The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1914-07-12

10 cents a barrel on all production
of those who come into the movement
was determined on to pay expenses or
the movement The claim was made
at the meeting that legal advisers had
stated that the existing Savannah
methods of selling were morally en-
tirely wrong and Illegal
Conferred With President Motto.
Members of the committee were in
Savannah this week in consultation
with President Motto of the Board of
Trade and other prominent naval
stores men. What the outcome Will
be cannot be indicated. 1t will be re-
called that the system OF selling on
individual grades was tried last year
for a time and then abandoned by the
factors as inimical to the interests or
the producars. The Western producers
| claim in their statements though, that
| the receipts of pales in savannah are
| SO small as to amount to almost noth-
| ing 1t is, therefore, to the interest
| Of selling companies on that market
| to establish a quotation in Savannah
| very much below the real value Of the
| article and take on the bulk OF the
| American crop of pales manufactured
| in the West at ridiculously low prices
| The custom prevailing there Is to sell
all rosin in lines That is, each FACTOR
each day puts on the market his total
| receipts. A buyer has to take the
whole line Therefore very often the
prices of B and other grades influence
| the price of water white.
| MIR. Chilean says that the meIhoo
of selling in lines is obsolete. Ihls
| method formerly was used in selling
cotton, but has been abandoned on &C
| count of being morally unsound. {
! will make New Orleans the center OF
| the naval stores trade, as II Is tne
| center of production. and that the
| other Western producers agreed with
|
| brought about at Savannah the West
J ern territory will become lndepend-
| emit
| Some of those with whom the Lou
| isianians talked while here report ina
! the visitors make very strong ooJeC-
| tions to the Savannah Board OF 1rade
| methods of establishing prices, ana
| stated that they believed it would De
to the interest of the producers oA
| their section to have the New orleans
Chamber of Commerce or other plop ~,
| organizations handle naval stores on
ITS boards, with the stuff there sofa
| to buyers from day to day as In "a :
| vannah. This would apply also 10
| Mobile and Pensacola. me SAY an
| nah Board of Trade has always peeh
willing to give full nearing 70 <;r,s
| complaints as to it's system OF posting
| prices. and no doubt If there Is any
| real grievance on this score 1t can De
| Thoroughly threshed out IN an I'M
| partial manner.
May Have Important Soaring.
| "Whether the trade would pc pent
| fitted, or suffer, as result Oh mutt
| nlication of open markets, posting
| nrices daily, no one can de1nitely say
but the results would probably TOT =
time prove antagonlstlc 10 staoill'S VI
prices and accordingly at the mrs,
| seen, inimical, at least, to the genera
interests Of producers. In the leau
iustment the trade is passing 'hrous II
these and other questions are LIKELY
| to come up at any time.
Il among dealers the opinion seems
+o he growing that this is the last
80 for the system Of contracting
in advance to take the receipts at tie
,r,,lf norris at prices based on the ID
vannah quotations. The ilclease ,.
production in that section. the pfese,.,
differences showing the clashes llhe I
to arise between buyers and 1actols
nv PRODUCERS. and the larger nuInoer
IF reliable buyers willing TO trace on
| orap markets there. makes II SEN
| ouite likely that Arrangements "1ii "
made before April, 1918, to nave
| ceipts at least at Pensacoia ,Iitd =
/ Orleans sold as they are at Sd az 10
"a arksonville At New Orleans loui
large Savannah houses no" nav
| 6ces The London savannah. 'oitilio-
standard and Antwerp, there are ~
) local houses, D. ID. Peabody anu 'oiie
| PonSCh
- ME seem there should be ace
ouate Competition there for supple ne
on an open daily market. t.ellse, 90 -.
| would also be the scene VI - =
q rs6iys O estimated that Mobile handle,
$500 to o3 900 casks Ca so OF earPs
! th.+ Win New Orleans as an oPe'
market the sales made there olretIi .,.
or ,r indirectly in the adjacent TERRITORY d3,I3
on the New Orleans pass; Mua as
each 100, 900 casks. The entire CUES
tion is pretty apt to be threshed gu
in the next few months and a furthe'
change in the evolution OF me p ~
ness is to be anticipated. In TINS con
: nection the Review would be please'
to have the views of the trade
, Board Discusses "
The attitude of the gulf port pro
dncars was preached at the meeting
:. of the directors of the Savanna
Board of Trade last Tuesday puI &C
, cording to Secretary IhoHlas -
, Of board. nOInlnS