The Ocala banner., 1906-10-19
The ruRPENrlNE MARKET.
Spirits Go Higher But Weaken To
wards ciose-RosIns Higher Than
Ever sefore--cornmon Grades Show
Decided Gains.

4
Savannah, Ca, October 13. 1909
Resins again scored some decided
advances this week and at the close
last night nearly all the grades were
as high as they have been at any
time this year, and in few instances
higher than any prices posted for
them since April l. Waterwhite was
within 10 cents of the $500 mark that
has been looked forward to by SO
many, and as the receipts are insight
ficant and whatever stocks have not
been consumed are probably in very
strong hands it would see malmost
an assured thing that the figure will
eventually be reached, and doubtless
passed as in the latter part of last
year when $500 was the quotation
for several weeks. The manufacture
of pale grades ceased some week ago.
and the receipts have been merely
the held back stuff which is now
about wound up. AS there will be
none Of the top grades made and
marketed for the next five to six
months 1t is easily seen that any
one holding stock of them is apt to
enjoy the benefit of further advances
as the supplies diminish under the
consumptive requirements. Water
white is now about $500 barrel
above the seasons lowest point. 1t
has advanced about 80 cents round
barrel in the past three weeks. It
and windowglass and N are all higher
than at any time since the season
opened.
Mediums are not yet enjoying so
good position as pales. M is yet
Is cents below the highest price for
the season and X As cents while at
$3.50 has just tipped its previous best
figures. Like pales, Though, these
grades have all enjoyed substantial
advances of late.
While the lower grades have not
yet passed their high water mark of
the past six months, they are very
near them, and 1t is doubtless pret-
ty safe assertion that they have not
yet seen their highest value for the
year 1906-07. Although there have
been no such abnormal conditions as
disturbed the market last year. no
gigantic struggle between contending
buyers, common rosins this year have
brought much larger returns to the
producers than last season when their
million dollar export company was
in the field. Natural conditions OF
trade have proved far better sus
tainer of values than artificial condi
tions created by the agency. Take
4. for instance, as fair specimen
grade The average Of quotations fol
that grade. April 1-October II. 1906
|, was s4.00, while for that same period
n OF last year IL was s3.65. These figures
apply TO all of the lower grades, +
below, and in a less degree to Other
grades. While the figures have not
been compiled it is doubtless quite
safe to say that the gross returns from
any given quantity Of rosin this<yeal
has been considerable more than las
year, although factors claim that a.
a result of increased expense of oper
ations the net results to the produc
ers have not been as good.
The phenomenal demand for com
mon rosins has aided materially II
keeping up the other grades and II
bringing through the producers a
well as they have come to tsi
Generally speaking. their faith TO
to the darker rosins. With E at $4.S
the remainder of the year is -'---
one naturally begins to ask how mucl
higher 1t, and its sister grades, ma,
be expected to go before the seasoI
&C. euaad. and some cherish the
that $500 may yet be seen for tina
grade. Last year s4.45 was its tol
notch. but natural trade condition
have been better so far this year Civ
ing rise to the hope that new star
0ard OF Value 10 tSlduhoh0d.
wise consumers thus far have bee
those who have jumped in and take'
advantage of the slight periods Q
weakness to replenish their supple
OF these grades, and the same WI
doubtless be true of the remainder Q
the season.
The bull movement in turpentin
continued this week and sent tn
price up 66 1-2 cents, an advance
/ IA cents. The market was prett
well covered with bids until Frida
when a dullness in trade became al
parent. which seemed to indicate n
end OF the rise, for the tine being
least. Late Friday afternoon 1t wa
reported that the bulk of the days r
ceipts were unsold and that lowe
price was being bid. The foreign d'
mand is reported as not following u
upward trend to any material exten