The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-25
IN AND ABOUT THE CITY.
FREE STORAGE ROOM.
The Central Railroads Concessions to
Cotton Factors.


The Central Railroads Concessions to
Cotton Factors.
Two months ago a proposition from the
cotton factors Of Savannah was submitted
20 the Central railroad authorities through
a committee. The factors desired the rail-
road company TO extend them certain privi-
leges which the interior buyers OF free-on-
board cotton enjoyed and which would
enable local dealers TO compete with the in
terror buyers without additional cost to the
factors or their clients.
The factors claims were written up in
the MORNING NEWS at the time the propo-
sttion was made. The matter was under con-
sideration by the railroad company until
week or so ago, when the factors commit
tee and the railroad people held a confer
ence with a view to adjusting the differ
ences between them and settling on an
amicable agreement. The railroad author
tiles manifested desire to aid the cotton
factorage business as much as possible, and
yesterday the matter was settled satisfac-
torily TO all concerned.
The factors have obtained all that they
asked for. The concession by the railroad
company put the cotton factors Of this
market on an equal footing with those of
Galveston, New Orleans, Charleston and
Brunswick, who have enjoyed all the priv
ileges which have Just been conceded to the
Savannah factors Heretofore all free-on-
board cotton shipped over the Central rail-
road to Savannah was held in the company's
custody until the shipper saw fit to order it
on board Of the vessel, which might be q
few days or several months, at the option of
tee shipper, and without any additional
cost to him. The local cotton brought over
the same road had to be drayed to the fac
tors, warehouse, and back again to the
xr~ls. = Lx~at.
drayages, including 5 cents wharf
age, made the cost something
like 80 cents per bale or 1-16 cents per
pound. This additional cost offered an in
ducement to the exporter TO go into the in
terror to purchase his cotton, and save the
IL cents per pound.
Under the new arrangement the factor
Is allowed warehouse room where the cot
ton can be sampled, weighed, and shipped on
the order OF the factor or purchaser, the
same privilege that the interior buyer
has, thereby effecting saving to the factor
in handling the cotton. The railroad COM
pany also allows the exporter the privilege
OF turning down the cotton and examining,
sampling and reweighing it, before it goes
on board the vessel. This privilege was not
had before, and will be the means of
| saving many reclamations for short weights
| and poor grading, which have attended
oAAhSot OfChJ eAiBi14Shb Va AAOO O4 OO6h u
cotton.
The factors are also allowed a rebate for
| loss in weight of interior compressed cotton,
and also a rebate for COMPRISING, which
was not given them before.
In the granting by the railroad company
of the free use of warehouses for the storage
| OF cotton coming over its road
it will be recognized that the cotton will
not begin to cover anything like the total
| local raaafr1%c nd ia 70 rrtn Ha
PEELED to have additional warehouse room,
the same as heretofore.
| The effect of the concessions by the
railroad company will be manifested
| next season, as they will un-
| doubtedly increase the local receipts at
this market. The new arrangement offers
| to the exporter the privilege of buying his
cotton on the spot after examination and he
is then sure Of what he is buying, and be-
| sides the cotton is no dearer than the
interior cotton. He is also better satisfied
in his trading and is not compelled to keep
| up the expense Of buyer in the country,
which has been the custom heretofore
| It was easy sailing for the interior buyer
to fill orders for particular grades when q
| good clean crop was produced, but in the
case of bad crop the system of interior buy
ing sometimes entailed heavy losses on the
| exporters. The arrangement with the rail
road company allows the factor to go into
territory from which he has been shut out
1t will divert cotton at competing points tc
this port, owing to the advantage of hand
ling and delivering, with the saving of Lie.
cents pound. and it leaves no advantage for
the exporter to buy free-on-board cotton.
1t will have the effect Of bringing a great
deal more cotton here, which the railroad
was quick to see.
1t is believed that by this move Savan
nah receipts Of cotton for the coming sea
son will DO much larger than they will b
the present season. The Savannah, Florid,
and Western railway has not thus far mad
any concessions TO the trade, but it i
thought that it will do 80. as it will ais
add to the company's business and will in
| tho local otil