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Pepper Oil. We have been afforded an opportunity of securing .. 

 several large parcels of raw material at advantageous prices, and have 

 thus been able once more to replenish our stocks for some considerable 

 time ahead. We have proportionately reduced the price, but we are further 

 prepared to quote special rates to any customers who are prepared to 

 consider the purchase of quantities of some importance. 



Peppermint Oil, American. Our New York expert is of opinion 

 that the firmness of this oil during the whole of the past year is due in 

 the first instance to the fact that even before the crop was ripe a few 

 of the dealers had made large contracts with the principal farmers at com- 

 paratively high prices. These contracts kept up the quotations and thus 

 helped to tide over a somewhat dull period, which set in when it was 

 found that, after all, the distilling had yielded a larger output than had 

 originally been expected. The total production of oil in 1911 is now esti- 

 mated at 240000 lbs. In the late autumn and in the winter a brisk demand 

 made itself felt, resulting in a large turnover at rising prices, which, 

 however, did not deter consumers in the United States. The stocks now 

 in the hands of the producers, amounting to only about 30000 lbs. to- 

 gether with the quantity still left in second hand, will hardly be sufficient 

 to cover the requirements until the arrival of the new crop. For this 

 reason the view prevails in America that an increase in prices may be 

 looked for within the next few months as soon as any considerable 

 demand arises, or if buyers should fail to observe the necessary caution. 

 As is well-known, the trade in American peppermint oil in Europe is 

 dominated by our well-tried brand of rectified oil "F S 8j Co." This trade 

 has been in a thoroughly satisfactory condition throughout the whole of 

 last year. We were able to supply our principal customers in good time 

 on advantageous terms, and the turnover considerably exceeded that of 

 previous years. 



It is still too soon to express an opinion on the effect of the long 

 and severe winter upon the peppermint-fields, but if the spring-weather 

 should be favourable and no late frosts should hurt the roots, the tigh- 

 tening of prices which is to be expected will doubtless induce the growers 

 to extend the cultivation. It will therefore be advisable not to lay in 

 supplies beyond July or August at the present prices. 



Peppermint Oil, English. The position is unchanged, and the ex- 

 pected advance has not taken place. In fact, consumers are becoming mof- 

 and more convinced that this article is much too dear at the present prices, 

 and for this reason they are turning in an increasing measure towards 

 our American brand "F S § Co." As a result of the painstaking method 

 of selection practised by our New York branch the quality of the last-named 

 brand has within the past few years been brought to a degree of ex- 

 cellence which is able to satisfy the most exacting requirements with 



