The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-26
COMMERCIAL AND FINANCIAL.
The Local and General Markets Of the
World.
OFFICE MORNING NEWS. !
Savannah. Ga, b. ay %, 1891. {
Weekly Review.

r,-.t+v much the same conditions existed in
.-s General markets during the week under
---,s,y As we're noticed in the previous week
-raral healthy tone was, however, ap-
INT especially in the io0bing trades, and
Lasa more so by an improved business in the
-.,,ar7l distribution showing a slight in
use The grocery trade is somewhat i'm
cd and generally satisfactory for this
so, Of the year. In dry goods there is lit
-. doing. as in the case Of hard
&c il being between the seasons.
Cors. lions are moderate. The exchange
-a-l.o+ remains steady, both in foreign and
nestle. The security market IS quiet, with
e.r,e few fluctuations. The features of the
-.ol, we're the trmness OF naval stores and
.,,sr7aU business done in cotton, though the
,..+sr has been steadier during the last few
80 The following resume Of the week.
srsiness will show the tone and the latest
,r,r,tions Of the different markets at the
close today:
Naval Stores.
Shirts Turpentine--The week opened with
.ho market being firmly held at 27Hc for
..-ulars. There was no disposition on the
r9rt of the exporters to buy, until Monday
s,erroon. when there was a great furry in
,hernarket and as stated at the time in the
,TopNrYc NEWS, the exporters took every
,rarable cask in the market at 27l5c, The
-srt dav the factors promptly advanced the
-,,e IN 2sc and the buyers dropped out OF
he market again. There were small sales
made from day to day to MI orders for
5o[nsstic shipments, which have amounted to
ya, 5OJ rarrels. BY reference below it Will
re seem that the foreign exports during the
fst week have teen unusually large. There
. ,@S several vessels now loading and large
Tr1her expected to arrive during tho next
thirty DAYS. These facts are encouraging TO
,be factors and producers are lubllant over
their successful endeayor to maintain and
Tow thar it has been demonstrated to a
certainty that the factors intend to hold to-
ce,her for a firm market, and the demand
continues good, the buyers have come to
he conclusion that it is well for the entire
trsde Their only fear is that some timid
factors might get frightened, and sell below
The market which would seriously depreSs
,6e business as the exporters, having bought
iqrcev are willing TO pay the market prices,
Troyided they are sustained on this point.
Inc factors say that there need he no fear Of
mem not holding to prices as the results OF
t6s past month have shown that it is to their
advantage TO do so. A gentleman, who has
INST returned from New York, says that the
dealers there are watching our market
closely and are gratted that the situation is
.S encouraging. The demand for domestic
r7rsumutou so far this year, has been
greatly increased over last season, and 1t is
expected that it VIII continue throughout the
summer.
The market opened and closed to-day with
ont change IN the situation, The sales for
neontre week were ABOUT 1900 casks
hosn-There was good steady demand
for all grades during the last week, the sales
amounting TO about 10000 barrels Tor the
week these transactions were on all grades
except the three finest, which have been
firmly held FOR l0c advance on the quotations
Il was rumOUed that some sales were made
Thursday afternoon at the advance. but thew
were not officially reported. G and H resins
have advanced sc per barrel during the week
The market opened urn and unchanged at
the Board Of Trade this morning and closed
firm and unchanged.
Quolalons--At the close of the market last
night the following quotations were bulle-
tined at the Board of Trade; Spirits turpen-
tine firmly held at 2Sc for regulars.