Savannah morning news. [volume] (Savannah) 1868-1887, 1884-09-01

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when the new crop commenced to arrive;
| The heavy stocks everywhere and the general
depression of business proved burdens too
| heavy to be lifted, and all through the season
prices have kept down, ruling as follows:
April. ISL to Bic. July ...... 81 to 3l15c.
| May ......... % to 3Oc. August. IS to 29c.
| June. ......... q to 29c.
The market closed with a frmer feeling ex-
hibited by consumers and spectators, induced
| by greater falling off in receipts and the dis
| counting of a smaller business in the future,
| occasiOned by the failure of many manufac-
turers and their inability to continue work.
Rostns.-The market opened Sept. !, 1888, at
the following prices window glass So l2l2, n
81 So NJ 81 Is, X 81 rs, 81 so, II 81 As, G 81 30,
K 81 ~, e 81 Is.
The general course of the market for com
mon grades was down, good strained gradu-
ally dropping from 81 Is to 81 1715 in Febru-
airy, when it rallied to 81 Is in March, and
then continued to decline to 81 in June, since
which time it has ruled about steady at 81 O5,
closing at that figure, with a firmer feeling,
and that price bid for the near months.
Pale grades have sensibly advanced during
the year-W. G. opening at $3 1213, and sell
ing from that price to So so until spring,
when it advanced to 81 % lin April, declined
to So 62Is, and advanced again to 81 1917, at
which the market closes officially, although
the light stock in factors hands is generally
held higher, in view OF the fact that the crop
has been practically marketed, and the out
look for small crop next season.
LUMBER AND TIMBER.
During the past year the large mills in this
vicinity and throughout South Georgia have
been kept steadily at work. A considerable
number of smaller mills were shut down,
owing to the low prices and lack of transporta-
ton facilities. The large mills were run at
small profit. The volume Of business in the
aggregate was not up to a reasonable aver
age. The prices, caused by over production,
were much lower than for previous seasons.
For instance, some large contracts were made
at $l2 per M feet, others at $l3 80, and still
fNunV4G OF hot n fnfv
that $l3 was about the average price for the
year. The loss in prices was to some extent
equalized by the very material reduction in
the rates of freight which the
early in the season. This resulted in keeping
the trade on paying basis; otherwise there
would have been small balance on the wrong
side of the ledger. Those IN the business used
all means to stop leaks, and as the business is
now conducted great saving is effected in
time, labor and machinery. Business is done
the trade is the continued decrease in the vol
ume of exports from this port annually, and
during the year just closed the decrease is
greater tnan ever before. The business at
Brunswick increased. and is increasing, at the
expense of Savannah. The reason is this: 1t
is well known fact that the bulk of
the lumber shipments from Brunswick
are made by the lumber merchants of
Savannah, This is brought about in
this way: The rates of freights are cheaper
by the East Tennessee, Virginia and Georgia
RAILROAD imam b06y are by inc savannah,
Florida and Western Railway Company. On
that account fully SO per cent. of the lumber
exports which legitImately belong to this port
go through Brunswick. The rate per car via
Savannah, Florida and Western Railway
Company to this port from the mills in the
interior is Sl2 60, and via the East Tennessee,
Virginia and Georgia Railroad SO 40 for the
same distance, a difference Of SO 20 in favor of
Brunswick. If this state of affairs continues
it is plain to be seen our lumber trade,
which was heretofore second only to cotton,
Will be lost. This difference in freight rates
accounts for the very large amount of tom
mage, both foreign and cOastwise, which
arrived at this port with inward cargOes
lumber merchants here claim that they
would prefer to ship from this point, but can
not as long as the freight rate is against it.
The outlook for the lumber trade is very
ton Of stock previously in Northern markets
has about become exhausted, and an active
demand has sprung up, while the building in
terests all over the country are fairly active,
as well as the demand for foreign account. 1t
is thought that very material advance in
prices will soon take place.
TIMBER.
The same influences which affected lumber
applied also to timber. Our foreign exports
aud coastwise trade fell Off considerably.
This is attributed to the difficulty in getting
timber to this point. The few cargoes which
were exported yielded fair profits. At GER
tain portions Of the seasons prices ruled very
low. This was caused by over production.
The season was rather backward, and IL was
only from November to March that the nigh
est prices were reached; later on they de-
clined. The trade as a whole was quite sat
isfactory to both the exporter and cutter.
The main cause for the great dizziness for most
of the season was from over production. Our
merchants have exported quite quantity Of
timber through the ports OF Port ROYAL,
Brunswick and Darien.