The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-21
REVIEW OF THE WEEK.
The Condition Of the Local, Domestic
and Foreign Markets.

The Local Wholesale and Jobbing
Trades Improving Steadily-Rosin
the Principal Feature in the Leading
Markets-Spirits Turpe ntine Market
still in a State of Suspense-Cotton
Quiet and Steady, With Small
Observation-Disclosures Trade Re-
oeiving New orders-Other Markets
STEADY and Improving.
Savannah. July 20.-The general markets
we're considerably improved during last
uAek. Trade has increased wonderfully in
groceries, provisions, dry goods and hard
ware. The merchants received large orders
nv mail and through travelling representa-
lives and the volume of the movement in
every line gives encouragement to the gen
eral trade. Collections have been compare
lively good. and money continued easy. The
naval stores trade has had a drawback on &C
count of the deadlock existing in the
snirits turpentine market, as not one cask
changed hands; but this has been Offset by
the unusually large sales of rosin; the latter,
though somewhat lower IN prices, have sus-
tanned values fairly we'll. Cotton in the spot
market, has been steady, with fair demand,
At unchanged prices. The offering stosk is
unite limited, the stock on hand being small
Ter than at any time in several years back.
There we're several orders placed for lum Der,
and the inquiry for coastwise vessels has in
ERASED. though freight rates remained nomi-
nally unchanged. The general depression Of
business on account OF the western Strikes
and the unsettled condition Of affairs at
Washington, has not affected the local trade
to any great extent.
The following resume Of the different mar
kets will show the tone and the latest quota
tions at the close to day:
Naval stores.
Shirts Turpentine-There is nothing new
TO note in this market d.ring the past week.
During the early part Of the week the market
was bulletined firmly held at 29Xc at the
Board of trade, but since tuesday 1t was
simply posted nothing doing" The latter
expresses the condition exactly. There has
been absolutely no demand from the buyers.
The factors appear to lie just as determined
TO hold out for their price as they were when
they held a stock OF only 500 casks, viii h
has since increased to about 90, 900 casks. They
claim that they can easily hold the receipts,
AS they intend 10 add the expenses OF holding
to the value, when they get demand. cir
cular has been sent to the producers, request
ing them 10 cut of the production, an &C
count Of which appeared in yesterdays MORN
ING NEWS. The tank project is progressing,
and it is the intention OF the company to have
them erected at once. What the outcome of
the ngDJ 10 MAINTAIN PRICES VIII DC, reHla4ns 10
be seen,
Rosin-There has been a general loss in all
grades during the past week, but the de-
mand has been freely met at each decline,
and the sales have Leen unusually large. The
sales for the week amounted TO about q ,0J0
barrels including all grades. by comparison
of this years 1t les with those Of last year,
it will be seen that they are about the same,
excepC in ale grades, which we're consider
ABLY higher last year. The factors have
shown no disposition to obtain unreas enable
prices for rosin, but have gradually acceded
TO the effects of supply and demand and ap-
pear to be satisfied with the result.
Quotations-At The close of the market to-
day the following quotations were bulletned
at the Board of Trade: Spirits turpentine,
nothing doing"
hoSin market firm,