The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-02
REVIEW OF THE WEEK.
The Condition Of the Markets at the
Close To-day.

Cation Advancing Under Favorable
Conditions at the Controlling Mar
kets, Which Are Influenced by IN
favorable Weather Reports-Naval
stores Still Firm With Steady Sales.
Groceries and Dry Goods Trade Fair
for the Season-Provisions Declin-
ing-weekly Review of the Local
and telegraph Markets.
Savannah. June THE market for season
able goods and for the general run of staples
has been decidedly quiet during the last week
the weather conditions ruling adverse 10
business in all departments, largely arresting
the distribution Of merchandise The tone OF
the general markets continues dull through
out. and whilst there is no active pressure on
the part of sellers to move stocks such as ex-
listed some time ago, there is a persistent
readiness TO meet buyers in most directions
there is some change for the better in the
cotton market, which has materially ad
vapced under the favorable influences at the
controlling markets. The reports from this
section show that the crop was greatly in
iured by the recent cold SPELL and in some
sections the farmers are blowing up the land
The same conditions are reported throughout
thecotton belt. The Louisiana weather report
issued May IS says:
The chopping out Of cotton is generally
completed. except some of the late plant
This staple was apparently the greatest suf
ferer from the cool wave in the more north.
ern parishes, its growth being retarded and
leaves of the plant turned red and yellow
and some few correspondents report some
Young cotton having died from the effects OF
the cold. The conditions at date are. how
ever. more favora le, and the plant is again
assuming healthy appearance and growing
finely 1t is teginnfng to form in portions
Of Sou Louisiana"
The recent report that untavorable weather
and grasshoppers were damagi ng the Texas
crop have Teen contradicted. 1t is stated
that tie cold wave did no injury to the crop.
and that although grassho opers had appeared
sixteen miles east of BRENNAN. Texas. on the
edge of woods, the damage did not amount to
anything.
Naval stores have ruled firm during the en-
tire week. sales in spirits turpentine were
large at the beginning, the exporters having
cleaned up the market Saturday. Resins
have been in good demand and all grades ex
cept pales we're freely disposed Of The latter
we're dealt in at the close of the week large
sales having Teen made at private terms.
The grocery business continues with a
steady movement, though there are no devel
opments Of interest, except the decline in
-four bacon and lard. The tones of these
markets continue steady. Collections are
fair for this season Of the year. The hard
ware trade continues very quiet, as is ex
pected at present, it being between seasons
Prices in the meant me are fairly steady
though staple articles can be bought at a
shade below the ruling quotations. The dry
goods business has not opened up for the fall
trade and the conditions OF the weather has
been unfavorable Tor filling in" present
stocks of seasonat lie goods. The wool mar.
ket is weak, having de lined Nc during the
past week Hides. wax aad tallow continue
quiet and steady. Country produce rules
quiet. Eggs are in full supply, with an unset
tied, low market. The money market contin
ues easy, with a fair demand. Foreign and
domestic exchange have been unchanged, be
ing steady at current rates. The lumber
trade is quiet. but steady. The demand for
crossties keeps up, and shipments are con
tinuing.
The telegraph markets during the past
week have shown a generally quiet tone
throughout. The most important features
have been the advance during the last few
fluctuations IN wheat and the speculat1ons in
American Sugar and Chicago Gas. Pro
visions have been dull, in the absence of spot
or speculative demand. while the stock
especially in lard. is getting large enough to
be heavy on the hands OF holders,
The following resume of tine general mar
kets will show the tone and the latest quota
tons at the close to day;
Naval Stores.
Spirits Turpentine- The week under re-
view commenced with a furry in market. The
entire stock Of about $3.50 barrels being sold
at 2Sc last Saturday Since that time the
market remained firm and unchanged, with
sales from day to day for domestic shipment,
which amounted to G0J / arrels. The offer
ing stock has been accommodating for several
days and up to to night is a out 100 casks.
The factors concluded to advdnN e. he price to-
there were no sales reported, andsthe market
closed Lrm at 2Sc at the Board of Trade.
ln-Ghere was steady business doing
durlu. the past week. All grades except paleS
were in good demand and the stocks we're
taken as they were received from day to day
The quotations have remained unchanged
with the exception Of N, window glass and
water white, which advanced l0c per Uarrcl.
with pretty fair sales during the week. There
was large deal made in these grades to day
IN viii h the sto ks Of some OF the principal
holders were sold. AT the BoaId of Trade
mere were 600 barrels reported sold at
private terms. ="
Cuotalions-At the close of the market last
night the following quotations we're bule-
tined at the Board of Trade: Spirits turpen-
tine firm at 2Sc for regulars.
Rosln irm-
a. B,C& D.........S1 05K. 25