The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-07
REVIEW OF The WEEK.
The Condition Of the Local, Domestic
and Foreign Markets.

Tuprovement in the Jobbing
r-ades-The Situation in Spirits
T,,rnentine Unchanged and Unset
.1ed-Rosin Firm at Lower Prices
With a Fair Demand-Cotton Market
r,,,roved Somewhat over the Previ-
o,s Week-Grain and Provisions Ad-
vancing on Account of the Strikes.
cavannah. July 6.-Businesstin the general
,o,al market during the past week was quite
Ia, for this time OF the year. aad although
~ rational holiday interviewed, the total vol
w. If the trading was even larger than that
4 - r,rAvious week. The features of the week
&c better business in cotton than was ex-
1ac-ed- a fair business in rosin, an increased
!. and and a good movement in groceries
II r,rovisions and the opening up Of the
hardware trade.
i The money market contained easy, borrow
4 - n7eeting with steady accommodation. Col
Il Lotions we're only moderate. The lumber
business continues quiet and the mills have
about exhausted old orders.
The American markets we're more or less
i donoralized by the result of the American
railway Union strikes, and have been unset
tied during the week.
The following resume of the weeks bust
MSS will show the tone and the latest quota
tons Of the different markets to-day:
Naval stores.
Spirits Turpentine-The market, during
Il me last week, continued at dead standstill.
Storks have been accommodating and
here has been no disposition on
the part of the exporters to
buy. they quietly kept out OF the market,
4 heavy holdings of the factors. In the mean
lime there are numt er of vessels lying at
wharyes waiting ciai t to be the ioq %tide
asks asked for i0r them to 'ous Secure orders
and that the demand does not justify Tire
A rates They expect that the heavy stocks and
Il the expense of holding them viii soon cause
d hreak in the market The factors are Just rs
persistent in their disposition to hold out for
II their price, the only drawback at present be-
Il ing the lack OF the tanks to hold the enorm-
y ous stock which is now on hand. There ap-
81 pears TO be no indication OF weakness on the
\ mart of the holders. One fpctor said yester-
81 dav: We have taken stand and intend to
Z hold out at any cost. OF course the fact that
one firm of factors has declined to
invest in the tanks, causes somewhat
a Of a delay in our project, but we
4 expect to get them anyway. II we
4 allow the price to be broken now, there IS no
telling where the decline will stop; besides it
q will demoral1Ze our business OF the future
B and throw the industry further back than 1t
q was a year ago. If the supply is SO much
more than the demand, we should be pre-
pared to hold what we have, and cease manu-
facturing until the surplus is used up. 1t is
4 f5lIy to sacrifice our stocks and allow specu-
4 latlon to govern our industry while we can
4 regulate the supply and demand price
which will pay the operators. Something
4 must be done, and will be done very soon
At the Board of Trade during the entire
& week the market was bulletined firmly held
4 at PC for regulars. There were sales OF 20
Il barrels posted on Tuesday. There were bids
81 for a large amount at 2Sc to-day. The market
q closed firmly held at 29c for regulars, with
n CSC bid
Rosin-There was only fair demand dur
q ing the week, and for two days the lack of in
a ouiry caused a little weakness, and prices
q went of about sc per barrel on medium and
q common grades. The sales for the week, at
8 the decline. we're about 10000 barrels. There
& was very little doing in pale grades The
market closed to-day with very little inquiry
g and no sales reported
s. Quotations-At the close of the market to
81 dav the following quotations were bulletined
a at the Board Of Trade: Spirits turpentine
4 firmly held at PC for regulars, with 2sc bid.