|Object Name||Clipping, Newspaper|
TITLE: QUININE REDUCED: HYDROQUINONE UP December 15, 1921
Makers Cut Quinine Sulphate and Bisulphate to 60c Per Ounce and Salts in Proportion - New Basis of Hydroquinone $1.35 Per Lb.
Efforts to meet competition of Java and Japanese goods brought the price of quinine down sharply in the hands of the domestic manufacturers, the new basis on sulphate and bisulphate being 10c lower at 60c per ounce. Minor salts were also reduced proportionately. Java and Japanese grades dropped to the level of the domestic material, although this is probably a blow to some holders. Some producers of hydroquinone announced advances in their prices toward the close of the day. This advance of 20c per pound was not general up to the close, although it was believed that it would be followed by other makers in the immediate future. Nitrate of silver was slightly easier, the closing quotations being on the basis of 43 7/8c per ounce. Aside from these changes nothing was done in the way of price alteration by first hands during the period.
The quicksilver situation is virtually unchanged. Nominally, prices are held at $52 per flask, but it is stated in some directions that real business will bring out metal at under $51 per flask. Little purchasing has been reported, but prices are very firm in the hands of the importers, who apparently have the market fairly well their own way at the moment. Shellac is steady, but there is no excitement in the market and prices do not move with the rapidity of a few weeks ago. 'T. N. was unchanged during the period, while bone dry seemed to be a little firmer at the close. Menthol is steady, although there are reports to the effect that higher shipment prices from Japan have been named on nearby shipments. The crop is said to be about half of normal, and one firm received cables yesterday indicating that $4.15 per pound was the best available for shipment at the moment. Spot situation continues unchanged. Cocoa butter is still quiet and easy. Cod-liver oil is firm, but there is no very heavy inquiry. Antipyrene is fairly steady, but business is not sufficient to keep competition from shading prices to some extent. Caffeine is easy with pressure to sell existing in some quarters.
The general situation is apparently fairly well in the hands of the manufacturers. There are occasional items which are offered cheaper in resale quarters, but on the whole outside lots have been pretty well cleared. The result is that prices are remarkably steady for the condition of the market and that practically everyone predicts bigger and better business after the first of the year coupled with higher prices. Some prices are advancing rapidly at present, but whether this is due entirely to fundamental conditions or more to manipulation is difficult to say. On the whole, the condition is healthy and the market bids fair to recover its normal position as soon as business is resumed:
|Pub Place||New Almaden Mine|
|Cataloged by||Boudreault, Art|