Savannah morning news. [volume] (Savannah) 1868-1887, 1883-09-01

VI pdlft1tpu receipts. however. are FtAullN
explained. The increase Of the cotton pro-
duetion of Texas has been immense, and last
year the increase was sufficient to give Cal
weston the second place. The cotton OF Texas
naturally goes to Galveston, and the increase
of the receipts Of that port. therefore, does
not Indicate that the legitimate business Of
other ports has been interfered with. 1t might
De well, however. to inquire why it was that
the receipts Of Savannah last season did not
increase in proportion to the increase Of the
crop. The reasons have already been stated
by our Cotton Exchange. The chief reason
was the pooling system, relative TO freights,
adopted by the railways which transport the
cotton of this section. This system gave
Norfolk a decided advantage. Cotton was
carried to Norfolk and Newport News from
Macon cheaper than it was brought here.
The railways We're, perhaps. not so much
to blame for this discrimination against this
port As the legislature. The
Legislature, by enactments which can
hardly he considered wise, prevented the
railways whose interests are in this direction
from ehartering lines outside of the state, but
gave railways outside Of the State the priyi
lege Of charterng lines within the State. The
effect OF these enactments has been extremely
detrimental to our interests Another thing
that was against us was the understanding
among the steyedOres not TO stow cotton conf
pressed in the interior, and also the higher
rates charged for COMPRISING. The result of
this was to turn this cotton in the di-
rection Of Norfolk and other ports north of
that paint. These matters have been inquired
into, however, ana no doubt every effort Will
be made to correct them. savannah has
great natural advantages, and these of them
selves will, it is hoped. overcome ordinary
distractions which may be placed in the way
OF her legitimate trade. The pooling system
has naturally caused a falling OF in the
coastwise through freights from this port.
Cotton that ought to come here for shipment
North has. on account of this system, gone
North boy rail. 1t Is also noticeable that there
has been q falling on in our exports to Eng
land. This l. due to the fact that our export
er. nave been trading direct With tie mills
ON the continent. Formerly cotton used to
reach these mills by way of England. An
other reason why our foreign exports have
fallen of somewhat Is that buyers for the
Northern mills are much more active than
i'm former wears. The cotton taken from this
market last season for consumption ia the
New England nill~ anJ the mills in the
south was greater in amount than IN
any previous season.
The season. however, taken - a whole.
NAV lie fairly said To have been quite
-ali~i''l'i! To l"e 'ae'oIS anu P''"'ei7'
Ai'""ush prices "e'c 10" '''cs iN'''' ''i'.'.
ihe N"iu'uc ol business /" a. i'''i' w 40 '''S
a'ci'sc-4H l''''' II VIZ SI""' W. "n. i'iN NUS
year rae exporters, "'" VT "'' "o' "o :"
"'ii' anu J.. = il"'"''G '.'' me 80 '''n,s
on 'i'c l"'''l >v19'" D"s.''''' i-"'iE J." ''i0
season lHe! 'll Itiii''r NNoi' "'ii Oh
OF '"e spring oi I"c prev '""9 SS"s"" lo' IAN
"eii'eEle@ 'i'' ''.'s q" - 7i.i-'l' Du'
h''l %" '"'s 80 ',"' 'i'' 30, - ~ - '-'s'
I'd'''e" l'c CIV, ~ '''1 - - "n1'
"'"er ON '''" '',e gu ~ l'., =
IL I'4 "' iei'.', - 10, 81 "a % ''''
Ne"9'h W"9 'i"' .,.I'0 "ei' '''' w ''''.' -
move l"e crop va "' u
money a. in previous Seasons
The year closed at the following quotations.
a given by the savannah Cotton Exchange;
Good middling lilo
AddIng ,,.. N 10
Go"l or,iimar7 il-l6
Ordinary ..--.s l5-l6
PROSPECTS FOR THE PRESENT SEASON.
ON account of the increased acreage and
the favorable reports from all parts of the
cotton belt. until very lately. 100000 bales
were talked of as the crop of lSS3-4. Drought,
caterpillars. worms, rust. etc, however, have
combined To shorten the crop. In many sec
tons there will not he an average yield. and
It's now believed that the number Of bales
will fall considerably below the number of
l,.t season. OF course. nothing can be said
,l,ort Urices that would be at all reliable
The most that can be stated is the general
immersion The impression seems to be that
-bere will not be any marked increase be-
fore Jguuarv. if then. The reasons given
for this innression are that the SUNNY
nj cotton at Ilverpool Is very large-large
enouvb in fact. to last month without
,sl-in.s &, hale from the new cron. There are
.,I., isr-a stocks ot the morris of This country
and m interior towns The mills have fun
,upplies. and. besides. the stocks of manufac-
tured cotton goods on hand are sufficient to
meet the demands Of the market for some
time TO come. These reasons appear 10 be
sufficient to iustify the belief that higher
prices at the present time need not be looked
for. However. nothing can be predicted with
absolute certainty with regard to the mar
lot CONTINGENCIES NAV arise that viii en-
- A., ,..,,,,,t ,;+,,.+;,
'iIei4 'A'h=0 INC IA 1'N''''
SEA ISLANDS.
The rereiuts Of this class Of cotton mn 10 The
- rI....,,,,.,.,. -, .,o11 - .,t.;-i,
nil''le VI - o"i''i w. i''i'' a. i'''"
ilhe the iliarAet Opche" a' irregular prlces'
Win sales Oh lew lo.s "9 y PEE oi 'iie ne"
e
,oDeI guy eis ioi "''ou"'' 'i.ei' mn ~
'ei"5 u iOi'''0" ~ - u, 81 'Oi iei'
prices anu uoIe - i,'''he any coll
''s7i'H oi'i y" iiCi
hot " "'eoP' Pi-DN' ~" ''''9o D0i"6 P"i' ny
oolhestlo ouS III i''' Wi'iCn were III
above those obtalnaDie IN savannah or
Charleston. little business was done. Later
ou when domestic buvers had temDorarily
,,,li,.i tI;,. ,,-.,,ts in Eyorida focto,s ,.;cll
9UPf..
Ell a httle IN thelr demands, ana buying then
became actiNe an" general anu continue" SO
until the receipts were exhausted Inc crop
Was composer largely oI the De'leF grades
the lower Eraue9' throughout the ehtlre sea-
son, were very scarce anu commanded rela-
lively high. prices.
SeJfe,,,bsr-The rcceints for the month yverc
s,o -. IL, ICES -, IT., - g., ~.
~ "'iS9' 9"iO -'' '''''' i"O guy ms l"i elio
most part was IoT Shipment 10 Liverpool. Inc
offerings were small, and consisted almost en-
tirely Of good to medium fine, and the sales
were at the following quotations:
Carts and common Georgias No stock
Common I lorldas' ..--..-- --.-.---.. No stock
H'o1 F1d r!oIlg"S 'Seai''J' Sc Sc
Medium fine Floridas 37c.
Fine Floridas. ----------- -.-.----- No stock.
Extra hne florldas ..-----.....-.- 40 Stock
OctO5eF.-The receipts were 1886 bales.
sales Si4 bgos In the early mart Of the month
-, =. a =, i ,Io,,,.,,,l On f,,,oier,, a,,oo,,,,t
" a