The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-09
REVIEW OF THE WEEK
The Condition Of the Local, Domestic
and Foreign Markets.

and Foreign Markets.
The Strong Reaction in Spot Cotton
and Futures-The Firmness in Naval
stores-Advance in Oats and Corn
and an Improvement in Bread
stufs-Features in Other Branches
of Trade.
savannah June s.-The week under review
has been devoid OF any startling features in
the local markets, While the prices in some
denartments of trade have slightly advanced
and all others have held firm at the current
quotations the transactions have been com
paratively small.
The price of cotton has advanced sc since
last weeks review, being Influenced by the
tr.ner tone and decided improvement at the
controlling markets.
shirts turpentine was advanced &c by the
holders. but trading in this staple has
been light. Resins have held firm and all
GRADES we're freely sold during the last
week.
The grocery business presented few
features There was a steady movement,
throughout the week. Flour showed little
more steadiness without change in prices.
Corn products we're in fair demand at
hardening prices. Oats were more active
and higher. owing to the unusual advance in
the western markets, which was caused by
reports of damage, cold weather and heavy
covering Of shorts.
Provisions were firmer in sympathy with
wheat and corn. and also on a higher hog
market.
The dry goods trade has been restricted by
the general prevalence of unfavorable
weather conditions. There has been a con-
~ duI1nacC N GnagOnablp and
new fall lines.
In hardware there is no change in the con-
dition of the market since the last report
The lumber market is very quiet, and prices
nominal Mills are generally inquiring for
orders which are exceedingly light. The
berth freight market remains In an IMAM
innate condition, the season being about over
for foreign shipments of cotton. There is no
inquiry for tonnage for naval stores, and
brokers are generally Respondent over the
prospects. They say that the prices at which
naval stores are held prevent foreign orders
and is effecting the trade. On the other
hand. there is large number of vessels
already chartered to arrive for July and Au-
gust loading. Several vessels have been
ordered from Tytee to Brunswick to load
While one could not get charter after ar
irving to the city and was sent to Sapelo
sailing vessels is caused by large shipments
Of rosin, which have been going to Liverpool
Belfast, Bristol and Antwerp, via New York
and Baltimore. The rates secured by the
shippers are said to be about 25 cents barrel
Of go pounds cheaper than the rate offered
by sailing vessels. The rosin has been
shipped by the New York and Baltimore
steamers from Savannah and transferred to
the large ocean steamers at these ports. The
regular liners have room to offer at a cheap
rate, on account of the small quantity OF
grain being exported at present, being needed
for ballast.
The following resume Of the general mar
kets will show the tone and the latest quota
tions at the close to-day:
Naval Stores
Spirits urpentine-Although there was no
demand at the beginning of the week, the
factors decided to hold out for higher prices,
and on Saturday the market was quoted
firmly held" at. 2S5Sc for regulars There
was nothing. doing in the market until
Wednesday when one exporter bought 500
casks at the ruling price, and sales of 5OJ
more were subsequently made on the same
dav on THURSDAY. there were sales of 81
casks at the quotations. but since then the
market has been very dull there being no in
Quiry either for domestic or foreign shipment
In the meantime the stock in first hands is
steadily increasing and is now about .00l
casks. The factors claim that they are in a
position to hold their stock an indefinite
length of time and think that they will be
aDle to sustain the price.
Rosin-lhere has Oeen a steady demand
during the last week, particularly for com
mon and medium grades PaleS have been
taken at quotations when included in deslra
ole lots OF other grades. The prices have re
manned unchanged during the week Sales
have aggregated about $1,000 barrels Ship
ments have teen quite large, Out Of 1863
barrels shipped to New York and Baltimore
Il during the week about 5000 barrels were
port.
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 28l5c for regulars.
Rosin firm,