New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-05
CAMPHOR is MUCH CHEAPER.
HEAVY SALES OF THE CRUDE ARTICLE by A
LONDON SYNDICATE THE CAUsE-sOME-
I'LL Op Ii, Y

HEAVY SALES OF THE CRUDE ARTICLE by
LONDON SYNDICATE THE CAUsE-soME- .
THING ABOUT THE WORLDS SUPPLY.
The wholesale price OF refined camphor In this
market was reduced four cents pound last 1hurs-
day. making the present price % cents pou"u
in barrels and So cents pound in cases. i-eao'hs
members OF the local wholesale drug uaue az
tribute the decline to reported heavy sales OF cruue
camphor by the London syndicate which has been
for a long time seeking TO corner the camphor
market On account of these sales crude camphor
declined in price abroad thereby making necessary
q reduction of the prices OF refined camphor here
clique of English SPECTATORS, headed by o9ione.
North. the Nitrate King. f ormeu a ~ ~, I'D
many months ago. and since they have bouEh a.
held immense quantities OF the cruue "a. S
stock of camphor now held by the 5 90 br
is composed of men Of great wealth - s", 70
valued at from s2.50o00O to $30Oo'VW y lew wcens
ago the syndicate had succeeded IN Cahs hs nan
to advance 10 point fully Nv per GEM hsne. ns
they we're before the clique began rs opeIStohs,
The highest price obtained FOR CRUDE ca,np"SSi "a
London was Z0 shillings hundredweshI, Si.'
then there has been heavy decline; but the maj
ket is reported as "huctuaiing Expert ana eH,
tensive handlers of camphor are uh'er'a'" do "
the next change OF prices. - ,,a,
Since the beginning OF the war between japan
has ceased on account OF the disturbances on that
island from which immense supplies were iorine'y y,
received There is still some Of last year STOCK vi
Formosa camphor In store. but all new supp'es
come entirely from Japan when the o.d s.1eH n, 81
Fornosa camphor has been Sold 1t Is expected ma,
new camphor will be extremely scarce ana s'I
higher prices prevail This outcome Of me war Is
regarded as the incentive OF the syndicate 10 a.
cumulaie all the camphor possible ara hoid IL u'''
the old stock Is exhausted.
For several years prior to the war Japan annua,
product Of camphor rapidly decreased while that OF
Formosa steadily increased In about the saie 90
In 1890 the relative products in picu!s OF 100 10
pounds each. were as follows Japan. 5.i.o ornosa
t242: total A. 362 In 1891 Japan produced tS"o pi-
cus and Formosa 1851 total s2is6 since men the
change has been very great, as Is SHOWN ny 'hc ct
that in 1884 Japan pfoaused only so6s5 PG"' T1e
of 60 l79 piculs which represents the WORLDS supply
OF canphor In that year as II Is not produced eise-
where The cutting of OF tn, immense supply Tor
merry received from Formosa Is regarded Win appfc
hension. wholesaler said yesterday; rlther me
product of Japan must be enormously increased. or
the Industry in Formosa revived, or there Will soon
be a serious camphor famine. 49,
Camphor trees require one hundred years IN which
10 mature. They attain immense size. rivallng the
mammoth proportions OF the giant trees OF the IA
cihc slope In producing camphor the trees are de-
stroyed they fele1. and cut into chips. from
which the gum Is distilled A law In Japan PROVIDES
that shall cut down an old tree until ne has
first planted a This law. which was for
merry strictly enforced has not been carried out for
several years a fact 10 which the decline OF the
japanese camphor industry is largely attributed.