The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-08-04
REVIEW OF THE MARKETS
CONDITION OF GENERAL TRADE
DURING THE PAST WEEK.

While Some of the Markets showed
Weak Tendencies, business on the
whole Was Considered satisfac-
tory-Cotton Market Quiet and I'm
changed Throughout the Week.
Spirits Turpentine Drops From AZ
on Tuesday to 40 Cents-LOcal and
Photographic Markets.
Morning News Ofice. Aug. 3.
Fairly good showings were made in the
local markets during the past week,
though In some branches there was de-
cided falling off, which indicated at the
closing to-day that still further losses
may be looked for before the bottom is
struck The turpentine market is up
against a brick wall. as 1t were, due to
the fact that the demand has diminished
in anticipation of heavy receipts during
August Until another view is taken of
the outlook, It is not likely there will be any
Improvement in the demand. which may
cause the present dullness to continue in
this market.
On the whole. however. the week S
business showing was good one. Is evil
cenced by the clearing house statement,
which shows an increase in the week S
clearings as compared with the previous
week of 81. 547, sos. "A. The clearings for the
week were 81, So. 63517. During last year
Savannah made fine record in point of
increase over the previous years clear
ings, and it is believed by many that the
same if not better showing, will be re-
peated this year.
The cotton market remained quiet and
unchanged throughout the week, with the
demand light, and the volume of business
on a small scale. The receipts for the
week were in fair volume. Until the bus
mess of the new season begins the local
trade do not look for any great activity.
The. gains scored in the naval stores
market during the past week were not
well supported, as is shown by the weak
ness which exists towards the closing.
Spirits turpentine got as high as AZ cents
on last Tuesday. when the market was
reported firm, but 1t later reacted, get
ting down to 40 cents, at which the de-
mand is light and the outlook for the
| maintenance of the price anything but
| favorable.
The rosin market remained in pretty
firm condition all the week, though there
was loss of 5 cents on NJ and above on
Wednesday. On Thursday Water Whf.a
closed at $3.50 and $2.65, and Window Glass
az 81 30 and 50 35. These were the only
changes in price. There was fair de-
mand during the week. though it was not
such as 10 keep factors entirely free from
accumulations. The receipts were In fair
volume. Sales for the week approx
mated 5000 barrels.
Reports from the country, and partic-
ularly in the southern part Of Georgia
and In Alabama, indicate rains which
have hindered producers some in gather
ing stuff, and have consequently had some
effect as seen in a slight lessening in the
receipts Labor troubles are also still
nterrupting producers in the prosecution
of their work.
Upon the receipts of turpentine during
August will depend upon the condition OF
the market. The past week brought rev.
Citations which have cast an entire change
over the situation, and caused buyers &c
| come to a standstill. 1t is shown that
the receipts for July were 10 per cent.
ahead of any previous July. Until this
was apparent buyers accepted the belief
as practically confirmed that the receipts
during August would, as usual, be very
light Since 1t is shown that there was
such a large increase in July receipts
however, they are backward about ac-
cepting this as true. They now believe
receipts for August Will be large, and
that as a result, they will be able to get
in the market on better terms. They look
| for accumulations in factors hands that
will force them to make liberal conces-
| sions.
That there is something in the conten-
ton is shown by the comparatively good
receipts during the opening days of Au-
gust, and the consequent falling off OF
the market, which has declined, since
Tuesday from AZ to 40 cents. In view OF
the fact that the demand is light. II is
thought probable there may be further
declines shortly, especially as there are
not evidences of let up in the receipts.