Savannah morning news. [volume] (Savannah) 1868-1887, 1884-11-07
rHE COTTON EXCHANGE.
The Presidents Annual Report-A Re
view of the Years Events.

The Presidents Annual Report-A Re
view of the Years Events.
The annual meeting Of the state Cotton
Exchange was held last night. President
Duckworth. in his annual report. after
reviewing the membership and financial
condition Of the Exchange, noted the vari-
Jus events Of the year. The continuance
Of tie Committee on Transportation he
urges as a guard over the interests Of the
Exchange and a preyentiveOf unjust dis
examinations By lines competing in ter
riiory rightfully belonging 10 Savannah.
Ihs various facilities provided BY tae
railroads and steamship lines =
foreign and domestic buyers in
the interior he saws have doubtless beea
very detrimental 10 the interests Of fac
tors AMI thereby Savannah as q cotton
market but were only afford
cd when 20 have continued on any other
course would have heen suicidal, and put
the market or a worse footing than il now
i. The building OF cotton COMPRISES IN
The iarZe interior markets oY the Central
Gasiro "a. BE- adds, was for its success in
the battle for business. an imperative
movement. and had il not been for toe
Elishars the receipts at this port thus far
over the Central would have been larger.
and considerable cotton would have been
forwarded here which from these causes
has found other outlets. Ii can be safely
said mat. owing 10 superior railroad, war
house. press aud wharf accommodation.
the handling OF cotton while in transit
through savannah Is done with more
care and less exposure than al any other
port il the United States.
The STABLE and body Of savannah cot
ton. he saws. were pronounced by con-
sumers. not only in this country, but in
Europe. relatively better than that ship
ped from any other port. and has entirely
removed the prejudice that existed
against Savannah cotton owing % tire
prevalence Of sand in the crop Of lsSl-S3.
The receipts have shown q sharp falling
of FROM the previous year, but the reia-
tive decrease was less than al most
other ports, and the position
Of second cotton port, which Gal
weston had taken, was regainet.
This gain is credited 10 the railroads in
their successful competition, and ths re-
coyery OF trade that tue previous year
had been drawn from them By induce
ments offered By rival lines in defiance Of
the agreements entered into when the
railroad pool was organized. The report
u-zes that tbs present Legislature Will s.
modify the Railroad Commission that no
section Of the State will be favored BE-
vond another. At present l. is believed
would naturally seek tais outlet 10 the
markets and ports Of other states.
The report notes the i'm
pr0yements that have been made
al the eastern end Of the city BY the in
crease Of wharf accommodation. and by
the erection OF the United Hydraulic and
TYLER Cotton Press Companies Of num-
Ter OF warehouses connected with the
Savannah. Florida and Western Railway.
should the improvements contemplated
by me Central Railroad in bridging the
Oyeechee canal aud laying their tracks
along tbe river front be cOnsummated.
the facilities thus provided would prove
Of incalculabie benefit 10 property which
has deprecated heavily. and would bene-
1T rot only the wharf and warehouse
owners. but would cheaper and acceleF-
ate transfers Of goods from wharf 70
wharf. 50 as 10 prove of permanent bene-
lit 70 the community. The report alludes
10 the reduction in insurance by the
Southeastern Tariff Association and tle
improvement OF warehouses TO conform u
the standard required by the tariff
association, and by the adoption Of which
lower rates are secured than before.
II also commends the erection Of the iron
range lights in facilitating navigation,
and approves .he action Of the Exchange
in It's expenditures TO provide an exhibit
q. the Worlds Exposition. In reviewing
TIE general condition Of trade other than
cotton. notably the timber and naval
stores interests, the effects of general
staguatiOn are noted. with encouraging
signs OF improvement.