The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-18
REVIEW OF THE MARKETS.
The Condition Of the General Trade
During the Last Week.

During Inc Last Week.
Hesvy Trading in the Rosin Market.
Shirts Turpentine Finds No Buyers
at an Offer of One-half Cent Lower
Cotton Dull and Uninteresting-New
Bales of This Seasons Crop Re-
oeived-The Movement of the General
Trads-Quotations Generally Un-
cbanged-Resume Of the Week.
savannah. Aug. 1.-THE past week was free
from any interesting feature in the local mar
kets. except that continued demand for
,ogin kept up at the recently revised prices.
The passage Of the tariff bill through congress
introduced an influence OF a decidedly favor
able character. 1t is, of course, too soon for
snv material effect on business to be nottcea-
HE but the expressions of relief at the end
Ing Of the protracted tariff fight was too gen
srsl to be allowed to pass without comment.
On all hands there was a disposition to re-
gard the tariff settlement as the removal of
the most serious obstacle to the expansion of
trade. and caused confident feeling that there
would be a gradual growth Of demand from
now forward for general merchandise. There
is no anticipation anywhere of a boom in
business, but there is a belief that buyers
will throw of some of their ultra-conserva-
tism and make more liberal pro-
vision for future requirements. The
conditions in the general markets
we're not changed very materially. The con.
snuous heat was unfavorable to business, but
was not interfered with to any great ex-
tent. Joobers report a fair complement Of
orders by mail from travellers and quite a
satisfactory trade was reached for this sea-
son Of the year. The movement in general
merchandise was slower than usual, due
pin cipally to the deadlock in the spirits
turpentine market. The usually heavy move
ment Of rosin during the past week. however
is expected to assist IN the general distribu-
ton Of goods for immediate needs. Collec-
tons have been very unsatisfactory, which is
also caused by the large amount of capital
locked up in naval stores. The cotton season
is about three weeks behind the usual time,
which adds to the delay in liquidating &C
counts. Money continued easy. The security
market was very quiet, with but little doing
The freight market continued quiet with
plenty of tonnage Offering, but with no
movement of outward cargoes Sew
eral schooners have Just arrived,
to load with lun Der for coastwise shipment.
They are to take orders which were delayed
at the mills on account of the recent exces-
slve rains There was only fair demand in
the grocery trade. In dry goods the market
was rather quiet, but the actual business was
fair The hardware trade continued with a
good movement in general lines for the fall.
Values were stronger in provisions and bread
stu1s owing to the advance at the controlling
markets
The following resume of the different mar
kets will show the tone and the quotations at
the close to-day.
Naval stores. ---.---
Spirits Turpentine-'N Nothing doing" was
the regulation bulletin which told the tale of
the situation in the market during the greater
part of the week. The factors held daily
meetings TO discuss the situation and arrange
the details of the trade, while the buyers
quietly laid on their oars" and awaited de-
velopments. The first sign of a concession
was made during the early part of the
week, when. ii is said the combina-
ton committee offered 10000 casks at
271ac gallon. There was no report of
sale being conSummated. The situation
remained stagnant until Thursday. when the
Factors agreed to supply small orders at 2715c
and see If the buyers meant business; it only
resulted IN sales of few lots at that nrice
The exporters seemed to be won't to use their
oIq -tlme tactlcs TO get the price down, and
PAID no attention to the decline. 1t was not
low enough TO suit their purposes, so they
concluded to wait.
The position now reached is one of, who can
hold out the longer the factor or the buyer.
In the meantime several industries must con
unue to wait patiently until there is move
ment in one direction or the other; and a
movement is what is needed. There are YES
sells with tonnage to offer ship brokers with
charters to sign, stevedores with contracts to
make, pilots with plenty of deep water, tug
boats with time to tow, and many other en-
terprlses anxious for Job A settlement of
the market would give general relief to many,
particularly the producers in case their side
should win. The factors say they are tirmer
than ever, and are now determined to hold
the stock until the buyers come in line.
Rosln-Ihe market for the past week was
conducted upon basis of the old-time regu-
larlty. Exporters had succeeded in getting
the price down to a satisfactory point, and
transactions ABSORBED ABOUT the entire re
celpts from day to day. There was no material
change in the prices since the break in pales
aweek ago. The sales for the week aggregated
5000 barrels. The market closed with firm
tone, with the posted sales growing less
QuOtations-At the close of the market to-
day the following quotations we're bulletined
at the Board of Trade: Spirits turpentine
21Rc paid for regulars.
hOSin-Firm.
A % n ~