The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-04-01
NAVAL STORES BIG INCREASE.
THE SEASON Just ENDED THE
GREATEST EVER KNOWN.

An Increase in Receipts over Last
Year of 10000 Barrels of Rosin
and $4,000 Casks of spIrits-The
stock on Hand Nearly Double
That of a Year AgO-PrIces Kept
Up in Spite of the Enormous Pro-
ductiOn-The Hight OF Production
Not Yet Reached.
Savannah's naval stores season OF 1855
ended yesterday and the new season COM
mences to-day.
The year just closed has been the heav-
lest In receipts and exports in the history
Of the trade. The season OF 1S9i-95 was the
largest OF any preceding year. and IL was
thought that the hight OF production had
been reached. but the statistics show an
enormous increase this year. and a further
increase the coming year IS very evident.
It is also expected that the increased pro-
duction will seriously affect the prices Of
the product, evidences Of the fact having
been demonstrated by the steady decline
in spirits turpentine and pale grade resins
during the past three or four months.
The receipts OF spirits turpentine up 10
the close Of the season were 303,702 casks,
against 25s 800 casks for the preceding year,
an Increase Of g, 393 casks for the year just
ended. The exports were 300.s69 casks.
against 277,522 casks a year ago. an in
crease Of o, 4i6 casks. The stock on hand
and on ship board is 5,154 casks, against
2,421 casks last year.
The price OF spirits turpentine closed yes
terday at 25h cents a gallon, against 30
cents the same day last year. The enor-
nous receipts during the year caused a
full supply. and had a tendency to weaken
the market The spirited demand, how
ever, kept up the price even better than
was expected, even by the factors and
operators themselves. During the last
three or four months the price has been
gradually declining and II Is not expected
that there will be any material rise when
the new crop begins to arrive.
The receipts OF roSin for the crop year
were LAB OBJ barrels. against 993. 1874 barrels
for the preceding year, showing an in
crease of l49 S92 barrels. The total ship
ments were l097,328 barrels, against lob, 81
barrels the preceding year, showing an in
crease of S3.4g7 barrels The stock on hand
and on shipboard is 134,97S barrels, against
s.: $50 on the same day last year.
The increased amount of receipts and
exports shows a growing demand for the
product, and full supply to meet the de-
mand of the trade. Prices on medium and
common grades ruled higher than the pre-
ceding year. while the pale, or finer grades
were slow. At this time last year water
white rosin was quoted at 1915 a barrel,
while IL was quoted yesterday at $2l5. just
$3.50 lower; window glass and NJ. grades
are about as low in comparison.
The naval stores market was devoid of
the sensations which characterized IL dur
ing the two years previous. There was no
combine TO cause complications and very
few manipulations of the market to cause
dissatisfaction among the factors and pro-
ducers. The business Of the year went
steadily along in the even tenor of it's way.
Factors and producers were apparently
satisfied with the trade on account of the
announcement given by the steady de-
mand for the receipts.