer who keeps stock make
a water tight cistern in which to save all
the liquid manure made in the barnyard.
Save the liquid manure thereby, and be
benefited by it. 1t is the essence of man
ure, and is immensely valuable if it can be
properly saved and absorbed by dry muck
or some similar material ready to be ap-
piled in al unavailable form. DON'T ler
liquid manure run away to waste as We
have frequently seen it running into
streams from tho blrnyard.
Local Tobacco Market.
The damp, foggy weather which has
lately prevailed gave the tobacco growers
fine opportunity to take their tobacco
from the poles and prepare it for strip
ping, and most of the growers now have
their crops in presentable condition for
examination by the dealers. The increas
ing activity in the New York market, and
the now very generally entertained belief
that Congress will fritter away the few
remaining weeks of the season, without
doing anything that will greatly effect
the tobacco market, either for good or i'll,
has given heart to dealers, and they now