The “Semi-Annual Report of Schimmel & Co. (Fritzsche Brothers)” from April-May 1906 offers a comprehensive overview of the company’s global operations and market conditions during that period. Schimmel & Co., a prominent German firm specializing in essential oils and perfumery, provides insights into international trade, economic challenges, and regional developments in this detailed report.
The report highlights the company’s active engagement with various international markets. Despite Japan’s internal challenges, its commercial relations with Schimmel & Co. remained robust, with expectations that the new commercial treaty between Japan and China would further enhance Japan’s purchasing power. In South America, Brazil faced economic instability due to fluctuating exchange rates, hindering commercial interactions. Conversely, Argentina showed favorable prospects, with increased immigration and internal wealth contributing to a low-interest environment. Chile, however, struggled with the implementation of the gold standard, leading to speculative activities and economic volatility, which adversely affected exports.
The report also addresses the challenges in the camphor oil market. Deliveries from Formosa were minimal, with red camphor oil exports failing to meet expectations. The demand for white camphor oil in Japan surged, rendering significant exports to Europe and the United States unfeasible. Consequently, the value of camphor oil shipments from Japan in the first half of the year declined compared to the previous year, despite higher prices.
The 1906 semi-annual report of Schimmel & Co. provides valuable historical insights into the company’s international trade dynamics, economic challenges, and market conditions. It reflects the complexities of global commerce during that era and underscores the importance of adaptability and strategic planning in navigating international markets.