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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.