The Savannah morning news., 1901-11-25
WEEKLY MARKET REVIEW.
cotton Ffrmer-StOeks Active and
Irreguiar-Grain and Provisions
Mostly Higher.

nOStAs ohShcFs
Cotton was moderately active with
prices fiuctuating considerably over
a rather limited range. The tone was
quite uncertain during the first half
of the week, but later it became firm
er, and January rose from 750c on
Wednesday to 7.7Oc on Friday. 4
slightly easier tone ruled on Saturday,
January closing at 1850, net adj
vance for the week of 10 points.
The main causes of the better feel
ing were somewhat improved trade re-
ports from Europe, and the light move
ment in the Southwest, creating dis
position to discredit recent extrava-
giant crop estimates. The amount
coming into sight was about $4,000
bales more than last year. about 1000
bales more than year before last, and
about 10000 bales less than in 1898.
The total to date is about 100000 bales
behind 1898.
The bureau report due on Dec. 8,
causes some apprehensions among the
bears, although they profess to be-
lieve that 1T has been largely discount
ed. Most people seem to think it will
point to 10, 500 900 to TO- $50, 900 bales, but
it is difficult to see how it can indicate
much if any over 100000. There is
nothing in either crop reports or the
movement to warrant anything of the
kind.
Stocks were active and irregular,
with prevailing tendency toward
higher prices. In fact, many important
railroad stocks succeeded in passing all
former records, among them Manhat-
tan. Lake Shore NnNN TarSau
New York Central. Reading, and Nor
felix and Western. While railroads were
generally strong, some of the indus
trials were, quite weak, notably Anal
gamated Copper, which fell points,
mostly on Saturday. Sugar lost an ear
ly advance of some points. Iron and
Steel stocks were firm, with a gain of
about 2 points in Tennessee Coal. Peo-
pies Gas fell over points on local diff
ficulties. There were no signs of money
stringency although gold exports con-
tinued heavy. Despite the outflow of
gold, the weekly bank statement was
favorable. but of course such an ano-
maly cannot continue indefinitely. Some
little hesitation on the part of the big
roads in the great combination arose
from the antagonistic attitude of he
executives of several Northwestern
states. 1t is not thought, however, that
this will amount to anything serious.
Upon the whole, considering the uncer-
tain prospects in the money market.
the stock list now shows many points
of dangerous imitation.
Grain markets were fairly active
with late very decided strength in
corn and oats. Corn advanced 1c to
11sc, and oats 2 to &c. Wheat closed
about unchanged at 76c for May, the
market still holding back under press
ure of bearish statistics. However, the
relative cheapness of wheat is becom-
ing more and more pronounced, and
when speculation gets fairly in, pres
ent stocks, large or small, viii cut very
little figure. Wheat looks a reasonably
safe purchase on all declines.
Provisions were strong, but unset
tied. May pork rose S5c to SIG. fell back
TO .47R, and closed at $15. 77h. Hog
receipts are large, but due to scarcity
of feed. as shown by the light weights.
Higher prices are expected for provis-
ions. VIM. I. Williams.