The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-04
REVIEW OF THE MARKETS.
The Condition Of the General Trade
During the Last Week.

The Bottom Dropped Out of the Cot
ton Market-A Successful Attempt
20 Bear Rosin--Spirits Turpentine
Plentiful, but Orders Scarce at the
Price-Good Business by Hardware
Houses-Dry Goods Trade DoinRWelI.
Steady Movements in Groceries and
Observation-Disclosures in the Price of
Cotton Bagging-Review of other
Markets.
Savannah, Ga, Aug. 3.-In last weeks re-
visw an Improvement was noted in the gem
sral distributing lines; since that time it has
heeD something more than sustained, and it
is probable that the aggregate sales IN the
general wholesale departments have made up
the largest total in any week for some time
mast The jobblng houses report larger or
ders from travelling representatives and an
increase in demands by mail. The dry goods
and hardware traders are now in the hight of
the season in supplying country merchants
with stocks for the fall trade, and the pros
meet for an extensive and profitable business
ia very apparent. Collections have been
fairly good. The total clearings through the
clearing house have been somewhat reduced
on account of the stagnation Of business IN
cotton and naval stores, though money con-
tinued easy with fair demand. The features
Of the week in the leading departments we're
the continued fight between the buyers and
sellers of spirits turpentine, the break in the
nrices OF rosin, and the dullness and decline
in the cotton market. There were few orders
for lumber, but prices continued nominal
with offerings freely made at the lowest
prices.
The following resume Of the different
will shaw the and the Quota
tons at the close to-day:
Naval stores.
Spirits Turpentlne-The past week has
been the most excltahle one since the great
fight between the buyers and sellers com
menced. Al the opening of the market last
Saturday it was unchanged from the previous
situation, being posted nothing doing On
Tuesday the buyers were somewhat surprised
at the announcement that 1000 casks had
been sold at 2Sc., and the market price estab-
Ished and quoted drm at that price. 1t was
subsequently rumored that the factors had
made deal with a large exporting house,
and had disposed OF 10000 to 10000 casks.
The buyers did not give the report as
much credit as IL was expected II would
convey. and refused to go in the market
Bt the established price. 1t was afterward
circulated that the actual sales were 1000
casks. to be exported on the steamship Iris,
now loading here for London, and 10000
casks to the Standard Oil Company, to be
shipped to the interior The buyers claimed
TO be informed tnat the IaCt6f safes were
made al 271ac per gallon. On the other hand
the factors still claimed that their deal was
legitimate ana that they had disposed of the
large quantity reported, and that they In
tended to hold the remaining stock at 2Sc or
higher They have engaged tonnage and will
begin to load vessels for Europe next week.
The market continued to be bull
letined firm at 23c until Thursday morn
ing, when, there being no demand and
no sales, was posted quiet and I'M
changed At the close on that day another
change was made in the tone, though the sit
uation remained the same and it was bulle-
tined firmly held" at 28c for regulars 1t
continued unchanged, without any new de-
velopments, until the close Of the market
to-day.
Rosin-The week opened with dull and
neglected market. 1t continued in the same
position for five days, and became evident
that the buyers were endeavoring to break
the prices by remaining out of the market.
Finally, on Thursday the decline came and
resulted in heavy slump in all grades,
except A, b. G and d, and the three paleS In
the latter there was nothing doing. as the
combination of factors refused to sell lower.
There were large sales in the declining
grades. and further reduction was looked
ing, however, the quotations we're unchanged
and remained so during the day. The sales for
the week amounted to 5000 barrels, and were
made during yesterday and to-day.
GuotationS-At the close of the market to-
day the following quotations were bulletined
at the Board of Trade: Spirits turpentine,
firmly held at CSC. for regulars.
Rosn-N, window glass and water white,
nothing doing; other grades firm.