The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-06-23
COMMERCIAL.
SAVANNAH MARKET.
WEEKLY REPORT.
OFFICE OF THE MORNING NEWS, |
SAVANNAH, GA, June %, 1888.


OFFICE OF THE MORNING NEWS,
SAVANNAH. GA. June %. 1888 I
GENERAL REMARKS The general business
during the past week has shown but little inn
rrovement, and with the closing was devoid of
anv suggestive events Trade, however, in
the general market may be said to have reached
fair proportions, but rather below the anticipa-
tion of dealers, although the period has not
vet arrived for any great activity. AS was out
lined in previous reports, values have continued
IN favor the buying element, and with but few
exceptions, slow material reductions in pretty
much the whole list of the staple articles Of
course the general trade was more or less in
Auenced by the political conventions
held during the week, and the result of their
deliberations is looked forward to with much
interest The weather influences were quite
favorable to free distribution into consumptive
channels, but interior buyers were rather back
ward and their orders were more or less dsap-
pointing to those who have confidently counted
upon the reception of larger business at this
time. The demand at present was largely con-
fined to local wants. In groceries the movement
was in fair volume and continues to improve
daily The movement in dry goods has not
opened up as yet, and most orders now being
received are for odds and ends, which
go to make up very moderate
business as a whole. All other branches report
trading rather slow, and in the aggregate falls
below the expectations of most jobbers. The
most important changes in prices were the de-
cline in grain, nails and shot and the advance
In woods Money is easy and in good demand
Securities are quiet. The following resume of
the weeks business will show the tone and lat
est quotations of the different markets at the
close to-day.
NAVAL SToREs.-The market for spirits tur-
pentine was quiet during last week. There was
a moderately good inquiry throughout, but at
easier prices, and the market closes to-day at
fully &c. lower than the previous week, al
though the bulk of transactions was on the basis
of 3Sc for regulars. The total sales were about
1000 casks. RoSlns-There was fairly good
demand for the week. while prices were unset
tied but for the most part weaker, particularly
for strained to good strained and for pales all
of which fell off 21315c. The total sales for the
week were about ~, 900 barrels and consisted
largely of the better grades. In an
other column will be found a weekly COM
narrative statement of receipts and exports
from the beginning of the season to date and
for the same period last year, showing the
stocks on hand and on shipboard not cleared
together with the official closing quotations.
RIcE-There was a very good inquiry during
last week, but owing to poor assortmentS
operations were confined wholly to the small
lots available; consequently the total of bust
ness was quite moderate. Prices, of course,
we're very firm, owing to the scarcity of desir-
able grades and the hand to mouth character of
the offerings The total sales were between
800 and 400 barrels.
The following are the official quotations of
the Board Of Trade. Small job lots are held at
1s04c higher.