The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-06-03
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sAvANNAH MARKETS..



savannah, Ca. june % isg5
General Remarys-Business In the general
rarke, during last week was In somewhat
lesser volume than IL has been for several
weeks back. This has been noticeabIv the
case iu the leading staples the trading in
which has about settled down to the
usual summer basis. The wholesale
trade was also rather quiet in
nearly an departments Among iohbers.
however, there has been "a liberal distribution
OF merchandise in completion OF old orders.
Trs money market continues active. ana the
banks could put "a great deal more funds out
were they so disposed. They are. however.
managing 20 satisfy regular customers. Ad-
vices indicate very gloomy outlook
for financial affairs and the belief among
commercial people is growing that serious
troubles are ahead Prices generally are
fairly well maintained, the feature of the
week being the heavy decline in wool. with
Indications of a still lower market in the near
future In groceries there was a fair amount
of business in hand ana the consumption
continues large, but not up to the
volume anticipated, as buyers continue to re
strict their operations to small lots to meet
present and pressing wants. In dry goods
trading was faT only. In lumber the demand
has lessened Somewhat. although the mills
are busy covering back orders Other
branches show no Improvement. The fol
lowing resume of the weeks business will
show the tone and the latest closing quota
lions of the different markets to-day:
Naval Stores-The spirits turpentine mar
kat was hrmer through the week until today.
when ii closed easier. Prices steadily ad-
vauccd until regulars touched 27I4c. In the
past two days they fell of slightly, closing to-
day with sales at 253lc for regulars. There
was q good. steady inquiry. which was
fairly we'll met throughout the week result
inc in pretty full business. The total sales
were bout 5000 casks ROsiu-The market
was pretty firm for all grades above good
strained. and prices advanced steadily. The
lower grades were somewhat irregular ad-
v3ncing 2l9c, after which they declined again.
The demand was very steady, in fact more
or less active for medium palcs but owing to
The light offerings business in them was re
stricted. The receipts and offerings of low
grades continue liberal which is the cause
Of the unsettled condition Of prices. The
sales for the week were fully 1000
barrels. In another column will be
found q weekly table of receipts and exports
asCOmpared with like period lastyear. show
in the stock on hand and on shipbOard
not cleared, together with the official quota
lions.
Cotton-The market was very dull in the
first half OF the week and prices fell off % all
around. 1t, however Steadied up in the last
half, and toward the close became flrmer,
with a full recovery in all grades above good
ordinary. The ftrnneSs was due to the more
favorable adVices from controlling markets
and the heavy business at Liverpool. The
demand was comparatively slow and rather
light business was transacted for the week,
the total sales of which were only SIS bales
Crop reports continue unfaVorable, owing to
the cool nights and poor stands. The
following are the official spot quotations
of the Cotton Exchange:
Middlino fair ..... q 81