The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-10-26
COMMERCIAL.
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SAVANN All MARKET.
WEEKLY REPORT.
OFFICE MORNING NEWS,
SAVANNAH. Oct. %. 1889.

OFFICE MORNING NEWS,
SAVANNAH, Oct %. 1889.
-.rvzAr REMARKs.-The past week was COM
'..tiralv an active one in the general market.
-. main feature of trade, however, was the
- movement of cotton to the ports. which
".imnlv enormous and beyond all precedent,
Ibas had the effect of weakening values con-
'a5,-ablv. Business in jobbing circles was in
ri volurne. in fact greater than in several years
. this time The weather was pretty
favorable for shipping purposes. but not cold
ugh to stimulate trade to any great extent.
o,tsrs. however, are coming in very rapidly,
- nrstty much all branches of business are
,,rs or less active in moving merchandise, the
t,st indications being the very heavy outward
..,4ic now heing done by the railroads center
here. Collections are quite fair, and indi-
..,s the very healthy position of inte-
liar merchants, owing to the rapid move
r,snt and sale of the fleecy staple. The money
-,orket remains in about the same condition as
.5a nrevious week, the demand being very
tive The security market shows some ami
,stiou. and investors are inquiring for all good
,,tarest paving stocks and bonds, particularly
LIMO dates, while the leading railroad stocks
chow some advance. The demand in groceries
,,s mite lively, and considerable quantities of
.oods are going into the interior on travellers
o,isrs. Prices as rule were steady, except for
wyars. which declined. In provisions there was
i. GOOD demand and fair business doing, while
vices are f1rmer Hardware trade continues
ramarkably good for this time. Nails have de-
.l;nAd The demand for lumber and all build
inc material does not diminish. In dry goods
there is good steady trade going on from
snot BUYERS, as well as on orders. In all other
dsnartments trade continues to improve, and
there is good selling movement in progress.
The following resume of the weeks business
will show the tone and the latest quotations of
the different markets at the closing hour to-day:
NAVAL SToREs.-There was a fairly steady
demand throughout the week for spirits tur-
pentine, and prices were firmly maintained at
an advance of 4c. The offerings were only
moderate and were daily absorbed. The
market closed to-day firm at 4534c. The sales
for the week were fully $500 casks.
Rosin.-The market for the better
tbe lower grades it was about steady and un-
changed. There was good demand with
small offerings, which restricted business
TO some extent The total sales during
another column will be found a compare
tive table of receipts and exports from
April to date, and for the same time last year,
showing the stock on hand and on shipboard not
cleared together with the official closing quota
tons.
CorroS-The spot market was comparatively
easy during last week, and prices were weak
and fell off 1-l6G14c. all around There was a
fairly steady inquiry with only a fair stock
ing. Some 1885 bales changing hands
for the week. The market closed
to-day quet'at quotations. The total receipts
at the ports for the week have again beaten the
record which is having it's effect on prices in
maj irnt ha
official closing spot quotations Of the Cotton
Exchange:
Middhng talr. ................. $500. 91l-16
Good middlng. .......................- 919
mld1ung. $500. OBSERVATION-DISCLOSURES. 5-Io
Low mlddhng ............... -
Sea ISidndS.-The receipts for the week I'D to
4o'clock p m, as reported by factors, were 1850
bags, and the sales were only GAS bags. The ex-
ports were 306 bags, of which 176 bags were to
Liverpool, 10 bags to Havre aud l2) bags to
northern mills. The market was quiet, dull and
easy during the week, with only a light de-
mand, and buyers were offering figures consid-
erably less than holders were asking, and
the latter were compelled to make
week were much larger in comparison with
that of last year, and have evened up somewhat
on the totals for the season. The above sales
we're on the basis of quotations.
Good medium. .............. 221Ac
Medlum nne. OBSERVATION-DISCLOSURES. &c
tlne .......-..... -............ 2312C
Extra fine and choice. -. .......... 24Ac
The receipts Of cotton al this port from all
sources the past week were 81, 445 bales of up
land and $50 bales sea island, against So, $40
bales of upland and $50 bales sea island last
year.
The particulars of the receipts have been as
follows: Per Central railroad. 81 $50 bales up
land; per Savannah, Florida and Western
railway, 1907 bales upland and 1919
bales sea island per Charleston and Savannah
railway, 1882 bales upland per Savannah river
stea merS. 1115 bales upland aud l bale sea
island; per Florida steamers, 81 bales upland
and 30 bales sea Sland.
The exports for the week were 80, 4S9 bales Of
upland and 306 bales sea island, moving as fol-
lows: To New York, 1881 bales upland and
1870 bales sea island; to Baltimore, ,3S4 bales up
land and 176 bales sea island; to Bremen, 5,746
bales upland; to Barcelona, 400 bales upland;
to Boston 1,705 bales upland; to Charleston, 729
bales upland; to Antwerp, 500 bales upland;
to Philadelphia, $50 bales upland.
The stock on hand to-day was 121 S42 bales
upland and 3,782 bales sea island, against 81, 474
bales upland and 2, 1853 bales sea island last year.
RICE-The market has continued firm during
last week, and prices for the medium grades
we're advanced. There was a good inquiry but
ma lett difficult matter for buyers to fill
orders satisfactorily; as a result quite
a considerable amount of Louisiana
stuff was disposed of on this market. The total
sales for the week were about 1000 barrels.
The following are the official quotations;
small job lots are held at 1s@54c. higher:
raT 1900. '...--......... ...... - $500
Ioou ACKNOWLEDGEMENTS. $40
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4 iue wafer .......-....''. 9O0l III
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