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EBTABLTSHKDIBS6. I
• j |[ gsTILL, Editor and Proprietor.)
FACTS OF A YEAR’S TRADE
Ol l.l' TIMES PAIL. TO STEM THE
tide OP PROSPERITY.
fl,e Buslnesaorthe Fast TwelveMonth*
More F'rinly than Kver Establishes
'I IH Q Ue n City of the Sonthemst on Her
luipregnsble Throne—The Future En
circled with Bright Auspice*.
OFFICE OF THE MORNING NEWS.)
SAVANNAH, Sept. 6, 1836. i
Ttiere hat been a remarkable increase in
die business of this city during the year end
ing Aug. 31. -3 fiß - At the 8 “e time it can
hardly be said to have been a very prosperous
year. The increase was in bulk rather than
,n dollars and cents. The general decline in
prn e-. and the necessity of meeting compet
ing figures, cut down profits to a point that
would not have been conceded had it not
been from stern necessity.
The eotton receipts of the port show a great
gain over last year in the number of bales.
The gain was 80,000 in round numbers, of
which nearly 4,000 wore of sea island.
The increase in the amount of naval stores
handled bore emphasi i-s the growing import
ance of this already the leading shipping port
for naval stores in the world.
Tbe amount of lumber handled at this port
shows a falling off from tbe previous year,
yet the business of our lumbermen has been
greater and more satisfactory than it baa
been for sovoral years. This is accounted for
by the fact that they have shipped enormous
nuautitles direct from the mills thr .ugh other
ports un i by rail since tbe change of gange
has permitted lumber to be shipped North and
Wert without tbe necessity of reloading.
There has been no considerable Increase in
Ibe wholesale dry goods trade of the city, but
Ihe grocery trade has continued to develop at
ibout the same ratio as during the year end
ing Aug. hi, lsßs. though the margin of profit
las been small, and comparatively little
noney has been made by dealers. Had
[he dealers not made extraordinary
•florts to extend their trade, however, and
piickiy conceded prices to meet those of other
joints, their business would doubtless have
nan far less satisfactory than it was. The
ncrcase of the wholesale grocery trade has
)een about 30 per cent.
Owing to the shortness of the crop of 1885,
[here is shown a very considerable decline in
he receipts of rice, and the salesof fertilisers
core also short of those of 1886. A slight de
iljne is also shown lathe building business,
md yet tbe year has been a most gratifying
me in tills line. It must he remembered
hat during the preceding year Savannah
■djoyed a most extraordinary buildiDg boom.
All things considered the people of Savsn
lah have every reason to feel greatiy oncour
ig and. If they have been able to make such au
ncrease in the volume of the business of the
lity, they may reasonably expect a most grall
ying increase in value and benue in
irofits, when the expected reaction takes
lace. The effect of the new outlets, and
ailroad connections promised and expected
i lie completed at au early day, can bu t cause
further increase in the business of the city
ml port.
Aitogotberit may truly be said that the
utlook for the future of the city is not only
jcouraging, but nattering.
FINANCIAL.
As far as securities and tbe financial condl
on of Ihe Stale ure concerned, the season of
18H-ISS7 opens very auspiciously. Money
icasv and our factors and merchaats find
o difficulty in obtaining all the loans needed,
rovidrd tbuy oan offer two good names or
ive marketable collaterals. Our banks close
is year In a better condition than they have
ver been and with a larger volume of
variable funds to lend their customers,
leir balance sheets show less doubtful and
ad papore and their reserve, funds larger us
cls. Altogether, thoy are to be congratn
iled upon tbe prosperity widen has resulted
rom die year’s operations. Last September
ue value ot the stock of these banks was
bout as follows:
Bid. Asked.
onthern Bank, State of Georgia.l6B )70
lerebants’ National Bank 128 l.ij
iouthern iiaaa and Trust Go 62 63
Now quotations areas follows:
Bid. Asked.
mitliern Rank, State of Georgia 196 200
ilcrehants’ National Bank 130 155
outhern Bank aud Trust Cos 76 80
Bailonal Bank of Savannah 105 110
mil very few shares of any of these insti
iiousto he found iu the market.
The Southern Bank ends tho year with its
Higlnal capital virtually doubled, the Mer
thantu’ National with an increase of 60 per
Stint., and the Savannah Bank and Trust
Company well out of tbe woods as regards its
want of working capital and its bad debts,
wlule our fourth bank, which is scarcely out
ifiis swaddling clothes, is fast growing in
popularity and strength, its stock already
isl. tag several points above par.
B we turn to Slate, city and railroad socu
dtieu we will dud a vory pronounced im
proiußient in all of them, and the volume of
tab* and purchases far exceeds that of last
rer.
Gty of Savannah 6 per cent, bonds from
ih,ii- inactive at *3 have advanced to 108)4,
ainl are i u demand ut that price. All olasses
n iailroad bonds, of debentures and of guar
t'bos'l stocks are sought after by investors.
Aul ibe stock of Central railroad of Georgia
roni 72 has advanced to 100. and now is in
ftP'ii demand by bankers and brokers, both iu
and out of the Slate, that It Is predicted that
it nmy or.ee apstn reach the figures of 1881.
Bolow is giv, n a tabular statement of the
tommruon of prices of securities for 1883 aud
and 1335;
I*B6. 1886.
Bid. Asked. Bid. Asked.
ci n V , { u r*"‘ • p ar
... •. Uon '!* 'ncWOH I*3 125 124 128
owe of Georgia gold
quarter, les. 7 per
sui, - 11S 313 333 112
Georgia, new
Cl'viiT!’, l ' ent,b £ ,ia * 1* 307
“* 104
'.Uia’u.Vpor 107 ’° B U °
c Srr v '~ l ’ 5:4 *" ,w
8^ 08 uc 1:8 ns
utv Of m“ ,Ib 91 3 - 'lO3
cent i P°“ u ~cr
331 AWU.'li ’ll per- 10 * 1W 109 1,1
““
,|,. l i n ;.: n '<’‘k'bonds
s^KL,„k.ico US K 5 1,4
307 1,0 ,M
139 * IU 118
* ~er ut
107 199 330
P“ r c C4!t. Ist*
'■•i'S UofAlaids 101 1M ,0i 1M
07 108 3,1 3,8
4 338 317 338
not Indorsed 12 101 jjj ns <
Gainesville,Jeff* S R
R 2ds indorsed 103 104 114 115
Ocean S S Cos 6 per et
bonds 101)4 103 103 104
Ga R H * Banking Cos
stock . 149 110 196 198
Con R R * Banking Cos
stock 72 73 10C 101
Aug & Sav R RstOOk.llß 120 126 127
WRRCostook .115 115)4 121 123
Atlanta* West Point
HR stock 94 95 101 U 102
Atlanta* West Point
B K 8 per cent de
bentures 94)4 95 10314 104)4
Cen BBS per cent de
bentures 9) !'J 102 102V4
Savannah Gas Light.. 18 17 19 20
Mutual Gas Light. 21 22 23 25
Southern Bank State
of Ga 165 170 190 200
Merchants’ National
Bank 128 132 150 155
Savannah Bank &
Trust Cos 62 65 75 80
COTTON.
The cotton season of 1885-88 opened
up brightly. The prospect was that the
crop would be the largest ever grown.
The acreage was the largest ever planted,
while the condition of the crop could not have
been better. Under this condition of affairs
there seemed to be hardly a possibility that
the cotton trade would in tho short space of a
few weeks meet with such a combination of
circumstauces as to change the bright antici
pations into a feeling of glo in. The past
season’s features wore peculiarly its own, and
throughout it bore no resemblance to any
other season in memory. There were a great
many influences which, it was thought, would
affect the cotton trade but which failed to do
so. Probably no other scaaoD wituessed
a more even run in values. Apparently spec
ulation did not disturb prices violently, and
the declines, though small, were gradual until
the lowest prices over known were reached,
aud still the season cloaed with only a dlffer
of*4c. lower than at its opening, and ih's
with the largest crop with but one exception
ever produced. It is a fact that no such
prices were ever seon since the war except
on the occasion of tbe great Glasgow bank
failure. The condition of the planters, as a
rule, was not improved any, and agreat many
were badly crippled by the low prices ruling
throughout the season, although they seem
ingly pursued an economical policy during
the year The damage to the crop occurred
last October, when almost everv section of
the cotton belt was visited by
storms which did incalculable in
jury to the crop. It lessened the value of it
nearly if not fully one-half, and resulted in
the production of one of tbe dirtiest cr ips on
record. This, of course, was the gr atest
cause of pi ices declining, as it necessitated
carefulness in buying. The grading was very
unsatisfactory, Whtlo the texture was ap
parently not injured the discoloration aud the
dust and leaves rendered its manufacture
difficult and expensive. Thore were several
other causes which forced prices (low n. For
instance, the great labor strikes throughout
the country, which have never been equalled.
The silver question and the inaction of Con
green In regard thereto, a w ell ns the docllne
In price of silver in Sngland, all tended to de
press the market, particularly at controlling
centres. In November prices underwent a
slight reaction, and the declines of the previ
ous months were partially recovered. This
was caused by tbe heavy overland move
ment going on at that nine, which was very
large, and which lias eintinually increased
until at this time the takings by Northern
spinners is without doubt the heaviest known
within the history of cottou. The knowledge
of this fact tended more to hold prices steady
than Dy other cause. The improvement no
ted by manufacturers at the beginning of the
season was a fact, und the past season’s work
by the Northern mills was more than satisfac
tory. Very few closed the season without
substantial dividends. Tbe improvement was
not rapid, but rather gradual. It was tho
first In some years, and the profits on tbclr
productions, though not large, wete more
than anticipated at the beginning of tho sea
son. Tbe Southern mills were not quite so
fortunate, having been partially crippled by
their takings of the two previous seasons. Tbe
fight between .the Florida railroads, and the
Savannah, Florida, and Western Railway
Company and the Central railroad In the
matter of freights by way of the
Chattahoochee river rather tended
to interfere with the workings of bueinoss at
this port. The pooling system among the
railroads is still in practice whioh. of course,
does uot assist our port any, aud continues to
take cotton from territory tributary to Savan
nah. The East Tennessee, Virginia and Geor
gia Railroad Company went out of the pool
In the early spring, hut it was during a period
when little injury could be done to the inter
ests of this port, as tbe cotton crop had been
pretty well marketed. That road has since
returned. Buyers for Norfolk and the East
Tennessee, Virginia and Georgia railroad in
vaded our legitimate territory, and by a sys
tem of rebntes managed to take a groat deal
of cotton from this port, its natural outlet,
notwithstanding Its shorter route by the Cen
tral railroad and the cheapness of its trans
portation by wator hence to Northern ports.
Anew aud peculiar feature of lust year's cot
ton business, of which factors have
complained, and which was com
monlcd upon very severely, was ibc
receipt of considerable quantities of com
pressed cotton from tho Interior, which turned
out vory unsatisfactorily. A great deal of It
was found to be mixed and water packed. It
was found also to be difficult to sample satis
factorily. Bitch cotton leaves an open gronad
for fraud. This should be remedied. The past
season's work was not satisfactory, a* a
whole, with factors. Some did remarkably
well, while others were quite unsuccessful.
The most remarkable fact wus that the
smaller factors fared better than tho heavier
ones, and several of the latter complain vory
bitterly or the results of tho year’s bueinoss.
Although collections were very fair during
tbe year ana tho lossos were no mere than in
former years, not as much as In some, tbe dif
ference in the quality of the eotton, the bulk
or which was of very low grade and sold at a
low price, made the result of the year's busi
ness unsatisfactory. It is certain, however,
that exporters did a surer business as com pared
with other your*. Their profits of course were
light, having bought on very small margins,
bin how they really fared cannot as yet be
told For some there are reclamations coin
ing in. But there was altogether a difference
in tho feature of buvlug compared wtth the
previous season. Notwithstanding that tbe
market was going down the condition of the
crop was such—it being remarkably bad—that
a margin was left for experts to coino in. The
prnctloc ot buying at the plantations was not
as general as formerly on accyunl of the bad
preparation and the differences aa<l mixed
conditions In the quality of the bales. The
prevloua crop showed considerable scarcity of
the poorer grades, but this was an exception
In tbs vast yosr's crop. The
prevlons crop, though considerably
smaller than last year's, went a great deal
farther In results. The condition of the crop,
as wc predicted in last year’s review, shut off
buyers In the Interior, and larger consign
ments were rocetvod here owing to the ina
bility of interior buyers to obtain the grades
required by exporters. In regard to price*
;7.,terobnr opened at 9R-I6c, for middlings, 1
SAVANNAH, TUESDAY 7 , SEPTEMBER 7, 1886—SIXTEEN PAGES.
and by tho middle of the month had declined
He, but towards the close of the month had
recovered l-160. October opened at 9 3-180 for
middling* but during the month underwent
a regular eoe-saw movement. The chief
canses to unsettle prices during the month
were the strikes at Oldbam, heavy rains, ac
companied by storms, and the troubles in the
Balkans. At the close of the month middlings
were off fully >pc. November opeued with a
full deollneof 8- 16c, but at the close was some
what steadier at a recovery of He. A scarci
ty of freight room caused prtcos to fall off ia
Deoember, opening at 9 8-i6c for middlings
and olosing at 8 9-l6c. January opened at
the latter figure and advanced 9-lflc, only to
again fait off He at its c'ose. February prices
were on a steady though gradual decline un
til (hi 271 h, when they touched 8 5-l6c, the
lowest point which they reached during the
year. March opem and with a rccovory of %c.
bv the sth, but closed with 1-16 c off for the
previous advance. April there was
a better business doing, and though
receipts were largo holders were
firm in maintaining prices, and at the close of
the month a clear advance of He. had taken
place. In May the receipts at the ports con
tinuing large, buyers were bidding lower,
and middling* were reduced l-16e. June
was a very dull month, but the price held
steadily at 8 11-16 e. for middling. In July the
reports from the growing creps of rains ad
vanced prices during the month fully £-lc.
During Auguittho market was ratherdu'.',
but prices vere advanced iu lb* early ian
only io be reduced again at its close. It will
be seen that prices w< nt even lower than was
looked for.although the crop was not as large as
was Indicated at the beginning of the sou-on.
This can only be accounted for by its qualiiy.
From the present standpoint it is believed
thst the crop for tbe present year will reach
6,700,009 bales in round numbers, which will
place It next to tho largest crop ever pro
duced, namely, the great crop of 1882-88,
when It came near touching 7,000.0X1 bales.
Of the past year’s crop our receipts were
909.439 hales, showing an tucrease of 79,4.17
bales over the previous season. This of itsell
is a gratifying fact, but sti 1 our receipts, con
sidering the luoiiittesof the port for handling
the staple, should be much larger. Its rh al.
New Orleans, Galveston and Norfolk, show a
greater increase than it does. Charleston,
however, actually shows a decrease of fully
U',loo bale*, which was : pparently absorbed
bv Wilmington, as her recolpte have insreast and
about that much. This is thought to be from
the effects of the workings of the pool, which,
to all appearances, fixes the receipts of the
South Atlantic ports at a certain figure be
yond which they cannot go. Savannah, how
ever, (Ontinues to muintaiu her supremacy
among the South Atlantic States, and us tuc
second largest cotton port in the United
Stales. Our foreign exports show quite an
increase, and another feature—and u rather
remarkable one, too—is that matters have be
come somewhat changed in the foreign export
trade. Instead of Great Britain
getting tbe bulk of our exports, as has
been the case in former years, Germany has
become our greatest eustomer, and it will be
seen that wc exported last year more largely
to Bremen than to Liverpool—fuliy 20 per
cent. more. There were some apprehensions
in the spring that tbe now process of com
pressing cotton at Norfolk would revolution
ize the cotton trade at other ports, but it was
dispelled later on, as It was found (bat the
now precise would uc ver do in a rush, or, in
other words, was not practicable for rapid
work; and as the cotton season does uot last
very long, the conclusion was reached thst
this of Itself would not interfere with the
business of the other ports. Its on y advan
tage is in the duller season, when less speed
is required. Where vessels are chartered to
load for a lump sum the charterers are ena
bled to allow some rebate to cotton shippers,
and tbeehi)> in consequence is made to carry
more cargo. It is of no concern to the
vessel whether she carried one bale to
the ton or Uve bales when chartered in this
way. It is certain that the rebate system has
much to do with the receipts ot a port, aud
wherever tho exporter can obtain the greatest
rebate there his shipment is pretty sure to go.
No matter how much economy is exhibited in
the handling of the cotton, if the returns in
the way of rebates is not greater in tho pock
ets of tho shipper his cotton will go by way of
the deArest route, and this seems about all
the profits the interior exporters derivo from
their work. At all events, this has been past
experience.
There la said to be some prospect that our
reoelpW for tbe coming season will Increase
very materially, owing to the reduction by the
compresses in the rate of oompressing to 85 ..
per bale. The previous rat - was6oc. por hale.
Thtsisquttea reduction in favor of the vessel
as possibly it will leavoa margin for the ship
to allow a rebate to the exporters. On Augiut
81, the close of the cotton year, tho following
spot quotations wore given by tho Cotton
Exchange for new crop cotton; old cotton is
held higher.
Middling fair o
Good middling 87s
Middling 8H
Low middling $y H
OCTLOOK FOR THU PRESENT Y EAR.
The reports as to the coming cotton crop
are still conflicting. The indications are that
it will not be as large a crop ns the one just
marketed. Although the acreage is just as
large. During ilia summer months there was
quite heavy and frequent rains in tome sec
tions, while othors suffered from drought,
particularly In Texas, where a large yield
was expected. The reports, however, for the
past we-k indicate some slight Improvement,
if the frost is late and there should be an oc
casional rain, tho amount of tho crop will be
very much Improved, and there arc fears of
its clearing up und the burning up of the
sappy plant, raaWng It rust and shed. Tnc
worst weather, however. Is yet to be expected.
The now cotton coming in is vory beautiful,
both lu texture and color. It Is well pre
pared and drier than has been tbe case (or
rcvcral seasons, which makes It all the more
desirable. As to prices, very little can be
saiil ns yet. At present, prices are declining,
but it Is thought they will soon Improve as the
crops come forward more freely. Stocks are
very low, both at the ports and in Europe.
With the prospeot of a smaller crop It Is
thought values will increase, besides the in
dtcadons are for an active business during
the fall. Reports from all over the country
are quite endouraglag, while tbe manufac
turers of cotton goods report but a small
quantity on band. The fabrio market seems
very firm and lending up. At all events the
planters who bear the brunt of prices can ill
afford to stand os low prices as characterized
the past season.
** Islands.—^Tbo crop of sea island for
tbe past boosou wai fully an averago crop at
compared with other seasons, although not
aa large as Its predecessor. The quality of
the crop was extremely poor, and consisted
prinolpully of the lower grades, while even
the best grndea were very much stained and
faulty. The size ef (he crop was larger than
It was expeoted It would be. Tho reason for
this ia that tbe pluntioa ia Georgia was more
extensive than ever before, and the increase
in production was fully as grout as the in
crease in acretgc. Wliilo Georgia made a large
crop it was not as large ns that of the pro- I
vlous Tenr, but taking It all In all. whs qulto
satisfactory when the manner In which tho
crop suffered in the other two States is taken
into consideration. The Carolina crop wits
very small, and almost destroyed by the cat
erpillar ami October s'orms. while Florida
was short from the self-same causes. Geor
gia's yield, notwithstanding the storms,
etc., exceeded that of the other
States, which brought up the figures.
Savannah received the bulk of
the Florida and Georgia crop, while Charles
ton could hardlv be called a market, ns most
of their orders for this kind of cotton wore
filled here. The price was low throughout
the season, in fact lower than ever known
before, but this was owing ns much to the
dirty condition of the crop at to any other
cause. Tho demand n>igreat, which con
tinued clear up to Deo. 1, and the
taking* of exporters absorbed receipts up
to that time. After that date stocks began to
fill up until at last the largest stock ever held
at any time during one season had accumu
lated, and sea islands became gin oa a drug
on the mn.ket. The season, ns a whole, was
not as profitable to the producers as others
hate been, though the Georgia planters fared
the best. The season cloei <1 w ith quite a
largo stock on hand, which I- m tly of an In
ferior quality, badly damaged, and to it great
extent unsaleable, he a use of anew and
clean crop coming in. The e o k remaining
over in the Interior is very small, and milch
has than that of the previous seas >n, when
some it,ooo bags were held oyer in the i o intry.
Tills tear o ily 2,10* bags arc carried over.
Taking tlie stock at Charleston and Savan
nah together, the total is a little less than
that of tho preci ding .season.
Hki’temtikk —The receipts for the month l>y
factors were 231 bags, and tho sales were i7)
bags. The receipts werec-'Oiparati-ely light,
and were unattractive to buyers. Th 1 crop
showed bad preparation and was not large
enough for an a-.ortment. The o; Going price
was 22c. for medium. Fine slocks oi a really
fine quality w> ru generally held with consid
ers Ine firmness.
October,—The month opened with a con
firm tnon ! he basis of 22}4 2584 c. for me
dium fine The demand was good through
out tno month lor clean cottons, while the
stained a> and storm cottons were neglected.
The grade* in mo-1 request were medium fine
to fine. The total saies dining the month
reached 8,051 bagi, and the receipts during
ilia time were i.lltl bags. The mouth Clesod
at the following quotations:
Medium 21 a2IH
Good 22*4 t>2U;
Medium line 2il‘ 4 a2:fU
Fine ..21 :<24}y,
Extra fine.... 24}4ai5
November.—'The receipts continued very
heavy, for the mouth, reaching fully 8,838 bags.
Notwithstanding this, however, irie.es were
firmly held and advanced fd ;. There was a
good inquiry for both tore! n and domestic
account, but towards the olr se buvt rs’ order
were limited, and tho heavy receipts caused
f ictors to becomeeasy sellers. The tolal Sit e.
lor ihn month were 4,21* bags on the basis of
Che following quotations!
Medium ..... 21’4a2-2
Good 22Jia23':
Medium Quo .24 uklVj
i ne kijfatt
Kxtru fine nominal
Dec KM HER.—Tue best qualities w ere held
with firmtn as, a few holders withdrawing
such cottons from sale with a view to their
taking the place of Islands in future business.
The rece'pts. however, w ere large ttaroughool
the month, and towards the close of the month
factors became eay sellers. The receipts for
the month were 4,751 bags, and the sales foi
the same lime were 2,CM bags at the following
prices:
< lorn 18 n2l
Medium . 2116-22
Good 224n'!l
Medium fine 24 a?4)4
vine... . ; s.;i.'!)
Extra fine. ...26 a27
.January.—The severe cold weather re
tarded operations aid the market became
dull, and prices declined a full tyc. all round.
Evcu this concostion did not stimulate buyers,
so that the mouili closed with tlie market
somewhat nominal. The receipt* for the
month were 2,838 bags, and ti e sales for the
same time were 1,830 bags at about the follow
ing quotations:
Common lt”0
Medium 2 sill I *.
Good 22a22>4
Medium fine 23> 5 a24
Kino 24'yg2S
Extra fine 2B’ a a2fi
February.—The market was quiet In the
early part ( f iho mouth, out later on holders
made considerable concessions. The receipts
•( re light, buyers were stimulated and Hie
deinandybccaine active and general. Tho re
oe’pls during the month were 890 bags, and
the sales for the same period were 8,3i6 bags,
at about the following prices:
Medium— 19a20
Goo<l 21a21}4
Medium fine 22 -22 U
Flue 38a2:l}t
Exlra fine 24a25
March.—Tlic month opened with a firmer
feeling among holders and there was a good
demand, which Was gener-1. Eater on, how
over, tho market became dull and then nomi
nal, with buyers and sellers somewhat apart
on prices. There was some demand for de
mesne accouu', but the principal buying was
for foreign mills. The receipts during the
month were onli 2-4 baps, while tho sales
were 2.809 bags, on the following basis of
price*:
Common 10 a!7}4
Medium 18 aid
Good 20 ail
Medium fine 21}*u22
Fine ...22}4aJ3
Extra fine 23*4*21
A I'RIL.—Tho mouth opened somewhut duller
than the previous mouth, and prices fe l off
i,c. A discrepancy of 1,100 bags being dis
covered Just at this tunc In the stock, Hudded
to the weakness of the marke and made the
stock in hand appear very much larger, fiuy
orsiuconsequer.ee became somewhat Indif
ferent, so that business lor the month wt
much smaller than for some time previous.
Tho receipts for the month were 182 bags and
the sales IW bags, at about the following quo
tations:
Common 15al0
Medium 17aH
Good Ills 20
Medium fine 2Ja2l
Fine. 22n22K
Extra Une 23a
May.—The month opened quiet, but fac
tors were firmer. Tho stock and reoalpt
were lighter, butbuyprs. however, were limi
ted, and towards the middle of the month
values became easier and medium fine wns
sold at 20c. On the doclino business wan
brisker aud transactions larger. Tho receipts
for the month wero only !U b*g> and the sales
1.288 bags, at the following prices:
Common IfialS
Medium Knlflf
Good 18a 19
Medium fire 20a20K
Kino 21a‘ilL
Extra fine 22x28
Jun*. —There was no visible chance during
the month and the market field steaddy at
previous prices. There w-re but few buyers
in the market, and their orders and prices
continued to bo limited. The receipts for the
month were 87 bags, and the silos for the same
time 840 bags, at tho following quotations:
Common IBalß
Medium 171>U
Good 18ai9
Medium fine 202014
Flue ....21a2i!4
Extra fine 2ca2B
July and August,—During these months
the market was dull and more or less nomi
nal. There was but a small demand and but
little budneas doing. The belter grades were
scarcer and consequently firmer and higher.
There Is still quite a large stock being carried
over, but it Is all of an Inferior quality and
badly damaged. The receipt* for the past
two mouths were only 8 bags and tho sales for
tnat time 324 bags at quotations:
Common ir.aPl
Medium. 17u17H
Good 19a20
Medium Hue 2lallU
Fine a22H
Extra ll do 23*25
STATEMENT of the ska island crop of
1885-86.
Georgias
Receipts. Islands, and Floridas.
Bales. Bales.
Charleston 6.421 8,193
Beaufort .1,399 ....
Savannah 190 21,581
Fernandlna 5,888
7,010 30,062 87,072
EXPORTS.
England. France, North.
Charleton.. 8,298 684 4.023
Beaufort.... 1,071 819
Savannah .10.247 1,046 9.880
Feruamlina 137 .... 5,751
14,748 1,680 19,973 86,401
STOCK.
Georgias.
Islands, and KloridM.
Bales. Bales.
Charleston. .1,639 22
Beaufort.... 61 ....
Savannah., 1,149
1,690 1,181—3,87
Less stock on
hand Sept.
1, 1885—
Char leston
and Beau
fort 1,049
Savannah 661—1.600 1,271
Total crop 87.672
COMPARATIVE STATEMENT OF EXPORTS FOR
THE PAST FOUR TEAKS.
1882-3. I*B3-4. 1884-3. 1885-6.
Bales. Bales. Bales. Bales.
Great Britain ... 19,740 12,168 18.422 14,748
Franco !,9'.*2 1.411 3,143 1.680
Northern mills ... 14.677 11,6.1 17,358 19,973
COMFAKATtVK STATEMENT OF THE CROF FOR
THE PAST FOUR YEARS.
1882-8. 1888-4. 1881-5. 1883-0.
Halo*. Bales. Bales. Bale*.
So. Carolina crop. 15.713 8,413 12.863 7,010
Georgia and Flori
da crop 2'.428 17,029 27,402 30.662
86,143 23,444 40,326 87,672
CROP PROSPECTS.
The outlook for the sea islsnd crop the
coming season is quite promising thus far.
The crop Is from two to lour weeks behind,
and it would he unwise to hazard a predic
tion as to the size of the crop, or how it will
turn out. The weather has been very un
certain in many sections. From presen' in
dications it w 111 bs u very clean crop There
tui* In en vory lll'le daub g ■ from auras and
Insects In any of the Ft * ten. As far as culti
vation is concerned. It compared favorably
with that of other seasons. The crop Is con
sidered fair. It Is nid that In Flo’blathe
yield will bo larger than fur the past esason
in South Carolina It will be somewhat le*s.
But the Georgia crop 1s exi <o'od to be larger
than It has ever boon, as the acreage is much
greater If the weather conilnnes good from
now on and there Is no damage by caterpillars,
It 1* anticipated that the crop will he larger
than last season, and much more valuable.
As to prices there is apparently no reason for
them to go lower lhau the past year, which
were the lowest ever known, and should thr
texture be better and the staple clean. In ac
cordance with present Indications, better
prices areexpeoled. What the Egvptiau orop
will be it not known as yet. but should it be
large there ts sumo possibility ot its affecting
the demand a* well as values here. There Is
somo speculation as to the result of an experi
ment made by a New Y'ork merchant during
ihoeurlv part of the summer in shipping a
large quantity of seed to the Caroline island*
f.*r tho purpose of cultivating sea Islands
there. Should It boa success ft will add
another competitor to those alreodv in this
line. It may not turn out very successfully,
however, owing to the bad quality of tho seed.
RECEIPTS OF COTTON AT TIIE POET OP SA
VANNAH FROM SEPT. I, 1885, TO ACO. 31,
1826. inclusive:
Bca
Upland. Island.
Per Central railroad 562,26!
Por .Savannah, Florida and
Western Kail wav Cos 178,419 17,718
Per Charleston 4 Sav. By. Cos. 5.220
Porcirts l.*4i l.soi
Per savannah river 34,954 8
Per Brunswick and butilla
steamers 6,246 820
Per Florida steamers 8,6711 2,587
From Beaufort io
From Darien and Altainahu . 110 pj
For stock correction 1.315 1,441
Total receipts 786,011 23,388
Stock on hand Mept. 1, 1885.... 8,208 551
Grand total 789,3:9 23,989
EXPORTS OF COTTON, FOREIGN AND COAST
WISE, FROM THE POPT OF SAVANNAH PROM
SEPT. 1, 1865, TO AUU, 81, 1886, INCLUSIVE.
Npb
Coastwise— Upland. Island,
Charleston 18.811 1,017
Baltimore 65.2V7 5,165
Philadelphia 13,188
Now York 204,132 14,179
Boston 78,9*13 3411
Total coastwise 383,814 21,307
Local mill consumption... 1.292
Foreign—
Liverpool 109.926 1,483
Bremen 121.82:
Barcelona 49,780
Keval 43,813
Antwerp 21,562
Genoa 21.236
Amsterdam 11,594
Havre 8,252
cronetadt 6.409
.Norkopiog 8,000
Haugo 3,430
Trieste 1,751
Berger 1,210
Naples 1,200
.Santander 1,026
Golhenberg J. 025
Pasages 1,000
Corunna 600
Palma <le Majorca 609
Oporto 800
Total 4(0,417 1.483
Total coastwlso 388,316 11,8)7
Local mill consumption . 1,292
Grand total exports, etc 785,015 22,790
Stock on hand and on ship
board, Aug. 31,1886 4,304 1,149
NAVAL STORKS.
The year just closed has been marked by
fair progress so far as our port is concerned,
our receipts having been increased about 15
percent., while other market* show little In
crease and some a noticeable decline. The
fao*. Is fixed now as loour cont.nued supre
macy In the trade.
Prices for iho first six month* were reason
ably good for spirits turpentine, the stock <>t
which became completely exhausted In alt
domestic markets before tbe new crop came
in, and thle caused a considerable advauce,
the market running up to 49)<c. In March.
The indications arc for full price* for the re
mainder of the season, the demand having
been more healthy or steadier,
The feature of the rosin market was the
“boom” in virgin grade* last fall and winter,
it having culminated in December, when W.
G. brought l. Highly exaggerated reports
of a boavy increase in the coining crop caused
tho market to decline rapidly, until now
prices are lower than ihey have been In some
time, ft I* reported there is a heavy short In
terest to be provided for during the fall. If
this be true we mnysee higher prices before
the season closes. The common grades have
1 oea generally firm and In good demand, but
at low prloes.
RECEIPTS or NAVAL STORES FROM HEFT. 1,
1886. TO APO. 81. 1886, AS COMPARED WITH
THE PRECEDING YEAR, MONTH IIY MONTH:
Spirits, casks. Rosin, bbls.
1884-6 18*6-6 1884-5. 1885-6
Hepicinber 7 10.108 9.406 87.794 89,868
October 9.184 7.672 81,488 37,043
November. 9.847 * 9,646 80,586 40,399
December... 8.233 6.566 42.722 61,478
January .... 2.616 2,605 57,781 40,824
February. • L>> 3 , J ® *>. *2.112
March 1.681 1.783 31.081 12.262
April 7,717 9,771 23.746 28.699
May 15.090 20,* 74 89.714 46.098
June 10.670 21,863 41.342 44,590
July. 16.186 19.918 46.700 66.801
August 12.149 16,787 42.886 57,840
112.447 127 785 46? 370 476.808
These quantities of naval stores reached
our market through the following channels:
Spirits. Rosin.
By S„ F. and W. By 98.201 .160,410
By C. S. R 19,499 bT.174
Bv G. and S. K. R 1,886 i.160
By Savannah river 6.998 27,845
By coasters 6.201 26,910
127,785 476.508
Tn regard to the relative position of our
market we append a table showing receipts
at tho three principal points of supply for the
pßstfour rears. A glamewlll show Savan
nah steadily moving forward, wbl e the other
two ports are more rapidly falling off; show
ing also a doorcase of productions in the ag
gregate crop In tho four vears of 44,882 casks
spirits turpentine and 2(’9i892 barrels rosin:
SPIRITS TURPENTINE IN CASKS.
1882-8 1883-4 1884-5 ISBS-<1
Savannah 116.089 123.418 1D,447 127,785
Wilmington 84.22.5 71.718 61, 930 a:>,3i)o
Charleston 71,23*1 65,250 44,u119 30.617
ROSIN IN 11 AKKKL9.
1882-3 1883-4 1884-6 1886-6
Savannah. 441,873 527,583 *52,370 476,508
Wllming’n 4J1.06 - 899,1*9 3.>fl,4Hs 816,698
Charleston Bt,tilß 282.700 218,979 167,461
1,170,569 1.188.478 9.17.837 960,067
COMPARATIVE TABLE OK EXPORTS PROM 1883
TO 1888.
SPIRITS TURPENTINE IN CASKS.
1888-4 1881-5 1885-6
6opt. Ito (Foreign 38,211 30,978 26,851
March 31 {Domestic 20,*57 28.006 26,194
A prill to (Foreign 40,282 23,445 114.492
March 31 {Domestic 26.7t!4 25,435 46,169
ROSIN IN BARRELS.
1888-4 1884-5 1886-6
Bcpt. Ito (Foreign 187,821 148,437 124.747
March 81 {Domestic 148 995 129.970 119,925
April Ito (Foreign . 99,028 64,75:1 103 068
March 81 {Domestic 123,563 115,086 184.908
548,107 456.225 482.618
STOCKS ON RAND AND ON SHIrBOARD.
Spirits, lloeln
Sept. 1, 1885 16.854 50,77f,
Sept. 1, 1886 ..9,877 45,85 7
PRICK PER GALLON OF 9PIRITB TURPENTINE
EACH MONTH FROM SEPTEMBER, 1885, TO
SEPTEMBER, 1886.
High- Low- High- Low
est est. est. ost.
Sent. 80 ! March. 49)4 85
0ct.... 84 81 April. 41 82X
Nov . 85 83 May. 83 2?H
Deo... 85)4 84 June. 80S *BM
Jn . 40 86 July.. 32S *®}li
Feb . 46 80S Aug... 84 81
S : : : F£?|B|b• 3
;n; n F-f-j ?
“ 4ft
g£S3SSBSSSBg nighcst. g
** S..
—_ ~ g M
22gSSSSBSSSS • 4
4k
SgyilSSSotfSSS Highest. K
2~
S&so , S2S3*Sli; , t S Lowest. ?
X
x * 2-
SySSSo'SSSSgg Lowest.
r, 4C i
RICH.
The past season was a very disastrous ouc
to the planter and a very (mall as well as a
poor crop was produced. The severe weather
oarlv lust (all, the storms and frequent heavy
rams caused great damage to tho crop, which
reso led in considerable mowhurut it u being
placed on the market. In fact. go >d quality
of rice wus very scarce ard in (Treat demand
at all times. Tho market ruled very low
throughout the season, particularly In the
lower grades, which were comparatively a
drug. This was owing to the large crop pro
duced hy laiulstaon This market wa* con
tinually in competition with it. In point of
fact their offerings at limes were at prices
comparatively below the cost of production
In this section. Louisiana rice has been the
greatest obstacle with which our planters
huve hud to contend for several years,
and it is still gaining strength, so that the
prod notion of tldr-water rlcc Is becoming more
and nmre a losing business, both with plant
ers and factors, every succeeding season. Of
course tho leading feature of ■ his market was
the course of prices, which will ho observed in
tills review. In Hcptcniber the murket opened
wlih good at 51ic., but by Wept. 16 it had ad
vanced lie., which was caused by reports of
groat damage to the crop, which was pretty
nearly all In stack, by reason of rains, but by
October It again foil off lie., as tho crop was
being received pretty freely. At tho middle
of the month it became slightly firmer, oy
reason of the damaged condition of receipts.
In November It again eased off,and the prices
held steadily on the basis or 6Wc. fur good,
clear up to March 4. when It declined Jia'-jC.,
and ran along at4lia4Hc. until May, when It
rallied, advene ug lie., only to again recede bv
the middle of June, whon It wus quoted at
4J4c., aud remained at that figure to the end
o( the season. Tho prospects for the coming
season are not oncooraglug It is thought
that the total yield will barely equal the past
season’s production, which showed a de
crease of fully S4M.UOC bushels. This is the re
sult of a fading off In the acreage planted in
upland and tide water, and from the heavy
rains during the summer months. Tho < r or.
however, is very much earlier than last year,
andshowsa much better quality of grain,
.should the crop turn nut as good threuahout,
and no bad weather sot in during harvesting,
a reasonably better price is anticipated,
which may somewhat isirapen-ate for a small
crop. The total receipts for the past season
were only 586.860 bushels, of which *,167 bush
els were of foreign, the whole estimated tn
clean in barrels of UOO pounds each at 4h :i*l
barrels. Thu stock on hand was 8,18.1 luisbels
of rough and 1,866 barrel" clean. The total
shipments were 89,26* barrels of clean dis
tributed as follows :
Blits
To Boston 1,677
To New York 6.0611
lo Philadelphia 4*44
To Baltimore 7,*l
To Interior 1 U ,*17
Home consumption li.OoU
Total 48,Ml
Last year’s crop of rough for tbe States of
North Carolina, couth Carolina and Georgia,
In buahole. Is as follows:
Rough Rice. Bushels.
Receipts at North t arnltna mills *o.>.o'n
Receipts at lieorgetown Cos mills .... 441,78)
Receipts at Charleston mills 7*r,f it)
Total receipts of North Carolina and
Noulli Carolina 1,170,140
Receipts at Havannab mills 68.4.800
Grand total 1.806. MW
Tbe following ts a comparative statemeu* of
the crops of clean In barrels of tbe Caiolinaa
and Georgia for the past two years:
1887-86. 1884-86
Bide. Bills.
Poundod In N, C. mill* 17,:>00 37.64*
Pounded In 8. C. nulla 101.09 R>7 *8
Pounded lu Bavaunah mills.4B.B*l 76,848
Total coast cron 187.160 *11.876 1
4 PRICK 810 A YEAR.)
f 5 CENTS A COPT, {
FREIGHTS*
Tho tonnage during the past year arrivin*
at this port waa considerably loss than tho\
previous year and tha number of vessels was
alao lex*. This dec.reaae was in both the foreign
and coaatwiso vessels. There Is apparently no#
wholly satisfactory reason forthe falling off.;
aa there waa no decrease In the yolome o£
bnaineaa. On the oontrary the amount or
freight carried by vessels which c'eared from
t hie port waa a great deal larger than for sev
eral previous years. The best reason give#
la that tbore wns better compressing and bet—
ter stevedoring, which speak well Tor tho fa-x
cuttles of the port. There oarer was at anyi
time during the year any scarcity of steaini
tonuage, but room was always in exoess of*
requirements. Tills had the effect of keeping!
rates very low throughout the year, and U
huslness for tbo past twelve months was not!
very remunerative. Particularly was this!
the case with steam tonnage, but the saints!
ilapro-sod condition In ocean freights existed l
everywhere and in all classes of freight. Ths
outlook for the coming season cannot be salm
to he very promising as yet. There is a larga
number of steam vessels on the other side uu2
employed. and the impression pre-4
vails that the number of tramp*
seeking freights will be very large, atnQ
inseqnenUy, lower rate- msy be expeoted.)
although It is said that there Isquito a faUirg)
oir in the number of vessels butlt during tho{
year. Alroadv there are several steam yes-4
sols Chartered for cotton for the early fall'
loading, hut at what rates has not transpired.
They are generally believed to he a luma
sum. Tho following is the number of foreign;
steamers, tonnage, and bales of cotton oarrleifi
from Sept 1, 1685 to Aug si, 1836, and for lh
past six years Inclusive-
No. Rales
Year. Steamers. Tonnage. Cot tom,
1880- 43 44,488 203, SOS
1881- 83 86,303 167,847)
1883-83 42 53.833 237,838|
1883- 46 64,94 1 388,2901
1884- 95 78,786 308,09*
1838-86 98 71,6*6 810,38a
Bailing Vessels.— Business forsalllng ves-j
sols was generally uuremuueratlve. The ln-i
dloattons noted at the beginning of the yeaH
were fully ycrifled. Coastwise freights
peel ally remained at bottom tlgurea durin*
most or the year, but near the muse of apringt
there was a sharp advance in the rate*
amounting to 26 per ront. for the nearer port*
of discharge and s*> percent, to those more dis
tant. This advance is still well maintained.,
and lionco the indications for tba coming tea-4
son are decidedly more favorable than thnsei
with whtoh the present season began. Thai
demand for toonasu along the Ueorgla aca-|
board la good, and all offers are readily placed!
at full figures.
The following Is the total number of vessels,
arrived at this port during the year, with
tludr rigs, nationality and net tonnage. Th*
number docs not Include arrivals at TybeiU
hut only the vessels which have actually ar-I
rived at the wharves, and have diechfirgedf
ur.d loaded. It does not include river or island
coast steamers, nor does it include vessel* un*
der 100 tons:
Steam
ships. Ships. Barks. Brigß,Sch.T’l’!,
American... 883 2 16 312 563
British 60 7 27 4 4 loi
Spanish ~... 1 1 1 is
Norwegian 1 80 3 .. 841
German 3 .. 22 .. 241
Swedish 10 ~ loj
Italian 0 2 .. 1U
Austrian 4 1.. fl
Russian 4 .. ~ 4 J
Portuguese 8 .. .. ■
French 1 .. L
Uanlah 1 .. .. B
Total BWO 8 164 25 217 813 l
The tonnage was as follows:
Steam. Sail. Total,
American 696,188 06.014 ec.J f
British 67,768 20,169 9:1.024
German 8,098 11.327 16 32#
Spanish. 601 615 1,1194
Norwegian 41,812 ilM3t
Italian 6,423 5,42*
Swedish 6.100 5,100*
Russian 2.038 2,:!3i
Austrian 2.608 2,80
Portuguese 1,105 l, ioh
French - 663 ASM
Danish 22 28*
Total 667,400 193,106 890,5041
TONNAGE AT roRT OK SAVANNAH KROM BKrJ
1, 1865, TO ADO. 81. 1886.
No. Tons. Men,
Foroign vessels entered ....249 1*4.105 3,40*
Foreign vessels cleared.. .. 250 176,370 8,72*
American vessels entered .. 0 6.911 lb*
American vessels cleared— 8 2,760 41*
Total entered and cleared
foreign J>l4 849,245 JL3I®
Vesacta entered coastwise .894 4 90,i8 14,46a
Vessels cleared coastwise 800 476,684 14,1811
Total entered and cleared
coastwise 784 966.952 28,6 Mt
FERTILIZERS.
The past season's business In fertilizers was
not as geod as the previous one, which wa4
rather exceptional, 'there were 160,900 ton*
of fertilizers inspected and sold In Georgia,
fully 0,600 tons less than the preceding year*
Collections were not satisfactory, owing t#
the fallmes of fertilising merchants in the In
terior, and considerable losses were entailed
thereby lu this market The demand u
leas, wlille prices were lower, aehl phosphate*
a- olinlng ti. and Aminonlaled goods were IMB
S3 60 lower per ton. On the whole, the trad*
did a larger business than any preceding year,
with one exception, that or 1884-85, out th*
results were not as successful to either
facturers or pert dealers, owing, of cotirae, ts
the small margin in prices, and the oilien
losses borne by reason of failures, th*
sma lness of tho demand and the number)
of planters whloh have ha*l to be carried overt
to the coining season. There was a mor*
marked falling off in receipt* of Northern
g ods than for some time back, though th*
Imports of foreign goods was Inoreastd
slightly. The following statement will shot*
the Shipments In round numberaof tons th*
bust season by savannah jobbers. Itlnolnae*
the through shipments from other points ai
well as of Northern shipments, In addition td
that shipped by Savannah jobbers from thin
port, or which Savannah has bandied th*
greatest portion: {
EXPORTS OF ODANO FROM SEPT. 1, 1886, T(J
ACO. 81, 1886, INCLUSIVE.
Ton*,.
Per Central railroad vnd branches .... 68,114
Per Savannah. Fioiida and Western
Hallway Company .... 22.340
Per Charleston and Savannah Railway
Company .... 1, w 0
Per Augusta and Port Itoya! railioad
from Port Royal 31.51*
Per Savannah river steamers 2,00*
I’cr Florida and Satllla steamers 1,361
Per coaster* * 388
Total .107,531
LUMBER.
There was quite a marked improvement In
the lumber trade during last year This woe
brought almut by a combination of oircum
stamen. First by reason of Ills Increased cut
ting capacity of the mills, with al*o a better
deinnnd throughout the year for their pro-,
duuilon. Prices were advanced and hold
steadily throughout at the advanced flgurm.
It Is believed that the demand will Inert a*
the coming si aton and will prove more re
munerative than for three years past. An
other gieit feature of the trade during th*
past veer, which hos, to all appearance, com*
potely revolutionized the trade. Is the ebaeg*
of gauge of the dldereut railroads throughout
the South. This hsi oi>encd up new mark*; •
In the W est, which heretofore were not avsli
able except by a rouudabout way, aid
which rendered the having of Inmlierby ll.s
interior manufactories an extremely expeii*,
alre arrangement. Of courto it lia* cut off A
considerable portion of the output of n*
mills from being handled at ibis and lh*i
noar-bv porta, which has decreased our ex
port*. * Tito orders now go direct from tn*
mills to the manufactories by rail by ressn*
or the small coat In shipment and the low*
rales of freight. By this means merchant#
here arc enabled to work off the lower grade*
of lumber to better advantage, which 1*
former yosr* were a drug on the market. U
isa new thing In the lumber trade, but th*
effect or It has not been lull very greatly aa
yet, being in its Infancy, but the indication#
point to a very heavy demand from tbit
sou roc in the near future, and to a long am)
continued activity throughout the dull nxmthg
of the year, which. It is thought, will keep
the mills running on fulltime. And, again,
U puts the merchants In a mots
indcoendent oesitiou. and frea W
| PRICK PER BARBEL OF 280 LBS. OF COMMON. MEDIUM AND
PALK ROSINS FROM gKPT., 1885, TO SEPT., 1886.