Savannah morning news. [volume] (Savannah) 1868-1887, 1885-04-11
WAR EFFECTS ON TRADE.
BUSINESS MEN DISCUSS THE
EASTERN QUESTION.


The difficulties between England and
Russia are naturally watched With great
interest In commercial circles. The
chances Of war and the effect of such an
event upon the mark IS were the chief
topics discussed among business men in
savannah yesterday. Cableerams from
London, giving news of the situation,
were eagerly looked for at the newspaper
Offices, and the bulletins at the Exchanges
were closely watched.
The mere rumOr that war would be de-
cIared was enough to start the provision
market on a boom. On Thursday there
was a rapid advance in grains and cereal
products. The situation WIS "A little
uuieter yesterday, and there was not so
much excitement, but it was everywhere
admitted mat m event OF war being de-
clared. England being cut OF from the
wheat supply of Russia and probably from
India as we'll would have to buy more
from the United States. and the exports
Of this country would be improved. The
feeling was general that in event OF a war
the American trade would be at least
temporarily benefited. The West With
its vast grain production and the North
ing Industries would be bene-
flied materially. but the
South being wholly an exporting country,
with limited grain production, would
receive no appreciate benefit 40 all. II
woud rather suffer by the languishing Of
its export trade.
The cotton market, which suffered a
decline of ~. on Thursday, was steadier
Yesterday. and a better feeling prevailed.
o. 10 81 q 4
tributcd, and with the domestic supply on
hsDd less than that Of a wear AFRO, the
trade ia lees liable % be effected by the
clash between the two nations than IT
would have been two months or even one
month ago before the shipping 81 9s0n
closed Russia. with her vast cot
ron consumption is supplied.
The English market is filled,
and except the duration of the war covers
the next season the cotton trade will not
Materially suffer. The effect Of a wan
between ENGLAND and Russia will be the
closing Of an the Russian and, possibly,
the Mediterranean ports, and should they
rer ain closed during the season of the
next creep. the ell ct upon the trade would
he disastrous in the extreme This is the
general opinion OF leading merchants.
England" remarked prominent BUSH
ness man last night, exports cotton
Goods in large quantities to all parts of
tea world. We NAV be able to get some
{ this trade. as a struggle such as that
tween two powers like England and
RGssia must be. would cripple her manu-
'sct''res. From a purely business stand
eciut. speaking without regard 10 any
iRgle locality, this country has nothing
@ lose"
The new cotton crop is now being
"A ted and with vet no estimate OF the
Ieasrd acreage, there is every indice-
0H that, wi a good season, the yield
II be greater even than IT, WAS two
cars ago. ain view Of this" said lead
aE merchant. ''the foreign war question
ere which oush t to convey 10 tho plan
r n de"p m aning. The teud0 rcv Of
asoy rlapters said he, sis ard he's been
OF a long time to strain their credit and
plant as large an acreave as possible,
oking faT a return in the yield, and ~
ire same time. with an improvdent
'ufhtl"ssue@s. planting a small grain
rcp and raislng barely enough pro-
rsinua 10 carry them throu rh. depending
tlfegether upon the season and reivng
ron the IN trktts i'm event OF 4 short Weld.
At this time. rith the prospect ~ . war
ol9siRg the ports Of one of the rreetest
cotton importing cnurtrips in tive world.
and permanent decline no the market.
the planters should bv all means
protect himself against the di4astr0uS
results which ma follow. In doing SO 10
pisnt rs large mn acreage as possible
without strainfng bis credit and 20 pro-
v'ds for larger prov- sion crop, RELYING
less upon the season and he markets is
rule that under any circumstances is a
safe one, and which 10 this time is pre-
sutton that cannot safely be disre-
v3rdpd'
Inquiry among the leading naval stores
merchants Jailed 90 discover any change
In the market due 10 the An 10 Russian
trouble. Only the lowest grades Of rosin
are shipped to Russia. ana the shipping
season Is already closed. The finer
grades m ro4ln and spirits are shipped 10
london, which Is the great distributing
point for spirits 10 the world The four
leading European ports to which naval
stores are shipped are London. Glasgow.
Hamburg and Antwerp. None of these
ports are likely 10 he closed. and
hence, said a leading dealer. foreign ship
ments will not be materially affected.
The stimulation Of manufactures In his
country Will cell fer a greater domestic
supply, and instead OF being materially
injured the rosin trade will naturally be-
benefited. This opinion is not shared bv
al dealers. Some hold that the trade
will be broken into, and the market Will
suffer-
The lumber men look fora marked bene-
o. TO the lumber trade AS one of the re-
suits OF war. The closing Of the Baltic
would, they claim, create a gre atty in
creased demand for American lumber
Another leading COS ON m reliant aaid
the hrst effect Of war in Furope would
be 10 dcpress cotton In this country bv
diminishing our expectations. .'tf Eng
land we're 20 60 90 war; said he cher
manufacturing INDUSTRIES would hn GRIN
pied and she would need ltss ot our c9t-