The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-04-01
COMMERCIAL.
SAVANNAH MARKETS.

OFFICE MORNING NEWS,
SAyANNAH. GA, March 81, 1898.

SAVANNAH IA 2NhECu o. 1888.
CENTRAL REMARKs-The business situation
rsmains in about the same condition as has
orsvailed for some time back The week under
raview has been observed by some denomina-
lions as a semi holiday one, closing with close
holiday IN the exchanges throughout the coun-
try. and of course has had more or less IN
nuence on the general movement.
The trade volume, however, has been
eoually as good as for the previous week. not
outstanding that it was the closing week of
the month, when usually there is a general cur
falling OF orders. Still there is some consider
able complaint regarding the slow movement OF
stocks into consumptige channels, which IS due
M doubt to continuance OF the
sold weather. and to the fact that the
attention OF planters in the interior
is absorbed in planting and crop preparations.
There are signs, however, now of increased
trade in the near future. as soon as the warm
weather sets in. The feature OF the week was
the weakness exhibited in the cotton, naval
stores and provision markets. Other than this
there we're no new developments in general
trade, and the situation, as a whole, is ex-
tremely tame. The money market continues to
he active and all available funds seem to find
rsady employment. Collections are very poor.
In groceries there was a steady, Though light
movement In dry goods the demand was
extremely quiet. Hardware experienced a
fair trade. In lumber there was good demand.
In other departments trade is as was outlined
the previous week. The appended review will
show the lone and the latest quotations on
Thursday OF the different markets:
NAVAL SToREs-The spirits turpentine market
was very quiet during last week and an easier
feeling prevailed while prices steadily sold OF,
closing to day at SOC for regulars There was
rather a waiting demand and buyers were only
taking offerings as the urgency OF orders de
ilGO casks Rosin The market for
the better grades was dull and somewhat nom
inal in the absence OF demand. There was a
pretty fair inquiry for the medium grades and
steady for strained to good strained. There
was weak undertone, however, and prices
we're reduced So l0c. The sales for the week
were about 1900 barrels. The market closed to-
day quiet, at the quotahon5 In an
other column will be found a weekly
table OF receipts and exports as COM
pared with a like period last year showing
the stock on hand and on shipboard not cleared
together with the official closing quotations.
Sea Islduds-'Ihe receipts for the six days
ending Thursday as reported by factors were
ga bags. The exports were 225 bags, OF which
IS bags were to Havre and 1870 bags to northern
mills A recount of stock was made and it was
found that there were Sq1 bags more in the
actual stock than ls disclosed IN the running
count, and this amount was added 10 receipts to
agree with the count. The market has been
very active during the week and firm, while
some of the middiing grades were advanced
slightly. considerable amount OF stock was
absorbed by buyers on the bass OF our quota
tatons. The official sales made public for the
week we're only 2,S42 bags, but the actual sales
were more than 1880 bags:
Choice. ..............,.. ......... ...."l002l
Extra ........................l9
Flne....... ..,.............s '''s.....-''lo
Medium me Ia ,e,<
Good medium .......,.'.'..',......' -loQD 1914
Medium. .'''.''''''''.. 'holniIHi
Common. NEUTRALITY-SUSPICIOUS.. ..... nominal
COTToN-The market has undergone no
change TO speak of during the past week. 1t
has continued dull and easy, and prices fell on
3 &c ali around. AT the close of the week,
however, O steadier feeling was developed
Comparatively heavy receipts at the ports in
tie FIRST part of the week and
free selling in the speculative markets
contributed to the general depression, as also
freer movement at interior towns The de-
mand in the spot market continues quite slow,
and only q small business transplred from day
TO day. The total sales up to THURSDAY night
we're only ,465 bales. The following are
the official closing spot quotations OF the Cot
ton Exchange on Thursday:
Mldddng talr......... ..............'''.... oI6
Good mlddling- '...............''s''. ...-..- s9s
pudding ;.......-.' - - .''''''''''.'.... rs
Low middling ....,. .......-'.......... 90
Good ordinary. ..''''....- ..''''' 1900. '9s
The receipts of cotton at this port from all
sources for the week were 1891 oa les of
upland and PA bales sea island, against Z $50
bales Of upland and 1874 bales sea island last
year. A deduction Of S97 bales OF upland is
made from the running count and added to re-
Ceipts Of sea island for stock correction.
The particulars Of the receipts have been as
follows: Per Central railroad. $50 bales uD-
land; per Savannah, Florida and Western rail
way, 1908 bales upland and "a bales sea
island; per South Bound railroad, l55 bales;
per Savannah river steamer % bales upland;
per Charleston and Savannah Railway Com
pany POS bales upland
The exports for the past week were 6,4l9
bales of upland and 225 bales sea island, moving
as follows: To New York. 1,G00 bales upland
and 225 bales sea island; to Baltimore 2,63
bales upland; to Boston. 216 bales upland
snd 400 bales sea island; to Barcelona, = 125
bales upland; to G-noa, $50 bales upland; to
Philadelphia, 81 bales upland
Local mill consumption for March $50 bales
upland.
FIR stock corrections 25 bales sea island is
add TO exports via Baltimore for liverpool
and 10 bales sea land deducted from New
York.
The stock on hand TODAY was $3.50 bales
upland and 1888 bales sea island, against sc, 339
bales upland and 6,44l bales sea island last
year.
RIcE-The market was quiet through the
week, while prices have remained com paratively
steady and unchanged The only feature notice
able in the market was better demand, which
has developed in the past few days, aud there
was pretty liberal distribution OF stock, which
was not confined wholly to the local trade, as
and has resulted in a much better business than
for several weeks back. The total sales have
been about 1900 barrels at quotations. Job lots
are be d at 1s014c higher:
Eair: ''''- ......'....- ..'.'..-'. 'o1StD014
1oOd' otD@0o?4
trlme .'..,.......'..... '...... '..-.'.''4 gag
Choice. OBSERVATION-DISCLOSURES. .41314N
Rough
Tidewater .... ,.................S 70m 80
country iots...... ,...........''''''". 9OCD oO
NoTE- Owing to the observance of Good Fri
day. and hence the closing up Of the exchanges
throughout the country, we are without the
usual teegraphic market reports, and our cot
ton tables are not as full and as complete as they
would be otherwise. They are, however,
brought down to and include Thursday for all
the ports except Savannah, which includes to-
days receipts and exports.
e : EEz = 3Sgg :