The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1919-11-21
Wisconsin Tobacco Market
EDGERTON. WIS.,, Nov. 2l, 1919.

Inc week has been quiet. IhlS Is
partly due TO the fact that the tobacco
now hangs dry in the sheds and can not
be examined to advantage. The Re-
porter has learned, however, that a
number of sales have been made in
hail-cut and low grades, and that the
price is holding for this class of goods
between 10 and Is cents. The state
ment made in The Reporter in the last
issues as to the relative stability of
prices, based on the quality and type
of tobacco, is upheld by the concensus
of opinion in the market now, in spite
of the lull in the general buying move
ment. The haste" is apparently all
that is lacking in the market. Consid-
erable more or less accurate guessing
is indulged in as to the amount of to-
bacco of all grades and descriptions
left of the 1919 Wisconsin. Well in
formed and conservative men are .pret-
ty well agreed that nearly so per cent
of the total acreage is still unsold. One
OF the best informed tobacco men In
the southern part of the state thought
that this estimate is about correct,
based on the total number of pounds of
tobacco produced in the state, but he
also holds as his personal opinion, based
on careful observation, that only about
10 per cent of the best class of binder
leaf produced this year is left unsOld.
This estimate would not dispute the
fact that in the nearly so per cent of
tobacco yet unsold, very excellent leaf
is to be found in smaller or greater
quantities as proportions of many crops
of tobacco, otherwise coming under the
classification of common. In the sup
ply-and- demand -price-status the mar
ket has shown tenacity of sticking to
the price-to-suit- -the-goods proposition.
NEW YORK, Nov. 6, 1919.
While activity in the Water Street
cigar leaf market during the past week
has lost the rather sensational charac-
ter of the previous three weeks, this
does not signify that there has been
any actual slackening in the demand
for practically every type of domestic
leaf. The changed character of the
movement now taking place is due pri-
marily to the fact that the heavy in
roads made, in the available supply by
the large buyers in satisfying their
needs, have reduced the stocks In the
hands of the packers to extremely re-
stricted proportions. The steady, in
sistent demand which is now being
manifested, Water Street believes, is
fairly representative of the character
of the activity which will undoubtedly
continue until after the first of the
year or until the 1919 crop becomes a
factor in the market.
While the price outlook for domestic
cigar leaf tobaccos is a subject which
the average packer usually assiduously
avoids as rather idle guesswork, not a
few Water Street packers have indi-
Gated by their statements that they
have nevertheless come to rather deti-
mite conclusions on the subject. Nor
are these conclusions by any means
unanimous.
While one very stable and important
group of packers holds rather strongly
TO the belief that the ever-increasing
needs of the cigar industry will hold
prices at the 1918 level, there are at
the same time strong and important
advocates Of the belief that the next
twelve months will bring about a cer-
tain if gradual recession all along the
line, and that the packers will do we'll
to proceed with extreme caution in the
hitting of the 1919 crop
The 1918 Wisconsin, one of the finest
quality crops produced in generation.
followed one of the poorest crops ever
produced in that section. This circum-
stance accounts for the fact that when
the 1918 was ready for the market,
manufacturers found themselves sorely
strapped for binder supplies. Conse-
quently every user of Wisconsin bind
ers bought to the limit of his resources
and those with ample capital even made
purchases of a several years supply.
When the 1919 binders come into the
market | see no reason to believe that
the need for binders will be sufficiently
acute to impel the manufacturers to
paw for less desirable crop the high
prices that were paid this year for a
generally superior product. Leaf.
HARTFORD, CT, Nov. 5, 1919.
First sales of 1919 tobacco are being
throughout the Connecticut
River Valley. At Simsbury five crops
were recently sold for 40 cents a pound. |
This tobacco is said to be the finest |
quality in the state But the price is
a shade under that received last year
at this time, according to the growers
in that district.
In the vicinity Of Broad Brook the
tobacco crop is the biggest for several
seasons past. 1t is said to be large
enough to keep the warehouses busy
until late next spring. The dBmp of
the last few weeks has given plenty Of
to work over the tobacco