The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-11
REVIEW OF THE MARKETS.
The Condition Of the General Trade
During the Last Week.

A Little Spasmodic Squirt in the Cot
ton Market-A Dull Week in Spirits
Turpentine-Big Sale of Pale Rosin.
The Prices of Corn and Corn Prod
ucts Advanced-Higher Quotations
on Bacon, Butter and sugar-The
Jobbing Trades Fairly Active, With
Steady Movement-Resume of the
General Markets.
Savannah, Aug. 1O-The condition Of the
local markets has been but slightly changed
stnce the previous week. The leading staples
continued to be duh and unsettled, with but
little chance for an immediate change in the
situation. The greatest interest has been dis
played in the naval stores market, where the
hight between the buyers and sellers remained
far apart in their views as to the proper QUO
tations to put on the prod The business
was stagnant until to-day, when the sale of
q, 600 barrels of pale rosin at a decline caused
stir in the trade
Cotton has been steady and unchanged,
with small business doing on account of the
limited Offering stock. The iobbing trades
have been fairly active, and the movement
has continued steady throughout the week.
The great strength displayed in corn at the
controlling markets has effected the prices Of
that article, and caused a sympathetic ad-
vance in butter, bacon, lard, and -four. The
dry goods trade has continued active, and or
ders for fall lines have been very satisfactory
to wholesale merchants Hardware has sus-
tanned a general revival in the movement for
the seasons requirements. Collections have
improved somewhat, but have been reta rded
considerably on account of the deadlock in
the naval stores trade. The lumber trade is
generally quiet, though a few new orders
bava heen rRcaIved during the ct JVeelz
The mills have been generally busy turn
ing out back orders, which have been re-
tarded on account of continued rains. Lum-
Der freights have steadied up a little, but
there is no quotaole change in the rates.
Money continued easy with a fair demand
freely met.
The following resume will show the tone
and latest quotations Of the different mar
kets at the close to-day:
Naval stores.
Spirits Turpentine-The great deadlock in
this market has not only absorbed the atten-
ton Of those personally interested but has
created an interest in all departments Of bus
mess. A settlement OF the affair would re-
leve the anxiety which prevails in all trades
throughout this section. Nearly one million
dollars is now tied up in spirits turpentine,
which is lying upon the wharves, subject TO
actions Of the weather, without purchasers
at the price at which it is held, The sltua-
ton is growing to serious proportions and
cannot last much longer. as 1t
will affect the business, not only
in this section, but of Europe and the vest.
Whether the manufacturers can do without
the prime material for their operations until
the factors decide to allow their goods to
move at price below the cost Of production,
is a question which agitates the minds of all
those interested in the trade. The details Of
the fight have been published daily in the
MORNING NEWS since the differences began,
and are familiar to every one. There has been
no change curing the past week. Buyers ap-
pear to be confident that the price Will break
and factors claim that they will in the end
gain their point. There has been some small
sales at CSC for regulars, and the market
closed with 271ac bid and 28c asked.
Rosin-Ihe market continued dull and neg
lected up to this morning, when the combina-
succeeded in breaking prices and offered to
big deal was effected and the sales are said to
amount to about 25.Oo0 barrels. Some of the
factors did not unload their entire holdings
but kept quantity back to be supplied to
other exporters who had orders to fill at the
decline.
At the Board Of Trade the market opened
unchanged, and closed firm at the decline
The sales at the last call at the Board of
Trade were :, e40 barrels which included 500
water white at S2.55. 800 window glass at 81. 35
500 n at SEQ and 100 NJ at 81. Is. Other grades
were unchanged
Quotations-At the close of the market to-
day the following quotations were bulletined
al the Board Of Trade spirits turpentine,
273Sc bid, 26c asked.
hoSin-F1rm.