NAVAL STORES REVIEW AND JOURNAL OF TRADE A Weekly Paper for Naval Stores Producers, Factors, Exporters, Dealers, and Manufacturers of Soaps, Varnishes, Paper, Printing Inks, Etc. VOL. XXVIII, No. 52. SAVANNAH, GA., Saturday, March 29, 1919. Price, $5.00 Per Annum 8 €€£€LL<LLLLLLLLLLLLLLLELELLLLLCELECCCCELeCeeeeeeeee Cd SCO0ICICICACICACCACICLCICICACICSICICH0IICINN J. A. G. CARSON, President. WANTED H. L.KAYTON, Ist Vice-President. J. A. C. CARSON, Jr., 2nd Vick-President W. A. CHRISTIAN, Secretary F. M, STAKELY, Treasurer. To hear from Turpentine Operators who wish to Sell turpentine and rosin Carson Naval Stores Compan for future delivery PETTEWAY INVESTMENT CO, Organized in 1879. Oldest House in the Business ROOM 26 FACTORS PETTEWAY BUILDING =m AND = TAMPA FLORIDA WHOLESALE GROCERS ee —— LLCs Same > PRINCIPAL OFFICE 2 BRANCH OFFICE ££ rm |. SAVANNAH, GEORGIA 5-5 JACKSONVILLE, FLORIDA > = -_ iF National Bank Building Atlantic National Bank Building 3z= |i 1TOPIseId With an organization unsurpassed and ample means at our command, our facilities for handling your : si 2 ET ~ business are second to none «.. WE INVITE YOUR CORRESPONDENCE.... S128 5 LLLLLLLLTLLLCLL - CSCC ER RNAI RAT DN 2999992332) 99399%353935%>5%8 FL Qpii= i EERE EERE EET EEE SR EES EEE EE zx xs xs xn MEER im 20 = I 90: = > 2 2 | on CHESNUTT & O’NEILL ‘CA om i NAVAL STORES FACTORS npc Een |H SAVANNAH, GA. _ 2353525 0 Nios + A Word to Producers: We are now shaping up our business for the coming 3 EE RRL season, and would like to hear from operators who would nM & 5 like to make a transfer, or open an account with us. Ow 32” ht Simply send us a schedule showing assets and liabili- ties and amount that will be required to next shipping season, and we will reply promptly. 22239252322 ESE. Xx We do strictly an independent business on our own capital and never borrow any money on receipts of Naval 0 J3r = | * Stores, or customers’ notes; therefore, in dealing with us —H20 = i you are not only assured of what you arrange for, but any amount to your credit is always safe and payable on demand. 0: = |& CORRESPOND WITH US 2229923993 A> = i PD — SRR RBIS HT IIIA TAHARI RX RS 3335553335559 >555>> P2222 Eh Aa Re 2 SAVANNAH WEEKLY NAVAL STORES REVIEW AND JOURNAL OF TRADE 00eeetteeeeeteeecteeeesTcIeeeeeeteseeeeITLIILLLILLLLCIEERTRLELLTEILLLCTTLLCCCCCcceS C00 JorN E. HARRIS, Presiu n- JoH « H Pow «1.1L Vice President H L. RicaEMO~ i:, Viee-Pr. sident D. M. FLYNN, Loeb President Lenin L. M. Pow=LL, Ratvaty Treasurer HD ~~~ ~~ FLYNN-HARRIS-BULLARD COMPANY HEH JACKSONVILLE, FLA, SAVANNAH, GA. INEST OT NAVAL STORES FACTORS and WHOLESALE GROGERS GROCERY BRANCHES IEE JACKSONVILLE AND TAMPA, FLA, SAVANNAH AND BAINBRIDGE, GA. ES . A house whose conservative management and financial strength is unquestioned and unquestionab e in the naval stores industry We solic't the patronage and the bus ness of the producer of naval stores * » % * ¥ #4 i % ¥ ¥ ¥ *R ¢ # ¥ & o Ld bo 8 & %® BIXEE 2 Frerescumnn is 28 2 RRR ERRE ELLER & BEEBE RB IRE LR ERER SEBEESTEITD wwene | PENINSULAR NAVAL STORES COMPANY : 8 et | NAVAL STORES FACTORS ; Vie enter J WHOLESALE GROCERS : i 8. H. Brg, Hi DEALERS IN TURPENTINE OPERATORS SUPPLIES OF EVERY DESCRIPTION Bory & Pron) RECEIVING POINTS: : Ewer i 4 | JACKSONVILLE, FLA. AND SAVANNAH, GA. : CAPITAL CORRESPONDENCE SOLICITED $1,000,000.00 |; offices: { A iL My avional Bank Building, TAMPA, FLA. : IRREBEEES SEIS IEEANNAERIII IR ADD BREnaD sees DEN EERE IIE HIN IINIEIAEE ES % RERPERE RDF BASSI ERR REIL H CHIIIIII IEE I IIH EIII LINN H RD E 0. T. MCINTOSH, President D. T. FURSE, Vice-President — DIRECTORS — HowARD ASHBURN, Moultrie, (Ga N. EMANUEL, Brunswick, Ga. W. R. Bows, Fitzgerald; Ga D.T. FURSE, Savannah, Ga. J. 1. DorMINY, Broxton, Ga. R. G KIRKLAND, Nichols, Ga. 0. TT McINTOsH, Savannah, Ga. SOUTHERN STATES NAVAL STORES CO. ~ SAVANNAH, GEORGIA FAGTORS 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 wiil hold it for . them and make reasonable advances on same ACCOUNTS SOLICITED CORRESPOND WITH US B22 2232323022302 0239592393032 3 903300335333 SIFTS IIIT 3 50) > >) gr SAVANNAH WEEKLY NAVAL STORES REVIEW AND JOURNAL OF TRADE 3 awakening and while the orders are not The Patterson Brokerage Company, Savannah Waval Stores Market generally of large proportions consider- of Jacksonville, has issued the follow- able rosins continue to pass out o ing views on the rosin situation from dealers’ stocks. a statistical standpoint: — Savannah, Ga., March 29, 1919 It is in the export situation, though, Barrels 500 Ibs. Cleared from Savannah, March 27, that the clouds are more rapidly dis- “Stocks at Jacksonville, steamship Zualdijk, for Rotterdam, 4,327 appearing and the outlook becoming Savannah and Pensacola 240,000 barrels of turpentine, 1,880 barrels of very encouraging. It may sound ex- “Stocks at all “other rosin. travagant, but a perfect flood of foreign {estimated oo ins win 210,000 shipments is in prospect for the next ‘*Production 1919-20 same Receipts continue very small. At sixty days, i.e. a flood compared to BE NBII i 1,080,000 the three ports for March to 26th inst. the recent movement. To the United “Karly in February it was they were turpentine 3,124 agaiast Kingdom alone a movement of well generally believed that pro- 5,143 last March; rosins 13,032 against over 20,000 casks of turpentine is in ductiion might be increas- 30,237. sight for April-May. Cargoes are ed 10 to 20 per cent. next understood to be scheduled for London, season. Kxcessive rains Liverpool, Bristol and other ports. A over the whole belt during The whole naval stores aspect seems movement of 2,000 casks from Phila- six weeks, as described in to be rapidly changing. The period of delphia to England is reported, and the Naval Stores Review, depression is rapidly passing away and from New Orleans 5,000 casks are going has so retarded work that unless thereis arecrudescence of trouble to Glasgow, four shippers contributing the new crop will be one or in Europe that puts up new barriers to to make up this cargo. Small lots are two months late. This con- international trade just at the time moving out of New York and the out- dition hus alread discount- when the few remaining impediments look for freight room is distinctly better ed expectations of increase, give promise of being speedily removed than i$ has been for a long time. “At Jacksonville, receipts an activity in foreign trade is in sight On the rosin side the outlook is fully during first 26days of March that will materially alter the entire as good. A further heavy movement were 5181 barrels of rosin as situation of both turpentine and rosins. to Holland from northern points is on compared with 17,318 bar- As the AHReview has indicated from the cards, a shipment of about 10,000 rels during same period time to time, domestic consumers who barrels from Galveston to Liverpool is last year. have been building their plang on a movement of unusual interest to “Total stocks and produe- tremendous drops in values of naval trade circles, and there is also a nearby tion season 1919-20 ............... 1,530,000 stores are basing their bopes on a shipment from Savannah of 2,000 to foundation of sand. Itis now regarded 3,000 barrels to Liverpool. Dealers do PROBABLE DEMAND by experienced men in the trade as not anticipate any let up in exports “War Industries Board's very doubtful that rosins will decline now that they are really opening and a estimate of domestic con- much, if any, below the level at which decided shrinkage in American stocks sumption per vear.. .. coeeeee. 997,020 they have been recently offered to con- will apparently result in April-May, ‘“‘Average annual export sumers, i. e., $1.50 to $1.75 below quota- months that give promise of small during four war years, per tions of January 22, when the last trans- receipts. In the face of this and the YOR Liisi sein iil st 800,000 actions between factors and dealers were known needs of American consumers posted. With a small erop in prospect the situation as to future prices has Potala EHR AURS 1,797,000 —and there is now no assurance that it certainly improved as compared with Sehoriagel oo Las 267,000 will be larger than for the year enling a month ago. “Norz:—Average annual pre-war ex- Monday—and with a world-wide de- ports for some ten years were 1,354,000 barrels (Gov't figure). Average domes- mand to be met from a production The turpentine market continues tic shipments 997,000 barrels, making hardly more than half of the old firm at 70 cents, with no salesin excess time normal peace crops, there is normal production 2,351,000 barrels of current receipts, some minor inroads before the war. : apt at any time to be seen a being made on the tanked stuff. The pressure of demand on supplies that “The increased demand from: abroad strength shown by this commodity will be almost entirely for commons. will put values beyond the quotations recently has grown out of two factors, of January. Prices cannot be forced the very small receipts and the open- Increase in production, if any, will down to peace levels when the produe- consist of pales. ; ing up of foreign trade. Dealers are “If figures above are even approxi- tion of aun article has been cut in half not believed to hold much turpentine mately correct, the trade must see that and the world’s requirements are on stocks and the factors and producers the up grade again, as they unques- the common rosins to be required in 1919 and speculators having tanked tur- cannot possibly be produced.