Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1883-05-29
THE TOBACCO MARKET.
IN NEW YORK AND LANCASTER.

IN NEW YORK AND LANCASTER.
Seed Leaf, Sumatrs and Havana Tor the
Week Ending Saturday, May &c.
10 A. M.
U. 8. Tobacco Journal.
Seed Leaf-Notwithstanding the in
tervening holiday of Thursday, the
transactions in our market foot up to q
respectable size. Contrary to general
expectations, the large sales of 'S2 Penn
sylvania did not bring large manufacturers
into line for an uproarious onslaught upon
this crop. These manufacturers have
grown very cautious. They no longer
put in stocks to last for season, nor does
the action of one in reference to leaf
purchases incite the other to imitation.
The market is so accommodating, 80 full of
all kinds Of tobacco, that only after in
spections, often lasting for days and
weeks, exhausting the patience of sellers,
they (the manfacturers) make invest
ments and even then in limited quaint
ties only.
At present most of the important buyers
are holding back till tho new Sumatra
comes in. In few days considerable
shipments will be unloaded and then,
when prices for tho same can reasonably
be established, the future of all of the 'S2
crops can be judged. If this Sumatra
proves in general light and ragged, and if
much higher prices are asked, our seed
leaf tobacco will stand On a solid basis :;
if, on the contrary, the tobacco is dark
and sound and prices come within those
prevailing for old, seed leaf will have a
dragging, profitless time ahead.
Among all the tObaccos of '82 growth
Pennsylvania stands the best chances of
realizing profit for investors, even should
the new Sumatra prove adapted to the
market. In the purchase of this tobacco
packers exercised caution and good judg
meut. Fine as great deal of 'S2 Con
necticut is, it was bought to great extent
heedlessly. To get prices which will leave
a profit will provo a most difficult task.
For export no public transaction was
made. The rush of last week for Wiscon-
sin has subsidized. Exporters claim that
those samples were as samples merely,
| and that further large purchases depend
upon reports from abroad.
The sales of the week were as follows
Connecticut-Crop 'S2, 700 cases about
400 consisted of one packing, balance OF
| seconds; the latter are quoted at III
| cents tho former was sold on private
| terms.
Crop '81, 100 cases, at IS cents.
Pennsylvania-Crop 'S2, $50 cases, at IL
to 10 cents.
Crop 'S1, 200 cases at IA to 15 cents.
Ohio-Crop 'S2, 800 cases Havana seed
wrappers at IA to Is cents.
New York-Crop 81, go cases Big
Flats, p
Sumatra-Sales $50 bales. The stock ol
| fine dark has dwindled down to but a few
parcels held at very stiff prices. Ligh,
| goods are still plentiful. Prices run from
80 cents to $3.50
Havana-Market quiet. sales 400 bales,
mostly to jobbers. Prices easy.
Tho Philadelphia Market.
Leaf
Seed Leaf--A fair and satisfactory trade
! in cigar leaf can be claimed this week,
especially when the limited valuable old
stock is noted. The 'S2 Connecticut and
| Wisconsin seconds find buyers at fair
figures, and '81 Pennsylvania wrappers
show improvement in color and burning.
Sumatra sells freely at advance, while
Havana is handled in moderate way at
very small margins.
Receipts for the Week--417 cases Con
necticut, 321 cases Pennsylvania, 50 cases
Ohio, 1876 cases Wisconsin, 81 cases York
state seed, T2 bales Snmatra, 90 bale s
Havana and 256 hhds. Virginia and West
ern leaf tobacco.
| Sales have been-290 cases Connecticut,
259 cases Pennsylvania, 80 cases Ohio, 80
cases Wisconsin, 26 cases York state seed,
70 bales Sumatra, 80 bales Havana, 72
hhds. Virginia and Western leaf in transit
direct to manufacturers.
| k~I - r
pool, 80, ,216 lbs. to St. Thomas, 14OS do
to Rarbadoes, 21o9 do; total, AZ, ,73a do
| Cans Report.
Sales of seed leaf tobacco reported by j.
S. Cans Son g. Co., tobacco brokers, No.
13l Water street, New York, for tho week
ending May %, 1888:
500 cases 1882 New England 11@19c.
100 cases 1881 Now England, 12@2Sc. !;
500 cases 1882 Pennsylvania 12@32c.; 100
cases 1882 Pennsylvania S(012c.; 235 cases
| 1881 State, p. t.; 800 cases 1882 Wis.
cOnsin Havana. 0(912c !; 152 cases 1882
Ohio Little Dutch $50 Ohio Hav. seed.
Total 2,237 cases
The Local Tobacco Market.
There is nothing peculiar or important
to mark last weeks operations. About
400 cases of old tobacco were sold on pri
| vate terms, the crop of 80 being preferred
to 81 and selling at rather better figures.
Holders of 'S2 profess to think that they
have bonanza and talk confidently Of the
excellence OF the crop which, earlier in the
season, was so vehementy talked down.
The very small quantity yet remaining in
the hands Of growers is being sought by
buyers. A fow good lots are to be had,
but most of it is of low grade anG sells at
low prices, but it is needed to fill ont the
demand for filters and binders.
Here are a few late sale, as samples of
the ruling prices John NJ. Lutz, of
Cresswell, sold ten acres to o. Kaufman,
for Is. 3 and 9; Albert Yost, of West
Earl, 300 pounds toe. H. Herr, for 81
through !; Abram Stoltzfus. of Mechanics.
burg, A acres at II, 4, 9; George Caulson,
of Drumore, acre to Dan Mayer, at 9, 3,
2; Eber Reese, of Strasburg, acres,
hail cut, at 8, 4, 2; J. Redsecker, of Sails
bury, acres at 10, 4, 2; A. B. Herr, of
Mechanicsburg, acres at 13, 4, 2 !;