Savannah morning news. [volume] (Savannah) 1868-1887, 1884-02-16
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SAVANNAH MARKET.
WEEKLY REPORT.
OFFICE OF THE MORNING NEWS, J

SAVANNAH, Feb. Is, 1884.
GENERAL RENARKs.-There Is not much
change in the general market. The drift Is
stiI against any active trading in tbs prInci-
pal departments. Ths depression in the cot
ton trade aggTavates the general dizziness.
The dry goods business alone shows life.
The activity in that is seasonable activity.
still, even IN this, there IS very light call
for restocking This is attributed to the
general inactivity in the interior and the
scarcity Of money there, owing to
the shortness of the cotton crop. and
the early marketing Of it. The tendency is
stiu 20 offer goods carefully with no anxiety
To rush business. The credit OF every Gus
toner is scruunized very closely. Prices con-
uuue quite steady. In all other departments
the movement Is not more than ordinary.
while prices continue without any important
changes, except for bacon and grain. The
market for these latter articles is very strong
and advances have been quite sharp and
rapid. The money market continues easy
and owing to the dullness Of trade there is no
very great demand for it. The security mar
ket without animation, and most stocks are
rather weak and nominal. Bonds are in fair
request for investment, with but light offer
lugs. The conditions and prices of the differ
eut markets may be seen by reference 10 an
other column.
NAVAL sToREs.-spirits turpentine was
comparatively quiet. with but little doing
during the week. Holders We're very firm,
and the small stock in first hands is generally
held higher than current quotations. Prices
have stIhened somewhat and exhibit ten
deucy to advance. There seems TO be an alb
seuce Of orders on this market, brought about
hy the extreme prices asked by factors. The
total sales for the week were about $50 casks.
ROslns-The demand was quite active for the
week, the grades most IN demand being the
medium and finer grades, for which higher
prices than quotations We're paid. On the
whole the market was rather stronger than
the previous week. There is quite large
stock, but the Offering stock Is very light
TO Is generally understood that the great
est bulk Of the stock is held by
exporters and with one or two short interests
still % be satisfied, which caused an advance,
u0ucca5ly IN good strained and the better
grades. The total sales for this week were
about $1,000 barrels. In another column viii
Dee found weekly comparative table of re-
cepts and exports by ports, showing the stock
0n hand and ON shipbOard not cleared. together
with the official closing quotations of the
Board Of Trade.
COTTON.-The movement this week has con-
tnued very slow, and the market dun and de
pressed. Here and there buyer appeared
0u the market, but his bids were, as a rule
below the views of holders. and the trading
was only on absolute and positive orders.
There was, however, no pressure to sell on the
part oil holders. Official quotations were
easier ana show a decline of Lice
all round. AdvIces from other markets, par
Ucularly the leading ones, are rather depress-
Iug and unprOmlslng. The total sales for the
week We're only 6.S16 bales. The following
resume of the weeks business Will show the
tone, transactions and fluctuations of the mar
Aet each day, with the official closing quo
tatiOus:
saturday the market opened quiet and un-
changed. Al p. m. II was easy, closing quiet.
with decline of Lice. for all grades. The
sales were l,lO2 bales.
Monday the market opened quiet and UNI
changed. At ] p. IN. 1T was easy, closing
unchanged, with sales of 74O bales.
Tuesday the market opened easy and I'm
changed. AT / p. m. it was easy, at de
cline of l-I6c- for ordinary, closing easy, the
total sales being 1869 bales for the day.
eduesday the market opened easy and I'M
changed. At D. m. 1t was quiet at "a decline
Of l-l6c- for all grades, closing quiet
The sales were 99S bales.
Thursday the market opened firm and I'M
changed At 2. m. it was firm, closing at (
D. m. firm and unchanged. The sales were
I,254 bales.
Friday the market opened firm and I'M
changed. At p. IN. 10 was quiet, and closed
quiet, with sales of l.423 bales. We give be-
low the official quotations of the Savannah
Cotton Exchange at the closing hour yester-
day
Middlng tair-....--...................lO 9-l6
6ooq mlddllng --------- lO'-
Middling ---..----.... ...-....--.-- 10 GIG
Low mddlmg .....-.---. ......... I03t
Good ordinary ---.-.. ....- 81
Ordinary --~-. ..-........ ...-........ 5 ZIG
Sea IslIuds-The receipts by factors this
week were III bags. There has nOt been
much inquiry this week. The sales foot up
I3 bags, of which 2l0 bags were purchased
by foreign exporter. and % bags were taken
for domestic consumption. The remaining
uusod stock numbers about 250 bags, Quota
lions have remained firm and unchanged as
follows:
Common. ..-.--.--- .-.-.-..--.- nominal.
Medium ..-........ .......... 81 a.
Good -.-----.--. -...-.- --.--- IS "a
Medium fine .---...-..-- 80 % C.
Extra fine ...-..-... .....-..-. Il a.
The receipts of cotton at tins port from
AN sources for the past week were 5,9l3
bales of upland and lZ9 bales sea island,
against l6.2S6 bales of upland and $50 bales sea
island for the corresponding week last year.
The particulars of the receipts have been as
follows: Per Central Railroad, 1925 bales
upland; per Savannah, Florida and Western
Railway, 1889 bales upland and SO bales sea
island: per savannah river steamers. IS bales
upland; per Brunswick and Satilla steamers.
upland and is bales sea island; per
Charleston and Savannah Railway, q bales
upland; per carts, a bales upland and 20
bales sea island; from St. SimOn's Island,
bales sea island.
The exports for the week were 6.906
bales upland and I43 bales sea island. NOV
ing as follows: To New York. 1850 bales up
land and 1i3 bales sea island; 10 Philadelphia.
= bales upland: TO Baltimore. 565 bales up
land. To Boston. l,6Sf bales upland; to Liver
pool, 3525 bales upland.
The stock on hand at the close of the market
to-day was %. 1904 Daes upland and Isl bales
sea island. against 81. lI3 bales upland and
25j bales sea island at the same time last
wear.