The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-02-18
COMMERCIAL.
SAVANNAH Markets.
WEEKLY REPORT.
OFFICE MORNING NEWS.
CawaN-a-u a. Eak - fono

OFFICE MORNING NEWS
SAVANNAH. GA. Feb. II, 1898.
GENERAL REMARKs-Business this week has
.h9vn some slight improvement in the general
market both in the demand and tone The move
rnaur. however, was characterized by no very
GREAT activity in any particular branch of trade,
although the jobbing departments have been
s1pplying it in pretty full volume. There were
NO new or important features disclosed in the
course OF trading, while the general undertone
rsrvading most branches of business wa, very
conservative and might be said to be fairly sat
isfactory considering the depressi N of the cot
ton trade and the slow movement which has
bsen the prevailing feature of that trade for
The past SIX months. The spot sales OF cotton
have shown q considerable falling of from the
rrsvious week, but this has been more than made
nm by the very full distribution which has
continued among jobberS with whom there was
a good order business and increasing attention
on the spot, SO that thus for the outlook in the
spring trade promises well. Collections are
reported TO be quite steady and satisfactory for
this period, although in few trades complaints
are heard that it might be better The money
market is not to say easy on account of the
heavy demand which keeps the banks
nretty well loaned up and especially ns
considerable funds are going into the interior,
owing to its being the planting season.. In
groceries there was continued interest mani
tested, and a full movement was had In dry
goods ioboers are well sold up and the dupii-
cate demand and filling in business was very
fair In hardware, there was really good at
tention shown up TO day or two ago, and
full distribution was had. In lumber the de-
uand was slow, though better than il has been.
Other departments are seasonably quiet The
following resume of the weeks business will
SHOW the tone aud the latest closing quotations
of the different markets to-day:
NAVAL S1oREs-The spirits turpentine market
ives quiet during the week and a tri1e easier
under the slow cemaud, Sd that prices sold Off
Nc since last report. On the decline, however,
sellers were quite firm in their views, and moth
ing can be bought under quotations, as the
small stock in first hands seems TO be well held
while operators appear to be Indifferent, ex-
cept in the case of urgent orders. The
total sales will approximate 1000 casks.
Rosn-The demand was fairly active through
the week and the market was very firm and
considerable advance was established in the
medium grades and low pales. These grades
are getting scarce, strained to good strained
was advanced 21Sc while pales were marked up
DC. The inquiry was pretty general for al
grades which has resulted in pretty full bust
ness being accomplished for the week. The
total sales were probably $1,000 barrels In
another column will be found a weekly table of
receipts and exports as compared with like
period last year, showing the stock on hand
an on shipboard not cleared, together with the
official closing quotations.
CorToR-The week opened up quiet in the
spot market, with an easier tendency, and after
ward declined steadily until Thursday. when a
reduction of fully 3-l63 had been scored
Then, however, a flrmer feeling set in, with an
upward turn in prices, until at the close of to
day when the previous loss was fully recovered
and the market establ shed on a pretty firm
basis. The weakness ia the first half of the
week rather stimulated buyers, who took ad-
vantage of the situation and we're absorbing
ofTariOpd nTptrV gLnQ1ilV until chaPkRd nv
rise in prices during the past few days. Still,
the trading for the week, as WHOLE was fair
though not as large as the preceding one The
total sales were 5,l56 bales. Last weeks bureau
report and the light movement seems to have
undoubtedly impressed Liverpool favorably
which has caused the recent advance,
although there 10 very light business trans
pirIng there The following are the Off
cial closing spot quotations of the Cotton
Exchange:
Mldddng far ...... ACKNOWLEDGEMENT "a
GOOD mlddlng ACKNOWLEDGEMENTS. -.....g
nluuIlng ;;...--.... e. .f'.--.....-....-.... "a
Low middliug >. acknowledgements. 8l6
Good ordinary .... .......................
sea Islands-rhe total receipts for the week
up to 4 p. m. we're 302 bags, Of which factors
received 252 bags and 80 bags were of through
cotton. The exports were b25 bags 25 bags of
which went to havre and the balance 10 north
ern mills. The sales were G72 bags, including
some 200 bags which should have been counted
in the previous weeks sales The market has
been somewhat irregular. and some transactions
were at slightly less figures than quotations, but
the bulk of the offerings are held at the quoted
prices:
Gnolce .....''.. ''........2416
Extra uue'".-..... .'.'................. LIB
Hie ...s .',''''''.'...'.--~ '''s.....-.......22
Ieuiuu Aue ..'''..-'' ...---......."......2
GOOD medium. .......................
Medium. 1g
Srha 1a,a,+: - .....H
sources the past week were 6. 476 bales of
upland and 302 bales sea island against Q $40
bales Of upland and 647 bales sea island last
year.
The particulars of the receipts have been as
follows: Per Central railroad, 8, 1897 bales mn
land, per Sava nnGh, Florida and Western rail
way, Gus bales, upland and Isl bales sea
island; per South Bound railroad, $50 bales:
per Savannah river steamer 1873 bales upland
ana bales.sea island; per Charleston and Sa-
vannah railway, 10 bales upland; from Beau
Tort, IL bales upland and 20 bales sea island,
The exports for the past week were 1854
bales OF upland and 625 bales sea island, moving
as follows; To NewYork. 1886 bales upland
ana oOO bales sea island; to Baltimore, RS bales
upland; TO Boston. ! ,4O7 bales upland: to Phils-
deiphla. 20 bales upland: to Oporto, i4O0 bales
upland; to Brunswick, 100 ba les upland: to
hayre. 1850 bales upland and Is bales sea ISL
anu; 10 Bremen, ] 1856 bales upland; to Genoa
2sUO oa es upland; to Barcelona, 1850 bales up.
land. OP
The stock on hand to-day was 81, $50 bales
upland and IL, 2S2 bales sea island, against & 92Q
bales upland and 1908 bales sea island last
year. -'-''
RIcE-The amount Of business doing at pres
ent Is moderate and there are no really uoSitiva
signs OF improvement. There is noIappreciable
cnange in prices, which cont nue. steady and the
same as last quoted The business doinr was
all for local account and it is not expected that
much can be done until the situation alters in
New Orleans particularly in references TO low
grades. The sales for tie week were only lio
barrels on the basis of quotations. Job lots are
held at 1s04c higher
Fair. 9i+1eAa
Good - az az
=, iulo .,..s..s.s....s ..,-.....4 n4M
Rough '/x~S'74
Tdewater 49,. ..,S TO6A On
Country lots. 4Om al
IIZZsL 4 81