The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1915-04-18
SAVANNAH CAN
NOLCNGE:R NAME
THE PRICES HERE
Sales During the. Past Week
Demonstrated the Logic
of an Open Market.
PRICES ARE BEING
FORCED UPWARDS
Inquiries for Rosin Yester-
day Were for an Amount
Larger Than on Hand

Pensacola has taken her rixhtfni
place In the naval stores world. II
came with the sale tho past week over
$4,000 barrels ~ rosln and the sale
yesterday Of 500 caalum OF turpsntine.
all at prices far advanced over the
quotations Of two weeks ago, when
Pensacola was declared an open port.
Savannah can no longer name the
price az which Pensacsla's receipts are
sold. and men well posted I'm thu In
dustry are confident tfat within q year
or two Pensacola will be the leader in
thu naval atorea world, BY reason OF
the fact that her receipts are larger
now than those Of any other receiving
point.
Yesterday closed the first two week's
Of the open market The trading
could have been brisk had the factors
desired 10 sell. but M offerings in ros-
ms were placed or the board. and the
only spirits offered were 500 barrels,
which sold az ~ cents. ON advanee %
half cent over the previous days
quotations.
Inquiries from buyers during the
day showei that there In a demand
for much larger ainomnt OF roSiu
than all 81 the unaold stocks en- hand
PRODUCTION Is OFF.
ssAtissies POSTED y,wtsrday N re-
ceipts and shipments. ilnowed reeelpts
at the ports OF Pensacola. Savannah
/ and Jacksonviise are s. per cent small
er than on the same date last year
/ which proves the contntlon Of many
that the crop this year will be short
~ any for several years.
3 u A. "a.
/ tscally NO unsold stocks OF rorlns on
exists NJ Jacksonville. leaving Penna-
cola with what unsold product there
remains on the market.
LIFE INTO MARKET.
n now looks as though the opening
Of the Pensacola market was the one
thing required 20 lvsn ND the market
| generally. IL has been langusshing
for fully eight months and az many
times during those months II seemed
entirely without life From that day
that II was publicly stated that the roe
ceipta Of naval stores at Pensacola
would no longer be sold under con-
tract. based on the savannah prices,
the market began 90 show signs u life.
and now there Il a good demand At
advancing prices for all aasp.ntine and
rosin.
The factors who have supported the
open port az Pensacola feel and say
that PsnSacoIa's market n entitled 70
the fun credit for thu present healthy
conditions in the trade. az the publish
ing OF port statistics. including the
daily sales. prevents thu beaIish ela-
ment from forcing down the market
at Savannah In order 20 then come 20
Pensacola and fill their needs. This
they were able 10 do without any one
learning Of the sales, far the reaaon
that no publication % Ualf coaating
trading was ever made and therefore
never affected the primary markets.
except 90 have them depressed IN or
der that the gulf coast tiirpentins ana
rosin could be had Al unrnasonably lon
prices
SHOULD SUPPORT MARKET.
The turpentine operators az Florida.
Alabama. Mississippi and Louisiana
should and are lending their support
20 this movement, as IL has already
saved them immense sums BY TN
creasing the price Of their product.
This Improvement can be made great
er by them II they viii sol their pro-
duct In Pensacola on the floor of the
Chamber Of Commerce.
The fact that receipts are off 20
such an extent indicated very short
/ crops and the operators By selling
through the Pensacoia market can rea-
lie much better prices than II they
throw their support 20 Savannah.
BUYS 10000 1ARRELs.
/ The largest individual purchase
made during the past week was by !.
W. Boellard. vice. president Of Busch
/ q Jollea. Incorporated. w'ho bought
4 900 barrels last Friday This trade
vas closed after 9 New Yak member
81 the firm had looked over the sltea-
ton In that city and Informed the To-
cal head OF these conditions.
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il THREE Man KILLED