The Ocala banner., 1906-10-26

,sins Go Down But Soon Rebound.
Every Downward Movement Has
Had An Almost Immediate Reac-
zion Most Of the interest Of the
Week Was centered in Resins.

q cent and a quarter between last
Friday and Wednesday, but had a
speedy recovery and at the close yes
terday was selling at 66 S-4 cents,
one quarter of cent above the close
OF the previous Friday, and with a
much better tone than at that time.
Receipts for the week were small
I. but 2,S76 casks, which assisted those
<interested in higher values. For the
month the receipts are about on
parity with those of the same period
last October. Factors claim that the
conditions in the woods are such as
to continue the hold down production,
no Improvement being apparent in
the labor situation. Both exporters
and domestic buyers were in the
market during the week and the daily
requirements were sufficient to alb
sorb the offerings. The fluctuations
OF the immediate future are expected
to be within fairly narrow range.
Factors assert that if producers can
mot make the stuff they expected to
even 40 cents would not mean a
profitable result of the seasons work
to them, and that they have been so
hampered this season by both labor
and weather adverses that there is
but slight prospect of their finding
he net results at the close anything
lear what they had reason to look
forward to. If period of financial
depression should come on the av-
rage producers, it is held, would
pot be in very good shape to meet it,
with high priced timber on their
land and balances not in the shape
hey should be.
Most OF the interest of the week
1 was centered in rosin, which devel-
4 oped a sudden and entirely unexpect-
1 ed weakness, resulting in very sharp
declines on practically all grades, the
lowest range of values being touched
on Tuesday and Wednesday. when
windowglass was down to $3.50, N TO
$500, M to $500, K to $40. I to $4.25.
@ to s4.20. to $4.15, e to s4.05, D to
}4.00, A-C to $3.S5. The chief suffer
Ing were the pale and medium grades
which showed declines OF 25 TO so cts.
per $50 fbs. As was to be expected
the sudden drop in prices speedily
rought about its own cure in the
ape of heavier demand that speed
changed the current of the market
nd started prices moving upward
:ain, so that by the close today in
eations are that considerable of the
'oSses will already be made up.
4 Every downward movement OF late
has had almost an Immediate reac-
| ton. and only those who have jump
Y "a into the market with twenty-four
forty-eight heurh have profited by
lower prices.
Rosins firm, receipts. 1897, sales,
2X4. Quotations: WV $500, VIC
$3.50. N $500. M s4.S5-9O, X $40.
ti37 1910, H s4.35, G s4.25-30, F
N2O-25, E s41O-12 IL, d $410. CA
NOO-e5.
At the recent meeting of the Ma
1onal Paint, Oil and yarnlsh Asso-
r alton, Mr.. c. w. Dill reported on
le naval stores conditions as fol-
VS.
The current crop is being readily
orbed at fair values, consumers
ring adjusted themselves to natur-
conditions.
II is argued that prices are legiti-
much dearer than in former
"a. the natural outcome OF the fact
nt while the world is growing and
inde always enlarging the crop OF
0ul stores remains always and or
lecessity of unchanged dimensions.
Weather conditions this season
been unusually adverse. heavy
ns having prevailed throughout
pine belt almost continuously
ring the spring and early summer
e period of greatest production.
The position and outlook are
Althy and a maintenance or values
M to be a reason able conclution.
Mood turpentine-I have oeen
wing this article closey since
Convention of two years since, at
n time I did not consider wood
g line was either a financial or
uercial success on account OF tne
nlarity of production then being
dced. Since that time new
.ods have been employed and To-
there are one or two manutac'
rers who are making an a0solutely
Hiorm article and it is meeting with
ked success among the yarnisn
paint trade
'arties still pursuing the ola ue
We distillation process are go
ng on about the same lines as
ore. and the steam process so
/ can learn, is almost entireiy
out ON account of the expen-
ethod of production
,uld be very pleased to see tne
from the committees appoint