The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-30
REVIEW OF THE WEEK.
The Condition Of the Local, Domestic
and Foreign Markets.

features in the Local Markets
n,rins the last Week-Rosin Con-
+inued Strong and in Good Demand.
s,irits Turpentine Was Dull and
Tnaotive, but Firmly Held at Fac
.o-s, Prices-Cotton Remained Quiet
- Unchanged With q Fair Bust
.ass Doing other Markets Quiet
md Steady With Some Declines.
No Special Features in the Tele-
graphic Markets.
savannah. June 29.-About the only active
-.o~,st in the local trade during the past
-, was that Of rosin, il being in strong de-
I'D The general markets were more or
80 anil and steady. Spirits Turpentine was
- ami. there being no inquiry whatever.
y rroceries there was a pretty steady de-
80 particularly for bulk and staple goods.
= drv goods the business was somewhat in
.-eased over the previous week.
steady demand being had for
tru lines in cotton fabrics, and the
sot weather has helped the distribution OF
.eosonable fabrics also. In the hardware
,vade there was no improvement in mail or
ders and houses are preparing to send their
sa1esren on the road to solicit full business.
The lumber trade was small, orders being
scarce Ocean freights were still dull and
nominal. with very little doing. Dealers in
country produce we're complaining of very
AMI trade. Collections were slow. The
money market continued easy. Foreign and
domestic exchange was unchanged. Central
railroad stock was in strong demand, and
has been steady during the last few days
with very little Offering.
The fluctuations in the leading grain mar
lets of the world during the past week were
within narrow range Quite number Of
canses have occasioned some sharp and err
ratic speculations, and the market closes at a
considerable loss from the previous week
stocks and bonds on the New York Exchange
we're dealt IN quite largely at one period du-
ring the week, and there was growing ten
dency Of increasing values for few days
Certain influences, however, caused halt in
the rise, and the market closed firm
alta slight decline. The cotton market was
Quiet and easy during the past week
although a fair business was done in actual
cotton, spinners taking quite little and
some negotiations being secured with ex
porters. Speculation in cotton futures was
limited with downward tendency during the
entire week.
The following resume of the markets will
show the tone and the latest quotations at the
close to-day:
Naval stores.
Spirits Turpentine-The last has been the
dulfest week, perhaps, ever known in the his
tory Of the trade, the entire sales reported
during the seven days just ended being only
100 casks. The receipts have been unusually
heavy and the stock in first hands has beer
Increased to proportions greatly exceeding
hprAtOf0Tp carried There
been absolutely no inquiry made by the ex-
porters, who have been holding on allowing
the factors to bear the weight
on the other hand, appear to be de
termined to hold the product until demand
springs up There is the greatest need fol
tanks in which to place the stock, as the hot
weather causes considera bic leakage from The
casks, and then the expense Of cooperage ano
handling amounts to quite an item to the
holders. 1t has become evident that some
means must be devised to carry the stock O.
spirits as 1t accumulates and the sooner the
factors build the proposed tanks, the better
position they will be in to control the market
break in the price now would be detrimental
to the trade, and show weakness which thu
promoters of higher prices wish to avoid. Or
Thursday offerings OF 500 casks OF spirits tur
pentne at 2S2ic asked, was posted at the eX
change The factors claim that this o1er wal
not made by holders Of producers stocks, bu
was offered by other parties, Up to to-nigh
there were no takers of the offer.
Rosin-The market for the past weel
opened very strong at advancing prices. The
demand was good and large sales were made
each day. All grades except we're advanced
from PIC to Sc per barrel. The demand con
tinued strong until Thursday, when the mos
Of the factors had filled their orders for j n'
shipment, and the market became a little
easier to-day, and was quoted firm at de
cline OF 21ac on and below. The sales O.
the week have about absorbed the entire re
Ceipts.
QuOtations-At the close of the market to
day the following quotations we're bulletineC
at the Board of Trade: Spirits turpentint
firmly held at 29c for regulars.
lncirn MI ri. f..