The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-04-29
GEN. ALEXANDER SAYS NO.
The Central Has Not Yet Placed III
$500 900 Loan.

SS,oOO,OOO bOau.
Gen. E. P Alexander, president OF tho
Ce trial railroad, has returned from New
York after an absence of several days. A
MORNING NEWS representative called upon
him TO ilquire as t. o truth of tle report
which was circula ing on Wall street dur
ing the week that the Central has neg tiated
$50 5000 DER CO II. bonds with ths Ger
man banking h u g of Kuln, Loco a. c..
Gen. Alexander said that no sucn loan
has been placed.
Are NJ negotiations pending looking to
placing bonds to build tae Savannah and
Western ne was asked.
Eyes, we are negotiating in several d.
rectlOns, but there is no truth IN the state
ment sent out by telegram 10 the press last
Monday that the bonds mentioned had been
placed
Then you do not expect to build the Sa-
vannah and Yves ern is ear !"
Owe could not expect to build it in a
single summer. | do not want to say the
read will be built until | can give out some
of the contracts, and that will show best
whether we mean to build il or not"
What is new in Central affairs 2"
"A solutely nothing new to note. This
time of the year and during the montA of
May are the duller seasons for southern
roads. No hing is being carried beyond
northern and to early II southern travel.
Alter while the tide of summer travel
will set in and thu melon carrying trade
will begin, and greater activ ty will be re-
sumed on the southern road ="
"Wnat effect are the fast freight vege
table aiIs having on the vegetable ship
ments by stea ner"
"fhe ste mers seen to be getting their
share, and are doing ABOUT as well as last
S,n / "a bpa I'd Of M pnpnl 4iDt Of "a
falling off in freights by steamer. The
vessels are getting all they want
"Wnile in New Y 0rk," Gen. Alexander
sal Il, Il visited the steamer City Of Birm-
ingham. Work on her cabin facilities is
progressing favorab ply, and SIZE will be out
in few days. She will not be put on her
regular schedule until about Ju @ l. as she
will take the tri IS of other vessels that
need to go on the docKs Tor slight repairs.
Work is reported as a tively in progress on
the new steamer building at Chester"
There is general belief that Sava nah is
going to be considerably b hind in It's It.
ton receipts this year aud that the Central
has let the Virginia ports increase their re-
ceipts at the expense of Savannah. What
is your explanation of the shortage?' Gen
Alexander was asked.
Il don't think that Savannah will be be-
hind. Cotton starte of slow, and at one
time Savanna vas $1,000 to 90, 00) bales
short, but this has been reduced think, to
about 900 bales. | thi k this will be
mad up before >tEe close OF thu season.
Others differ with Gen. Alexander in this
view, and show figures to prove that 81 &c
the Terminal Company has got control Of
the Central colt n has been directed to
Newport News, Norfolk AMI West Point on
the Virginia coast, and the Central has no.
bee able to control its ter tory. Tt Is
estimated that while Savannah has thus
far creased her sea island cotton receipts
6,526 bales, she is short of upland A, 364
bales, and Will Charles on is 500 b4l 5
ahead on "A island, she Is snort 81 2 IS Uale5
on upland. The receipts ct Vlrg MA ports
lave an exces3 over last year of 81 U65 bales
within 100 bales If the shortage of oavau-
nah aad Charleston.
With a shortage Of 50 S3S bales here, and
only the months Of May, June, July and
August to co ne in, well inf0r ned CO ton
men saw that it is impossible that the LOST
ground can be recovered, as the receipts for
the four mouths named viii not o1ly have
to BE- equal to the corresponding months
asst year, but IN addition ere would b ave
to be average increase of rec 'ipts of reaClv
10000 bales per month, which would be an
unlehrd of thieg for the COST months of
the sea on. Ga the contra Y the receipts
are falling off, the rec7ip.s of last week
bel g nearly 400 bales short of the CORE
sponding week last year