Part 15

The prewar price of the dry tops was about 6 or 7 cents a pound. Its price in June, 1920, was 17 to 18 cents a pound. The oil was once used extensively in the manufacture of absinth, but when the use of this product was restricted in 1912 the demand for the oil fell off and the price declined, until in the early part of 1915 it reached the low level of $2 a pound. The price in June, 1920, was about $13 a pound. The average annual production of oil of wormwood is about 2,000 pounds. Owing to the limited use of this oil, there appears to be little room for further profitable expansion of this industry.

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Transcriber Note

Illustrations relocated to avoid splitting paragraphs. Minor typos may have been corrected.