The Savannah morning news., 1900-07-14
REVIEW OF THE MARKETS.
CONDITION OF GENERAL TRADE
DURING THE PAST WEEK.

The Cotton Market shows strength
in the Force of Favorable Crop
News From Many Sections-NavaI
stores in Strong Position, with
Turpcntine Firm Mt ~ Cents-ROs-
ms Firm at Advances-LOcaI ana
Photographic Markets.
Morning News Office July 13.-The turn
OF the max IS during the past week has
been gratifying 10 commercial interests
generally. Notwithstanding The bearish
CROP news which has come out prominent
~ IN the cctton market prices have not
orly been well maintained, but advances
have been scored. The naval stores mar
ket has been in very strong position, the
closing to-day showing decided improve
mem on the prevailing prices last Friday.
While tracing is reported to have been
draggy On the big exchanges, il is never
theless true that great interest has been
attracted to the Get on market Much de-
ponds just now on the condition of the
crop, and the varying opinions as 20 the
damage it suffered during the recent wet
weather do not admit of forming any
uaton. 1t is generally admitted there has
been ccnsidelable/ damage to the crop,
but there are not many inclined to at ach
too much weight to this. The week closes
wi h some gains. To-day the market went
off from to Il points, with the tone
quiet
With the local trade very little is doing
III l. hstct
ness doirg, however, with interior mills
disp- sing Of their surplus stocks. Most
of the receipts at the ports just now is
interior cotton for Liverpool and that
which is being shipped by mill men.
The improvement in the naval stores
market hare ard elsewhere has been gen
orally interesting to the trade who take
a favorable view of the outlook for fur
Their improvement the coming week. Spr-
it's turpeutine was in good demand, with
the tendency decidedly upward, and the
price showing a good gain over that on
last Friday. TIE higher grades of rosn,
including pales, showed much strength,
and closed at an advance over the pre-
vious week.
There was a disposition during the early
days of the week on the part of buyers
10 hammer the market, but they went at
it in a way that disclosed their secrets to
factors a number of buyers filed bids
On last Friday and Monday quarter of
. cent below the market, and the fact
there were a number of bids indicated to
factors that a strong demand prevailed,
and that they had as well get the benefit
of 1t as the buyers. Factors accordingly
used Their stuff in making deliveries,
rather than part with il on lower basis
than he market. and in this way they
succeeded in keeping the price up without
hurting themselves in any way. Monday
afternoon buyers entered at 4314 cents, the
market Trice, the closing sales being 400
casks. From then on moderate trading
followed on this basis. Wednesdays clos
ing fourd the price up o -3l2, and Thurs
days closing at 433i. The demand is still
good and the outlook for a maintenance
Of present values. If not further advances.
The closing to-day was A cents.
The rosin market was in strong posi-
ton all week. and does not show evil
deuces of weakening a the closing On
Wednesday there was an advance of
cents on pales, and on Thursday NJ went
IN ; cents. There was a fair demand for
stuff for export.
From the accounts factors have from
farms the conditions are anything but
eacourag ing for any immediate increase
in the receipts a general drawback seems
t. have come to bus ness, and al a result
operators are finding it hard o keep farm
work moving along as they would like to
These reports are having a very pro-
nounced effect on the market, and are
factor in carrying prices upward
The following resume will show the tone
and uuotat. ons of the markets to-day: