The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-02-04
COMMERCIAL.
SAVANNAH MARKETS.
WEEKLY REPORT.
OFFICE MORNING NEWS.
CLHLn--An G. Enh Q 1919

SAVANNAH. Ga. Feb. 8, 1898.
GENERAL REMARKs-Business, as a whole, in
che general market during the past week has
zen quite disappointing. The demand in the
Iasding departments has been rather moderate
The demand. however, in the various jobbing
trsdes was favorably distributed, and the
movement. while not specially active
has been sufficient to make up
satisfactory total all things
considered. OF course the prime cause
n the poor showing in the general trade is at.
tribuled TO a very slow cotton movement, the
demand for which has fallen considerably short
If previous years at this time. This condition,
however, has been quite conspicuous through
ont the season, while the outlook seems to ind
cate that il will be continuous. The money
market is not to say easy, and then again
not particularly stringent; there has been a
heavy demand for 1t caused by holders of cot
ton drawing against it, which has carried con
adorable funds into the interior. Foreign ex-
change is lower. In groceries there has been a
GOOD demand and the distribution has been
going on quite rapidly, especially in bulk goods,
and the feature of the week was a further ad-
vance in provisions and the sharp decline in
high wines caused by the collapse of the trust.
For dry goods the demand was satisfactorily
distributed over the various descriptions of
cotton and dress goods, and jobbers are getting
more duplicate orders for specialties and filling
In stocks and the spring trade may be said to be
sulsrging. The business in lumber is very slow
and orders for cargoes are scarce. In other
branches the trading is moving along easily
Collections are not as full as they might be for
the commencement of the year The following
resume of the weeks business will show the
tone and the latest closing quotations of the
different markets to-day:
NAVAL SToREs-The spirits turpentine m ar
ket was rather quiet during the week. in the
first part buyers and sellers were somewhat
apart and on concessions by few factors some
business resulted at 3016c for regulars The
larger holders. however, held out steadily for
Sic at which price the market closed firm.
There was a light though steady inquiry
and about 1900 casks were disposed of
for the week Rosin-The market
remains in much the same condition as in the
previous week. The lower grades have been
taken quite freely, while in the best grades ex-
porters find present prices a little too high and
are not taking much, although buyers have been
accepting lines in order to obtain other grades.
Holders, however, seem to look on pales as
good property. The total sales for the week
were fully $4,000 barrels. In another column
will be found weekly table of receipts and ex-
ports as compared with a like period last year,
showing the stock on hand and on shipboard
not cleared, together with the official closing
quotations.
CoTToN-There is still no appreciable change
in the spot market 1t has continued dull and
more or less easy, and prices in the closing
days Of the week were reduced 1Sc all around.
Trading was light but after the decline fair
business was accomplished in the last half of
the week The outlook is not at ali encour-
aging as yet. The passage of the anticipation
law by the Senate was rather
anticipated ia controlling markets, and exerte1
no very great influence either way, but the sit
uation is more complicated by the continuance
of the strike in some of the English mills, al
though Ellison's circular was quite bullish.
Still there seems to be no demand for cotton in
Liverpool, and the takings there are more of a
hand to mouth character. The spot market
closed dull. The total sales were 4,725
bales. The following are the official closing
Of bo