The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-27
TRADES BIG INCREASE.
S., 100000 MORE NAVAL STORES
LAST YEAR THAN IN 1888.


Future Before Savannah.
The annual meeting of the board Of trad
WAS held at O'Clock yesterday Afternoon
AT the board of trade rooms. President
John r. Young submitted his annual re-
port. in connection with the superintend-
ent's report and the reports of the variou.
committees
The meeting was largely attended. The
annual election sill take place next Wednes
DAY. President Young's report is an ex
haustive review of the business of the port
except in cotton, last year, and is given il
full:
To the Members Of the SaUannGt Board OF
Trade:
GENTLEMES-The affairs of your association,
as evidenced by the reports of the several stand
ing committees. TO which your attention Is in
vited, are in fairly prosperous condition. Ire
management of the exchange features seems
to give general satisfaction to members, and is
being improved upon TO meet the requirements
Of trade Your board of directors has under
taken to add to this feature by providing for
official quotations of stocks and bonds, as well
as to provide for a record of daily transactions
and offers to sell and buy in this line of bnsi-
ness. 1t is believed that this feature of our ex-
change can be made valuable to members, and
viii attract attention of dealers in securities
from the surrounding section to our market.
grown to such an extent as 10 demand an eX-
change and your directors have undertaken to
provide such accommodations as are required
With this addition to the subjects over which
the board of trade exercises supervision the list
is complete, embracing all branches of business
except cotton, viz: Naval stores, lumber. rice
groceries, provisions, transportation banking
and stocks and bonds, and as now constituted,
with its history of energetic effort IN develop
ing all the capabilities of our section, your or
gsnization should certainly commend itself to
the great body of our citizens who are equally
interested with US in the growth and influence
of our community.
NAVAL STORES.
The naval stores business done ingthis market
for the fiscal year just closed, shows that
have not only maintained our position the
first naval stores port of the world, but as evil
dencsd by the records of receipts we have in
creased over any previous year in the history of
the trade.
The consumptive demand both foreign and
domestic has been good, and prices in both
spirits turpeutine and roSin uniformly higher
than for the year previous. A carefully pre-
pared comparative statement OF the two years,
business in bulk and values, taken from our
records of receipts and prices, shows the gain to
FOR 1sS99O.
$4,000 casks spirits ................ So, 792 500
900 barrels rosin. 2,O55,O0O
Total. 1884,, 500
FOR 1889.
15S,20S casks Spirits. .............. S3S IA
5S4,42o barrels rosln ..-.-.,.. ....... l,5ls,5i2
Total OBSERVATION-DISCLOSURES. 50, SEQ. $50
Making an increasein spirits of &c, 792 casks in
rosin of 10J55s barrels, and in value of $780,,
000.
The light surplus stocks in the home markets
and good demands from abroad go to show
that the worlds consumption of these prod
ucts has increased with the production
The advance in timber incident upon the
higher market value of its products and the
general exhaustion of the wooded territory
make the danger of over-production of naval
stores less each year, and establish confidence
in the trade that must be gratifying TO manu-
facturers and dealers alike.
The completion of the Savannah and West
ern railroad through the heart of the naval
stores producing section of Georgia will put our
market in Closer communication with the manu-
facturers, furnishing them shorter haul and
easier transportation faci'ities. and as it inter
sacts cross lines that are feeders to other
markets will give us advantageous rates over
western shipments. and help to regain the bust
ness that has sought other outlets.
Our position as q close market to the pine
belt has been strengthened by the completion
of the Alabama Midland, natural feeder TO
our port, which experience proves to be the
cheapest and quickest point OF supply for the
sections developed by that road.
The completion Of new railroads in alliance
with the two great stem systems cen1erine
here-the Central and the Plant-renders ncces.
sary increased yard and warehouse facilities for
handling the great volume Of trade which is
coming in upon us, and your committee on
yards, at the invitation of the railroad Off
cials, has furnished estimates of the probable
increase of business from the new territory now
tributary to Savannah, and otherwise aided in
suggestions as to necessary sheds and other &C
cOmmodations,
GRAIN, GROCERIES AND PROVISIONS.
Trade in grain, groceries and provisions dur
ing the past year has been satisfactory to deal
ers; Our market has kept up with the growth
and development OF the surrounding country,
and shows an Increase in value OF business dur
ing the year of p per cent. Prices on nearly all
the leading articles being lower than for sew
eral years, this percentage Of increase in value
represents an increase in bulk of considerably
more than the percentage named.
This growth, in a line of trade that is open to
so much competition. and durin a period when
the territory we supply has been encroached
upon by other markets over new lines of rail.
roads, demonstrates the strengLh of our posi-
ton as a grocery and provision market, and in
dicates the vast volume of business that must
be done when the new lines of railroads now
under construction are complete. With lines
of steamers connecting us directly With every
important eastern market, and indirectly with
many of the western markets. and with lines OF
railroads radiating in every direction. giving US
a short haul to the best section of several of the
most prosperous southern states, it is not ex-
travagant to predict that Savannah must be-
come the grocery center of the South Atlantic
section.
The bill introduced by the representative Of
inns Guy, IN Ine last legislature, becoming a law
making Undertaking. freight in this state a mis-.
demeanor. tends to protect our merchants
against dishonest methods of dealers and trans
portation companies at competitive points, and
gives assurance of fair competition.
The incoming management, through its com
mittee on transportation, should look carefully
after the enforcement of this law, and see to Il
that an equal basis of measuring freight is
practiced by all roads.
LUMBER.
The weather conditions throughout the wear
being favorable, manufacturers of lumber have
been able to run regularly and turn out fun
yields. Prices have been fair and generally
higher than for the year previous.
Our port receipts for the year are 81 $50 OOO
superficial feet valued at 81 532 O0O against last
years receipts of 7S,l39.000 superficial feet,
valued at S1,1l7,000.
The increase in bulk and higher prices make
the increase in value 1862, 900.
While the mills shipping to Savannah have
cut more than the previous year, our increased
receipts are due largely to gain OF new terri
tory, the products of which have been going 10
ports south of Us, but now attracted to Savan-
nah by her superior marketing and shipping
facilities.
Other lumber-producing sections that now
1ino II inConVenient a0d costly to reach our
market on account of long hauls and transfer
ring shipments from one r0ad to another will be
brought nearer to us by the completion OF the
savannah aad Western, and Will increase our
business IN this line.
Rules for classification and insDection Of linn
Der the same a. those adopted and in force by
your board. have recently been adopted bv
dealers in all rha Yrneira1 fnariyafa tl,;I,