Savannah morning news. [volume] (Savannah) 1868-1887, 1881-09-03
ANNUAL REVIEW.
RETROSPECT OF THE YEAR
JUST CLOSED.
Business Prospects of the Coming
Season-EnteTs sting StatistIcs-The
Different Branches Of Trade.
OFFICE OF THE MORNING NEWS,
SAVANNAH. September 8, 1881.


SAVANNAH. September 3, 1851 (
Standing upon the threshold Of the CONNER
cal year Of iSs0-lssi We can enjoy a retro
spective view Of the business year just ended
With great satisfaction, and look forward TO
the season now opening with confidence and
hope. We can very heartily congratulate our
community upon the prosperity Of the past
season, which in some features has been
remarkable and unprecedented. The sanguine
expectations which we're INDUCED at the
commencement Of the year have not been
hlghted by disappointment; rather have they
found full realization. Business continued
steady throughout the year, and, contrary to
the usual experience in Southern cities, there
were really no very dull summer moths.
Particularly may we notice the fact that
throughout the months OF June, July and Au-
gust the transportation business Of the vari-
Gus steamship lines held up wonderfully, ana
the New York and Baltimore steamers were
carving IS much cotton freight during
those months as in April and Nay OF the pre-
cediHg year. The railroads, notwithstanding
the Disadvantages under which they have
IAbored By reason OF the requirements Of the
Railroad Commission, preventing them from
successfully competing with those outside Of
the State have had large business, and in the
matter Of cotton receipts it speaks well for
Savannah that she can show heavy general
increase and about rs OOO bales above the Allan
tic cotton port nextto her il Importance. The
predictions, therefore, Of the future commercial
greatness OF Savannah, which have been ex
pressed, are strengthened ami confirmed. II is
Cow anticipated that unless some unto reseen
calamity occurs Savannsh's receipts for the
present season will approximate s1OC0I
bales.
There has also been cool general business
done through the year, and our merchants
are satisfied with the results.
The naval stores and lumber interests, which
are important factors 10 our commerce, have
been unusua y active, and there has been a
very large increase in the former. As a naval
stores market Savannah is rapidly taking a
foremost rank though il is feared the very Sc
IL us disasters to the Industry in this imme-
date section caused by The fearful gale Of the
- b Of Au -ust may affect operations. These
matters. however, are more fully treated in
cur special review OF the naval stores market,
and we viii not dwell upon them.
Our transportation facilities have been very
with New York has been quick and regular.
The Ocean Steamship Company have now a
feet Of six splendid vessels. and it is probable,
especially should occasion require, Savannah
FiI nave a daily line 70 New York this season.
The service between Toston and Savannah
les Teen improved. and excellent ships row
connect At that port. There is probability
that the Ocean Steamship Company viii al o
cover the Boston line, in which event there viii
lie even greater accommodations and facilities
between the two ports than has ever been en-
j0yed The Baltimore line could not be better,
and during the Business season the largest and
fastest steamers Of the Merchants and Miners
Steamship Company ara placed on the route.
Ia fact. in the matter Of steam communication
coas.Wise, Savannah has No equal on the South
Atlantic There y i'll also be an increased direct
t-a5e with European rorts, several large Eng
I-sh steamers having already arrived, aud some
are on berth and loading rapidly. 1t is ex-
pected that there viii De a large feet Of these
steamers here within the next few weeks.
In Acknowledgements Savannah has made
wonderful strides during the year. Extensive
warehouses have been erected, cotton presses
Improved and enlarged, and their working ca
al the Central Railroad Wharves viii shortly be
completed, aid the improvements which have
been in progress there for the past year are
now nearly finished, and will add greatly 10 the
facilities OF traffic and commerce. The estab-
Ilshment Of the Savannah GuaDO Factors, now
n successful operation, is another important
enterprise.
The confidence OF szvauuah's future
caused a regular building BOOM" and it
may be asserted that never in any previous
year have there been so many handsome and
substantial residences erected as has been
acted the past spring and summer.
THE FUTURE.
While the great storm OF the 9Th, which
brought in its train havoc and desolation, hss
.eatailed vast pecuniary loss upon our poo
pie, there are no appreheusiOns that our mate
rial prosperity will be effected. Rather, there
4 an abiding faith that, possessing the advan-
tazes she does, Savannah, with renewed ener-
gv. will speedily recover from the effects of
this blow, and that her onward march in com
uierciaI greatness ami prosperity will IN no
wise be retarded.
FINANCIAL
The yesr b-fore this marked a most decided
improvement ia Georgia securities, and we are
ey-atthed to note for the twelve months just
sried. a continuation OF the enhanced values
q our local stocks and bonds. As an llustra-
t.on We quote the market value Of some OF our
Leading securities for the last day Of Angus L
1882 and Of 1881, as follows:
1880 1881.
Bid Ask'd. Bid Ask'd d.
safe Georgia per ct.
State Georgia per Ct.