Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1883-01-08
THE TOBACCO MARKET.


TS.sDE IN SEED LEAF AND HAVANA.
;ur the Week Ending Saturday. January
6. 10 \. Mine Tax 0uestion-Our
homs Market
Z. y. Tobacco journal.
The year opered with an active market
.ur bargains. Tue trade understands
by bargains" offerings of leaf ON which
holders are willing to lose from 25 to so
per cent, or more. In old goods such are
found rs regards new goods, holders are
very firm. They are waiting for the set
temeut of the tax question, when it is
expected the ci.ar business will open with
4 rush
1t is claimed that the stocks in tho
hands of manufacturers are SO reduced
that purchases must be made and that tho
figures asked for line goods will be paid.
We coincide with this view in some re-
spects, but assert that the purchases will
be So small. from hand to mouth, 50 to
speak, that very little satisfaction will &C.
| crue therefrom to sellers, of whom tho
| number is legion, here as we'll as all over
the country. The surplus Of tobacco is so
| large that nothing but q short crop and
Stoppage Of the great importation Of Su-
! matra can relieve the market aud cause i
rise in prices.
The sales of the week were
Pennsylvania-Crop' so, 800 cases, ut
10 to 13 cents.
Connecticut-Crop' 81, 800 cases sec
ouds, 13 cents ; wrappers % to 30 cents.
Ohio-Crop 80, $50 cases, at 7 cents.
Crop 81, 500 cases, af 81 to 8 cents.
Sumatra-New impOrtatiOns are coming
in rapidly. Tho demand for dark, large
stock is brisk, Notwithstanding the stand
| still of business in manufacturing circles.
The sales run up to about $50 bales, at
from 81 for medium to sl.2O and $1.3O for
fine.
Havana-Ma,ket active. Sales 700 bales.
| Tho Tobacco Tax Muidle.
! No doubt everybody in the tobacco
trade would like to know what will be tho
outcome of the legislation in Congress
affecting their interests. No one will dis
pute that affairs in Washington are in a
wretched muddle. When men in tho
trade disagree, is it any wonder that con-
yressmen fail to understand their wants?
The way the campaign is now being
conducted is adding to the general cOnfu
sion. 1herear three separate and distinct
propositions before Congress-. Many en-
thusiasts are trying to combine the three
into one question, and are thereby mixing
things most beautifully. So different and
distinct are these propositions that We do
not see how il is possible to combine them.
First, there is the tax question. Second,
the prevention of lower duty on imported
cigars. Third, how to increase tho duty
on Sumatra tobacco.
Each proposition has claims Of its own,
and special argument for each is needed
rather than general one. If these argu-
ments conflict the result will be crude
legislation, which cannot fail to be iDju-
riOuS.
We think, hOwever,a "a wise and aggressive
leader who has technical knowledge of
the trade, and who has personal ac-
quaintance with congressman, would &C.
complsh good results.
On next Wednesday the Senate will take
up the tariff bill. When the debate COM
mences it is likely that opinions of men,
ber's will be crystalized sufficiently to
count noses Then there will be some
basis for guessing.
At present everybody is III tho throes
Of uncertainty, with the doubtful comfort
Of knowing that something or other i'll
the way OF reduction of taxes will be had,
but everything is dark in the matter of
lowering the duty on imported cigars and
raising the duty on Sumatra tobacco.
The Philadelphia Market.
Leaf.
Seed Leaf-Cigar leaf is quiet for very
good reasons, as in addition to the tax
question manufacturers are now busy set
tling with the government for last year s
business, and no goods can bo sold until
they are Strengthened and ready to begin
anew Stocks in their hands are light, SO
that trade must be splendid as soon as it
is possible To have our friends in Wash
= iugton announce their determination. Let
it come, gentlemen, as quick as prudent
,, Prices hold fairly steady under the circum
stances.
Uavana-Stocks are fine, and move of
very moderately.
Receipts for the week-12O cases Con-
necticut, 323 cases Pennsylvania, 81 cases
Ohio, 92 cases Wisconsin. 116 eases York
State seed, 140 bales Havana, and 2.SG
hh IS Virginia and Western leaf tobacco.
Sales have been-90 cases Connecticut.
302 cases Pennsylvania, 2G cases Ohio, I'll
cases Wisconsin, 40 cases York State
seed, 60 bales Havana, 26 hhds VirgiEia
and Western leaf in transit direct to man
ufacturers.
Cans Report.
Sales of seed leaf tobacco reported by j.
S. Cans Son & Co., tobacco brokers, No.
131 Water street, New York, for tie week
ending Jan. 8, 1883:
200 cases 1881, New England, 14(G30
$50 cases 1880, Pennsylvania, S4(G12
$50 cases 1881, Ohio, 3s@5i 167 1880
Ohio, 1O4 ; 100 cases sundrles, 3G,17
Total, 991 cases.
STATE OF THE LOCAL MARKET.
O,sratiuus In Lancaster County-Thres
Crops on the Market.
/ While the local markets are not con.
sidered bright the volume of sales for the
; last two weeks compares favorabiy with
any two weeks for long time, though
during this last week the sales will not
reach more than about 300 cases. There
are lumors of other sales among them
the sale within the last few weeks of over
800 cases by Hildebrand, Of New Provi-
dence, who has sold it to several different
parties. Besides this he has sold part of
his 'Sl.
This market must certainly be getting
pretty well thinned out as to go, and still
there are buyers here almost every day
making inquiries for it, and in all proba-
bility it will not he many weeks before it
is out of the hands of the original packer.
Manufacturers need it, and it is for sale.
AS far as 81 is concerned, some few
lots have been sold, but no lots of any
quantity. Big offers have been made
many packers for their short goods, and
some few have sold them out, but not
many. Holders of the crop seem to feel
confident of making money out Of it. On