The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-01
REVIEW OF THE MARKETS.
The Condition Of the General Trade
During the Last Week.

The Jobbing Trades Continte Active.
With Prices Steady-A Lively Bust
ness in Rosin at a Decline in the
Price - Spirits Turpentine Market
Firm With Reported Sales of Over
$1,000 Casks During the Week "A
Good Demand for Cotton at the Low
Prices, but the Offering Stock Small.
Savannah Aug sI.-Tne business of the
mast week has teen quite steady in all de.
1artments. There was a good movement in
the grocery, dry goods and hardware depart
ments. The cotton market was fairly active.
considering the low prices and small offer
ings Naval stores showed no special feature
other than a slight decline in resins and the
situation in spirits turpentine reverting to
what 1t has been for some time past, and
sales Of 1900 casks at 261lc gallon.
The following resume of the different mar
kets will show the tone and the quotations at
the close to-day:
Naval stores.
SPIRITS Turpentine-1he last week has
been quiet one in spiri urpentine market
After the sale OF co. caskS last FIR day there
wei small sales reported at .6X and the
marAet continued at that figure up to the
close to-day, when sales OF LOCO cas- ks were
reoorted. During the week there was re-
uortt a sale OF b 900 casks at private terms
and II IS uud srstood that the sale was the two
cargoes anoat for cork, which was shipped
last week by he factors. The factors now
say that they realize that it was mistake TO
lower he price on comparatively small sales
and they will ndeavor to hold the market IN
in future. = he buyers appear to be conf
dem that they can get the product az even a
love price than that at which it is now held.
The large sale made to-day caused a frmer
feeling among the factors and caused some
speculation among the exporters as to who
41 N Of FHaa \
exporters denied having Tough the
block Of spirits, and the general
opinion was that it was sold for domestic
Shipment. The condition of the market is
as Yet somewhat unsettled, but the factors
claim to have every reason to believe that
they will succeed in maintaining fair prices
for the product. The concessions which have
been made from time to time by the commit
tee of the combination. is said to have been
regretted by a number of the factors who
we're disposed to hold out for higher prices,
under any circumstances, though the judg-
ment OF the committee may turn out to be the
best in the end A statement was published
a few days ago, in which it was stated that
the larger factors had made a sort of cOnces-
sion to the smaller ones. in lowering the price
Of spirits. This is denied by the so-called
smaller factors, who have really been the
most energetic and persistent bulls, through
out the fight for higher prices and have
shown no weakness at any time. The situa-
ton is growing more satisfactory to the fac
tors and they feel confident that they will
not dispose of their stock at better prices
than the exporters expect 10 pay.
Rosln-There has been fair ira ling during
the last week, and the sales aggrega ed 20, O00
barrels. During the past three days there
was but little demand, and sales we're effected
only by concession on the current prices.
On Tuesday there was a decline, and buyers
went in lively, taking large blocks at the
lower prices The market was firm, and some
medium grades advanced a little on Thurs
day. The week shows quite a satisfactory
business icing done.
Quotations--At the close OF the market to-
day the following quotations were bulletined
at the Board Of Trade: Spirits turpentine,
firm at 26Ac for regulars.
ROSin-k irm.