The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-08
COMMERCIAL.
SAVANNAH MARKETS.
WEEKLY REPORT.
OFFICE MORNING NEWS,

OFFICE MORNING NEWS.
SAVANNAH. GA. Aug. z, 1885,
GENERAL REMARKs-The general market
does not improve any, and while in some few
departments there was slight squirt in the de-
msnd for goods in jobbing circles, there is,
however. a disposition manifesting itself among
dealers to curtail the outflow to some extent
and scan credits very sharply This is made
necessary through the slowness of collections
IN the interior and the rather unfavorable out
look for the fall from the effects Of very low
nrced cotton. At all events, the indications
sre not of a character to give any impetus TO
free selling among the wholesale dealers. OF
course in the wholesale trade more business
VAS reported for the week, but there is not the
snap manifested or confidence expressed as in
other seasons, and conservatism dominates
all transactions. In fact, business in all
lines presents the same general features The
condition of the money market remains the
same. and is still quite close, while exchange is
weak and banks are reluctant to buy or sell at
present rates of domestic. Securities are dull
and entirely nominal a lack of confidence seem
inglv pervading the whole market. Prices are
rather unsettled in the leading staples The
freight market has slumped off for coastwise
tonnage, although for naval stores it
remains 0rIn at STEADY Tdtes. Inc principal
event of the week was the arrival of new cot
ton, and it is thought that the movement in
volume will increase very shortly now, with
favorable weather. The following resume of the
weeks business will show the tone and the
latest closing quotations of the different mar
kets to-day:
NAVAL SToREs-The spirits turpentine market
was rather irregular and unsettled during the
week. The first half developed firmer feeling
under smaller receipts, and prices sold up to
ssgged off again. closing at 11c decline. There
was fairly good inquiry with pretty steady
offerings The total sales for the week were
fully 5000 casks. Rosin-There was
firner feeling prevalent in the market, and
some Of the low medium grades were advanced
slightly. The demand was fairly steady, while
the offerings were rather moderate. good
business was recorded, however, and fully
1900 barrels were disposed of. Operators were
in better shape in view of several ar
rivals of tonnage. In another column will
be found comparative table of receipts and
exports for the week and for like period last
year showing the stock on hand and on ship
board not cleared, together with the official
closing quotations.
CoTToN.-The spot market was comparatively
quiet throughout the week with a fairly steady
though moderate demand from day to day
Prices became frmer the last half of the week
under very unfavorable advices received out
the growing crop, and at the close to-day quite
q substantial advance established The
total sales for the week were Bis bales Reports
as to conditions of the crop are still coming in
bad the rains have been severe all over the belt
very numerously. The feature of the week was
the receipt of three bales of the new crop on
Thursday The following are the official clos
ing spot quotations OF the Cotton Exchange: