The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-01
COMMERCIAL.
SAVANNAH MARKETS.
WEEKLY REPoRH
OFFICE MORNING NEWS.
Cu~-Au q. INV qf sens

SAVANNAH. GA. July 81, 1897.
c,,vsAr REMARKs-Business in the general
LET during the past week was quieter if
lartbing. The explanation given for this is
4tat owing to the closing week of the month
--Iars are always slack, and hold over for the
wi week. Still, however, some jobbers COM
1Iatr of the situation in general aud make
p,ai7,s At the outlook for the fall trade is not
-.r bright; in fact early orders
.srs far are not up to last years in volume,
Li, interior buyers are manifesting a greater
80 of oautiousness than was noticed for
s.,araI wears back. This, however, is regarded
,,ite insignificant by some jobbers. who
~si1tain that interior merchants will require
ito a. many goods as in previous seasons and
s,1 come into the market later on with their
5ars or as soon as the cotton
..oo shows a tendency to move freely
At present there is every indication of back
,rordness and late movement of the crop.
The financial conditions are still the same.
1,onav Is IN active demand while there is to
soma extent stringency, and former high
rates of interest prevail. Securities are dull
with A weaker tendency in the leading stocks
and bonds. Collections are very slow. The
features of the week were the continued
weakness in the cotton and naval
stores markets and the firmness in
provisions There is still considerable scarcity
II freight room in the way OF spot vessels for
naval stores and rates are strong, while for
lumber coastWise there is a good steady demand
Of Arm rates. The following resume of the
weeks business will show the tone and the
latest quotations of the different markets at the
close day:
NAVAL SToREs-The spirits turpentine market
deyeloDed some weakness in the early part of
the week and prices broke to 33c for regulars,
Al which figure 1t held for the balance Of the
week turning at the close to a steadier feeling
The continuance Of the heavy receipts and the
accumulatng stock rather weakened holders,
who were as a rule free sellers at the current
quotations to realize. There was a fair to
steady demand, and about 5000 casks we're dis
posed of during the week. Rosin-The market
was rather queter during last week, and prices
OF the medium grades were easier and sold off
10c There was a fair though slow inquiry
through the week with pretty full offerings.
Exporters are somewhat hampered through the
scarcity of spot TONNAGE and the stock is slowly
accommodating. The total Of sales for the week
we're fully ~ 900 barrels. In another column will
be found comparative table of receipts and
exports for the week and for a like period last
year showing the stock on hand and on ship
board not cleared, together with the official
closing quotations
CoTToN.-The market was rather quiet during
the week and for the first half values were in
clined to weakness and prices sold off 1All316c,
but later was somewhat steadier, influenced by
Oi
market. There was a fair offering stock and
the trading was fair, though not heavy. The
sales, however, were in excess of
the local receipts, being fully
460 bales. The reports from the growing crops
are not so favorable as a week ago There
has been continuous rains over the cotton belt.
while worms are reported in several places,
due no doubt to the cool nights previously.
The following are the official spot quotations Of
the Cotton Exchange:
Good middffnu
4Iu'luE ''''''''''''''e72 40
Low mlddhng. ............... ......6 1915
6 1000 oralnery' '''.'.-''''.' .'..'6A
OIulndTy ..-.............- .........-.....54
Sea ISidndS-The receipts for the week as re-
ported by factors were 10 bags. and the sales
we're i2l bags There was one bag exported to
New ork. The market has continued quiet
through the week, and holders were firm. and
ask fun quotations for offerings of the better
qualities.
Choice
EAtIa Hhe' 1905 ......-...la 0l71s
tine ...-:......... ...,.. .,........ 1880 1914
Medium nne' gI5S4
Common Georgias and Floridas. 49,. 1I16@12l5
The receipts OF cotton at this port from all
sources the past week we're .492 bales of uD-
land and 10 bales of sea island, against %
bales OF upland last year.
The particulars of the receipts have been
as follows: Per Central railroad, 1892 bales
upland; per Savannah, Florida and Western
railway i1S bales upland and 10 bales sea
island; per Savannah river steamers 81 uales
upland; per Florida steamers bale upland.
The exports for the week were 1926 bales of
upland and bale sea island, moving as follows
To New York 591 bales upland and bale sea
isand to Boston $50 bales upland TO Baltimore
$50 bales upland; to Philadelphia 165 bales IN
land For July local mill consumption 1873
bales upland The stock on hand to-day was
1859 bales upland and $50 bales sea island
against 4l4 bales upland and II bales sea island
last year.
RICE-There is nothing new in this market
during the week. 1t has continued in It's rut of
dIlIness among first hands. Still. however. the
market retains its flrmnesS, although the only
trailing continues among jobbers and dealers
in small way. The following are the official
quotations reported by the Board of Trade
small job lots are held at 1s614c higher.
FAIR ........ .......,.. -
'''.....----....... pa
Rough, nominal
Gouhtry Iots ..-.................S VI O5ql l2l5
Ildewater. ....-.- .............. l 35M1 40