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Naval Stores Review NAVAL STORES REVIEW AND JOURNAL OF TRADE | od cA Weekly Paper for Naval Stores Producers, Factors, Exporters, Dealers, and Manufacturers of Soaps, Varnishes, Paper, Printing Inks, Bic. VOL. XXVIII, No. 14. SAVANNAH, GA., Saturday, July 6, 1918. Price, $5.00 Per Annum | IE IE IE A SI A IE SEE BE ISERIES | J. A. G. CARSON, President. H.L.KAYTON, Ist Vice-President. J. A. C. CARSON, Jr., 2nd Vice-President J. D. WEED & GO. W. A. CHRISTIAN, Secretary P. J. THEOBALT, Treasurer. i Savannah, (eorgia Wholesale | dIS0N Ivaval S(0IEs Lompan Hardware ] : : | Organized in 1879. Oldest House in the Business Bailroad opikes FACTOR S Bar Band and Hoop Iron == AND=— Turpentine Tools, Etc. = WHOLESALE GROCERS I PRINCIPAL OFFICE oa, | Rano oFrcE £ ro Croomwn » | i SAVANNAH, GEORGIA [~=-1 4 JACKSONVILLE, FLORIDA | BD Bi o P | f National Bank Building ; Atlantic National Bank Building < = 5 i —_ td | With an organization unsurpassed and ample means at our S > m=, Re command, our facilities for handling your rr seagey | business are second to none T m &R2 en he | | NS CoD SIN : rr OQ gp & =] = oo iF | m-— 5 = 5: w = $5 3 i < & RR TLC CCL ud ee | O = == i: pa > 1) > - —— Bw = br m mg E on en CHESNUTT & O’NEILL 0 OD = iE NAVAL STORES FACTORS = &2 (55 SAVANNAH, GA. A = Bb A Word to Producers: O = £ 3 We do strictly an independent Oo Tl = GM 5 business on our own capital and never : > pas &= borrow any money on receipts of Naval m cgi | Stores, or customers’ notes; therefore, 1 O od oT in dealing with us you are not only 7) = Sp assured of what you arrange for, but on} Pe —= ge any amount to your credit is always ES 5B safe and payable on demand. O A ump 2 wn i CORRESPOND WITH US — Tm (5h po @ | fl 2 nh ©; | DN —< |: | SAVANNAH WEEKLY N AVAL STORES REVIEW AND JOURNAL OF TRADE Et O'KEEFFE & LYNCH Exceptional facilities for the placing of MARINE AND WAR RISK INSURANCE MARINE on Hulls and Cargoes and their Insurance Brokers and Adjusters Ae inherent interests to and from JAMES A. SPROULE, Marine Manager ALL PARTSOF THEWORLD OFFICES IN Unlimited markets for the placing of TT LONDON, MONTREAL, PHILADELPHIA AND BOSTON Special Risks and open policies on rn Correspondents in all the Principal Cities of the World 45 JOHN STREET, NEW YORK Naval Stores and flied IPyodiicts ~—— i EIT RENINGULAR NAVAL STORES COMPANY 3 ] | J. F. SPETH, Yori NAVAL WHOLESALE STORES GROCERS FACTORS SO ls AND DEALERS IN TURPENTINE OPERATORS SUPPLIES OF EVERY DESCRIPTION io RECEIVING POINTS: TERT JACKSONVILLE, FLA. AND SAVANNAH, GA. | $000,000.00 CAPITAL | omen {TIEN CORRESPONDENCE FIL I ASKIN. SOLICITED nt O. T. MCINTOSH, President D. T. FURSE, Vice-President — DIRECTORS — HowARD ASHBURN, Moultrie, Ga. N. EMANUEL, Brunswick, Ga. W. R. BoweN, Fitzgerald, Ga D. T. FURSE, Savannah, Ga. J. J. DorMINY, Broxton, Ga. R. G KIRKLAND, Nichols, Ga. 0. T. McINTOSH, Savannah, Ga. SOUTHERN STATES NAVAL STORES CO. SAVANNAH, GEORGIA FACTORS AND COMMISSION MERCHANTS DEALERS IN GENERAL SUPPLIES Receive Consignments at Savannah, Ga., and at Jacksonville and Pensacola, Fla. We make prompt sales and returns Pay drafts of responsible parties against bill ladings When shippers desire to hold Rosin or Turpentine, we will hold it for them and make reasonable advances on same ACCOUNTS SOLICITED CORRESPOND WITH US SAVANNAH WEEKLY NAVAL STORES REVIEW AND JOURNAL OF TRADE Savannah Naval Stores Market MOVEMENT OF NAVAL STORES FOR FOUR YEARS RECEIPTS OF TURPENTINE APRIL 1-JULY 4 Office of 1918 1917 1916 1915 WEEKLY NAVAL STORES REVIEW Savannah Lions dnin aa Ti 12,884 28,997 31,878 37,326 Jacksonville ..... iui ; 23,287 44,857 49,907 28,306 Savannah, Gta., July 6, 1918 Pensacola 6,884 20,113 22,208 20,184 The shortage in the receipts of rosins, 113,000 barrels at the three main ports 43,005 93,967 103,993 86,815 up to this time, and probably 200,000 Decrease for 1918 compared with : barrels for the naval stores belt, is former years.. ....... cc... an 50,962 60,988 42,810 having its effect on the visible supplies. Per cent. decrease... .on.. connec... 54 58.6 50 The stocks at the ports of Savannah, Jacksonville and Pensacola, are now RECEIPTS OF ROSINS APRIL 1-JULY 4 about 60,000 barrels less than they were 1918 1917 1916 1915: three months ago and as they are Savannaly Sidr mt inte Ga 43,675 1,815 86,695 109,293 notoriously short elsewhere it is quite Jacksonvillel. wi. nnn nl I 72,239 117,515 121,627 80,710 likely that the visible supplies at all Pensacola muti hci ir 21,220 £3,706 57,454 47,006 markets today are fully 100,000 barrels less than on April 1, despite the fact : : 139,134 252,836 265,776 257,009 that the shipments to foreign countries Decrease for 1918 compared with have been notoriously very small. former years x atu 113,702 126,642 97,875 Domestic consumers have been draw- Per cent. decrease ......cccoeer iceeencenn s 45 47.6 41 ing quite heavily on the fresh supplies and the rosins brought over from the TURPENTINE STOCKS CLOSE JULY 4 previous year. The much higher values 1918 1917 1916 1915 cannot stop the consumptive demand SAVANNA. cecuese: seerecmancee um ebaimat seam 24,131 21,464 11,907 23,056 although doubtless many or most in- Jacksonville .. ....... ....... Tn ge 55,471 28,601 27,783 17,837 dustries using rosins are still buying PNAC... oii varies tannins ona 338,650 31,111 18,286 18,114 as sparingly as possible with the hope of the market turning in their favor 113,252 81,176 57,975 54,007 | again—with a very quicksandy founda- tion on which to rest their hopes. ROSIN STOCKS CLOSE JULY 4 : ‘I'rue, this week there has been a 1918 1917 1916 1915 slight recession of values, but it has SAVANNAN. iin tee she Sr antiagsieie 82,507 67,154 65,051 b8,773 been of very minor consequence and Jacksonville... ut iia 16.,012 154,808 114,423 68,016 almost any day an upward movement Pensaecla nnn Ls 40,525 85,090 69,584 86,170 may come again. Conditions are all against those who cherish the hope of 290,04 4 307,052 249,058 212,959 any material declines or any permsy- nent return to a lower basis of values in either turpentine or rosins. Tur- regard to either, the association is NEW ORLEANS pentine, to. be sure, has shown more subject to miscongeption in important weakness this week than it has in directions. After conferences between Iransactions reported represent sales some time, and has suffered a rather the leading interests it was agreed that made by producers who are members of the sharp decline, from 65¢. to 613c¢., and the a change in the ownership of shares Turpentine & Rosin Producers Association was highly desirable, and acting upon and are wired by them to Secretary Speh at market in a somewhat doubtful state New Orleans. at that. But even this is to be regard- this conclusion the shares of the factor- age and producing interests were taken June 27.—Rosins: Sales, 1560 WG at ed as a somewhat transient mood and $10.77%; 150 M at $10.53. one that consumers cannot afford to over upon a liberal and entirely satis- July 1.— Rosins: Sales, 120 WW at neglect or misunderstand. Little factory basis. The company, as reconstructed, will $11.00. 20 WG at $10.80; 60 N at $10.75; periods of dullness that manipulate the 500 I at $10.75; 500 H at $10.75; 500 G market in their favor should be taken naturally and logically continue its efforts for the maintenance, upon a at $10.75; 500 F at $10.75. advantage of for there is certainly no July 2.—Rosins: Sales, 125 WG at sign on the horizon that gives reason sound basis, of the industry upon which it is dependent, and in its operations $11.05; 500 M at $10.75; 500 K at $10.75. to expect any change from the general (For other reports see page 12.) prediction of a forty to fifty per cent. will hope to enjoy the good will of decrease in the season’s supplies. producer and consumer alike. Yours very truly, that felt the imperative need of a large distributing concern to assist in steady- New York City, July 2, 1918 Rosin & Turpentine Export Company KE. S. NASH, President. ing the market and protecting the Editor Weekly Naval Stores Review, industry from the threatening demoral- Savannah, Ga. ization. Bowring & Co. of New York Dear Sir:— The above interesting communica- and London became stockholders with Your esteemed journal being the tion confirms the reports that have them and were then, and since, the chief vehicle of information to the been current in trade circles for some distributing end for the United King- various naval stores interests, we weeks that the factorage interests repre- dom. In 19186 the company was re- venture to use its columns to inform sented ia the R. & T. Export Co. were organized under a Georgia charter, your readers of the changes that have about to dispose of their shares to the large Northern financial interests— been made in our organization, other interests and withdraw from any the American International Corpora- Imprimis, let me say that all of the connection with the distributing end tion and W. R. Grace & Co.—then interests hitherto embraced therein ‘of the trade.
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