Savannah morning news. [volume] (Savannah) 1868-1887, 1883-01-13
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SAVANNAH MARKET.
OFFICE OF THE MORNING NEWS. .
SAVANNAH, January y, 1888. 4



WEEKLY REPORT.
GENERAL Misunderstanding has been lie
veIoped which merits special attention. the
market presenting much the same situation
as previously reported; the ordinary inquiry
c.sly existing. which has been RATHER moder-
ate and Indifferent in almost all departments
0f trade, and in the main. the month adj
vanees, business has been more dissappOint
ing than otherwise OF course the inclemency
Of the weather for the previous weeks has
had a restricting tendency along with the very
low prices at which cotton is being quoted in
this market. 80 that interior buyers having
been in sympathy with these important inilu-
ences have held back their orders to a consid-
cradle extent, and as result trading through
out was very quiet and inactive. In the dry
goods jObbing trade movements were quite
light. and the course OF values more pro-
nounced in favor Of buyers. For the grocery
trade there was more doing than previously,
although the demand will only about equal
the average at this period, while prices are
fairly steady. In hardware business
has secured more attention and a fair move
ment was effected, while nails showed a slight
reduction. In all other departments there
was little doing, being precisely in the same
condition a the previous week, with no
changes in prices Of moment, while all our
merchants unite in declaring collections as
being exceedingly slow and the most uBsatis-
factory known. The money market continues
fairly easy, with foreign exchange firmer and
higher. Securities are quiet, with only light
investment demand.
NAVAL STOREs.-The market for rosins was
quiet, but very steady for the week. There
was some little demand for the better grades
which are nominal. owing 10 the scarcity Of
stock, while the inquiry for the medium and
lower grades was fairly active at present
prices. The sales for the week were some
6,5O0 barrels. The remarkable feature OF the
market was the continued large receipts for
this week, being fully 9O26 barrels, which is
unprecedentedly heavy for this period. Spirits
turpentine was very irregular and unsettled
during the week. with buyers and sellers
apart at times. Holders, however, seem TO
he apparently Indifferent to push
business, feeling all the confidence in the posi-
tion of the market. and stand ont on the eX-
treme limit Of valuation, so that the tendency
is a very strong one. The sales for the week
were 1870 barrels, the bulk Of which were
made at sic. for regulars, while the market
closes nominal. Elsewhere will be found our
regular table Of receipts and exports from the
Ist Of April To date and for the same time last
wear, showing the stocks on hand and ship
board not cleared. with quotations at the close
Of the market to-day.
COTTOS.-The market has been quiet for
the greater part Of the week, but on Tuesday
became steady, closing to-day firm. middling
showing an advance Of Lice. only. There
were no changes of Importance in the market.
with very few features worthy Of note, eX-
cept that values are considerably below all
other markets while the buying Is still of an
unimpOrtant character and the demand with
out great deal Of improvement, the actual
sales for the week being only 1883 bales. The
following resume Of the weeks business will
show the tone and transactions of the market
each day, with quotations as announced at
the Savannah Cotton Exchange at the closing
hour to-day:
Saturday-The market was quiet and un-
changed for the entire day. The sales were
1851 bales.
Mondav-The market was quiet, middling
being advanced Lice. with sales of Los
bales.
Tuesday-The market opened quiet and un-
Wednesday-The market was steady and
unchanged throughout the day, with sales of
Ass bales.
Thursday-The market opened steady and
unchanged. closing with good demand. sales
2265 bales.
Fridav-The market opened steady and UNI
changed. closing firm. sales 2,035 bales.
We give the official quotations Of the Savan-
nah ar ENphamorp-