The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-01-12
REVIEW OF MARKETS
10Y OF GENERAL TRADE
hiring THE PAST WEEK
SPIRITS MARKET STRONGER.
ov,~CY CHARACTERIzEs THE
D. LATE DEALINGS.

800 n mil Closing the Turpehu"e
.,-et Braces Up on Good De-
ii with sales at the Quota
1..--TradinG in the Cotton Mar
ret Moderate - Bank Ciearinss
s,ov unconventional and Tele-
graphic Markets.
The Morning News ONCE,
Friday, Jan. II.
r.o5abv most interest in the markets
- the commercial week closing to-
entered in the declining tendency of
.-.+s +urpentine and resins, which
,b. ont considerable sales. Sales of
+, eco barrels of resins were made
" Thursday. when holders evidently con-
,,5s4 t1ev would let go in anticipation
=. the possibility of further recessions.
~, mar the market has reached trad
bssis the outlook is more favorable
- the trade for the prompt disposition OF
receipts. u
Tbroughout the week a steadily declin-
inc tendency prevailed in the turpentine
..orke+ with the outlook anything but
oroouraeing for an improvement IL
..sr,ed that the market had few friends.
and mat the side in sympathy with 1t
u.ora not overburdened with confidence as
n fts resisting power. The closing to-
sov was dull at 36c. with nothing to in
dcate any prospective Improvement. AT
+sr the closing buyers who were bidding
Qq.c entered the market. and were fol-
,oved by others, all apparently after
everything they could engage. This gave
tbe situation a buoyant tone, and sales
vere freely made at the market, with the
tone very firm.
The cotton market did not show any I'M
usual features during the week, business
being on a moderate scale, with the price
range narrow. The cotton futures mar
ke ruled rather quiet. The closing to-
day was nominally steady, with prices 6q9
points lower.
European advices are distinctly disap-
pointing and have led to the liquidation
Of some long cotton at concessions from
last evenings prices, says Hubbard Bros.
& Co Our local trade, however, are look
ing for a rally tomorrow and Monday,
believing the rainy weather in the South
will cause light receipts. In turn 1t is
expected that Liverpool will react sharp
Nv on the absence of offers from the
South Outside buyers are not buying as
they did earlier in the season, as they
hear so much from commercial travellers
in other lines of trade about the amount
Of cotton to be seen South and which they
hear on all sides is held for 10c. This
makes a quiet market. with the trade
ft1r
There is no Improvement as yet in the
cotton goods trade.
Liverpool opened about points higher
to-day but reacted during the afternoon
and closed about points higher, say Muir
ply & Co. Spots there advanced 1-32d, to
l9-32d, for middling; sales 5000 bales.
The New York market opened points
lower, owing to selling by local bulls, re-
acted about points on buying by the
leading bulls, but eased off again on free
4 interior receipts and expectation of large
amount in sight this week, compared with
last year January notices were circu-
lated again to-day and are being passed
from one to another. The leading bulls
seem to be in no hurry to get hold of
the cotton Weld & Co. took up about
10000 bales on December and issued no
tees against sales of January to-day.
Messrs R. IT. Wilson & Co are expected
10 issue a crop report tomorrow. 1t is
rumored they will estimate the yield at
over 10 go, 600 bales. Amount in sight, III,
O0O bales, against 1871. 11S last year. This
was not quite as heavy as expected, al
though it had no influence on prices, as
the volume of liquidation appeared to
have increased toward the close. Prices
gradually declined to the low point for
the delivery. Estimated port receipts,
23,O00 bales, against 1880 last year. New
Orleans expects tomorrow 1000 to 5000
bales, against 1859 last year; Houston,
1900 to 5000 bales, against 1858 last year.
The bank clearings for the week show
decided increase The following resume
of the markets viii show their tone and
quotations at the closing to-day, and their
condition during the week: