The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1915-03-21
Greater Pensacola Club Hear
Talks BY Men Familiar
With the Business.
BIG INCREASE IN
BUSINESS WILL COME
r. +. Mitchell, Major Wal
ter z. Cooney and G B.
Townsend Tell of Benefits
To be Derived by the City
and Community by an In
dependent Market.


open and independent naval stores
market. such a. viii ba established on
April !. were clearly shown BY proni-
uent men identified with this great
industry when they spoke before the
Greater Pensacola Club yesterday n
was Chamber Of Commerce day and
President Dohson % that organisation
acted as POSTMASTER ard outlined
what the Chamber o. Commerce is de-
ms 70 bring about the successful open
/ Ing Of this market Nr. nohson. IN
his preliminary talk. also dwelt upon
the navy YARD and said that prospects
are bright for further activity there.
even though Il u limited 20 aviation
work
r. y Mitchell was the principal
speaker o. the day and bis talk, while
telling facts of the past was Opt
mistic as 10 the future. He predicted
an increase OF so per cent in naval
stores within two years as the result
Of the independent market
Major Walter r cooney OF the
Antwerp Naval stores Co. spoke OF
the market from the standpoint %
the buyer and said he intended doing
everything possible 20 assist Pensanola
IN eputting the market over for this
port
c. p. Townsend. WIN has spent
life time In the naval stores business.
spoke Of the movement from she
brokers standpoint. he read an in
tarview which he gave cat IN 1899 ana
printed tn the Savannah Morning News
and Pensacola Journal In which "a
then predicted pensacsnla would be-
come the leading naval stores port -
the gulf
A point brought out IN an Informal
discussion following the meeting was
that Pensacola now enjoys . privilege
over thu L. a ~ OF handling naval
stores products from points east and
destined for Savannah that permits
such shipments remaining In yards
FOR two months before finally bslnF
sent 10 destination. An effort viii be-
made 10 secure an extansion OF terri
tory on the sems basis
Mr.. MITCHELL TALKS.
n. r Mitchell. who has worked or
the open market proposition for month";
and who Ia thoroughly ccnvarAant with
all conditions. was ene principal
spesser ~ the DAY and was loudly ap-
pleuded His address wac as Col
lows.
The subject Of our meeting todas
is of such great interest to me that
have consented 20 depart from ms
usual role Of listener.
a word u explanation In the be-.
ginning may tend % make some OF the
things which | shall say later clearer
90 those OK you who are rot particular
y familiar with naval stores and les
terms OF trade.
The terms open port, closed
pert and ediffernntiar' ghen used IA
connection with naval ss0rea. are in
tended 70 mean. open pert IL q naval
stores port, where Is concentrated the
naval stores product made In the ter
rltoFy adjacent. and these are daily.
as received. offered 20 the highest and
best bidder. and on these bld. sold.
Statistics Rs 20 receipts. stocks. ship
ments and prices are Kept and pub
lished daily There ara two such
principal open ports now, Savannah
and Jacksonville
"A closed port" IL a pert az concen-
tration Tor naval stores from terri
tories nearby. the daily recaipss of
which are sold under special contracts
10 buyers prices paid fos same beinz
based on what IA paid for similar
grades A. an open port market The
principal closed ports az present ara
New Orleans Culfport. Mobile ana
Pensacola. and their contract pricez are
} based On the Savannah Board OF
Trade market
DiffeFentlal Is the amount less
than the savannah market that is paid
Tor the closed port receipts. and
J these differsutisis VARY rom tlrna -
; time, - I viii tell yoa h,ter on.
When the naval stores business wss
{ first started on the gull coast nnu
, most particularly ~ Pensacola IL waE
as i al new ventures. very small ID
re scope. The sale of tie sinai
amount of product which they made
! was auto a problem. Ar that Lime the
= +. shooter interest Mas looming up
! ss the dominating receipts was taken
] up with him. ard his interests did buy
this product from the producers or
their agents. This led him and hi4 a.
sociates - tae investi cation Of the pos
, slblllties az the gulf states for the pro
ductinn ~ turpenfine. and this inveH !
tigaflon caused them % recognize.
that tbs future naval STORES territory.
I. would Be the territory aisng the Gulf
If Mexico. and they 81 course. made
. their E4anM araordfNEiN