The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1906-12-14
TURPENTlNE MARKET.
But Little change-Producers Show
No inclination to Cut Prices.

For four days of the week ending
last night Spirits turpentine was quo.
ed at &C IA cts. Thursday 1t advanc-
ed to &C IL and yesterday afternoon
to 81 IA cents. This week in keeping
with its record of the past few weeks,
in none of which it has developed any
particular strength or any particular
weakness. When it has been put up
it has generally been little piece of
manipulation work on the part of the
buyer interested in giving the market
a temporary boost The advance yes
terday to 67 IA cents was probably
along the same line. If so there will
doubtless be the usual result, perhaps
a day or two of this, or perchance
even a better price, and then a little
toboggan slide act to &C cents again.
Receipts continued just about as they
have been for the past three or four
weeks. There are several weeks of
good receipts ahead yet. Then comes
the slump in receipts to the very small
proportions that mark the end Of the
season, when the residum of the old |
crop is being marketed and prepare
tiOns pushed for the new crop. Oper-
atoms for the new crop of 1907-0S are
now pretty we'll under way, bus fac
tors say they see no signs of any de-
sire on the part of the prodcers to
bring about their own ruin by making
big crop, such as they threatened to
do last winter and were only prevent
cd from doing by a combination of
circumstances adverse to heavy pro-
dJction. Factors are carefully watch
ing the situation so far as the next
crop is concerned and will doubtless
act as a unit if there is any apparent
inc Ehation on the part of any large
number of producers to cut too much
over production and low prices for ma
val store for another year. The high
prices of resins have helped to pull
producers, in measure, out of the
hole, but even as it is the factor per-
sists that there has been less money
made this year than in some years
when turps and resins were on a low
er basis.
The fluctuations in resins were also
within narrow margin this week, as
will be seen from the statement of
daily closing prices. Probably every
day there were sales of the lower
grades made at two or three prices on
each grade, brought about by different
buyers paying higher for some and
lower for other grades. Waterwhite
one day got down to $685. but imme
diately after returned to $500. There
were somewhat larger receipts Of
this grade, 400 barrels being posted
sold, some held back stuff that has
just been turned loose by the produc
ers. Windowglass was quoted at
$6.15 and $6.25 throughout the week.
Medium grades showed but little in
clination to change, the quotation Of
nj remaining the same, K advancing
cents 10 the close of the week. l
advancing from $40 to $3.50 and then
falling back to $3.50. The lower
grades were the ones in which buy
ers displayed the most interest, and
which brought a variety of prices ev-
cry day, the net result of the weeks
trading being, in comparison with the
closing prices of the previous Fri
day, a partial advance of five cents
on II and T, and advances of ) cents
on and below. There is no COM
plant expressed over the prices that
are being paid for resins, of any
garde, all quotations doubtless being
much higher than anyone believed
would govern. Considering that this
month and the next two make the
period of heaviest receipts for COM
mons it is evident that the low
grades have done remarkably well so
far. disappointing the expectations of
consumers who had looked for lower
values before this. For twelve weeks
ahead of heavy arrivals of these dark
grades, and on the results of those
weeks depend in large degree the
financial results of the season for the
producers. One factor who has stud
led the situation says their profits
are to be made from now on, and that
hence there will be the closest kind
of scrutiny of the common rosin
market from now on and much anxiety
as 10 what it will do. Over ninety
per cent. of the remainder of the sea-
sons receipts will be H and below.
Back and side combs, "all new"