The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-04-01
PLENTY IN NAVAL STOKES.
RECEIPTS WERE SMALLER, But
PRICES WE'RE HIGHER.

s,irits Quoted Mt 3315 Cents Hester-
dov ms Against 30 Cents Year
.oo-savannahs Receipts 3O9,4O9
Casks of Spirits and 1,O70'9i' ID"
rolls of ROsin-High Prices DID MOI
Make Every body Rich, but Both
Factors and Operators Mn"e
Monev-The worlds Consumption
tyas Caught Up with the Supply
and Continued Good Prices EN-
pected.
The naval stores year for 1S99-l9OO closed
Yesterday. Although Savannah's re-
ceipts were not quite as large as Tor the
nrevious year, the year has been a very
remarkable one in many respects. Ihe
remarkable and unexpected advance IN
nrices. which begun last summer and
which has continued almost uninterrupt-
edly to date, was of course the chief fea-
ture of the year.
AS the result of the high prices both
factors and operators generally are IN "a
prosperous condition. Al the same tune
tbe operators have not made as much
money as they have been credited with
making by persons outside the trade. The
very general selling of future contracts
at prices prevailing at the time the con-
tracts were made, which proved TO DE
much below the prices ruling when inc
spirits were marketed was a very I'M
satisfactory experience for the operators.
1t is estimated that something less than
half the crop was disposed of in this
manner. -. ,,o
Another consideration which must De
taken into account is the general shol
age attributed TO the March freeze, and
which was generally supposed at one
time to account for the rapid increase IA
nrices The larger area covered by the
operators however, fully counterbalahcci
any shortage due to the freeze, ana II IS
generally believed that when an the us
ures for the receipts are in mat 1he 'lol'
for the year just ended. will be louna
To he somewhat in excess of that of the
previous year.
lSavannahs receipts for the year were
800 400 casks of spirits ana lt76'S'o parrels
of rosin as against 329,466 casks OF splilts
and 1123942 barrels of rosin FOR the pre-
vious wear. falling off Of 20OJl casks OF
spirits and AZ. 127 barrels of rosin' ANY re-
duction in receipts, however, was more
than made up by the much higher prices
received, especially for spirits. The hSures
on the Board Of Trade yesterday showed
that prices had ranged during the yea tI
from IS to 54ia cents per gallon tQr splIlts
as against S3I5 10 as. the previous ear, and
"a to 30 the year before The figures posted
on the beard yesterday showed 5S.s cents
paid and bid for spirits as against - cents
for the same day a year ago.
These figures are remarkable, as snow
ing that in spite of the fact that IL mas
been known for some time that the crop
would be practically as large as that OF
the previous year, and thar the shor ,aee'
If any would be very small prices nave
continued to advance. Even now, notWlth-
standing it is generally known mat the
operators have made every preparation
for producing a large crop, prices con-
tinue to hold their own. The best evidence
that high prices are expected 10 continue
to rule are that contracts for May-Augu
delivery are being made at 43i2 cents n
gallon. This is just 10 cents below yesler-
days quotation, but Is much higher Ile-
ure than contracts have been made az Tor
"A number of years. A year ago the opera