The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-23
REVIEW OF THE WEEK.
The Condition Of the Local, Domestic
and Foreign Markets.

The Strength Displayed in the Naval
stores Trade-An Advance in Sugar,
Coffee, Corn, Products and Pro-
visions-The Cotton Market Quiet,
With a Small Business Doing-The
closing Features of the Markets Of
the World.
Savannah, June 22.-The movement of gen
aral merchandise has been slightly in
creased during the past week. The princi-
nal features were the large amount OF sales
~ naval stores at strong and advancing
nrioes. the growing strength In grain and he
MET tone in the cotton market. There has
been a good general distribution Of groceries
nv iobbers, for this season Of the year. Prices
have advanced on sugar, coffee, provisions and
corn products The dry goods business has
been rather quiet, though some orders have
been received for the fall trade,
There has been no new development in the
hardware trade, the business remaining quiet
and featureless. Foreign exchange has been
Arm throughout the week, while there was no
change in the tone of the domestic exchange,
which remains steady at the ruling rates
The money market has continued easy, and
borrowers have found no difficulty in satisfy
ing their needs Other departments OF trade
nave been steady, with a better feeling for
future business.
The following resume will show the tone
and latest quotations of the general markets
stthe close to-day:
Naval stores.
Shirts Turpentine-The producers OF this
important commodity of trade have every
reason to be satisfied with the present situa-
tion of the market. The price is now "a cents
higher than at the same time last year. The
Tho bot firr1 Nu1nt Ia Oft hi
son year ago it was exceedingly unsettled
1he united efforts of the factors to hold to-
eetber for fair prices have demonstrated that
fbey have the power to command remuner-
alive price for the product, against the former
actions of spectators. For the first time in
the history of the trade there were over 5000
casks Of spirits turpent1ne held last week
in first hands. 1t was expected, by foreign
buvers. that the expenses of carrying
soiarge an amount, would soon cause weak
feeling among the holders, but instead Of
growing timid under the weight OF an in
Creasing stock, 1t was decided to advance the
price Last Saturday the buyers we're noti-
hed that the price would be advanced Nc
aDout the middle of the week. This caused
The exporters to fill their orders for immedi-
ate shipment, and consequently about 5000
casks were purchased at 2o12c early in the
week. The price was duly advanced to 29c
on Thursday which caused lull in the mar
ket Sales for domestic shipment were re-
ported to-day at 29c for regulars, and the
market closed with strong feeling to sustain
the pIlC6 db Inc dtANdlC6.
ROsin.-There has been a good demand for
common and medium grades during the last
week and factors have been able to work OF
considerable quantities OF pales, as the other
grades we're strongly held, and only allowed
TO be taken when the finer grades were in
Guided in the sales. Up to this morning there
had been an advance Of l0c on all
grades except N, window-glass, and water
white, the pales remaining unchanged. The
market has teen strong throughout the
entire week, and the sales have exceeded the
receipts thus reducing the stock in first
hands. Prices, as compared with the same
period last season, are higher on all grades
except pales, and the tone of the market is
very much stronger At the closing OF the
market to-day there we're reported sales of
271 barrels. of window glass, and 1883 barrels of
n rosin at an advance Of Sc over the morning
quotations. This has encouraged the factors,
who welcome firm demand for pales after
the recent inclination of the buyers to avoid
the finer grades.
Quotations-At the close Of the market last
night the following quotations were bulle
tined at the Board Of Trade: Spirits turpen-
tine firmly held at 29c for regulars.
an1yo efr