|Object Name||Clipping, Newspaper|
TITLE: MAKERS ADVANCE PRICE OF HYDROQUINONE 25 C SUBTITLE: Material Which Has Admittedly Been Selling Below Cost of Production. Advanced to an Inside of $115. Per pound PUBLISHER: [JOURN] AL OF COMMERCE December 23 [year not known]
Manufacturers announced the expected advance in the price of hydroquinone yesterday, pushing their quotations up 25c per pound to an inside of $ 115 per pound. Keen competition in this material a short time back forced several sharp declines and brought prices to below the actual production costs of the majority of the producers. The latest action on the part of the producers alters this situation and makes the sale of the material again profitable. There was also an advance of 3c per pound in the price of priming ether. Cold weather demand for this material has been very heavy and the advance came as the direct result of this increased inquiry. Nitrate of silver closed the day fractionally lower, with sales going through at 44 3/8 c per ounce during the period. This closed the action of the day so far as first hand prices were concerned.
The quicksilver situation has grown steadily stronger and at yesterday's close nothing better than $47 per flask was possible in the market. Some factors were quoting $46 per flask, but this could not actually be done when real orders appeared. The situation on spot is in firm hands and the fact that Italian replacements are hard to get and Italian exchange is very strong has made for a really firm market for the first time during the present movement. Artificial strength has given way to real strength in the opinion of well informed factors, and some sellers predict a $50 market within a short time.
Essential oils were without import change during the day. One seller offered safrol slightly cheaper. Gingergrass oil was also lower in some hands. Shellac held firm at recently prevailing prices, but the excitement has about died out of the market leaving only the usual steady demand, which is apparently well taken care of. Menthol was a firm, feature during most of the period. Buyers were in the market for jobbing lots to some extent, but large business was lacking. The position on spot is well maintained, but there is some uncertainty in regard to shipments which must be ironed out before a really firm position exists in all quarters. Quinine was in the usual demand and remained very steady. Java and Japanese grades are variously quoted, but actual orders failed to locate very much at less than the prices of the American manufacturers. No further change in the salicylates late group took place during the period. Some factors believe that salol will shortly be advanced to a level compatible with that existing on the other members of the group. Others state that inquiry for that article is not sufficient to warrant an immediate advance.
Note.The prices given in the subjoined . [remainder of article is not available]
|Cataloged by||Boudreault, Art|