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


Per Florida steamers ..-...... 9S,061 3-S,67
PerWagons. .................-. l6,2O5 Z5,cO4
Total pounds. ............ s64,9l9 I,sI5,O57
EXPORTS.
Wool. Hides.
Bales. Bales.
To New York. Observation-Disclosures. sos $40
10 Baltimore .-.......... q lS,lg0
To Boston .......- .... $500. ..... 1864 1865
To Philadelphia ............... l57 I52
Per S., +. & W. Ry, .............. 4S ,745
IOGdlS.. ........-.+.-. 0,O45 sUSU
[NoTE.--The above estimates refer only to
local receipts. and not to through shipments
of wool and hides, which are not considered
as properly belonging to this port.l
PROVISIONS.
Owing to snort supply of corn in the West
on account of partial failure of the corn crop
last year the supply of hogs was not so abund-
ant during the year just closed was ex-
pected. Early in the year prices commenced
going up, and continued gradually advance
ing until about June when the effect of the
severe monetary crisis the country going
through showed itself in provisions, and seq
back in prices was the result. Confidence,
however, was soon restored, and from that
time on prices have gradually advanced until
at the close of last month they were higher than
they had been IN two years. On account OF
gradually diminishing supply and a very
heavy demand throughout the whole South, the
prospects are that higher prices viii be the
months, at least until the new crop begins to
come in. say Nov. i.
This city, during the year ending Today, has
done larger business than it ever did in this
branch of trade, and is now looked upon as
one of the largest distributing points OF hog
product in the country. 1t has, indeed, rea-
son to be proud of its provision trade. A few
years ago few dray loads left her depOts
daily; now car after car is daily sent to differ
ent consuming points, and new territory lS
constantly being added to its list of customers.
With a oqOuraDhi cal nOSitiOu uOpQUalp6 for
this purpose, with merchants who know their
business, and who have ample means at their
commaii9, it is not to be wondered at that
Savanns a is the bacon market Of the South.
COFFEE.
A fairly large trade was done in this article,
but at considerable loss to all concerned.
The syndicate which was formed in New York
last February to put up the price found ltse
later on unable TO hold the market up, owing
to the money stringency, and was compelled
to sell before it had accomplished its purpose.
Our merchants were pretty well stocked
high prices, and were compelled to do busi-
ness on declining market. Savannah V1a
at one time the second importing pOrt +outt
of Baltimore, but in the past f,,y wears ha
Dgen c9lnP tbaG 20 yleiu ne second place t.
9 Tbis % 9ouIn9rh % Of less prominence.
Iitb New - compelled 70 Compel
st orleans, Galveston, Chicago and
souls and all the large Western
-, cities, which were formerly large buyers from
this market They have all become importers.
! The above mentioned ports, with the exc ep
/ ton of New Orleans and Galveston, only re-
qulre few days quarantine OF vessel be-
| fore she discharges, which does not enta
| much of a loss on the importer At this p0r
the quarantine delay is very long. 1t is we
| known fact that coffee is brought into tn i
| market from Northern markets that really
have been but three or four days out of tn
ship from Rio Janerio. 1t is very probabl
that direct importatiOns during the summer
season will be abandoned if quarantine regu-
| lations are not modified.
HAY AND GRAIN.
There was q drought during the season O
1888, and consequently the production of hay
| and gram was short, and farmers eff this
| State had to fail back on the West
err m tbjS IoF supplies The country
! not properly covered by Savannah enterprise
and the volume of business therefore was no
as great as in previous years. Our recent q
OF corn and oats for the past year aggregated
| about 100000 bushels, and the receIpte
! of hay apprOximates 10000 bales. The close
| manner in which grain was handled Melted
] but small profits to dealers. The years busi-
ness was, therefore, quite unsatisfactory
| Prices ruled uniformly higher. Nothing wa
! done in exporting grain from this port al
! though feeble effort was made
in that direction the previous sea-
son which. it is said, turned out well.
The outlook for low prices for corn as wen
as Tor other gram was very satisfactory. The
! corn crop OF the country for this year is large
The part OF the crop that is now matured and
out OF all danger from frost, Is as great as
the entire or OPP of last season. The crop of
the southern States is large and exceptionally
fine.
CIGARS AND TOBACCO.
OF all the represen tative branches OF the
commerce of this port, that of cigars and to-
baccO are without doubt the best handled.
1t IS constantly growing both in magnitude
and Importance. 1t is said that the annua
aggregate of sales in this market will aDnroxi..
mate fully three and a half millions of dollars
The business of the year just closed surpassed
all that preceded it in volume. While there
was not so much money in the aggregate the
general results, both as to quantity sold and
profits realized was eminently satisfactory to
all concerned, The reduction in the taxes on
tobacco and cigars caused prices 20
not so much money changed hands
but the amount of sales was larger.
Business was very successful, considering tina
there IS active and sharp competition on
sides. The merchants Of this market me
the competition and held their territory and
even encrOached upon the territory of others.
To do this it was necessary to sell goods on
very small margins, and very often with NO
profits. The object was to secure the trade
ana hold it. A new feature OF the past seasons
trade was that our cigar merchants became
direct importers, the goods coming to the
market in bond, so that the foreign
article was obtained here as cheaply
The outlook for the coming crop OF
tobacco Is very encouraging, and there is
every reason to believe that the leaf
the growing crop of tobacco will be much bet
ter in quality and color. For time there
was considerable tobacco through shipments
from Louisville to the North by way of cur
steamship lines, but for some reasons they
have decreased somewhat.
WOOL.
The average yearly clip of wool in the
United States amounts to about $50, 100000
pounds. OF this amount Georgia's average
production is fully 10000 pounds The pas
years clip for this State viii not be quite so
much The clip, it is estimated, will approx
mate about 100000 pounds. Between $780,
600 and 100000 pounds of it have been mar
keted There are several reasons advanced
for the heavy falling off in the production in
this state. The main reason is the low prices,
The average price for the year was only about
1917 cents-the lowest ever known. OF course,
prices have been low throughout the country,
The real cause Of low prices was oVerpr0-
ductlon, together with the general depression
throughout the country in almost all commodi-
ties. Another cause was the heavy importa-
ton OF foreign woods in the early part Of the
season. When the domestic clip appeared on
the market, manufacturers were loaded up
with the foreign article. The result was
that great many of the heaviest operator
ignored their contracts This market has been
very dull lately, with only nominal feeling.
There appears to be no doubt that wool pro-
duetion in this State is declining on acc0un
of the low prices and the damage inflicted or
sheep by dogs.
HARDWARE.
The aggregate amount of business was
large in this market. The profits were very
small, and considerable losses were sustained
BY the wholesale dealers, owing to the rapid
decline of prices in almost every article pecu-
liar to the trade. Stocks continually depre-
ciated with retailers as well as wholesalers.
There were numerous failures in the interior,
and the trade felt the influences of the strin-
gency of the money market. In fact ii was a
very Improbable year to the entire trade.
Manufacturers were forced to sell their pro
auctions at sacrifice. Overproduction re-
suited in the shutting down of furnaces
throughout the country. There is nothing in
the immediate future which holds out any
hope of an active revival in the trade. It is
thought that later in the year the iron
trade will improve, but it will be very grad
ual, as the experience Of the past two yeax
= 4 L..