Newspaper Page Text
8
SAVANNAH'S TRADE YEAR.
Resume oi Operations tor the Twelve Months
Ending Aug. 31.
BANK CLEARINGS INCREASED $66,000,000
Exports More Than $14,000,000 Greater
Than Last Year.
Increase in Merchandise and Manufacturing Runs
Into Millions of Dollars—Cotton Receipts Hold
Up Remarkably Well and Prices Much Higher.
Development in Naval Stores Industry.
Financial Situation in Excellent Shape.
Details of the Year's Business.
In the regular annual trade review for
the city anti port of Savannah for 'he
commercial year ending Aug. SI. !**■
which the Morning News presents thl*
mornlm there la much to Intereat and
gratify every per eon who haa the welfare
and progreaa of the city at heart.
The facia and tlgurea given In the suc
ceeding columna. gatherad from the moal
reliable and conservative aourcea. ahow
Indubitably that Savannah la founded up
on commercial bed-rock, and that ahe la
deattned to be the great mart of the South
Atlantic section She has not only held
bar own during the twelve months, but
bettered her position all along the line.
Taking Into consideration the shortage
In She cotton crop of 1899-1900 as compared
with that of the year before. Savannah s
cotton receipts held up phenomenally"
well; relatively better than those of any
other port. While the decrease at some
of the other porta wa* quite heavy. Sa
vannah received within about 10,000 bales
of the number that came to Iter from the
great crop of the previous season. Thl'
la regarded as a remarkable showing. Il
lustrating conclusively the superiority of
this city as a market and rsport point.
Not oven the most enthusiastic and opti
mistic "rooter" for Savannah could rea
sonably ask more than the showing that
has been made.
As to the volume of business transact
ed during the yeas, a glance at the table
of bank clearing* la sufficient to Indicate
how great It was. and how large the In
crease The clearings for the year ag
gregated In round numbers STOOOOO.tiOO. an
Increase of 866.000,000 over the preceding
twelve months. It Is doubtful If there
Is another city In the United State* able
to show such a phenomenal percentage of
Increase for the corresponding time.
The reason of this great swelling of the
clearingststo be found chiefly In the high
er prices which obtained for cotton, naval
etoree etc., during the period under con
sider., tkm thirlng 189®-190) cotton aver
age.! In price about S cents per pound
higher than during the year before, and
ghat difference means a lot of money,
where more than one million hales nr*
handled, as at this port Naval stores
ruled higher, too. throughout the year,
adding millions of dollars to the value of
the total of trade. And the name le true
of lumber.
The exporta for the year reached the
big total of *38.757.045. an Increase of more
than (14.0000' over the preceding year.
Whet has been said with respect to the
higher prices of cotton, naval stores and
lumber accounting for larger hank clear
ance*. apttUe* in a measure to the Increase
In export*, but It doe* not cover the
ground fully There ha*, as a matter of
tact, been considerable new business
brought In by the railroads During the
year two great systems, the Southern and
the Seaboard, were added to Savannah s
feeder* The latter of these systems ts
just now finishing up one of the largest
and most complete terminal plants In the
Untied States, on the river front, ami
ships are being loaded at Its wharves.
During the buelnoes year now opening It
is to be expected that many million dol
lars' worth of freights will be handled at
these new terminal*. Meanwhile the older
systems, the Central and the Plant, have
maintained their established reputation a
great contributors to the material pros
perity of the city.
A careful estimate, arrived al through
the averaging of the figures of conserva
tive business met.. places the volume of
business done by the stores (wholesale
and retail) and manufactories at not less
than 8165.775 000. Not Only Have
better prices been obtained for
commodities, but they have moved tn
larger volume. Merchants In the Interior
have purchased on a more liberal scale,
and collections have been good. With the
hotter price* for cotton end naval stores,
the Interior consumers havs had more
money to spend for "store goods." aad
they have bought with comparative free
dom. All Itnee of merchandise have shared
In the general prosperity. There ts not
on any hand any well-grounded complaints
of the year's business. Most merchants
express themselves as highly gratified
with respect to the year past, and very
hopeful as to the one now Just fairly be
gun.
This brief summary merely touches, of
(burse, upon the leading features of the
year's business. In the subjoined articles
on this and succeeding pages will be found
exhaustive resumes of operations and
movements In the various commodities
which go to make up the city's trade.
Pstlmsle of Vear'a llaslness.
An eeitmate of the trade of the city and
port for the year, made up from the re
ports of the most reliable and conserva
tive business men. show* that the total of
business done from Sept. 1. 1899. to Aug.
11, IMP. approximated very closely the fol
lowing figures:
Cotton 842<W>.IK
Naval stores U„V*V>
Groceries DOOMS?)
Liquors and tobacco 7,300.000
Dumber S.un.flxn
Fertiliser and phosphates J.WMSS)
Dry good and notions ..>,'•.
Clothing tnootsn
Hardware J.SOO.fCO
Boots, shoes and hats 3.0Q0.<*
Fruits and vegetables S.OOO.OfiO
Provision* Z.ont.ttS)
Hay. grain, bran, etc 1.125 on
has tut are ,
Builders' supplies • 1.700.000
Manufacturers B.WO.'hO
Kk 450,000
Retail trade 41.08*900
Miscellaneous .. lO.flttlii*)
Total |16&.5T5,0n0
Hanking Capllnl.
The banking capital and surplus (In
cluding undivided profits), of Savannah
will be eeeii In the following table:
Capital. Surplus.
Havannnh flank and Trust
Company 8350.000 5 45.947
Chatham Bank 73.180
Ctltxen*- Bank Mo. 00) 101,839
Germania Bank ItOO.iH) *3 786
Merchants National Bank . fs*Ms) 128,3*1
National Bank of Savannah 2&O.MM 195. W
Oglethorpe Saving* and
Trust Company 123.000 69,000
The Southern Bank of the
State of Georgia 500.000 401.300
People's Savings A Doan Cos 131. CW 15.013
COTTO* I* IsOtt-lIKW.
The booth's Greatest Product
Brought High Prices.
The past season haa been an unusually
eventful one In the cotton world, and
matters at the end stand In striking con
trast with thnse of a year ago.
One year ago slocks of cotton through
out the world were large, and the beat
Informal people In the trade were esti
mating the coming crop at all the way
up to 11.000.000 bales and over. The price
wan only about 54 cents, and the farm
ers’ outlook was not bright.
Discussing the question of tha crop, the
Morning News said tn Its annual review
for September. 1899:
"Mr. H. M Neill estimates the yield as
fully up to last year's promise at this
time, or somewhere near 12,000,(100 bales,
as he calls !*.••• The most con
servative element ts persuaded that fig
uring the decrease tn acreage and fertil
isers. the late start anu at.normally early
maturity, together with deterioration
from drought and other causes, the de
creased production as tom pa red with last
year can scarcely fall to exceed 1# per
cent. The total, therefore, ought not to
be much. If any, over 10,060.600 bales, and
may be less."
This coneervatlve estimate was the
earliest expression of vigorous dissent to
the big crop views then current, and was
then regarded as extremely |M>sslmlsllc.
Yet It has been abundantly Justified by
facts, having been basal upon a careful
study of conditions as was there explain
ed In detail.
The total crop turn* out a little over
9.400.01* bales, H decrease of over 1.800,000
ha lee from that of the previous year.
In the face of this heavy decrease the
showing muds by Savannab Is a remark
able one. A* shown In the subjoined ta
ble*. the receipt* here are only about 10.000
bales short of last year. A* a matter
of face. Savannah’s receipt* were even
larger than lam year’s, but a deficit tn the
stock on hand, discovered In June, In
volved a deduction from receipts, as re
pealed checki ng could not locale h cor
responding error In reporting shipments.
Thus, Instead of the usual addition of
5,000 to 10.000 hales from what Is called
the "city crop." there had to be made a
reduction of übout 10.00 bales, making
altogether a loss to the port's total re
ceipts of 15.000 to 30.000 hale*, from cot
ton actually reported a* brought here by
the railroads. The showing, as made,
however. 1* certainly fine enough to satis
fy the most optimistic.
In the mailer of comparative stock*,
the contrast I* very great, the world'*
visible supply being only about one-third
of what It was a year ago.
Beat of all |s the contras' In price*; In
stead of starting off at 5Hc with a pros
pect of lower, thl* year the price ts 9c,
a figure which Insure* a fine return to
the grower, and general prosperity to the
Southern section of the country.
Review of the Year.
The season opened with middling In Sa
vannah. quoted at 5Hc. In Uverpo.d.
3 1.7-33,1. |n New York 6 3-16 c October In
New York. 5.82 c. A* September advanc
ed. so did prices, the trade becoming more
and more of the opinion that the big crop
guesses were wrong, some confirmation
of the reduced yield being derived from
Ihe very low condition reported by th
bureau on Sept. 10. By the end of Sep
tember. the market had gone up nearly
lc; Savannah 6V, October fi-4>4r.
On Sept 29. occurred one of the tnnel
exciting incident* on record In the history
of the cotton trade The New York Ex
change was closed for the celebration. In
honor of Admiral Dewey, and apparently
some of the laid ofT telegraph operators
conceived I hat It would be a huge Joke lo
stir up a little commotion In the South
ern cotton exchange*. Getting control
of the wire these funmnker* sent out op.
pirently authentic report* of the most
unheard of and incredible gymnastics In
the Liverpool market. From 2:45 to 1
p m . these spurious odviees announced
a rise of nearly Djd In Liverpool, almost
lea pound Some transactions were made
based upon the false report*, but the trade
was 100 much bewildered to do a great
deal; In fact. Ihe New Orleans Exchange
suspended trading. Great and general
Indignation wa* expressed thru such in
impudent hoax was possible, but so far
а. known the guilty partite were never
punished The Incident will prolnblv
caus.* the year 1899-1900 lo Ire known In
future, a* "the year of 4he fake."
The upward course continued tn Octo
ber. ind <it ihe end of (hat month
Savannah wa# 6’c. Liverpool 4 l-32d. New
York January, 7.13 c. The strength con
tinued Into November, until on Nov. 27.
January wa* 7.60 c. At ihe end of Ihe
month Ihe price had ret.ipsrd fo 7.43 ct
Savannah was 71*c. New York 7%c, Liver
pool, 4 9-32-1
During tne first half of December the
market suffered Its first sever.- downward
reaction, on Dec. I*. January falling o
б. and March lo 7c. A partial recover'.-
ensued, and at the close of the year 1839.
January was 7.51 e, Savannah was 7 5 e.
Liverpool. 4*d. Nrjr Y'ork. 7 l!-16e.
The market ruled without any decided
movement in prices, until toward the mid
dle of January. It haJ now become plain
to everybody except a few Incorrigible#,
(hat Ihe crop would fall considerably be
low 10,(100,ww, U, UMiccd, U exceeded ,-
THE MOKNING NEWS; FRIDAY, SEPTEMBER 7. 190ft’
(fo.dno boles Bo price# turned upward
again, under some restraint, however,
from the talk of heavy sales of fertlllxers
and Mg Increase In she next acreage By
the end of January Savannah was TV,
Uverpool 4Hd„ March 7.70 c. May 8c There
was some pretty free selling of new crop
months on the basis of 7c to 7.10 c for Oc
tober. largely by fertiliser people, who
considered that price a very favorable
one.
February started strong and by Feb 8.
March had reached about 8 40c. May * 41c,
Savannah 84c. Dlverpool 3 3-3?d After a
reaction, the upturn took on new life,
and on March I. May was t.26c, ttuvaanah
9 I-16c. Net* crop months were found
oversold, and shorts rusha] to cover,
tarrying October up to Ilk All this time
dm tin dons vre violent, and trades
was on an enormous scale On March *
May had advanral to 9.66 c, and tn two
•lays fell back under heavy realising to
8 93c. At #he end of March. May was
9 20c. Savannah 9*c. New York **c. Liv
erpooi. Slid.
Fluctuations were nerrower In April,
prices making a small further Improve
ment, but during May the market ruled
very weak, the month ending at nearly
the lowest. August 8.06 c, October 7Me, Sa
vannah 9c, Liverpool 4 15-Ifid. The low
point of this break wa* on Jan. 6. warn
August went to Bc.
Bullish Influence* now again assumed
the supremacy; the crop tvae
having a very had start. and
was unprecedentedly late. More
over. well developed squeeze was
manifest In New Orleans and also threat
ened In New York, Before Ihe end of
June. August was again above * Stic. Octo
ber 8.69 c. High pulnt of the movement
was reached July 9. August, 9 *7c, Octo-
Iter. *37c. July was quoted as high as
10.21 c Savannah, 94c; Dlverpool. 6 1-16*1.
and New York. 10V Thl* proved to he
the culminating point of the year, except
lor New Orleans, where the local equeexe
In July was held through to tha end of
the month.
A sharp break followed, with violent
changes Thus on July 17 August was
8 65c. October, 8.15. and on July 24 August
had recoverd to 9.00. October. 8.46 c Im
proving crop reports causal renewed
weakness until early In August, when Au
gust went down to 8.50 c, October below
8c The bureau report on Aug. 10 wa*
much less favorable than had been ex
pe,'ted, and helped to stimulate the mar
k-1 again for the new crop
month*. October reaching 867 c on Aug 21.
Some tendency to weakness during the
latier part of the month has been checked
by the alow movement of new cotton, of
which port receipts for the month ere tees
than 39.000 bales.
After sundry minor fluctuations the final
quotations are: August. *c: October
8 53c; Savannah, *c; New York. 94C; Liv
erpool, 5 23-32d.
The vary high prices of spot cotton dur
ing the spring and summer months had
the natural effect of drawing to market
cotton from every nook and cranny In
the South. The result Is tnat the total
crop for the year appears several hundred
thousand hales larger than It should have
been, for the growth of the year could
scarcely have ex.-erdad 9,000.000 bale* An
other r.-sult Is that there Is probably less
old cotton In the country now than ever
known before; It has been practically
cleaned up.
The lew Crop.
Before the planting season there was a
very general Impression that the acreage
would be largely Increased owing to the
more remunerative range of prices. Much
strength wa* Imparled to this Idea by the
grtat Increase tn sale* of fertlllxers.
amounting to something like 60 per cent.
No doubt this expectation would have
been lealtied had ruling condition* been
favorable. but the contrary was the case.
For preparing the ground and planting
the seed, the season In moat sections ap
pear* to have toen about the worst
known tong continued rain* everywhere,
acot mi anled l>y disastrous flood* and
overflow* In Texas and the Mt<sl*stppl val
ley kept planting work delayed to such
an extent that the start was the latest
on record. Burh being the ca*. naturally
It was Impracticable to plant as much as
had been originally contemplated, espe
cially as the greater amount of work to
he done necessitated a larger supply of
labor than was avallab'e.
In some sections much difficulty was ex
perienced In securing proper stands, re-
I rated replanting* being required where
eeed had rottsd or be n washed away.
Thl* state of affair* continued for s me
time, causing harmful delay In giving the
field* early working* Hence, the grass
and weed*, which flourish luxuriantly
amid superabundant moisture, grew faster
than the cotton, and It was ad fflcult task
to keep the field* clean. In some cases It
was Impossible, and the over-run fields
had to be abandoned
When the usual acreage estimate* were
announced the Increase was sta'ed t4> be
much less than had been anticipated, the
most approved authorities putting the
gain somewh>re about * per cent., whereas
at the beginning of Ihe year about 20 per
cent, htd ben looked for.
I'nfavorable conditions prevailed all
through June, and the bureau report on
July 1 gave the lowest average on record
for that month. The outlook was felt lo
be very gloomy, almost hopelessly so.
but for tho consldera'lon that the lateness
of the crop would render It more suscep
tible to subsequent Improvement, than
might ordinarily be the case.
During July, weather condition* were
exceptionally f ivorable; planters were able
to do all necessary work, and warm suns,
without excessive heat, stimulated rapkl
growth. He(>orts *>f marked Improvement
were universal, snd the bureau was con -
fldently expected to reflect th# same In a
substantial advance tn the condition fig
ures The bureau on Aug. 10. however,
gave practically an unchanged average,
despite the known ameliorated conditions;
from which one must needs Infer that the
already very low July condition should
by rights have been still lower. Hither
that, or tho August figure should have
hern higher.
During August, conditions and reports
have been mixed to the utmost confusion,
with an undoubted preponderance in fa
vor of n less promising outlook. Drought
Is said to have worked great Injury tn
Georgia and Ihe Carolina#, while rusl.
shedding and Insect* have wrought de
struction In Texas Probably no such va
ried and conflicting accounts have ever
been received before, good and bad re
ports coming from adjoining localities.
For purpose* of comparison. Ihe bureau
condition for July. August and Scpiembei
for the past three years is appended:
1898. 1899. 1900.
July 91.2 87.8 75.8
August 81 2 84 . 76.
September 79.8 68.5 T
It now remain# lo be seen whether Ihe
September condition this year will drop
down lo that of last year or not. If It
does, a drop of under 10.000,000 hales would
be Indicated, unless a prolonged and pro
mt lo (Is autumn should enable the plant
lo keep on making up to an advanced
season.
Nothing like a definite estimate of th*
crop U possible al hi* early date, so un
certain and varied are the opportunities
bath one way and the other. Some such
estimates have already been made, some
more or less "official;" but the trade Is
fully aware of the worthlessness of such
reckless guesses and absolutely Ignores
them.
Prospects.
It doe* not appear advisable to be san
guine of higher prices, unless material re
duction* he found necessary In crop expc
’ ‘e *'■
tng a *<i 1 more than eras ex
pected when the seed was put In Ihe
ground. The enormous advert must
necessarily entail some reduction In con
sumption. and Ihe world cannot b# ex
pected to want a big or even fair-sited
crop nl 9or 10 cern At present, owing
lo the depletion of slocks and backward
ness of 'he new crop In coming forward,
the market 1* being “squeexed." and cot
ton ts bringing "corner" prices. YY’hen
thl* abnormal state of affairs t* relieved,
prices. In Ihe natural course of evonu,
can only be expected to yield more or
less, excepting always *he contingency
that the crop should prove to be turning
out light. Hut the probability aeeme to
he that cotton sold now. while It ta so
scarce, will bring a better price than that
said month or more later.
Whether the crop be large or email,
whether the price be high or low. Savan
noh he* no feer about holding her own.
at least. Indeed, her yearly growing
railway and shipping facilities give every
assurance that she will draw on annually
Increasing proportion of the total. No
port can surpass her In advantage# of
fk-rfd. and she Is amply able to handle
everything that comes thl* way to the
complete satisfaction of ull concerned.
Receipts of cotton from Sept 1. 18*9. to
Aug 11. 1990
Sea
Upland. Island
Central Railroad 624.298 11.924
South Bound Railroad 33.736
ri F and W. Rallrood 174.909 33,55.'.
F.. CAP Railroad It 909 11.277
Charleston and Savannah .. 52.976 33
Georgia nod Alabama 112.138 11.778
Savannah river eleamer* .. 6.971
Carts 147 411
Rcaufort steamers 57
Slock correct 100 2*9
Total 1.019.634 72.250
Receipts of cotton by the month—
Sea
1899-09. Upland. Island.
September 137.680 3,917
October 139.956 15,161
November 149.404 17.178
Decern her 141.888 9,021
January *1.543 7.100
February 153.606 6.5*0
March 113.334 2.604
April 36.748 1.247
May 9.907 422
June 6.897 11
July 5.6*3
August 14,416
Grand total 1.017.841 63.613
Desa 1.901
Net 1.019.634 72.250
Statement of exports of cotton, coast
wise and direct foreign, from Sept. 1,
1890, to Aug. 31, 1900, Inclusive:
Sea
Coastwise— Upland. Island.
Brunswlcfk 1
Charleston 968
Baltimore 77.667
New Y'ork 118.5*7 33.918
Boston 142.661 355
Total coastwise 338.104 33.373
Foreign—
Dlverpool 88.438 4.900
Manchester 59.859 23 277
Havre 27.153 2.175
Revat 5.250
St Petersburg 11.675 100
Bremen 251,757 M 2
Hamburg 5.844
Antwerp 6.275
Genoa 2.4(0 ......
Barcelona 48.007
Gothenburg 66.497
Inland. Str Cook, Augusta. 417 852
Mill consumption 450
New Orleans 833
Total 12100.451 70,659
SKA 181.691) COTTON.
The Crop for the Season of IBIHI
IMtO Was t>H.:t:tf> lings.
The season In the aea Island cotton
marker ha* not been marked by many
features Better price* were commanded
than for cotton, and the demand was
such a* to maintain price* as they mov
ed upward throughout the season. The
crop for the season of 1899-1900 was 98.-
239 bags, against a crop of 74.0 t bags for
the season of 1888-1899, and about 85.000
bags for 1897-1898.
Prices during the season opened fairly
good, and continued to advance steadily.
Fancy Florida* brought from 20 to 22
rents per |>ound, and Fancy Georgias 20
cant*, with a few bag* selling as high as
21 cents The demand was from the syn
dicates through which the mill* are sup
plied. and which are represented In this
market by local buyer*.
The outlook for the growing crop Is not
very bright, and from generi-l account*
It seems that farmers are to get good
price* for thetr cotton If they handle It
intelligently. Everything points to a
smaller crop than that last season, and
if this turns out to be the case the Im
pression among those Interested In the
farmer getting good prices la that price*
will soar skyward. It is learned that re
ports have come to factor* from many
portions of the sea-island belt Indicating
tha* tha crop In Georgia and Florida will
be less than last year's yield.
Bra Island crop received at Savannah.
Oh., year ending Aug 81. 1900. showing
proportion of Georgia. Florida and Bouth
Carolina:
' fOa - [ Fla. T&C. Total
| Bags | Bags. Bags, j Bags.
Rac'd par C.'ifi*.| 11.8941..'.. 11.924
Rec’d per Savan-j j | |
noh. F AW. Ry*| 28.185 , 9.570| 33,555
Rec'd per C. A B.j
Railway | | | 33; S3
Ree and per F. C. A
P H R. | 1.643 12,621 | H. 277
Rec'd per. O. A |
A. '.allway | 11,77* 11.778
Ree'4 per carta... 411| | 411
Reo'e? per Havan-j | |
nah river *trs..| 3; | 3
Ree and per 8. C.... 193| 74i | 269
Total gross re-| i | |
celpls | 49.919 22.278 32 72.250
Dess from Char!
Mctreoeipta... 43.9Ta37&| ~~.i '72.217
•of which 178 through
Proportion—Georgia. 6912 per cent.;
Florida. 30.83 per cent.; South Carolina.
00.05 per cent
Foreign Exports Upland and Sea Island
Cotton, via Direct and Coastwise Steam
ship*. from Snvannnh. for the Year*
18*6-97, 1*97-98. 1896-98 and 1899-00;
“ | Upl'dj Upi’dl Upl'd; lfp?d
| Sea I Sea | Sea j Sea
;lsland Island Island Island
• | t { Qusn- (Juan- Quan- (Juan
" ! J tlty | tlty j tlty | thy
| Bale* Bales.|Bales.! Biles
11*96-97. 1897-98, ■ 1*96-99 1899-on
Liverpool I 111.577 132.592' ' 97 hmF 15.530
Havre j 39.501 55.437 39.661| 7.917
Dunkirk | OD| 850 j
Bremen j 23.936 404.953 380.262 33.50|
Hamburg 22.349 19.7*7 14.350 7.355
Amsterdam ... 5.5n0 3,3*> 8.245 22124
Antwerp 3.900 16.317, 5.4991 1.000
Ohent 4 963, SJDO 509,
Trieste 3 560 7.600 11.000, 101)
Har.elona .... 72.107 , 89 005 86,95t| 3.136
Lisbon 1.500 3.775 2.500; 210
Oporto i 9.150; 13.917 9.248 800
Genoa j 54.1971 *7.6*9 7*.221| 4.550
Raval j 48.7*8 59,342 28.298 6.1(0
St Petersburg 17.175 22.875 8.379 6.7*5
Hlogc. | 1.200 j
Riga j 250 4,949 1.400
Christiania .... 3.<D2| 1,354., 1.300 j 70u
Rergsn 960 SC*), 1.200; 400
Hango l.flohj { ROoj
Gothenburg .. 6.9.**, 13.122, *,250j 5.450
Mahno 900 6UO| | 500
Norrkopplng .. 300, 3.400 3.960 100
Kykoptng | 1.900 j 600
Glasgow 1,025; 20 j
Santander | j j
Cnriaham j j j 100
G-ffie | 2J*' 400;
Naples 1.500 4.100 1,330! 1.000
Venice 5.130, 2.183 4.563 308
Uddevstla j 1.825 j
Yokohama | 3.150; | *O2
Uarberg 3.1<0j 1.800 I.Ott) 300
Manchester ... 7.176, 3.839 11.681 2.301
Malaga 1.000 2.000 j
Ferroll 64j j j
Marseilles ! | 100; j
Kobe j 13.000 J 13.750
Rotterdam 8.50" 5.100 j 1,200
Bombay 200 | 35
Stockholm aw. Duo
lit enter ha van j 100] 150
Flume j | | Ww
uxe|-und |........ j........ j 1.400,
Oxrlsund or;
Non kopplng | j 389; 100
Total | 652.946, | 81M$T| 188.314
The fnllowing table show* the receipt*
and export of cotton in round bales from
Sept. 1, 1899. to Aug. 11. 1800;
It on ud Hale Receipts.
Bocal '.Coast f For | Total
C. Of O ....| 11.711, 430; 5.068; 17.199
8. Bound ..| | j 2.330 2 350
8.. F. A W | 36| 478, 614
C. A S 119) | 3,431, 3.341
1 1 1 j
Total .. ~| 11.883 ; 430; 11.8171 3J.604
Above counted as 11.801 bales!
Mound Hale Exports.
Liverpool 6,010 counted as 2.596
Havre 1.300 counted as CSO
Genoa 2.83 counted as 1.911
Bremen 10.838 counted as 5.417
Barcelona 1.300 counted aa 650
New York .... ...... AC counted as 391
Baltimore .... 474 counted aa 237
Total 3.350 IL6JS
NAVAL STOHEB.
Tlie Pas* Year With the Trade Wa*
Generally hallsfaetory.
The past year with the naval afore*
trade was generally satisfactory, not
withstanding the many drawbacks so
which factors and operators alike were
subjected. Conditions were favorable at
the opening of the season of 1900-1901 for
one of the largest crops In the hlatory of
the trade. and It Is certain the production
would hove exceeded by far that of any
previous year, had not the trade been set
hack tn all branches of Its operation.
What operated as th# greatest drawback
to the prospects of a larger crop than
will be produced wa* the heavy spring
floods which Inundated a large section of
the naval store* belt In Georgia. Alabama
and Mississippi, washing the crude gum
from boxes, and resulting In a suspension
of work on farm* for week*. Added to
this wa* the lark of farm labor, which
was, and still la, a source of complaint
from operators In every part of the pro
ducing section. With the damage caused
by the floods, and the Inability o en
gage sufficient farm labor to prosecute
work. It will be seen that * serious gloom
was cast over th* bright prospects at
the opening of the season for a record
breaking output.
Although there ts a short output so far
In comparison with what was looked for.
It is nevertheless true that receipts are
running ahead of th# receipt* for the
season pravlous to th# present. The
effect of thl* ordinarily would have been
to depress the market, but any Influence
In thl* direction ha* been fully counter
acted by the consumptive demand from
all sources, which carried price* to a
high hasta. Turpentine sold at 534 cent*
at one lime. While very little stuff wa*
disposed of at this price, the market
lingered around the forties a long time,
much to the profit of the trade. The av
erage for May-August futures was 41©
42c.
The following tsbls shows the range of
price* hie season a* compared with pre
vious seasons:
— T ItOO-lwTT'liidiw ll I*9B-1898
| High Low; i High'Low HlghLow
Tur- } j II j II I
pen- | | II I I! I
tine ~| 34 | 63'|| 85 | 54(4 ’4! 5
Rosins j
W. YV :12 40 'B2 1:82 20 13 *5 111 80 13 9*
W. G j2loi 306 ,200! 350 Il7o| 255
K | 1 SO i 2 25 t 1 30 ! 2 25 i| 1 IS I 1
F ) 1 |ltlt 1 00| 160 I 100 130
D ;lioil io ii 8# ii so |i
A chnnge in the policy of the Stand
ard Oil Company, a large buyer of tur
pentine. by which It furthers Its plan* of
buying direct from operator* or off farms.
Is a matter of Importance to the trade.
Early In the season the Rtandard gave
notice that It would not renew Its con
tract* to take turpentine from factors at
Gulf porta af'er * specified time, and by
operation of this decision ll I* now about,
If not entirely, relensed from It* con
tracts. It* purchase* were based on the
Havannah market, subject lo variation*
agreed upon, such a# freight to Savan
nah. etc. The effect of the withdrawal
was a help to Savannah tn bringing In
creased receipts lo this market. It seem*
that Ihe srade at Gulf port* are estab
lishing direct connections, however, and
exporting direct. This ha* at times had
an effect on the demand which has been
felt In thl* market, though not to any
great exent.
Receipts for August, which hevs run
ahead of any previous August for ten
year*, together with an Indifferent de
mand due to Ihe previous large sale* of
futures, has had the efftict of depressing
Ihe market. When the price got down
to the thirties it sagged off sharply un
til It I* now around 34 cents. Rosins have
shown some loss, hut not to the extent
turpentine did. No doubt exist* about
there being a great and consiantly In
creasing demand for naval stores, which
promises to maintain value*, notwith
standing drawbacks of a temporary na
ture.
From the moat conservallve sources
the total value of business In navsl
stores transacted through Savannah
from September. 1799, to August, 1900.
approximated $11,500,000.
Receipts of naval store* from Sept. 1,
1X99. to Aug. 81. 1900. as compared with
the preceding year: _
fCasks "Spirit* Tnarrels Rosin.
Months. ! 1888-99. 1899-00. 1898-99 ' 1899-00
September j 26.090| 25 844 94.187; 90.113
October.. | 2.41| 36.60* 90.29* 98.112
November 27.703! 27.1821 107.906 88.300
December. 21.0ffi| 21.012 107.116 122.2*
January.. 9,725 7.079; 96 4371 98,756
February 4 '*S .3 fine 56.786 59 101
March.... 7.291| 5.551! 73.080 41.840
April 20.087 ' 20.104 *1 461; 42.a19
May 46.797 46.398 97.042 83. ITS
June I 47.146 45 348 97.452 88.901
July | 41.243 45.388 110.730; 93.499
August ....| 87.HU 41.7681 111.478! 111.027
"T0ta1.... I 314,941 315.849! 1.108.853(1.010,6
T'rice per gallon of rplrlts turpentine,
ench month, from September. 1899. to
September. 1900. and for previous year.
fclU 'H~i L.
Months— | ,
September 49*4 43\ 29>, 274
October ,504 45 354 284
November 1494 47 |37 S3Y,
December 49>, 474* 44 364
January 50 |44 |
February ,54 524 44 ,12
March 1544 52 145 38
April 153446 42 138
May |4 1468,41 ;38
June !48 42 ;i$ ;SS
July 444 41 42 1364
August
'Comparative l*h> of exports, 1888-99
and 1889-1800.
■a Turpcnt.ne 1889-190) 1898-1*99
Casks. Cask*
Sept. 1. to foreign 102.644 88.138
March . domestic 35. t 8 20(
April 1. to foreign 124.580 132.0C7
Aug. 31. domestic SS.SiM ♦;.jr
Total 300,739 210Aj7
Rosin—
-1809-1300 HiS-IKW
Barrels Barrels
Sept. 1. to foreign 387.538 t 63 814
March 31. domestic 0K.785 391972
.. . Continued 00 Page Nine. ,
HUNTER, PEARCE & BATTEY,
COTTON
and Naval Stores Factors.
Maoufatcurers of High Grade Fer
tilizers.
Experienced and Expert Handlers
of Upland and Sea Island
Cotton.
Money Loaned to Cotton Shippers
on Satisfactory Security.
HANDLE WOOL AND SELL BAGGING AND TIES AND ALL NA
VAL STORES SUPPLIES.
J. P. WILLIAMS, President H. L KATTON. Secretary
J. A G. CARSON. Vice President F SAUSST, Treaaurer.
J. P. Williams Company,
ORGANIZED UNDER THB LAWS OF THE STATE OF GEORGIA.
Paid in Capital 5350,000,
id sues id Mi m
Half ins i Prof! Ms.
Office 8 Bay Street. East < •; yij Stores 33. 225 and 217 Bay Street, East
Savannah, Ga.
Agents for the Mltehrtl A Lewis 4 oaspany’a Celebrated Tarpenllae
Wagon.
Dealers tn Turpentine Locations.
JOHN J. OAUDRT. JARIE Z CRISP.
GAUDRY, CRISP & CO,
COTTON FAGTORS
t-AND —
F. 0. B. BROKERS.
%
Wc make a specialty of handling Sea Island Cotton.
G. C & Cos. Giant Guano for sale.
130 BAY STREET. EAST, - - • SAVANNAH, GA.
CLATTON R. WOODS. CHARLES B MALONE. T. LEWIS M
WOODS & MALONE,
COTTON - FACTORS.
AND DEALERS IN
BEST BRANDS FERTILIZERS
AND BAGGING AND TIES,
2J2 Bay Street, East, Savannah, Ca.
W. W. GORDON. BIERNE GORDON. O. A. OORDON.
W. W. GORDON & CO
COTTON FACTORS
—AND—
ComrrjissioQ Merchants,
108 Ka y Street, East - - Savannah, Ga.
Make liberal advance# on consignments. Furnish Sea Island and Upfand Bal
king Tl*. Also Sea idur.J Colton Seed al lowe.i price*.
RANDOLPH AXSON,
coin in ■ com Hi
So- 312 Bay Street, East, Savannab, Ca.
Ulp * r “ , ' ,ul attention given to all business entrusted le kl *
seen. •**•*— " -It consign meats.
•XLL 1* AfiSiJP) !B* ABU AT LOWEST FJUCBS.