Savannah morning news. [volume] (Savannah) 1868-1887, 1883-01-06
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SAVANNAH MARKET.
OFFICE OF THE MORNING NEWS, !
SAVANNAH, January 5, 1888.
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WEEKLY REPORT.
GENERAL REMARKs.-The past week was
decidedly dull in commercial circles. with
comparatively nothing doing, while the only
feature worthy Of notice was the election for
President Of the Cert fal Railroad aud Bank
ing Company, which took place on the LIST
inst, and which excited more than usual in
terest. The opening Of the week was observed
as a holiday, and since then the market has
barely settled down TO its usual shape, while
the demand was very slow and rather
tame in all departments, and beyond
the few mailing orders received, which were
only for immediate wants, the volume Of trade
has been exceedingly light The previous
week closed the business of the year, and from
the general summing up the actual volume
has been fully up to the average of the several
years past, and the results even more than
satisfactory. Although our merchants as a
rule, are carrying full stocks, the
low price OF cotton has materi-
ally retarded the jobbing trade, yet
large crops have partially Offset this. Mer-
chants are already making extensive prepa-
ratiOns for the spring trade. The money mar
ket is less stringent, while sterling exchange
continues firm. Securities have been very
dun, while Central stock has a weak look and
quotations lower. This state Of things is at
rributed to a bear movement on the part Of a
few disappointed Spectators, and not much
Importance is attached 10 it. Values have I'M
dergone some few changes, provisions show
ing marked declines, with other lines holding
about the same.
NAVAL STOREs.-The market for resins has
been rather quiet, and for the most part prices
were more unsettled and irregular, closing
with the better grades nominal, while the
Lou Haa nj
There was very little business doing, the de-
mand on the part OF buyers being principally
for small orders. The sales for the week
we're about $500 barrels. In spirits turpentine
the inquiry was rather sluggish, buyers show
ing no interest, while holders seemingly have
no pressing desire TO sell, and the market as a
rule was entirely nominal, only 49, barrels
changing hands for the week. In another
column viii be found our usual weekly table
Of receipts and exports from the lst OF April
70 date, and for the same period last year,
showing the stock on handand on shipbOard not
cleared, together with quotations at the close
Of the market to-day.
COTrON.-There was apparently more doing
in the market during the week under very
free offerings By factors, but buyers have
shown very little anxiety in their operations
and only take hold ON liberal concessions.
while, ON the other hand, holders are free
sellers at anything like a fair price. The
situation in the market shows no improve
ment. adVices from Liverpool being very
weak and depressing both in spots and fu-
lures, while New York seems TO be
in full sympathy, with the exception
Of to-day's report, which was rather more
favorable. The receipts at the ports having
continued on such liberal scale has served
TO confirm the impressions Of the early part of
the season Of tremendous crop, which has
had the effect Of forcing prices down to a very
low margin. Although the feeling prevailing
in our market now is that the values have
about touched bottom, while the receipts
at this port for the week shows a material
falling of, the tone Of the market was quiet
and weak, and at the close prices were I-l60
sc. lower for all grades. The sales for the
week foot up 1860 bales. Below we give the
official quotations of the market as announced
at the Cotton Exchange at the closing hour
To-day.