Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1883-01-29
THE TOBACCO MARKET.
TRADE IN SEED LEAF AND HAVANA.
For the Week Endin: saturday, January
-, 10 a. M.-ln New Iork-Tne
Local Outlook

For the Week Ending saturday, January
-. 10 a. M.-ln New Eork-Tne
Local outlook.
L. s. Tobacco Journal.
Our market remains dreary and dull
The only article for which there exists
anything like bona tide inquiry is Connec-
t;cut, the seconds and lower grades of
which serve for binders, and at from IL
to - cents are considered reasonable when
applied to good cigars. especially those for
which Sumatra is used for wrappers. The
prices at which fine. dark Connecticut
wrappers are held (from % to 80 cents)
axe an incentive to investors. The large
manufacturer is no taker of this stock :;
the middle class is and as this class is
moderately busy, 1T least Connecticut
wrappers sell. But for every other article
in the market not the shadow of an in
quiry existed during the week.
Holders of 81 Pennsylvania console
themselves with that fact. 1t is neither
the price nor the quality OF their stock
that is keeping buyers away from it just
now. The uncertainty of the tax question
is the main cause.
Ia the meantime the 80 tobaccos are
growing into prominence-thatis is, they are
being talked about a great deal; but pack
ers, dissatisfied and discouraged by the
slow and, in the main unsatisfactory, pro-
gress OF 81 crop are not i'll d Eumor to
take hold OF the 80 crop. This feeling is
augmented by the knowledge OF the great
stock of leaf on hand, the competition
with Sumatra tobacco and tho prepara-
tions FOX another crop Of 10 diminished
proportions. Within u few months the
'S2 cGop will be marketable, aud then our
market will offer to the buyers the unusual
inducemcnt Of three crops, viz: 80, 81
and 'S2.
For 80 Connecticut seconds rush is
already being made. Last year the sec
late comers were compelled to take the
time ROW, and sales a5 from 12 to 134
cents are reported from the country.
1t is ludlcrous in tho extreme, to sec
most of the press in tobacco growing dis
tricts trying to impart hope and confidence
to their tobacco handling readers. Some
hold out fine spectacle OF scores of to
bacco buyers coming in loaded with
money TO r0ulca upon the tobacco :" as
soon IS soft weather sets in" Others
promise, now that Sumatra will likely be
taxed heavily, that prices for all tObaccos
will advance with a bounce and boom.
Not being 50 we'll versed in matters
appcrtaiiing to tobacco as our friends of
the country rress and having but faint
knowledge OF the market and the industry
in general, we nope that in saying that all
their talk is moonshine. We shall not be
judged too llarshly and be dealt with with
leniency and grace.
The sales OF the week were
Cornecticut-Crop' 'S1, 500 cases 12,
IA. IS, % and 81 cents.
Pennsylvania-Crop 80, go cases, at
10 to IL cents.
Olio-Crop 80, 300 cases, at to 7
ce'st5,
New York--Crop 'sl, $50 eases l.. 2.
cents.
Sumatra- Market active. Sales 800
bales. Prices vary from 81 to 1.30.
Observation-Disclosures moderately active.
Sales 800 bales. Prices unchanged.
Cans Report.
Sales Of seed leaf tobacco reported by J.
S. Cans Son & Co. tobacco brokers, No.
131 Water street, New York, for tho week
ending Jan. 20, 1888:
1000 cases 1880, Ohio, G(G7t 200 cases
1881, Ohio, SIC 400 cases 1881, New
England, 12G31; 1S0 cases 1880. Penn
syivana, GNi4 J3 cases 1881, Pennsyl-
y..nia, p. !. 100 cases sundries 4(G1S.
Total. 1913 eases.
The philadelphia Market.
Leaf
Sccd Leaf-Dcalers in cigar leaf are
now fairly busy in all grades, especially
Wrappers, which command attention from
first class dealers. Pennsylvania 81 leal
is now coming t. tie 'front.', and from
What IS low known OF this crop it is de-
serving cf examination. HAVANA seed
shows up some elegant 4 No. wrappers,
and fill the bill nicely. Prices hold
steady.
local TuDa eco F:,., ket.
Last week quite q large squad of tobac
co buyers made their appearance in this
city, and report rapidly spread that they
had come Cn to contest with each other il
the purchase OF the crop Of 1882, which
has been 50 long ing purchasers. The
buyers made lun through the county,
and the most of their number came back
without purchasing pound. They say il
is held by the fan imers ut too high figure.
The price offered is from 10 to 10 cents for
wrappers, at which figures the whole crop
woull jc readily lifted, but until the
farmers can sec it in that light, the buyers
say thev will not touch it. They have the
greater part of The 1881 crop on hand to
say nothing Of large quantities Of 1880, on
both OF which they either lost money OF
had small margin Of profit. A buyer who
deal, very extensively told us the Other
day that if any one wOud take eff mi:
hands his packing of 1881 at Irst cost, he
would put $50 greenback in every case,
as q gratuity to The purchaser.
There were between 800 and 400 case:
cf tla crops Of so and 81 sold at private
rates III this city since the last report.
Very few buyers from abroad are now
in LaEcister.
The generally expressed hope that Con
grcss would abolish the tobacco tax dur
ing its present session grows fainter AID
fainter as The end Of the session approach
cs and until the master is definitely settled
or farmers agree to take low prices tht
present sta In:I.ioa in trade will continue
OUR LDClI SCIENTISTS.
annual Meeting and Election of Officers
The Linnran society met in their museum
on Saturday, January 9th, at 9 p. M, tht
president, Prof. J. 5. Stahr. in the chair.
and II members present. After collection
Of dues and diSposing with reading OF
minutes the following donations were made
to the society \ book entitled Cor.
rcs2ondence OF DR.. William Baldwin