The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1906-05-04
THE TuRPENTINE MARKET.
Spirits Firm at 81 cents-Demand
More Than Receipts--Rosins
Show Gains.
Savannah Naval Stores Review Week
Ending Last of April.)

Savannah Naval Stores Review Week
Ending Last of April.)
Turpentine holds up remarkably
well. April is almost over, but one
more trading day, and the lowest point
reached for the month has been ga
cents. At this price there has been
active trading this week, and the re-
.ceipts, 3,415 casks. have been all taken
eagerly by buyers last night there be-
ing untitled orders on the market
which insured a firm market for to-
day. Altogether turps keep in splendid
position, with the outlook, as it seems
from all present indications, bright
enough to satisfy any one. Last Satur-
day there was a large sale of May
August futures to large exporter, at
so cents cleaning up everything offer
ing and running up into the thou
sands of casks. 1t is stated that more
could have been sold if the factors
had been in position to offer them.
With May-August futures bringing 60
GGHlS anu uOllG OlLCIllEs Will LllE SDOl
market about to open May at 81 cents,
the immediate future would seem
about as satisfactory as even the most
eXacting producer could ask for. 1t
is regarded as doubtful whether pro-
ducers will offer any more futures at
so cents, but if few blocks are put
in factors hands for sale there is every
reason to believe they will be quickly
taken up. Receipts keep somewhat be-
low those of this time last year, and
it is the belief that when the factors
get in their statements in full for
April it will be found that there was
very marked falling off in receipts
for the month.
AS stated May opens with the mar
ket In good shape, with the foreign
and American demand totally unsup-
piled, the April receipts having been
but mere nibble to the manufactur-
ers needing spirits. and it is the i'm
preston that May should bring a very
active trade in the article.
Resins also kept up the pace this
week that they set some time back
and scored further advances, the clos
ing quotations on Friday showing, in
comparison with those Of the previous
Friday gains Of cents on water
white, 10 on windOwglass. n. NJ. X. 5
on l. 10 on II. on G.. The receipts for
the week at Savannah were S,7l3 bar
rels, and the posted sales were 6,724
barrels, of which 1874 were pales $40
mediums and 1880 H and below.
Mediums and commons seemed the
strongest at the close yesterday and
it was regarded as not improbable that
they would enjoy some further adj
vances. The receipts of /. X and NJ are
very small at present, and for some
little time to come. and they would
seem to be in good shape to enjoy
some gains. Commons are also re-
garded as more than likely to do some
what better than hold their own. They
are in demand from the beginning of
a year to the end, the supplies never
seem to be too large these days, and
as the worlds requirements for them
broaden with each year they would
seem to be in the finest of positions
for the whole of the season. Pales are
about to enter their period of heaviest
receipts. May. June and July, but up
to this time the arrivals have not been
great and the market has easily taken
care of everything coming to it at the
high prices which have prevailed right
along. The immediate furture of pales
depends on the consumptive demand,
mainly from American sources, and the
posted sales hereafter for some weeks
to come should show a much larger
proportion OF the three top grades than
they have done during the past four
weeks. Up to this time there have
doubtless been receipts Of pale resins
at all the ports approaching 10000 bar
rels, and the fact that they have been
snapped up on higher and higher
prices tells how much they were need
ed. No past year ever opened with
waterwhite. windowglass and n occu-
plying as strong a position as this sea-
son. Their future will be watched with
the geratest interest.
Receipts of Florida string beans i'm
Cincinnati are on such a scale that the
market is practically flooded 1t takes
Florida to do it.
Mobile cabbage in northern markets
are bringing SO per crate.
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