The Montgomery advertiser., 1903-05-02
Naval Stores.
Especial to The Advertiser.l ]

slSpecinl 10 Tne Adveftiber.l
 8AvANNAH May 1.-The past week brought developments in the naval stores market bordering upon the sensational and which hsvs turned out to be extremely i1ssrestins ing oome thoroughly aroused as to the future. but for the past week evidences of their dis cpmfture .of mind have been apparent from the numerous inquiries received nere by fac tors asking about the future course of prices.
 1ne whole story is S told in s the sharp m daop Hep cline of about sio per. cask in less than month The opening of the new season on s1arently' weak at 4sc, and still on the de- cline, judging from all appearances. Inis loss to the producer at the very threshold ct the new season is not assuring.
 Naval stores factors are in some cases re- bponding to the inquiries sent them and nave scribins conditions as they see them and of fering their advice. Summarized the circulars attribute the declines, not to the natural con d1tions of supply and demand, but to the ui- version of the receipts from Savannah ,the hasts market. to the ports in Florida, Wne.e s1sted that this robs the basis market of the dtmand it legitimately expects and thererore D1lows the exporters to hammer the market outside do not help the basis market for the reason that it does not feel the enect or the Improved demsna henGe @ the ssssr asef he demand here and consequently the lower the price. what factors now want the producer to see is whatever the Savannah price Is the lower fhey pound this market the less they will re- csiys for their stu r ip sb,s 'ne arSet Rres to 5ta lowest stage that they may take m the Florida receipts as cheapiy as possible. after all it seems to be q question for the producer. notwithstandtng the talk about ac- ton being taken by the commsrciai s 70, Dodfes tss business organizations to do. If the producers ship to the closed markets to the detriment of this. 1t is their own business and none can say them nay. A campaign of education as what the factors have resolved upon
 n this connection % may mase ahst r,sry une sac- tors have sold their receipts at Florida ports for this season at Savannah prices. They do upon an uncertainty. Having contracted to take in this stun at the Savannah price, the exporters concerned are depressing the iocal price to get their Florida stuff as cheaply as
 While there is a diversion of receipts from Savannah 1t does not show in the figures: The diversion is in the fact that the stun first goes to Florida ports in considerable quantities; then is sent on here for export export So far this season we have received II,O49 spirfs. against i7,e74 last year. but of this Of sl furpsntine have been is,S4s, against ls.- % s The assapt ssspt' 4 Ss TGns last to ysas Sass and the exports 5i,e67. against 72,477 last year.
 A6: receipts, 66s: sales. POS: exports. 7se exports, i55: A. B. C. D. E. si75: F. si.so; Q, sI. I.e5: H. s2.e5: l. s2.s5: K. ss; M, s. 10; N. S3.i5; window glass. S3.25; water white. ss.s5.
 CHARLESTON. May i.-rurpentins-Nom nal at A; sales none.
 Rosin--Nominai; A. B. c. D, E. sI.e5: F. Ei.7o; c. si.75; H. S2.i5; T. SAYS: K. S2 90: M. S3: N. s3.os; window glass. S3, i5; water white. $3.25.
 WILMINGTON, May i.-Turpentine-Noth- ing doing; receipts. 2I casks.
 Rosin-Nothing dding; receipts, 57.
 Crude turpentine-Quiet at S2, $3.25 and BS SO; receipts. 5.
 Tar-Firm at sl .65; receipts. i43.