The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1908-01-10
New York.


NEW YORK. Jan. 4, 1908.
With quite different sentiment from
that which greeted the entry of 1907, the
advent of 1908 is being viewed. Where
over confidence. unrestraining self-in-
dulgence, and the most visionary optim-
ism in regard to any possibility OF even
a monetary check in an overtiowing
prosperity prevailed year ago, there
appears at the start of the new year diff
fidence in the future, an almost avarl-
cious retrenchment and pesslmlsm as
unGuestionably dark as the altogether
too rosy optimism OF year ago. But the
outlook for the new year is far more
hopeful than the reverbrations of the
echo of the great financial panic may in
dicate. The new year will doubtless
have to record yet some of the inevitable
effects of that severe panic in failures
which a continued prosperity might
have deferred for some time, or might
have averted altogether. The incurring
of losses, however, is but natural re-
suit of trading, and if last year wit
messed smaller percentage of them it
was merely an exception, and the good
luck of it should be considered as well
come contribution to the maintenance
of the strength to withstand severe
affiiction. Our country is too vast in its
resources and it's recuperative powers
too full of vitality as to demolish all
healthy hope for speedy recovery, and
the signs of such a recovery are visible
in every direction.
AS far as the trade is concerned the
effects of the late panic are likely to lead
| in the new year to the est" blishment of
h,,1;
| methods The Nabsence of an infatory
prosperity is bound to readjust values of
| the raw material on basis correspond
F.! ing to the true principles of political
| economy rather than in qualification of
| the speculative spirit of Unsuitable greed.
| As the bulk of the 1906 crop remains
still to be. disposed of, and as the 1907
! crop has hardly as yet moved out of the
growers possession, the scare OF scar
city of raw material will not enter into
| any account Of this years trading. This
| in itself will have tendency to bring
down prices to more normal level. 1t
I might have had the effect of demoraliz-
! ing prices altogether were it not for the
| fact that the 1907 crops are deficient in
| quantity not only, but largely defective
| in quality also. The loss on these crops
| the farmer will have to bear just as the
loss of the 1906 crops will chiefly fall on
the packer. This may prove for both a
| wholesome lesson in the marketing of
! this years crop. But the general activ-
| lty Of the trade is not likely to suffer
| much, if any, during the current year.
| To Judge from present indications the
| cigar industry is likely to recover quick
| ly the ground lest during the slump of
| the past two months, and as we are en-
| tering a Presidential year, which means
an increased output of cigars, the indus
| try's production is more likely than not
to hold the record output achieved in
| the past two years, even if the increase
| does not come up to the proportions of
these two phenomenal years.-Journal.
NEW YORK, Jan. l, 1908
With the exception of three trans
actions involving $500 cases of tobacco,
which were taken by a large uptown
cigar concern, and came from three diff
| ferent Water street leaf houses, nothing
of Importance has been reported in the
| local domestic leaf market. The tobacco
| mentioned was Wisconsin, partly of the
! 1906 and partly of the 1905 crops The
report of the trade is accompanied by
rumors of large concessions, and while
the actual selling prices have not been
made public, it is understood that the
price was between seventeen and eigh-
teen cents. There has been some in
quiry regarding thinner Spanish, but no
sales are reported. Otherwise the mar
ket has been dull.
Sumatra. Very few sales OF impor
tance have taken place since last reports.
Havana. - In addition to the dullness
that has prevailed for some time past,
the stock taking operations of the manu-
facturers, occasloning their closing down
this week, has prevented much business
being done. The local market is dull,
and there are few buyers in Havana, in
consequences of which very few trans
actions have been reported. Leaf.