The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-28
REVIEW OF THE MARKETS,
The Condition Of the General Trade
During the Last Week.

Favorable Crop Reports Cause a
Continued Slump in Cotton Futures.
spots Easy and Lower to Sell-The
Shirts Turpentine Market Still IN
settled With Nothing Doing-Good
Sales of Rosin All the Week-Job-
hing Trade Steadily Improvins-A
Good Business Done in Dry Goods
and Hardware.
Savannah, July 27.-The most noticeable
features of the last week have teen con
,inued increase in the improvement OF the
amount of business done in the jobbing trades
with the cessation Of strike troubles and re
storstion OF transportation facilities, good
crop prospects and reports of fair to good dis
tribution of merchandise, sellers are JUSTIFIED
In anticipating a marked Improvement in the
general demand for both staple and fancy
lines for the fall trade There is a little draw
hack to operations, however, on account Of
the tariff deadlock at Washington.
The general movement in groceries, pro-
visions, hardware and dry goods has been
satisfactory. The lumber trade has been
fair. and several new charters for vessels
going coastwise have been made. The dead
lock in the spirits turpentfne market has
continued without change. the buyers and
sellers being far apart. There has been a
fair movement in rosin, at firm and unchanged
prices Cotton has rem aimed easy and IN
changed, with prices lower to sell.
The following resume of the different mar
kets will show the tone and the quotations
at the close to day:
Naval stores.
Spirits Turpentine-There is nothing of
interest to report in the market for the past
week. The dead lock which has existed for
the past two months, continued as strong as
ever The buyers continue Indifferent, and
saw that it is only question of time when
the matter will be settled. They claim that
the manufacturers of this country and Eu-
rope have large stocks OF goods on hand and
are not il immediate need of the raw mate
rial consequently there are no orders They
also state that they are content TO wait the re-
suit: whether the factors can afford to hold
the immense stocks until the manufacturers
have disposed Of their stock OF manufactured
goods and are compelled to buy, or find it
more profitable to make concession in their
price The factors on the other hand appear
as determined as ever to maintain their Situa-
ton. and nave held meetings to devise means
Of disposing OF the product. There are all
sorts OF rumors ahoat' as 10 wnat the Factors
will do but as they have decided to act
cautiously and privately in the matter, their
intentions have not been made public. 1t is
safe TO predict however, that there will be a
change in the situation WlChln the next week
Posin-There has been an active business
done in the market during the past week. and
sales have amounted to almost as much as
the receipts. Prices have remained IN
changed, with the exception of F. and G
grades which were advanced DC on Saturday
and remained unchanged during the week.
Pale graie were a little weak for day or
two but factors held firm for quotations, and
subsequently,, sales we're made.
Quotations-At the close of the market to-
dav the following quotations were bulletined
at the Board of Trade: Spirits turpentine,
nothing doing