Oil, Paint and Drug Reporter Volume 95

Oil, Paint and Drug Reporter Volume 95

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919-04 edition. Excerpt: ... The real strength of the turpentine market recently has been the active demand for Great Britain, and, as has been explained in this column, the probability of lower freight rates has been one of the causes for the active demand at this time. It may be that the English demand is about over; if it is, there will be a pause in the advance--whether there is any break or not. As long as there is an active export demand, however, it is to be expected that the price will continue to climb'. There has been a fairly good domestic demand on the advances, better than _ it was when the price was lower. This would seem to indicate that there are American consumers who do not turn to substitutes when turpentine goes up. The situation in rosin is much different from that in turpentine. England has a large stock of rosin on hand, and is not in the market for rosin as it is for turpentine. South America needs rosin and has bought some in this market this week. Both Brazil and Argentina are buying rosin in a most conservative manner, however, and are not willing to buy in a manner to give much strength to the market. The domestic demand for rosin is not active, and the market eased off from 20c. to 75c. a. barrel this week. The movement of the new crop continues light. The receipts of rosin at Savannah, Jacksonville and Pensacola last month were 18,993 barrels. Last year the April receipts were 22,593 barrels in 1917, 40,856 barrels, and in 1914, 72,484 barrels. It does not look now as though this year's crop was going to be any larger than that of last year, in the opinion of many wellposted men who have canvassed the situation carefully. TURPENTINE. There has not as yet come any break in the price of turpentine. On the other hand, the price...show more

Product details

  • Paperback | 978 pages
  • 189 x 246 x 49mm | 1,710g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236755154
  • 9781236755155