The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-08-20
Will BENEFIT The Trade.
OPERATORS STRONGLY FAVOR THE
FACTORS RESOLUTIONS.

Turpentlne and ROsIn Expected 10
he Cut short and Run Up in
Price-There VIII BE Mt Least
100000 Barrels Less of TurpentIne
and COrrespOndingIy 100000 Bar
rels Less of ROsIn-The Movement
Considered One by which All Op-
orators VIII stand, and IL VIII BE
the Result of Raising Prices Be
yOnd Expectations.
The naval stores factors appear well
satisfied that the operators when they as
semble in convention here Aug 2s. will
indOrse fully the action taken By the fac
tors with reference 70 curtaiIing the sup
ply.
Several prominent operators from South
ern and Southwest Georgia were in the
city yesterday. and among them were
three who control ten large places. They
were all very much impressed with the
steps that have been taken, and give
their unqualified approval to the action OF
the factors. They announced It as their
opinion that there would be no doubt
about the operators ratifying the action
Of the factors expressed in the resolu-
tions passed, and they believed every
operator who had the interests Of the
trade at heart would conform to the re-
concentrations made.
IF carried out on this line," Mr.. J. A.
@. Carson said yesterday. there will un-
doubleday be reduction Of two-thirds
in the cutting Of boxes. which means that
the crop will be curtailed at least 100000
barrels Of spirits of turpentine, making
an allowance also for old boxes, and the
comparative reduction in the production
Of rosin, will be at least $50, 900 barrels
THE consequences are almost too good
to think about 1t is the first time the
factors Of Savannah have ever been
known to be unanimous on the subject
which affects the trade as this does, and
their unqualified support and co-opera-
ton Is assured. The opinions of the fac
tors were widely at variance when the
matter was taken up, but several Of them
had 10 give in as a matter Of course, and
the resolutions as finally adopted were a
compromise on the different plans sug-
gested.
Il am confident that the action conse-
quent upon this course will result in hand
some prices for turpentlne and CORE
spending prices for rosin. The factors
will have to lend out less money and will
get better results from IL. The producers
] understand. are thoroughly in accord
with the movement and they will certain
~ find II TO their great advantage.
Il think this will be year when prices
will be entirely governed by supply and
demand. For the last two years we have
had an oversupply, and prices have been
correspOndingly low. Next year the sup
ply will be smaller and the demand will
be correspondingly greater. and the ele-
ment of speculation will not enter SO large
ly into the question.
IAN immediate activity on the part of
the market is not expected. This move
ment has been inaugurated several times
before, and has not always been carried
out to its proper conclusion. For this
reason many of those interested have not
had much confidence in 1t. But this time
We are in earnest, and all are united.
There are operators who are independ-
ent so to speak, and who run their crop
on their own capital. 1t Is in their
power. of course, to Illustrate 10 a GER
tain extent the plans that have been de-
vised for the protection Of ALL but 1t is
likely that they will be more deeply in
terested, II anything. than the others. as
1t will be more to their advantage to CO.
operate and aid in putting up the prices.
There is no doubt that they are more
largely interested than those who depend
on the factors to operate their business,
and 1t would seem to me that they would
be the first to recognize the good OF the
movement and to give their hearty CO.
operation to it,"
This is only one of the many opinions that
are given on the same line The factors are
all confident that the operators will stand
by them in the position that has been
taken, and several of them who have seen
operators from the country since the res
olutions were passed, have been assured
that the resolutions will be given due and
proper support. This movement undoubt-
edly means more to the naval stores trade
than any that has been inaugurated in
recent years, and II carried out to its
logical conclusion must result in benefit
both to producers and to factors.