The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-14
REVIEW OF THE WEEK.
The Condition Of the Local, Domestic
and Foreign Markets.

The Local Jobbing Trades Improving.
The Deadlock in the Spirits Turpen-
tine Market Uubroken - Rosin in
GoodDemand and Large Sales at the
Expense of Values-Cotton Market
Quiet Throughout the Week-Provis-
ions and Grain Higher Tele-
graphic Markets.
savannah, July 13.-A review of the past
week reveals rather an unsatisfactory condl-
tion of affairs in the general markets, though
locally there has been a fair movement in
the iobbing lines, and considerable improve
rnent in some departments. There has been
no change in the situation of the cotton
market, which has beenQuiet throughout the
week. Rosin has been in good demand at de-
Ginning figures and large sales were effected.
The stock OF spirits turpentine has increased
TO enormous proportions, while the factors
firmly hold out for their price and tho in
difference of the buyers remained unchanged.
In provisions there has been q steady vol
une OF business at advanced prices. which
was caused by the tie-up at the stock yards,
and the unsettled condition of affairs among
the strikers in the west. The grain market
has been affected by the same cause, and
prices advanced steadily during the week. In
dry goods and hardware there has been some
Improvement, orders having begun to be sent
in from travelling men on the road. The lum-
Der trade has shown a little improvement,
there being several schooners chartered and
ready to load for coastwise shipment and one
barkeutine for South America
The following resume of the different mar
kets will show the tone and the quotations at
the close to-day;
Naval stores.
Spirits Turpentine-The deadlock which
has existed for the past month between the
factors and exporters is yet unbroken. Dur
ing the past week the receipts have continued
TO arrive in large quantities and have been
added to the already immense stock in first
hands. The only sales for the past week
were 100 casks, which were to hll an order for
domestic shipment. The buyers continued
out Of the market and ceased bidding dur
ing the last few days. The factors feel
Strengthened in their position by the fact of
the formal organization of the tank company,
which is expected to begin erecting the tanks
O. once Another encouragement offered to
the holders is that operators throughout the
turpentine sections are fully in accord with
factors in their movement to maintain salts
factory prices. On Thursday the factors
raised their price to 29Rc for regulars, and at
the close today the market remained IN
changed with no sales.
Correction-The report of the price yester-
day at 29c was an error. The market was
posted firmly held at 291ac on that day.
Rosin-lhere has been a large business
done during the last week at the expense of
values in the lower grades, The demand has
been steady and the sales for the week APP
proximated % 900 barrels. During the early
part of the week there was no demand for
pales at the quotations, but these grades were
nrmly held, and toward the latter part OF the
week there were some large sales made.
Cuotations-At the close of the market to-
day the following quotations were bulletined
at the Board of Trade Spirits turpentine
firmly held at 291ac for regulars.
kosin market firm.