Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1883-05-15
THE TOBACCO MARKET.


IN NEW xOxEzaD UAMUASTER.
The Trade oad OGflO6k In Sume0a, oeeo
i.eee and Hsvsna for the Week
Ending saeurdsy, Nay ~.
U. 8. Tobacco Journal.
In the minds OF the leaf trade it is now
a settled fact that next month. at the
latest.n a cloud Of prosperity will burst
perpendicularly over the market, and
cause prices to jump upward with the
vim and agility Of . suddenly released
Jack. tho box Never was the market
more hopeful than now. At the large sale
of Sumatra tobacco at Amsterdam. on
wednesday last prices were realized
which viii make the cost Of laying down
this tobacco in New York about 81 .5O,
inclusive or loldA duty, Then there are
reports of the inferior colors Of the stock
(Guality NOT ody. admits) and combined
Nth this the reasousble prices at which,
"A whole. the '62 seod leaf crop has been
boueht bringing about the feeling de-
scri6ed. Said Hr. "a Cohn, Of Water
straet. IN the writer I" You may safely
mt down that everybody who packed 'S2
tobaccos. no matter Of what growth, will
make money out of his, Investment this
wear" Now that We have I" safely y put
down, the statement Of our esteemed
friend. ne venture to dispute hi9 sweeping
.sasrt;ou. ID s,as gr71 sTssa n-g'
The present excitsmont at Amsterdam
regarding Sumatrs is merely due to the
coming incroase In duty in this country
and the presence there of handful of real
and pretended buyers. SpeculatOrs, who
believe that they will mako $40 on every
100 pounds Of Sumatra which can be
brought into this country before July ],
are there in abundance. No wonder that
this recent sale was turned into "grab y
game affair, The enormously high prices
Werc certainly not due to short crop OF
lack of fine assortment The crop now
offered exceeds its PREDECESSOR by 40, OOO
bales. Let the present excitement sub.
side. and we have full = confidence
in the falling of the price thereafter, SO
that even when the increased duty takes
effect ,Sumatra will be bought here q
prices prevailing now. To harbor expec-
tatious that money will be made Just be-
cause the 'S2 crops have been bought roa-
souatly is absurd. SumStra tobacco never
found a market in this country because
our own tobaocos were too high or too
low in price, That tobacco simply ex-
ceeded our own crops in yield and looks.
How is the 'S2 crop regarding yield and
looks? Who can tell (? At this time Of
wear every holder of new tobacco is i'm
bued with the idea or rather forces him
self and tries to force others to believe it,
tn at what lie has il tho best. And, fur.
thermore, holders are and have been all
along too ant to consider a lull in the
sales of Sumatra in this market as q sure
Indication of its rapid extinction in favor
among cigar manufacturers and consum-
ers. Moreover. they on all possible COCA.
sions volunteer the statement that their
tobacco will beat Sumatra all to splinter
Gems. and Whoever don't believe it is either
an idiot or a william. The great drawback
in the career of most of our leaf dealers
and packers is, that they know little o.
nothing about the manufacture of cigari
as carried on to-day, though they ma,
have sprung from, the most illustriOu,
cigar making families in this and the old
country, and may, in the early days Ol
their lives, even have subs sted on the pro.
fits which arise from making cigars at the
rolling board with the usual sweat of thei
brows. We find that those leaf men in
our market who are either directly or in.
directly interested in cigar factories, ant
therefore are familiar with the working
of things in such establishments and th'
demands of the cigar jobber and consumer
that they operate with caution and with
peculiar system, and do not trade in ilu
sions and trust to luck. We are audaciou
enough to offer tho opinion that if thOst
leaf dealers and packers who profess t.
know all about manufacturing cigar
would go into the business they wOul'
make most dismal failure of it, not be
cause they could not make cigars or man
age factory, but for the reason that the
would not know what tobacco to buy ant
The sales of the week were
Connecticut-Crop '82, 500 cases sec
oads, at II to ia cents.
Crop 'Sl-1OO cases Wrappers, at 20 t
25 cents. . =. -. :.
Penusylyania-Crop 'S1, 400 cases, at
to IA cents. '-...-
Ohio-Crop 'S1, 100 cases Nittle Dutch
at Is to II cents.
Crop 1920 cases (Little Dutch), a
12 to 13 cents. .,..
Prices unchanged. ..,a---.s
Sumatra-Market moderately active
Sale 800 bales. Speculators are buying u
whatever fine, dark can be found. Price
range from 81 to $1.5O. ...
Cans Report.
Sales of seed leaf tobscco reported Jbv J
8 Cana Son & Co. tobaoco brokers'. No
131 Water street. New. YofR. for the weel
ending Nav "a 1888: ~
5OO cases 1852 Pennsylvania. y. f.: 80
cases 1881 Pennsylvania S014c. 100 case
1881 Wisconsin Havana, o. t. 200 case