The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-10-18
COTTON POURING In.
sAvANNAa's FACILITIES EQUAL
10 THH BIG RUSH.

CepsClty q 4SObONO Bales NOW
Loading-Last Weeks Receipts of
10000 Bales Handled Without Din.
Guilty by the Railroads, and. In the
Warehouses and Yards - Cotton
Brought Here and Sold at Top
Prices.
The heavy cotton receipts of the last
week are not worrying Savannah's mer-
chants "Our facilities are expansive
said one Of the largest cotton merchants on
the Bay yesterday. I'VE will have no
difficulty in handling the cotton even if the
receipts continue at the present heavy rate.
| We have or can get all the shipping
facilities needed, and are able to handle all
the cotton the railroads wilr bring here.
We will have no difficulty in disposing Of
it at the market price.
| 1.-THE fact isl continued the merchant.
| "the most of the cotton is paid for before ii
! gets here. Advances were made on a great
deal of 1t last summer, and the drafts for
| cotton coming here always arrive before
the cotton itself. Our cotton is In good de-
mand at the market prices The reason is
that the cotton coming to Savannah this year
classes very high. IL is clean aud In good
| condition and spins well. The spinners over
on the other side are finding this out, and
they have removed the premiums which
| existed upon Texas cotton last year as
against cotton from this section. There was
| great deal of dirty cotton last year that
sold at and cents, while the quotations
| for good cotton were away up. This year
| the grades are close together.
| COTTON BRINGING HIGH PRICES.
''The greater quantity Of the cotton
brought here this year." said the speaker,
has received the top figures Of the market
~ IL
so far will class under middling. The larger
part Of it will class strict middling and
above. From appearances think the re-
ceipts will continue heavy for some time,
and do not anticipate any trouble in dis
posing of it."
Nothing could better illustrate Savau.
neh's ability for handling heavy freights
than the receipt of $4,000 bales of cotton
last week without causing any blockade or
in any way choking or interfering with the
business Of the ports
THE ROADS EQUAL TO THE OCCASION
The railroads found no trouble in haul
ing it here, and in fact there has
been very little complaint of delay
upon their part in handling the cotton this
year. Warehouse and press facilities were
readily furnished for this large amount A
great part of it is already on ship board,
some of it about to leave port.
Ten years ago Savannah could
not have handled so much
cotton in one week. The railroads
would lot have been able to bring it in in
the first place, warehouse and compress ia
cllities could not have been furnished
} it in the next place, and the cotton would
have had to be piled up in the railroad yards
and along the streets. There are plenty of
cotton men still on the Bay who remember
when such was the case. The banking fa-
| cilities of the city would not have been
| n n md fan uaa
Thousands of feet of wharf front have
been added within the last few years, the
b railroad facilities have been immensely in
creased, new and larger warehouses
{ have been built and Savannah has the best
congresses in the south.
@ Banking capital has also been greatly in
o creased and every facility provided for the
handling of immense amounts Of cotton and
4 other products of the south.
t sIxTY-EIGHr VESSELS IN PORT.
, The list of vessels in port published In
: yesterdays MORNING NEWS showed sixty
eight vessels of all classes loading cotton
t naval stores, lumber and other freight.
0 or these twenty are tramp steamships
@ loading cotton, with a total tonnage Of
Q 2o.6lS tons and a carrying capacity OF
e about 120, 600 bales. Five to ten steam
ships will leave the port regularly every
week during the season for the European
. ports with from 5000 to 10000 bales of cot
i ton each.
! This does not include the steamships of
2 the Ocean Steamship Company and the
Merchants and Miners transportation Com
| pany, which together have eight vessels
, a week between Savannah and New York
Boston, Philadelphia and Baltimore These
= vessels carry large quantities of cotton
! though it does not compose the bulk of their
! freight.
With the continued additions to the Ocean
Steamship Company and Savannah, Florida
3 and Western wharves, and the prospective
Q development of Autchinson's Island Savan-
4 nah will have ell the facilities needed for
. increased trade when deem water is obtained
Q and for direct trade to Europe as well.
Charleston, as we'll as Savannah Is happy
Q over her big cotton receipts. This week
q Charleston is only II 900 bales behind her
l. recsipts up to the same time last year, The
q receipts were at one time over 10000 bales
$ behind those of last years, and the differ
/ ence increasing. Charleston's receipts
Q Friday were 1861 bales and for the week
~. 3SS bales, against 81 ,604 bales for the pre-
Il ceding week, and 20. PIP bales for the same
r weak of last year. The receipts will most
q probably continue large for the rest of this
r season, cotton men think, and there is every
d probability of making up the shortage Of
n II, 600 bales.
d The continued heavy cotton receipts
e would appear to prohibit any increase in
the price of the staple. The receipts at
nearly all the other ports, as we'll as Savan-
nah, have been very heavy for the past two
weeks. Yet from the unanimity of the
10 crop reports as to the heavy damage by the
unfavorable fall weather seems to preclude
Q the possibility of another such large crop as
last years aud to justify the general esti-
e mate Of 1900, 900 bale crop. The expla-
nation generally given by the cotton
4 men, and doubtless the true one, is
~ that the farmers who held their
cotton last year when they should
u have sold and thereby lost millions of dol
lars, were so badly burned that they will not
II consider the question of holding back on
any condition. They are rushing their cot
j. ton to market regardless Of price That the
crop is being rapidly marketed is evident.
"a From many points the reports state that
the crop is already nearly all harvested and
= win soon be all marketed A
gentleman who arrived from Bulloca
county last night said that the cotton there
n had been nearly all picked, and that the
farmers seemed determined to rush it to
Y market as fast as possible. He said that the
}. cotton was piled up around the railros
stations awaiting shipment, aud that In
q many instances the agents refused to receipt