The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1908-01-24
THE TURPENTINE MARKET
Spirits and Resins Have an Upward
Tendency-The Outlook
Brighter
BRIGHTER

vanced TO % II and on Tuesday to
"a, at which price it remained steady
during the remainder of the week,
maintained by some small domestic
orders and the support Of some OF
those regarded as interested in get
ting the market on higher basis than
has been ruling of late.
Fortunately for those desiring the
maintenance OF better values than
have prevailed, receipts were light, an
average of about $50 casks day. The
posted sales for the week were 500
! casks below the posted receipts and
there was no life to the market yes
terday. Whether those who began the
bull movement and assisted in SHOW
ing up the market Il cents, or s. a
cask. inside of a fortnight, are ready
to stand under it as a further prop, re-
mains TO be seen. 1t is not imprOb-
able that there has not been an addi-
rion to the speculaJively carried stock
of spirits and that a proportion OF the
spirits bought on the rapid rise, espe-
cially above 50 cents, has not yet
found its way to the consumers, the
vast majority of whom do not seem to
be very much in need of supplies at
this time and are not rushing orders
to market because of the bull move
ment and the great advance in quota
tons.
This is not surprising, of course, as
NATURALLY the industries using turpen-
tine must continue to feel the after
effects of the panic and to proceed
very cautiously in the purchase Of sup
plies. a condition not likely to disap-
pear for some time to come.
1t is certainly a fortunate thing
that the producers are better inform
ed as to the outlook than for some
years past and that the cut Of virgin
] timber this winter is to be one Of the
smallest on record. Another large
crop would spell ruin with a probable
' reduction of consumption in sight and
r the great quantity of speculative spir-
= its. tanked and otherwise. carried
= over. None of the speculative hold
ings have yet been disposed of, and
= there seems to be no likelihood of its
e finding it's way into the channel of
= consumption before the new crop
S starts to market, a few weeks hence
No futures are reported sold and the
5 conditions for the future seem to be
d somewhat chaotic What may or may
t not be done as to prices the next six
k or seven weeks is of small moment
= The extreme tail end of the season
L., cuts but small figure. 1t is on the
values of the new crop that the
it thoughts of all interested in turps will
d soon be centered and the conditions
3, that will effect those values are what
20 will be studied from now on.
n Resins All Move Up
Y Resins enjoyed another week Of ad
n vancing values and at the close yester
f. day the Savannah quotations, in com
T, parison with the previous Friday.
IL close. showed advances as follows
r w. w. 10. W. G. 10. n. 5, NJ. K. 1 H
q Is, G. 20. F. Is. f. 171-2, D.-A. 90. AT
Id ter the close of the market there wer
sales at even better values on CON
" mon rosins. One lot sold at $500 70
or II. and G. $3.50 for F, S345 for E, an
81 $40 for D.-A The advances tina
If have marked the last two weeks hav
NJ been very pronounced. and low grad
N rosins are from S1.25 to $3.50 a roun
b. barrel above what they were a
n Christmas time.
or While some reaction was not Uney
of pected after the tremendous drop j
la values of H. and below that cam
with the advent of November, it
ve hardly probable that there can be an
mi return to the very high level Of value
all that marked the dark rosin mark,
as during the early part Of the seasOl
re The main thing that will Operat
against this is the likelihood of
greatly increased production of thes
90 grades. All indications point to thi
Labor is plentiful and cheaper. ne
g. boxes are not being cut except in
much smaller way. and the attentiC
90 of producers the coming year will J
F concentrated on old boxes. The co
seQuent results must be increased pr
- duction Of dark resins and much kaa
~o Ter receipts of them in the fore part
10 the season than usual. Indeed. it
- quite to be expected that the nav
- stores year of 190S-09 will be mark'
mo by a continual preponderance Of COZ
mon resins in the receipts. Fortunat