The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-08
COMMERCIAL.
SAVANNAH MARKET.
WEEKLY REPORT.
OFFICE MORNING NEWS.
SAVANNAH March Z 800

WEEKLY REPORT.
OFFICE MORNING NEWS.
SAVANNAH. March Z. 1890.
GENERAL. REMARKs-The opening days of last
v-eek were ushered in by a radical change in the
weather, and freeze took place which has done
considerable. damage to the farming interests,
especially to the early vegetable and fruit crops.
This. of course, will have a material effect on
trade later on. In the general market during
the past week there was some improvement
in the iobbiag trade, and the movement
in general merchandise was somewhat
brisler than usual This is attributed to its being
the early days of the month. when interior buy
srs are sure to rush in their orders so as to OBJ
tain longer credits on their bills. The money
market has become very stringent, while the de-
mand for money is quite active. Domestic ex-
change is very weak and there has been some
selling at 4 per cent. discount, by banks. In
foreign exchange there was some fluctuation in
quotations. and it closes steady. The security
market was rather inactive until to-day. when
some little activity was experienced. The most
notable feature of the markets was the strong
tendency of values in the leading food staples.
Collections were in moderate volume although
there is slight improvement over the pre-
vOus two weeks. There was continued steady
demand in groceries, and the shipping move
ment was fairly large. In provisions the in
curry is slow, and only light business doing
There is an active trade going on in hardware,
and sales are quite heavy. The demand for
building materials is also active and for lum-
Der very heavy, due in great measure to the
previous mild weather. In dry goods there was
some slack up in orders, although the trading
touched fair proportions. In all other branches
quietness seemed to prevail, and, while fair
business was in progress. it was moderate in
the shipping line. The appended 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.-The market for spirits tur-
pentne was rather quiet during the week, and
prices were somewhat easier and fell off the
first part of the week fully 116c, but later on
rallied slightly, the market closing to-day
firm at 3gc for regulars There was quite
slow demand, while the stock was
offered freely The total sales for
the week were about 600 casks,
Rosn.-The week opened with a quiet and
easier feeling. and prices fell off slightly all
around. but the market later became firmer,
and strained TO good strained fully recovered in
price. There was fairly steady demand, with
only fair offerings The total sales for the week
were about 5000 barrels. In another column
will be found a weekly comparative table of the
receipts and exports from the beginning of the
season to date, and for the same time last
year, showing the stocks on hand and shipboard
quotations
asECoTroN.-The local receipts for the past week
were very small, which created a considerable
scarcity of the most desirable grades There
good inquiry for grades of middling and
below, while the Offering stock was composed
largely of the better qualities, which are not
so much desired. All the available stock of
the middling grades was readily
absorbed, while the takings of the week have
reduced the stock in first hands down to very
small proportions. Although there is some
strong holders. as the receipts at the ports have
been small and the stocks very much reduced,
while controlling markets show q decidedly
firmer tendency. The total sales for the week
were .295 bales The spot market closed quiet
at the following official quotations of the cotton
exchange:
Kidding falr.............. .'....' Nominal
Good mlddllng .......................lO1 los
Middnng. $500. .......,.'. ...-....lO9S
Low mlddnng- ..........".....-.1o5s
GOOD ordinary ...................... 9A
Sea LsldndS-The tota; receipts for the week
up to p. m. as reported by the factors were
225 bags The exports were 354 bags. distrlb-
uted as follows: To Liverpool 23O bags, to
Uavre "a bags, to northern mills 100 bags. There
was also added to the receipts previously 1927
bags, to agree with the total stock as made up
by actual count. The total sales for the week
were AGA bags. The market has ruled quiet and
easy throughout the week, and all sales effected
were at the inside figures.
Good stapled seedy cotton. ....22 G12216
Good medium. ..........-......- ESQ
Medium fine. .-...-.............23 W2S4
Fine. ............... -.......... .2312(Q1234
Extra line. ............ ...-.... -.-24 0DS414
Choice. ............... ......25 02515
The receipts of cotton at this port from all
sources the past week were 5,993 bales of up-
land and 225 bales sea island, against $500
bales of upland and 81 bales sea island last
year.
The particulars of the receipts have been as
follows: Per Central railroad, 3,03S bales up
land; per Savannah, Florida and Western
railway, 2,726 bales upland and 211
bales sea island; per Charleston and Savannah
railway, N bales upland per Savannah river
steamers, 100 bales upland; per Florida steam
ers, bales upland; per Darien and Altamaha
steamers, IA bales upland and bales sea island;
per carts bales W land and bales sea island.
The exports for the week were 15,322 bales of
upland and 354 bales sea island, moving as fol-
lows: To New York, 3, 692 bales upland and $50
bales sea island; to Baltimore, 1889 bales up
land; to Boston 1,403 bales upland and "a bales
sea island; to Charleston, 1853 bales upland; TO
Reval, $3.50 bales upland; to Genoa, 1850 bales
upland; to Lisbon, 1900 bales upland. The
stock on hand to-day was 1920 bales upland
and 2.537 bales sea island. against 56,S77 bales
upland and ,406 bales sea island last year.
RICE.-The market was comparatively duh
throughout last week, and there was very
small business doing The stocks of both clean
and rough have accumulated somewhat, and
prices have been weakened thereby, with offer
ings at fully 1A014c lower than the current
quotations. The demand is very slow and
operators are without orders to any extent,
while the bulk of the trading was mostly among
local jobbers. The total sales for the week were
about $50 barrels.
The following are the official quotations of the
board of trade. Small job lots are held at 40
Ac higher:
Fair '..''. '.................... -. 34
Good ACKNOWLEDGEMENTS. .416614M
Prime. ........ ......... .-..........41@G143I
fdncy ...........--. ....s.t..........6 G154
HEAD ....'.. $1,000
Rough-NomInal-
Country lots. .............S 5OA7O
= ELL \ 8