The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-16
REVIEW OF THE WEEK.
The Condition Of The Local, Domestic
and Foreign Markets.

A Heavy Trading in Rosin During the
Week - Advances in Grain and
Cereals-Lively Trading in Railroad
Stocks and American Sugar-The
Leading Features in All Branches of
Trade During the Last week-Clos-
ing Quotations.
Savannah, June l5.-There has been a ma
terial improvement in the general m rkets
during the past week, particularly as regards
values. Prices have advanced on several of
the leading staples, while the tone has been
steady in nearly all departments. The weekly
bank clearings continue to shrink as the
season progresses, but have greatly exceeded
the volume Of last year, The movement in
rosin was quite large during the last week
the sales greatly exceeding any week since
the opening Of the season. Spirits turpentine
continues dull though prices are held firm,
awaiting an expected demand. Cotton has
ruled steady, with a firm undertone;
though the business done has been very
light The cotton market now depends upon
the weather, and its effect upon the growing
crop.
Trading among the jobbers has been quite
steady throughout the week, and the volume
of business was satisfactory. There has been
a steady receipt of orders from statesmen on
the road, and the average outgoing shipments
were better than for several weeks back.
Money continues easy. Collections we're fair.
The features of the week were the strength
in grain and cereals, which have advanced
considerably. The lumber trade has
been quite dull, but it is expected
that the movement will increase in
the next few weeks. Dry goods have show n
steady distribu tion. The hardware trade
continues quiet. The wool market was weak
and declining. Eggs have advanced during
the week; the market, however, is fully sup
piled. Other local markets have ruled steady,
though not very active during the last week.
The telegraphic reports of the controlling
cotton markets have shown considerable fuc-
tuations, caused by frequent declines and
lack of orders at Liverpool, reports of good
condition of the crop in Texas, Arkansas,
Louisiana and Tennessee, and the drought
and cold weather in the southeastern part OF
the cotton belt, There has been great strength
IN corn, oats and provisions, which have
ruled at higher prices Wheat is believed to
be as low as it win go. Railway stocks and
bonds have ruled higher and more active
American sugar certificates have come in for
heavy transactions during the week Other
industrials have been steady.
The following resume of the general mar
kets Will show the tone and the latest quota.
tons at the close to-day:
Naval Stores.
Spirits Turpentine-The situation has been
unchanged throughout the past week, There
has been no inclination to buy on the part OF
the exporters, while the factors have per
sistently held their receipts at 235%c for regu-
lars. The accum ulated stock of spirits tur-
pentine in first hands is now upward of 30
900 casks. The sales during the last week
were only 220 casks, which were to i'll orders
for domestic shipments. The factors state
that they are prepared to hold any quantity
Of stock and do not feel uneasy on account of
the light demand. The exporters are not dis
posed to pay the price asked, and conse-
quCnty the market remains very quiet.
The producers appear to be satisfied at the
position taken by the factors, and are salts
tied to wait developments.
Rosin-The last week has been lively one
in the rosin market. Prices have been steady
and strong. he sales were larger than any
previous week, being about $4,000 barrels.
These sales included all grades. the pales,
which had been accommodating for several
weeks, being readily taken at the regular
quotations. There were sales of 50 barrels OF
G rosin at SLAB to-day, but the prominent
sales we're made at S1.40, the price at which
1t has been sold du ing the entire week. The
market closes strong and unc hanged.
Quotations-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 2S1ac for regulars.
ROSiQ strong.