The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1907-09-13
a RAY OF HOPE SEEMS AHEAD
large interests May Move 10 Support
TuTpentine Market-FinanciaI
Conditions Continue Tiuht
nal, W--ly Naval Stores Review

~I.-- trI'utIUo MAS - cents in
SEPTEMBER lsr3 three. Years ago. Il
aid a.- -.ara that pric. again until
fl.- a.... uh.u once more on YES
'-rla.. Pc. marb-, waS posted at that
i-.f.. 4 s,ar aGo aj This time il was
g. .'u--. and MO l,ars ago it MAS
o.. D. GENTS. Spirits is accordingly
LrN selling al g. a cash below what il
nrll-.. .a-INr months aco. and near
. g, e. .a-A below what it WAS in tn.
.I,u.Ug g September. 14u5.
80 much in the way OF comparison.
Bt Ua. az review. IL can be pointed
ugr -aa- with ,he exception of a tri-
fus auu movement engineered by an
t.Npur' TX interest for a few days i'm
.-arly August. the trend of the spirits
rlrp.uI.u" market has been steadily
anNn4 arI since the season opened.
ON e IL the closing quotations on
each f-iay for the past five months
Mil De- found. A glance at this shows
tow th- market has steadily retro
graded from The price at which il
opened 7ae year, 80 cents ON April l.
April brought a drop of five cents,
Man Of tx cents. June was marked
bS WI sustained market. with
slight variations in quotations, July
brough' a IAN OF TWO cents, August of
about cent. and SeptembeT's first
week was marked 10y a slump of two
history Of spirits turpentine for the
season Of I@07-0S, up 10 date.
What OF the future9 The prophets
have all aiken TO the woods. Il felt
confident said one OF the largest fac
tors yesterday, that at 81 cents the
bottom rad been reached. especially
a. theEe MAS then some slight tenden-
c. to Nmproye and brokers reported
consumers apparently inclined to
send in orders. But my expectations
were speedily crushed, and now. with
express an opinion AZ the same time
[ cannot bU1 feel that at - cents OF
any price below that spirits 'urpen-
the l. bargain that consumers
should snap a."
THIS factor undoubtedly expressed
the opinion OF the facroragr trade in
general. which is much disappointed
AZ The low point that has been reach
I'D for rurpentine, although. feeling
VERY much gratified that rosins have
co9 tinued To do So we'll. Two large
faSOrs stated TO Review representa-
tive> that at the close of August they
had struck trial balances for their
customers. the producers, and with
very few exceptions found that the
results Of The seasons operations up
10 date had been fairly satisfactory,
IF rurpentine would only improve.
and rasins continue To do As well on
the average as they have 50 lar
done" said one leading factor the
season would not prove bad one ioi
prodnceTs as a class. There are al
NAYS some who do not come out
ahead. owing 10 bad management OF
peculiar conditions they could ho'
control but the vast majority would
find the season profitable if spirits
would soon react 10 some extent "a!
~ least 10 - or 80 cents, and resins
holdt heir own.
afhe South Florida operators, oil
some of them at least, are the primer
nal sufferers this year from cohul
lions they could not control toreS'
fires. drouth. labor troubles dFlhs
r-aas .-c and a number of their &C
counts 40 not show up well, but IE''
does not apply TO producers IN o'he'
districts
Tbara i no concealing the fact tina
those having the largest interests :"
stak, have become somewhat alaII III
80 ovar The recent declines IN tur
nen,ine values II is UNDERSTOOD INA
il j. quite probable if financial eohui
zion will warrant il. that some SUI
s,snria1 support will soon be given Il
the narke-. Money is still tlshI AM
therein lies the difficulty. 1t Is hoI
cd that in the near future there VII
he p drawing closer together or all III
terests in an effort TO bring about
healthier state of prices.
Ir may be three or four weeks oe
fore the movement Of cotton VIII re
heae the financial tension to some e'
teuA and ease up the money SITUATION
As illustrating exactly what III
money status is. ii can be authorita
lively stated that a Savannah fac'o
representing several wealthy produ'
ers who were DESTROYS of carrying
considerable quantity of spirits
tanks until a betterment OF ralue
came. at their request visited four
the largest Savannah banks TO secur