Savannah morning news. [volume] (Savannah) 1868-1887, 1882-09-02

in communication with the entire cotton belt
and the dly developing pine regions Of the
Southwest, while the extension Of the Macon and
Brunswick Railroad and its connections will
virtually give her double line Of railway to
the grain regions of the great West
The ex.e1s.ol Of the Rowland Bluff Railroad
from Live Oak, florida, TO the suwannee river
upon which steamers are to be placed-will
also open up TO her a rich and hitherto undo
veloped section Of country which must re-
dound largely to her welfare, while the extern
sion Of the branch Of the Savannah, Florida
and Western Raj way from Climax to the Chat
tahoochee will place her in direct connection
with the Southern Pacific Railway system, and,
in fact, will make her the Atlantic terminus
of that system Her transportation facilities
by water are also to be largely increased. The
Ocean Steamship Company will during the
season place three new and larger vessels upon
their lioe to New York; better service than
heretofore will be given between this and the
ports OF Philadelphia, Boston and Baltimore,
and it is not aitoget her visionary to anticipate
the establishment of a direct line to Europe in
the near future. The population Of the city is
rapidly increasing and must steadily increase,
and this viii necesitate a speedy enlargement
OF the city's limits In view Of these facts the
future Of Savannah is most promising, and our
citizens can co Int with almost absolute GER
tainty upon her becoming the largest aud most
important Of the South 4tlautic cities.
FISANCIAL.
Last year closed with the market for South
ern securities at about high water mari, all good
stocks showing an advance of some to 10
points over the year before. But. owing prin-
cipalIy to the short cotton crop. the current
year ends with somewhat lower prices for
both bonds and stocks, as the following quota
tiOns will illustrate:
Bid .9 asked. Bid asked
South Georgia o per
cent bonds, due 1889 fl11b % 100 1O7
South Georgia Z per
cent bonds, mtg,
South Georgia per
cent bonds, due 1895 ia 125 ~ l23
City Savannah per
cent bonds. ...-... $ SoR 63h o416
Central r r Z per cent.
N q Z DOn1S--..-... ll9 l<U ltl13 ll<12
cent bonds '..... - 1914 1Os16 IO5 100
Montgomery and Eu-
faula Z i per
csnt end bonds H.. 1O1 los l0i l05
Western X r s per
Cent ID mtg end.
=, bonds !, ~. 1s9' Il - y l!3h
Central r 2 stock l@215 l93 va y519
Augusta and Savan-
SJuth T5rts-n q X
$50 Ss-..... ...----. 81 1,3 10 III
At the fit g.ancs thee figures loos dis
c3u-2-i--. 5u- ,,..sE rl c1Gse is considered 70
the ie-a-u-,f las. umm-r, which caused a
g-s d-f .iti1 Q" c-0rs throughout the co m
t-y-it il su-prisius that q lower range was
not reached. These quotations are not nomi-
M, f3- tuyrs stand ,e1dy 10 take all offer
ms az tls inside fl cures. and sellers are very
limited in the amouu- Of their offerings. Ii is,
therefor. rea onsbIe to expect that prices
viii orc sgaio reach those Of last year should
the promise of Fo35 crops be realized. Our
bank a11 cotton presses have all paid fair
dividends This year. ana end the season with
out bal debts. and, in most instances, with
large re erves
SEA ISLANDS.
The indications being that the Florida crop
would be equal 10 the last and the acreage in
Georgia very much larger, that there would be
a considerable increase in receipts from that
Quarter. factors were disposed to open the
market at prices very little above the closing
ones Of last season, and few 'es we're made
on this basis Agents for Northern mills in
Florida however. offered better prices, and
factors were instructed TO hold for prices
which were much above the views Of foreign
spinners Our market, therefore, in the early
part O.. the ~aoeon was in the hands Of domes
-.. buyer r-n .t became evident
e. Ihs .. d 3e
be last. ana also il.7lt q 'l 81 l1-
... --le -.ye came into the market a..
paid le demanded, following the eur
..a-a -nsts-i-e however
-la crop boz
-J me
September.-The receipts for the month were
257 bales; sales 2o4 bales. The buying was
entirely on domestic account, and the sales
were mostly Of good Floridas at 24025c. We
quote as follows: