Savannah morning news. [volume] (Savannah) 1868-1887, 1885-01-31

AN ENCOURAGING OUTLOOK
EOR PRODUCERS.

Il ~ II - 1
An FNCOURAGING OUTLOOK
FOR PRODUCERS.
what the Factors Say About the Coming
Crop-The Number of Boxes Outlet
ter prices Looked fOr-Interesting sta
tistics.
II is a weIl-knOwn fact that ore of the
most important branches Of trade in sa-
vannah is in naval stores. The i'm
portance OF the trade will be realized /
when it is stated that when the annual
April statement was made up last year, 1t
showed that the receipts of rOsin at this |
port amounted to COS, 2S6 barrels, and OF
spirits Of turpentine 1916 barrels.
The value Of this trade will aggregate
about S3.0000OO. At the opening OF
this season. the London market, Which |
Is the largest distributing point Ior
naval sIOTgs. was ever S'ocked- anu ioW /
prices for the entire season were lhul-
Gated. The season opened with a uecllneol |
S3 per cent. from the prices OF the previous |
wear. and producer and dealer feared that |
This decline would continue throughout |
the season. 1t appears, however, that the |
trade -Opeped at rock bottom figures, and
priees now show a falling of Of only about
10 per cent. from the prices OF last year.
With a view to ascertaining the present
condition Of the trade and the outlook
NEWS reporter yesterday called upon a
number Of dealers and brokers and CLEAN
ell the following facts:
OUTLOOK FOR THE SEASON.
Bottom figures have now been reached,
and there is a prospect for better prices
both for rOsin and spirits OF turpentlne.
Recently the cold weather in the North has
interfered to some extent with the trade
by retarding manufacturing. but 1t Is only
temporary and due solely 10 the weather.
There will be about the same number
Of bOAes cut in the territory that sends ITS
rOsiD and turpentlne to Savannah as last
season. Careful calculation places the
number Of boxes last season at 100 crops
Of 10000 boxes each, which would make
1000. 600 boxes. The cutting of boxes gen
orally commences Nov. ], and the season
closes March /. The outlook may now be
regarded as encouraging for various rea-
sons. By comparison, II VIII be seen that
there viii be about the same number OF
boxes cut as in 1SSl-2. During loS2-5
there was large OYerprOductlOn or pale
resins. which had its effect on the market
last wear. from the fact that large amount
of the production Of 1888 came over 10
1884. This surplus has now been absorb
ed. Notwithstanding the slack times. To
dav the visible stock Of paleTOslns Is not
more than Is needed, and with the prospect
that the crop VIII not be larger than IN
lSSI-S3. and considering the natural in
crease Of trade. there is every reason to
believe that good prices Will now prevail.
This Is particularly true of rOsiD. For
sDirits OF turpentine the outlook is not so
fattering but one encouraging feature IS
the small stock in this country. Trade
has been depressed in this country Tor
over a year, and there is a disposition on
the part of BUYERS to take only in small
quantities. which may be regarded as
conclusive evidence that they are not
stocking up but are buying from hand 10
mouth. and If there is any disposition
shown later to increase stock, which IS
more than probable, a sufficient home de-
mand to take home production up to May
ID may be looked for.
BETTER PRICES EXPECTED.
London now has a large stock OF
spirits of turpentine on hand, and
there IS enough STOCK IN Europe win
present outlook to last for several months
10 come. and prices cannot be expected
TO enhance there tor two or three months.
But bv Nav u it is expected that the
stock in London will be worked on and
better prices there may then be expected.
In the lower grades OF rOSin the stock
ut home ports Is smaller than year ago,
ana II may he SdltlN dESsAAAEtl tlAtAA AAAN 'AN
crop 10 come in is smaller than year
ago. COuplin. this with the fact that 10y
reason Of the lower production, caused
bv previous 0yeTproductiOn, better prices
for this grade OF TOsins may ne expected.
I'p To 1SS2 London was the main dis
tributing point for turpentlne TO all
European points, but since
that time many ports nave beeh
shinpin-s direct which may account To
s-l.sr1.s c,-far1f fnr the LARGO stock hand
IA London. Some brokers think, hOweN-
cT. that there has been concentration IN
London to affect prices. l. is the opinion
of most dealers that the stock next year
will show decrease IN com parlsOn win
that Of this As the trees available for
boxing decrease in number there VIII
necessarily be a decrease in the produc-
ton of turpCntine and rOsin. \ tree VIII
generally stand boxing for near i years
before it is entirely exhausted. In TINS
State there has been a fearful waste OF
timber, but of late people have COM
menced TO realize the necessity OF pro-
tecting the timber and using their trees
carefully when boxing them.
THE STOCK on HAND.
The receipts Of spirits Of turpentine at
Savannah up to date is ll3, $50 barrels,
AGAINST lbs. 071 barrels at the same date
last year. The receipts of rOsin is 4l5,3lO
barrels "a. ainst 495,532 at the same date
last YEAR The stock Of spirits OF turpen-
tine on hand here is 1903 barrels, last
wear at the same date it was $40 barrels.
Tho stock Of rOsiu now on hand here is
G3. Sj6 barrels, against S9,0Sl last year.
The stock of spirits Of turpentine now on
hand i'm London is 40. l6S barrels, against
300 at the same date last year. Spirits
Of turpentine are now worth 2ls. 81. IN
London. this time last year the price was
DIS. cd. In the Savannah market turpen-
tine is now worth 2I5z cents per gallon,
this time last year it was 81 cents.
The highest prices reached by turpen-
tine in tire London market for the years
given were as follows: In 1870 the high
est price reached was IN January, and
was rs. Cd: 1876, December. 35s. Cd; 1877.
January. 36s.; 1873, February, 25s. 81:
1879. December, BPS; 1880, March, As.
Sd. 1881. November, 42s. cd; 1882, April,
SOS: 1883. April. 40s. The statement for
1891 mas not been made up yet. The low
est figures reached in the London market
for the same years were as follows: 1870,
July. 21s. Cd: 1876, May. 2ls. Sd; 1877,
July. 23s. Cd: 1873, December, 2ls.; 1879,
: ptember. Dos; 1850, July, 22s.; 1881,
Nav. 2Ss. Cd; 1881, September, 32s. 3D.;
1883. December, 2js. Cd. The average
price was as follows: 1879, 24s. I'd; 1876,
BIS. IOd.; 1871. 26s. 100; 1873. 23s. 2d.;
1879. 23s. sd: 1880. 32s. Sd; 1881, 3js. Id;
"a