The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-18
MI Be A BIG REDUCTION.
Nrrp1se Of $4,000 Barrels Of
Spirits TuTpentiHe Expected.

ne Eject of the Action Of the rur-
'p' .,,a Producers Already Felt-A
pI,ing of Of 10000 Barrels as
.s-rared With Last Year Pre-
.'a.a5-Further Reductions to Be
Made Next Year.
number Of naval stores factors were
. yesterday in reference to the action
,.Lo Turpentine Producers Association
5seiding to reduce the output by ceas-
onerations upon old timber, The gen
" sI doiniou was that this action will be
s..sacial and that the great majority of
W. nroducers will abide by the decision
Al the association.
Tho Savannah factors are thoroughly
mood with the operators as to the advis-
sSi,itv of this STEP and will do all they
& osn which is great deal, to assist in
.arryinp out the resolution. This is a
time when it appears that the interests
a. The factors and producers are ideAtical
and both are united upon the line of &C
4 ton to be pursued.
aThe result of the operators decision
,s hound to be beneficial, " said Mr.. John
R Young, Of Ellis, Young & Co.
TO FILL CONTRACTS AT ONCE.
uTbe production will, of course, be de-
creased by carrying out the line of action
nrescribed. Consequently buyers will
hasten to fill their contracts at once.
Il The domestic consumers who have
4 been merely buying as their needs de-
4 handed this season, on account Of the f.
pancial depression, will also see the me-
cassity of LAYING in their supplies. Some
factors claim that the market has already
bpeD benefited, and that sales were made
TO-DAY at slightly better prices as direct
result of the operators action yesterday.
There is a better demand to-day, with
slightly better prices, which may have
been caused by this action of the associa-
ton -
NIP. Williams said that the action
of the operators will have the direct re-
suit of decreasing the output for this year
by at least $4,000 barrels of spirits, and
perhaps 10000.
This years crop, said Mr.. Williams,
twill be 10000 barrels of spirits less than
last years, as the yield is already consid-
eraby behind that of last year.
VILE BE FELT RIGHT AWAY.
"The effect upon the market will soon be
felt The producers are inclined to de-
crease operations anyway and there will
be very few who will fail to comply with
the decision of the association. With an
improvement in the home market there
will be ample demand for all of this
years product, but that the improvement
will come is very doubtful. 1t is certain
that the producers viii have to cut their
cloth very close this year to make both
ends meet"
Mr. James Council, a large operator of
Montgomery county, who was in the city
yesterday, said there is no doubt that the
resolution of the association will be
strictly adhered to by the operators with
very few exceptions. TWAS undoubtedly
to their interest to curtail operations as
much as possible, Mr. Council said, as
there is more loss than profit at
present prices and iIby decreasing
the product higher price
could be obtained for what had already
been produced, the results would be
greatly to the advantage of the produc-
THE JOINT COMM 1TTEE.
The committee of five producers and
five factors appointed to determine upon
plan of operations for next year will
meet and decide upon plan sometime be-
fore the October meeting.
What their decision will be will depend
greatly upon the state of the market be-
tween now and October, when the years
work Of the turpentine men is practically
over
The opinion now is that the committee
will decide upon the abandonment of all
Old boxes over three years old and the
cutting of very small amount of new
boxes for next season. The season for
cutting boxes commences, by law, on
Nov Is