The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-12-14
COMMERCIAL.
SAVANNAH MARKET.
WEEKLY REPORT.
OFFICE MORNING NEWS.
SaVANNAH Dec IL rCcn

OFFICE MORNING NEWS,
SAVANNAH. Dec Is. 1859.
GENERAL REnARKs.-Business ii the general
market was interfered with considerably by the
holiday on Wednesday in memory of jefferson
Davis. and by the strike which is now in progress
among the cotton stevedores Trade, however.
with the wholesale jobbers was fairly active
and considerable quantity of goods has
moved off into consumptive channels.
orders from the interior have come to
hand quite literally, while there were a number
Of spot buyers looking over the market. Their
operations were mostly confined TO replenishing
certain lines of stocks and to holiday goods
Some wholesale dealers complain of a falling
of in the movement compared with last season,
while there are others claiming heavier sales.
especially in the goods peculiar
70 this time of the year Collections
have fallen off somewhat, and are not up. or in
as good volume, as they we're couple of weeks
ago The money market is fairly easy, but the
demand is remarkably good. Domestic ex
change is weak, and rates to some extent are
nominal, while foreign is firm There was a
dull and inactive market for securities.
There were few changes in prices. and
the general tendency of values was to-
ward lower basis in pretty
much all lines. In groceries good movement
was had in both the staple as well as holiday
goods In dry goods there was only moderate
trade progressing. In lumber there is con-
tinued active demand with heavy movement.
while the mills are filled up with orders and are
refusing late orders for the holidays The
hardware trade is fairly active and there is a
heavy. trade doing for this time. In all other
departments steady business is going on. The
following resume of the weeks husiness will
show the tone and the latest closing quota
tons of the different markets to-day:
NAVAL SToREs.-The market for spirits tur-
pentine was steady for the first half of the week
with some little inquiry, but in the last part it
relapsed into quietness, and prices fell off 1Sc
at the close. The current course of prices was
somewhat irregular, selling up to 4216c. for
regulars and again sagging off, closing to-day
at 42c. The total sales for the week
were about 1900 casks. Rosin-The market
rather easy and unsettled. The medium
grades declined 215c., while strained to good
strained fell off 1215c. There was moderate
demand, with stocks offering freely. The
total sales for the week were about 10, 900 bar
rels. In another column will be found
a weekly comparative statement of the
season to date, and for the same time last
year. showing the stocks on hand and shipboard
not cleared. together with the official closing
quotations
CoTToN.-The market for the past week was
somewhat dull, influenced, no doubt, by the
present strike of the longshoremen Factors
have been pretty firm holders until today when
some sales were made at 1-16c. below quotations
for the better. grades. The stock in first hands
has accumulated slightly, owing to the
small takings for the week, but as
rule 1t has been fairly we'll in hand. The mar
ket closed to-day dull but prices are not quota
bly, lower. The total sales for the week were
only ,125 bales. The following are the official
closing spot quotations of the cotton exchange: