The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-24
COMMERCIAL.
SAVANNAH MARKETS.
WEEKLY REPORT.
OFFICE MORNING NEWS.

OftlCE NEWS.
SAVANNAH. Nay % 1890.
GENERAL REMARKs-The past week in the gen.
sral market was a very quiet one. with little to
relieve the monotony of the usual summer dull
ness prevailing at this time. The principal
ssatures of the markets were the firmness in
cotton and naval stores, and the slight reaction
/, all food products, which show declining
,andency The money market, while not to say
essv. is in somewhat better condition than it
vas. and the banks are managing to supply
their regular customers. Collections are again
sow and failures are being reported in the in
tarior with more than the usual frequency. The
demand from out of town buyers was in pretty
fair volume. and the movement of general
,nerchandise is even better than the average
for this time of the year. The most activity
noticeable was ia the wholesale grocery trade
Orders are arriving steadily and the shipping
movement is quite fair. The provision trade is
somewhat duller than heretofore In dry goods
there was very little doing and jobbers will be
soon making preparations for their fall
stocks Hardware business as a whole is
light and most houses are engaged in taking
stocks The lumber trade keeps up a very
steady traffic, and shipments are quite heavy
The demand for building materials is also very
rood. In other departments there is a fair
amount of business in progress. Securities are
nuiet, though with fair inquiry for few of
the leading securities and local stocks for
investment. The following resume of the
weeks business will show the tone and the
latest closing quotations of the different mar
kets today:
NAVAL SroREs-The market for spirits tur-
pentine was firm during the. past week, and
prices advanced steadily, opening the week at
34l6c for regulars: it sold up to 3554c., but
closed to-day firm at 35c. There was fair de-
n1and but the offerings were barely sufficient
10 meet the current inquiry The total sales for
the week were about $500 barrels. Rosin-
the market ruled quite steady throughout the
week, and the demaod has continued fair. The
receipts show considerable increase over last
year, but the stock is moving out literally,
which keeps the supply well in hand, and
prices are fairly firm. The sales for the week
were about 10000 barrels. In another col
umn will be found weekly comparative table
of receipts and exports from April to date
and for a like period last year, showing the stock
on hand and on shipboard not cleared, together
with the official closing quotations.
CoTToN.-The spot market was quiet but
prices we're strong and advanced steadily dur
ing the week, closing to-day quiet and firm,
with quotations fully sc higher in all grades.
The demand was quite slow, while
the offerings are very small and
the stock well in hand. The receipts at the
ports. though SMALL were slightly heavier in
Comparison with last years, but the belief is
-1-.:.S4~ m
forced the lnoreaseu reGeipes, Wnlch VIII soon
De eXhausCSu. Sohet olil'lg nlaI heos are quite
STRONG yer, ouC CnGre appe11lss 70 oe soule uls-
trust among spectators and fears of reaction
in the near future are entertained The total
sales this week were 200 bales, at the following
official quotations Of the cotton exchange:
doou Hluuilns '.-..-.''.''
nIuullnS ..'''''''.-'' 'N-'-''--'.ti4
LOW mlddung 80 1890 .-.-.'...d55
Good Ordinary .'...'.-.'..'' .'...'..loB
Sea BlGnds-Factors report the receipts for
the week at bags and the sales IL bags. the
exports were 81 bags, all to Liverpool. There
was nothing new to report in the market during
the week. and the business was only scattering.
including all sorts. There is hardly any stock
to speak of in first hands aud prices were
pretty we'll maintained The above sales were
on the basis of quotations:
Good stapIed seedy cotton 21lSM22N
Good medium ..................21
Medium tine. ......................22
Z INC .s.-ss.'s.. --s' 80
Extra HHe 10 CuolCo. '.'s...--. ~
The receipts of cotton at this port from all
sources the past week were l,5oO baies or uD-
land and bales sea island, against 324