The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-25
REVIEW OF The MARKETS.
The Condition Of The General Trade
During the Last Week.

The General Wholesale and Jobbing
Trades Active and hrm-A Steady
Movement in Rosin at Advanced
Prices-The Cotton Market Quiet and
Depressed, but Preparations Being
Made for a Busy Seasonal Break in
the Combination Price of Spirits Tur-
pentine and 5000 Casks Sold at
26y4c a Gallon.
Savannah, Aug. 24.-The improvement in
business noted during the last month, and
particularly the renewed confidence dis
played in the trade since the passage of the
tariff bill by congress, has been more pro-
uounced during the past week. The trade is
satisfied that the prolonged uncertainty is
nearing it's close, and uncertainty exists in a
much diminished degree, the largely FREEDOM
inaut opinion prevailing that the bill will
become a law. An increased number Of orders
have been received from the coun-
try The tone of the market is
distinctly more cheerful, and an occasional
hard ening of prices shows frmer attitude
on the part of sellers generally. There has
been a steady movement in the grocery, hard
ware and dry goods departments, and while
there has been but little encouragement in
the leading local trades, on account of the
deadlock il the spirits turpentine market
(which ended to-day with sales of 1000 casks
at 2e16c a GALLON. and fat cotton business,
there has been a steady movement in
rosin at fair prices, which materially
relieves the money situation. AL
though the outlook for high prices
for cotton is not encouraging, it is calculated
that the increased crop, raised at a less cost
than in previous years, Will make up the de-
ficiency, and IN profits and wind in a salts
factory season. The lumber business was a
little brighter, but not entirely satisfactory.
Some few orders were on the market, and sew
eral vessels are now taking cargoes for coast
wise shipment. Money continued easy and in
fair demand. Foreign exchange has ruled
firm. Collections have been quiet, but fair
considering the time of the month.
The following resume of the different mar
kets will show the tone and the quotations at
the close to-day;
Naval stores.
Spirits Turpentine-At last the situation in
the spirits turpentine market begins to show
a weakness in the factors combination. They
accepted bid at 261ac today. and sold to one
exporter 5000 casks at that price. The buy
ers, with possibly one exception, were jubi-
liant, over the break, and now look for fur
Their and rapid declines in the market. There
were all kinds of conjectures on the street as
to how low the market will go. The factors
looked grum, and made no expressions about
the state of affairs. A few of them, however,
who did not appyoYe of the concession made
by the combination S committee, who we're au-
thorlzed to act for the interests of the factors,
were free in expressing their disappointment
and disgust at the action Of the committee.
Some of them went so lar as to express them
selves as being indifferent. now that their
views of holding out for higher prices had
not been adhered to, and that they would not
be surprised to see the market materially
declined in a very short time. The
committee who had charge of factors hold
ings are among those who are principally in
terested in pCintof the quantity OF spirits held
in stock, and It is presumed that they weighed
well the circumstances surrounding the stu
alton and did what they considered best for
all parties concerned. The stocks have dCcu-
mulated to over 80 900 casks of spirits, repre-
senting nearly $50 600, and realization on a
part of it may enable the factors to retain
sufhcient strength to keep the market from
declining to point where a loss will be sus-
tanned, and perhaps profit will be gained.
Rosin-The week opened with a quiet de-
mand and little doing. Prices however, held
firm, and on Tuesday the advent of a buyer
on the market who had been silent for some
time, caused a rush for receipts. Prices ad-
vanced under the demand and sales continued
large up to the close tonight There has
been good inquiry for all grades, parti-
cularly medium and paleS, which strength
ened IN price and gained from to 25c per
barrel The sales for the week aggregated
$1,000 barrels
Quotations-At the close OF the market to.
day the following quotations were bulletined
at the Board of Trade: Spirits turpentine,
firm at 263ac for regulars.
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