Oils and Fats. 



288 



CEYLON CITRONELLA IN AMERICA IN 1905. 



Citronella has followed a varying course during the year, our record 

 showing twenty-five changes, touching the highest point at 42k. (U.S.A. money) 

 and the lowest at 31c. The year opened at 32c, but with a slight relaxation 

 in shipment values, 31c. was named early in January, but before the close of 

 that month the cheaper lots were out of the market and 32c, was again in 

 effect. With a stronger manifestation of primary values, a 37c, spot basis 

 prevailed in February, but a month later an abatement of the firmness abroad 

 brought the market to 31c. The situation was again changed late in March by 

 the withdrawal of early offers for shipment from Ceylon and the effort to 

 concentrate the stocks available on spot and for nearby arrival at lately pre- 

 vailing prices. Under these influences local values were enhanced, touching the 

 highest point of the year at 42k. This basis could not be maintained with 

 buying, interest subsided and without any primary reaction, drums were available 

 on spot at 38c, early in May. Some local dealers had apparently little faith 

 in the maintenance of the market and were willing to dispose of comparatively 

 cheap lots at a concession and values yielded to 34c, by the end of August. 

 Stocks had become reduced considerably by this time and following active 

 sales, the market was again on a 40c, basis by September. The upward course 

 was aided by the reports of an attempt to withhold primary offers. Under a 

 closer concentration of stocks, 42k. was maintained by October, but the market 

 has since yielded to the easier tendency of futures, closing at 34c The course 

 of values during recent years is shown in the following summary of high and 

 low quotations for each month: — 



CITRONELLA OIL. 



1905. 1904. 1903. 902. 1901. 



H. L. H. L. H. L. H. L. H. L. 



Jan.... ... 32 31 ... 27 26 ... 22 22 ... 23 23 ... 20 20 



Feb.... ... 37 34 ... 27 27 ... 22 21 ... 23 21 ... 20 20 



March ... 37* 34 ... 27 26 ... 21 21 ... 20 19* ... 20 20 



April ... 40 37 ... 26 26 ... 20 20 ... 19* 19* ... 21 19 



May... ... 40 38 ... 25 25 ... 22 22 ... 19* 19| ... 19 19 



June ... 37* 36 ... 26 25 ... 22 22 ... 19* 19* ... 20 19 



July ... 37* 36 ... 24 22 ... 22 20 ... 19* 19* ... 19 19 



Aug... ... 36 35 ... 24 23 ... 20 20 ... 19| 19* ... 19 19 



Sept. ... 35 34 ... 25 24 ... 20 20 ... 19* 19* ... 19 19 



Oct.... ... 40 35 ... 28 25 ... 22 20 ... 19* 19* ... 19 19 



Nov. ... 42* 40 ... 32 30 ... 22 22 ... 19j 19* ... 19 19 



Dec... ... 40 37 ... 32 32 ... 25 23 ... 22 22 ... 23 19 



Year. ... 42*. 34 ... 32 22 ... 25 20 ... 23 19* ... 23 19 



CEYLON COCONUT OIL IN AMERICA. 



A REVIEW OP THE TRADE IN 1905. 



Prices throughout the year underwent narrow fluctuations and at the 

 opening of 1905 quotations for spot round parcels were quoted at 6§c. (U.S.A. 

 money). The highest point touched was in January, July and August, when the 

 market was quoted at 6fc, and the lowest point reached was in April and May, 

 when the price was quoted at 6£c. Daring the first four months of the year nothing 

 of special interest occurred and under a steady demand and a firm primary market 

 prices touched 6|c. during the latter part of January, owing to scarcity of supplies 

 and the blockade in traffic, due to snow storms causing a scarcity of freight cars 

 and consequently delayed deliveries. In the absence of buying the market yielded 

 and general dullness was experienced on and off up to the close of June. At the 

 opening of July, however, prices started on an upward movement as a result of 

 heavy purchases by principally large Western consumers. The active demand 



