The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-02-13
pErrER FACILITIES WANTED.
cotton Exporters and Factors Ask
the Central for New Facilities.

cotton Exporters and Factors Ask
the Central for New Facilities.
The recent petitions OF the cotton factors
and exporters to the Central railroad to
ouot 70 each factor receiving cotton on con-
comment space near the OCEAN Steamship
Comnanv's wharf or warehouse room, with
che privileges of resampling, shipping aud
'IaIiyering the cotton free of expense. and
10 away with the old cotton yards on
ITest Broad street, from which the factors
,,ava heretofore been compelled to dray
+rair cotton, at considerable expense, ID
+beir warehouses Immediately on the dis
obarce of the cotton from the cars, and to
The exporter the privilege of resampling
cotton along side of the ships, are sUill in
abeyance.
4 conference between the committees of
Ivnorters and factors and Gen. Alexander.
-ras held some time ago. AT this confer
ence Terminal Superintendent B. J. Cub
Ssdge was called in and the matter
was thoroughly discussed. Gen. Alex
onder stated that it was the intention of the
,ailroad company to do away with the yards
on West Broad street and to remove the su-
nerintendeucy of the railroad to Macon.
He said if he found it expedient the cost of
Such an arrangement as the factors and
evporters proposed would be no consid-
eration. but that it would be made
Sinca then the matter has been in the
hands of Mr.. Cubbedge and no further
action has been taken. 1t is urged that if
the request of the factors is granted it will
increase the business of the factors as we'll
as the total cotton receipts of the port
Factors will then be able to handle their
cotton as cheaply. if not cheaper, than it
can be handled at any other port
The petitions we're the result of a new de-
narture in the handling of free-on-board cot
ton which was inaugurated last September,
bv which the exporter was saved consider
able time and trouble. As soon as he received
his order all he had to do was to go to the
factor and give his order for the cot
ton. the grade of which was guar
anteed by the seller. Tho exporter
had nothing more to do except to notify his
client and await the delivery on the other
side In the early part of the season when
there was a great scarcity of and an ALSO
lutte necessity for cotton the plan worked
smoothly and satisfactorily, but later on
some dissatisfaction resulted from the re-
CARNATIONS which came from English
buyers The exporters contracted with the
factor to fill the orders, and the latter relied
on the interior buyer to purchase the cotton
and fulfill requirements with respect to
grade and weight, This system was
adopted by quite number of
factors and some of them increased their
sales largely while other factors who stuck
20 the old way OF selling on sight from their
sample tables, suffered correspondinglv by
q decrease in the number of bales handled.
and consequently a loss in the aggregate of
their business, owing to the very heavy
amount of cotton absorbed by interior
buyers for the free-on-board trade
The interior buyers had several advant-
ages over the local dealers in the facili-
ties afforded by tie railroads, which made
it a difficult matter to compete with free
on board traffic. The interior buyers for
export account had the privileges of COM
pressing, warehousing and delivery on
BOARD of the ship free Of charge, the cotton
remaining in the custody of the railway
company for any length of time at the wish
of the shipper, without expense to him.
The reclamations, however, changed matters
and made it more desirable for the export
ers to sample the cotton before its ship
rlent. This was one privilege which they
lid not enjoy, and don't now. A meeting
was held and they petitioned the Central
railroad to grant them the privilege of re-
samplng free-on-board cotton alongside of
the ship. This matter was taken under con-
sideration by the railroad company, and no
answer has yet been given.
The factors, to prevent the loss of their
business which was slipping away from
them by reason of the expenses they were
under and the advantages and privileges
enjoyed by the interior buyer, appointed a
committee to petition the railroad to grant
them all the privileges afforded the interior
buyers and exporters, and that is the way
the matter stands now.