The morning news., 1888-09-29
COMMERCIAL
SAVANNAH MARKET.
WEEKLY REPORT.
OFFICE OF THE MORNING NEWS, |

OFFICE OF THE MORNING NEws.l
SAVANNAH. GA. Sept. 2S. 1888 I
GENERAL REMARKs.-The position of affairs in
the general market is assuming a much more
sat;sfaotory shape. There is a freer movement
~ the cotton crop, while there is prospect of
considerable modification of the hitherto rigor-
ous ousrantine regulations and that supplies
viii be allowed to go forward more freely and
,uith greater dispatch, as in some parts of
FLORIDA the people are suffering for lack of sup
rlses There is great complaint among jobbers
~ a slovness of collections from the interior.
n is believed. however. that they
will improve during next month. Bust
ness In pretty nearly all departments
,gas quite brisk and very satisfactory move
nent was had, although there was less urgency
In orders from nearby territory owing to its
he;ne the closing week of the month. There
was a better tone to values and they we're well
and steadily held with but few exceptions
The demand in the grocery and
rroysion trades continues quite heavy
and the wholesale jobbers are kept very busy in
meeting their daily orders by mail and wire
For dry goods there was a slightly better de-
nand, stimulated by the few days of cooler
weather. In all other branches the shipping
movement was pretty even and fairly satisfac
tory. There is very active demand for
money, while the supply is barely suffi.
cent to meet the wants of regular customers
of the banks at current rates. Securities con-
tinue active for investments, the preference
being for long date bonds and guaranteed stock.
The following review of the weeks business
will show the tone and the latest quotations
of the different markets to-day:
NAVAL SroREs.-The market for spirits tur-
peptine was quiet during the past week. Prices
were easier owing to more liberal receipts, and
declined I14c- since last report. Buyers were
rather Indifferent until to-day, and the
market closed with buyers and sellers
somewhat apart. The sales for the week
were about II, 900 casks. Rosin--The market dur
ing the week was quieter and prices for Medium
pale grades eased off slightly, while strained to
total sales for the week were about 200 barrels.
Elsewhere will be found weekly COM
parative statement of receipts and exports
from the beginning of the season to date, and
for the same period last year. showing the
,tocks on hand and on shipboard not cleared,
together with the official closing quotations
RIcE-The market during the last week was
necessarily quiet, owing to the small receipts
and the lightness of the Offering stock of clean.
There is however, very good demand, and
prices hold firmly at quotations. The extent of
The damage in some sections is not as great as
was thought week ago, and the harvesting is
Ieved. increase the coming week. The sales for
the week were about 675 barrels.
The following are the official quotations of the
Board of Trade. Small job lots are held at $50
1lc. higher.
Common. Observation-Disclosures. @54
Good. ACKNOWLEDGEMENTS. .6I105a4
Prime. ...................... ...,.6 064
Rough
Country lots. s..................... 600 05
CoTToN.-There was a pretty full stock offer
ing throughout the week, The demand was
fairly active, but it was principally for the
better grades. while the others were less sought
after and middling and low middling declined
1Sc There is some scarcity Of freight room for
next months early shipments. The receipts
are on the increase. The total sales for the week
were 13,05O bales. The following are the official
closing spot quotations of the cotton exchange:
Middling fair .....s.............1O1S
Good n1iddling .........s ..........." 9X
mldQnng. S2R
GOOD ORDINARY .'.'......'.......-.'..s ga
Ordinary. OBSERVATION-DISCLOSURES.
Sea IsIdnds-The receipts reported by factors
for the week, up to 4 p M. were 2a9 bags aud
the sales 221 bags. The exports were 81 bags,
of which 30 bags we're to northern mills. There
was very active demand during the week, but
with light offerings, and prices were advanced,
the market closing firm at quotations.
Common Georgias and Floridas =. Nominal
Medium Flor1das ..'............-. .SO19g2l
Medium hne. ....---................O .Ots0%
Fine..... ,....-. ............ -. .s215
Extra fine and choice. .......2
The receipts OF cotton at this port from all
sources the past week were 35,797 bales of up
land and 239 bales sea island. against 5494 bales
of upland and 292 bales of sea island last year.
The particulars of the receipts have been as
follows: Per Central railroad. 22694 bales up
land; per Savannah, Florida and Western rail
way 10 93S bales upland and 239 bales sea island.
Per Savannah river steamers, 1901 bales upland.
Per Charleston and Savannah railway, $40 bales
of upland Per Brunswick and Satilla river
steamers, 10 bales upland. Per carts, ~ bales
upland. Per Darien and Altamaha steamers,
u bales Of upland. Per various sloops, 81 bales
upland.
The exports for the week were IS, $40 bales of
upland and 81 bales of sea island moving as fol-
lows: To New York. II ,641 bales upland and 70
bales of sea island: TO Philadelphia, 6O8 bales
more, ASS bales upland and bales sea island;
10 Charleston, 9N bales upland.
The stock on hand to-day was ~ 291 bales up
land and 358 bales sea island against ss.377 bales
upland and 993 bales sea island last year.