PRICES OF PEPPERMINT OIL. 



15 



The following table" gives the highest and lowest prices of pepper- 

 mint oil in bulk from 1873 to September IG, 1905 : 



Year. 



1873 

 1874 

 1875 



1876 

 1877 

 1878 

 1879 



i8a» 



1881 



1882 

 1883 



Year. 



1884 

 1885 

 1886 

 1887 

 1888 

 1889 

 1890 

 1891 

 1892 

 1893 

 1894 



Year. 



1895. 

 1896. 

 1897. 

 1898. 

 1899. 

 1900. 

 1901. 

 1902. 

 1903. 

 1904. 

 1905* 



Highest. 



$2.00 

 1.85 

 L25 

 .90 

 .90 

 LIO 

 1.80 

 4.'» 

 4.75 

 3.75 

 3.45 



Lowest. 



$1.70 



1.20 



.90 



80 

 75 

 80 

 10 

 70 

 20 



25 



I 



* To September 16. 



The good prices of the past few years have caused many farmers 

 to look again to peppermint as a profitable crop, as noted in increased 

 areas under cultivation in many localities. This is the case not only 

 in Michigan and Indiana, but also in New York, where for many 

 years the peppermint industry has been declining. Thus, if favor- 

 able conditions of growth prevail, an increased production may be 

 looked for within the next few years, which will have the effect of 

 again depressing prices. 



As is the case with other products the prices of which are subject 

 to great fluctuations, the condition of the market for peppermint oil 

 needs to be closely observed. The cost of cultivation per acre has 

 been stated at from $12 to $1-1, and, with a charge of 25 cents per 

 pound of oil for distillation, the market price may easily fall below 

 the cost of production. 



o From Oil, Paint, and Drug Reporter, September 18, 1905, p. 7. 



o 



