The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-03-17
a NEW NAVAL STORES MOVE.
Scheme to Bring the Factors Into an
Exporting Company.


There is 4 movement on foot among the
naval stores factors and producers to
organize a stock company, the object of
which will be TO sell naval stores direct
to the consumers. They propose TO be
associated in the scheme for the mutual
oenett OF the naval stores trade. which
has for the past few years been so much
| depressed that great losses have been sus-
tanned by factors as well as producers.
| several factors are interested in the or
ganlzation of the company, and efforts
! VIII be made to bring every one into the
association. Subscriptions to the capital
STOCK OF the company are expected to be
made by the factors pro rata, according to
the amount which they are involved in
the Business.
A prominent factor said yesterday:
The time has arrived when something
must be done. We have placed thousands
OF dollars IN the country. and every year
| we see 1t going through our hands, on ac-
| count of the bear movements of exporters,
| who regulate the market only to promote
their interests. The consumer pays a
talr price for the product, but the pro-
Queer gets left. The middle men get the
proht. II we as factors, who are really the
/ producers, as we furnish all the capital for
the manufacture of the articles, can come
together and form company sufficiently
strong enough to handle the product at
the shipping point, we will be enabled TO
place fair value upon naval stores; this
VIII give the operator a chance to make a
living and the factor will be enabled to
see some possibility of redeeming the
large amount of money which they have
invested in the farms throughout the
country"
Another factor who has a large amount
OF capital invested on turpentine farms,
and who is discouraged at the manner in
which the market is depressed, said:
lowing to the depressed condition of
the naval stores market, factors and pro
ducers generally, are beginning to realize
each year that they are gradually being
bottled up by the monopoly of the middle
man. The proposed association, however,
Will remedy this evil and insure the cor
rect goods direct to the consumer as per
the original sworn inspection"
"1he plan proposed he continued, lis
TO organize a stock company to be COM
! posed of factors and producers of naval
! stores, the object being to sell the product
| direct to the consumers, instead of de-
! pending upon the middle man to name the
price. Factors and producers have
millions invested in the business, while
| the middle men, without dollar invested
are quietly sitting back in their easy
chairs Offering the prospective crop at
| price below the cost of production, thus
| coming in between the producer and con-
sumer and reaping the benefit-for it is a
weil-known fact thaS.their manipulation
! OF the market does not benefit either the
| producer or consumer.
Naval stores is a peculiar commodity of
| itself confined we may say, to only a
small area of this country alone, and Sa-
Yannah is the leading naval stores mar
ket Of the world. Only comparatively
Ia r,A
ana why should they not get at least cost
price for their product? This, as well as
other countries, have their different com
! modltles. All manufacturers meet with
! competition by way of new modes of cul-
| walton or inventions of machinery and the
different substitutes for goods yet it all
appears to have a market value, while
naval stores, product only made in a
small area of this country, something
| always in demand, and which cannot be
substituted, and can only be produced a
few years more by reason of the fast alb
sorption of the forest, instead Of making
something out of it while the opportunity
offers, the entire industry appears to be
left in the hands of a monopoly of middle
men to name the price.
"At the close of the day we know what
! rosin or turpentine has brought, but we can
give no thought of o-morrow-that is left
with the buyer to say what they will give,
until factors are arriving at that point
where they will have to protect them
selves in self defence and form general
naval stores exporting and tank company,
the principal Office to be in Savannah,
and to establish agencies all over Mis- as
well as the foreign countries The idea
is to raise a capital stock sufficient to do
the business, to which all factors and
producers will no doubt literally sub
scribe, as this is believed to be their only
salvation.
Thus being organized, consumers will
only be too glad TO have an opportunity
to deal direct with the producers in this
way, and secure the original Savannah
the middle man.