The Savannah morning news., 1900-09-22

cessions of Holders of Cotton
Among the Depressing Factors.
TurpentIne Was on a Boom. Bat
the Upward Turn seems 90 he
Checked-LocaI and TeleErRphIc
Markets.
The Morning News ONCE.
Friday. Sept. q.
The past week brought many evidences
OF ssvannahs sound and increasing busi-
ness. All that Is needed to prove the
volume OF local business is the activity
prevalent IN all lines The weeks bank
c!earings. showing an increase over last
year Of 100000 show the magnitude OF
local trade.
The successful efforts which have been
made IN hammering the cotton market
have brought prices down some. This
has been the case IN che futures market
more than Il has In spots however Bulls.
who could have rode about tn automobiles
few days since are now in close guar
ters. The reaction towards the closing
to-day, however, indicates to many that
the bear raid has about run its row. ard
that better prices may be looked for on
the strength OF the statistical position.
which does not seem TO accord with a
downward movement A plling up OF
receipts at the ports and concessions by
holders OF cotton will doubtless encour-
axe the home and foreign interests which
are seeking 20 lower prices by the shut
ting down Of mills. temporary suspension
OF purchases. etc.
The week witnessed remarkable boom
IN the turpontine market the only re-
grettahie feature OF which Is the unfav-
orable prospect OF the advances being
maintained. Spirits sold lost Saturday
az IS cents aud for the last two days at
35is cents Evidences OF a weakness de-
veioped towhrls the closing to-day. how
ever. and the Indications point to conces-
sions on the part OF factors which NAV
bring prices down considera bly, from tho
level they reached.
The market has been subjected 90 sew
cral influences. anyone OF which woud
have impaired q buoyant tone. One OF
these was the good foreign aud domestic
demand Cor spirits. which kept buyers
circulating among factors early and often
Another bullish factor WINS the reported
sailing from Antwerp OF the Antwerp
Naval Stores Company's new steamship
the Clcmatis for Savannah for cargo Or
dinariiy the sailing OF these steamers for
this side has no great effect. hu, the fact
the Iris Is now in port and had not begun
ioading return cargo lead many 20 sup.
pose there might be a sharp demand for
stun for the coming steamer Added to
these influences was the light receipt 3
during the early days Of the week, which
tended 10 excite the prevailing buIlish
sentiment Under these conditions Il can
be seen what was pushing the market up
and where might have gone. but for
the check which seems to have stopped
the rise.
While the week closes with a share
advance, the rise from day 10 day was
gradual. on last Saturday the opening
a. the Board OF Trade was firm al 25c,
with a moderate business doing. The
opening on Monday was firm q, 35c and
35iic and the closing Arm az the outside
price on Tuesday. 35isc bid was the price
az both calls. The market jumped 10 ssc
OF Wednesday. The opening on Thurs
day was Arm az &c aud 3TIsc and the
closing firm al 37i4c. II was to-day that
enc white feather was shown. when the
closing was firm at 800 The days sales
were 1900 casks.
The rosin market has not shown much
strength for the week. Last Saturday a
decline Of i've on ID and below was re-
ported. and on Monday. u. r. G and II
dropped five. on Thursday / aud X went
mp I'VE ar the outside. and to-day closed
arm at the outside prices.