John,
I picked up a neat storage idea while at the recent ABS Hammer-Inn down at Haywood Community College, Waynesville, NC. Get a section of 4" PVC (no more than 2') cap the bottom and seal with plumbing cement. Let it dry for a day and then just store your solution in it. I also put a screw cap on the top to keep containment's out.
I'm still very new to this knife making venture, but I am having decent success mixing the Radio Shack Ferric Chloride, White Vinagar, with distilled/rain water at a ratio of 1-1-7. I've not tried it on Damascus......just carbon steel to bring out the quench line. I will try it on Damascus, hopefully in the future once I begin to experiment with forge welding.
P.S. Quick Tip, after you have built your storage vessel for the solution, grab a wire coat hanger or similar length of scrap wire/rod and shape two small hooks at either end. This will keep you from having to reach into the mix and retrieve your blade. Simply drill a hole in your tang and suspend in the solution.