Naval Stores Revivm penne AND JOURNAL OF TRADE Nw A WEEKLY PAPER FOR NAVAL STORES PRODUCERS, FACTORS, EXPORTERS AND DEALERS, N22 AND MANUFACTURERS OF SOAPS, VARNISHES, PAPER, PRINTING INKS, ETC. 77 Vor. XXXII, No. 10 SAVANNAH, GA., SATURDAY, JUNE 4, 1921 Price $5.00 PEr ANNUM Nempmaats™ NETH J. A. G. CARSON, President 1A H. L. KAYTON, Vice-President J. A. G. CARSON, Jr., Vice-President W. H. BARBER CO. C. H. CARSON, Vice-President at Jacksonville 3650 SOUTH HOMAN AVENUE CHICAGO, ILL. Names Carson 1 Rosin, Turpentine S227 Naval Stores Company 7 Pine Oil, Etc. Organized in 1879. Oldest House in the Business. DIRECT SHIPMENT FROM SOUTH. BUYERS, aman FACTORS IT WILL PAY YOU TO SECURE OUR PRICES. PRODUCERS, PLACE YOUR OFFERS WITH US. | AND Ne ~~ Na? WHOLESALE GROCERS 7 PRINCIPAL OFFICE BRANCH OFFICE we A SAVANNAH, GEORGIA JACKSONVILLE, FLORIDA SALES DEPARTMENT 7 National Bank Building Atlantic National Bank Building aw NN With an organization unsurpassed and ample means at our Gillican- Chipley command, our facilities for handling your business are second to none deg Company, Inc. 77 WE INVITE YOUR CORRESPONDENCE as NEW ORLEANS, LA. TIAN Nada” DOMESTIC SALES OFFICES AND AGENCIES 777 ol OF praca Nag Columbia Naval Stores Company INN OF DELAWARE a Distitied 20d Distributed by * GILLICAN-CHIPLEY S82 Head Office: SAVANNAH, GA. COMPANY we. 7 NEW ORLEANS, LA USA. CE mmad® NEW YORK - - - - - - 17 Battery Place Nam ) BOSTON - z - 88 Broad Street, Room 322 LN PRODUCERS, DEALERS PAILADELPHIA Dowdy Bros, Lafayette Building AND N22 PITTSBURGH E. E. Zimmerman, Bessemer Building CHICAGO - - 155 North Clark Street EXPORTERS CINCINNATI - . - - 320 Gwynne Building OF 7 se NS — CLEVELAND - 372 Kirby Building, (Grund & Krause) pS DETROIT - Western Rosin & Turpentine Co., Palmer Ave. Rosin—Turpentine 7 SAVANNAH WEEKLY NAVAL STORES REVIEW AND JOURNAL OF TRADE JOHN E. HARRIS, President JOHN H. POWELL, Vice-President H. L. RICHMOND, Vice-President D. M. FLYNN, Vice-President L. M. POWELL, Secretary-Treasurer FLYNN-HARRIS-BULLARD COMPANY JACKSONVILLE, FLA. SAVANNAH, GA. NAVAL STORES FAGTORS and WHOLESALE GROGERS GROCERY BRANCHES JACKSONVILLE AND TAMPA, FLA. SAVANNAH AND BAINBRIDGE, GA. A house whose conservative management and financial strength is unquestioned and unquestionable in the naval stores industry We solicit the patronage and the business of the producer of naval stores it wha PENINSULAR NAVAL STORES COMPANY President NAVAL STORES FACTORS J. P. SPETH, GROCERS in ats WHOLESALE Sew’y & Treas. || AND DEALERS IN TURPENTINE OPERATORS SUPPLIES OF EVERY DESCRIPTION Hi RECEIVING POINTS: JACKSONVILLE, FLA. AND SAVANNAH, GA. CAPITAL CORRESPONDENCE SOLICITED $1,000,000.00 Offices: | Atlantic National Bank Building, JACKSONVILLE, FLA. * | American National Bank Building, TAMPA, FLA, 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. O. T. McINTOSH, Savannah, Ga. SOUTHERN STATES NAVAL STORES CG SAVANNAH, GEORGIA FACTORS AND COMMISSION. MERCHANTS DEALERS IN GENERAL SUPPLIES Receive Consignments at Savannah, Ga., and at dacksonyille and Peusacola, 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 3 Naval Stores Market Movement of Naval Stores for Five Years Saturday, June 4, 1921 RECEIPTS OF TURPENTINE APRIL 1,-JUNE 2 Today [Saturday] 712 turpentine offer- 1921-22 1920-21 1919-20 1918-19 1917-18 ing; 150 sold @538). Next best bid 52% Savannah ............ 17,433 10,416 8,347 6,163 14,612 refused. Rosins, 1195 offering. Sales 885 Jacksonville ......... 16,149 15,874 12,520 12,671 25,712 at minor changes from Wednesday’s pri- Pensacoln ..c.eo. dr 8,031 6,051 4,842 2,919 10,289 ces. Daily quotations etc. on page 34. 41,613 32,841 25,709 21,753 50,613 Turpentine exports in April were the Dec. or Inc., 1921.. I 9,272 I 15,904 I 19,860 D 9,000 lowest with one exception in that month % Dee. or'iIne...... I 28.7 I 61.8 I. 91.3 D178 in twenty years or more, while for ros- ins they were the smallest with one RECEIPTS OF ROSINS APRIL 1,-JUNE 2 exception in ten years. A fair idea of how exvorts ran in the “good old days” 1921-22. 1920-21 1919-20 1918-19 1917-18 compared with the present time is Savannah ............ 41,889 28,440 17,845 22,783 42,845 shown in this statement for April: Jacksonville ......... 34,211 51,935 89,294 36,712 64,550 Bbls. Turps. Bbls. Rosin. Pensacols .....d...... 15,581 20,640 14,776 10,421 28,099 Year. 50 Gals. 500 Libs. is... 4,357 29,986 91,681 101,015 71,915 69,916 135,494 1920: oil... 12,408 48,166 Dec. or Inc., 1921.. D 9,334 I 19,766 I 21,765 D 438,813 isngr 17,753 39,548 % Dec. or Inc....... D 09.2 LL. 27.5 I 31.1 D 323 Bois 4,230 39,471 otro 5,455 55,956 TURPENTINE STOCKS CLOSE JUNE 2 IG 10,575 63,061 1915 13,627 62,369 1921-22 1920-21 1919-20 1918-19 1917-18 fof 12,923 81,045 Savannah ............ 8,184 1,778 7,667 22,589 12,826 OTD. to. 17,608 37,807 Jacksonville ......... 21,559 2,994 13,920 52,515 32,341 1912 24,594 Pensacola ............ 8,124 1,508 24,792 85,953 25,652 Another week of generally depressing 37,867 6,280 46,379 111,057 70,819 influences ‘with both markets suffering losses that, with prices as low as they ROSIN STOCKS CLOSE JUNE 2 are, are serious, in their effects on the 1921-22 1920-21 1919-20 1918-19 1917-18 producer’s net cash returns, putting the Savannah ............ 76,688 13,916 55,076 91,262 65,387 industry below ‘the point of profit and Jacksonville......... 177,405 40,097 121,843 153,997 143,842 making it imperative, if conditions do Pengacoln J... ieee 57,379 26,547 50,933 46,362 78,5673 not improve, for steps to be taken to curtail production after this month. 811,472 80,580 227,852 291,621 287,802 Producers of naval stores cannot sell their turpentine around 50 cents and their bulk of production around $4 per 280 lbs. and make any money this sea- looked for and hoped for. And it looks is loading there, moves to Jacksonville son. That is the concensus of opinion now as if the pep would be absent until and is expected to sail for London about June 10. In addition to the spirits tur- of those who have studied the situa- Fall. tion. And if they are not making money In turpentine the week brought a pro- pentine for that port, it will take 4,000 to 5,000 barrels of rosin for Hamburg. they are losing money, and factors are nounced weakness and declines from not inclined to make advances after The S. S. Brasher, Savannah to Liver- day to day. Dealers show a lack of pool, has 600 turps, 100 rosins aboard. June to places whose balance sheets confidence in the commodity, an aver- show from month to month that they sion to stocking up materially, despite are going backward financially. Low The rosin price situation, as pointed ! the acknowledgement that most, if not out, 1s critical for the mass of produc- 4 prices may accordingly bring their own all, of them, look for a smaller produc- # he cure by forcing radical steps to bring ers, whose bulk of output is made up of tion than last season. Consumers are the lower grades. Foreign trade is very production down even below the ten buying sparingly, as they need the inactive in them at this time, the sales to fifteen per cent decrease as com- turps, regardless of the fact that spirits pared with last year that is now gen- in all directions reported of limited look so cheap. The English consumers, quantities. The French rosins are fill- erally accepted as in sight. private advices state, regard turpentine There is only one explanation for the ing in much demand that American ros- as still too high. Perhaps American ins in times of greater industrial activ- present course of prices, and that is consumers entertain 'the same senti- ity were accustomed to meet. At home sheer dullness of trade. The domestic ment. The United States has not come trade is dull, the general foreign trade the pale rosins have been offering more back from ‘the slump and universal de- freely. Soavpmakers, it is claimed, have 18 dull. The United Kingdom is in a pression with the swing that was ex- shown some obstinacy with regard to ~ mess, with the Inish civil war, the coal pected. Naval stores suffer just as filling their needs on the higher prices strike, the mass of unemployed, the for- other raw products do. eign trade unsatisfactory. The Conti- London has seen a big drop in spot Continued on page 34 nent is still more or less of a seething turpentine this week, from 99s. per mass of discord. Germany is the only cwt. to 87s., and merely nominal at that place ‘that really shows improvement figure. In futures no interest was from a naval stores viewpoint. Rosin shown. The deliveries, which for sev- Tank Cars For Rent orders come in from there with pretty eral weeks had run from 2,500 to 3,00 00d regularity now, and while they are barrels, dropped last week to 1,250 bar- We have for lease steel underframe for small lots the volume of actual rels, ithe previous week to 1,350.