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condition of the artificial perfume industry we regard it as improbable 

 that there will be any need for reducing the price to a material extent 

 within the next few months. 



Thymol. The trade in this article has been unable to recover from 

 the senseless competition which has ruined it. Since our last Report the 

 prices of ajowan-seed have become somewhat firmer, but in spite of this 

 it is impossible to bring about a corresponding rise in the quotations for 

 thymol, because some of the principal producers, calculating the price of 

 the manufactured article on the basis of the cheap raw material prevailing 

 some time ago, are determined to underbid. It is fortunate that our branch 

 of industry offers no other similar example of mutual "freezing-out", and 

 it must be a matter for surprise that the Hamburg manufacturers, who 

 are the parties most concerned, have not yet grown tired of continuing 

 this preposterous competitive fight. Speaking for ourselves, we have no 

 difficulty in disposing of our make at our own prices. 



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