The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-04
OCEAN FREIGHTs.

: The past season in steam freghts was not
quite so good as its predecessor, and while the
depression was not near SO great as in former
seasons IL was not as satisfactory as some. OF
course there was plenty of freight Offering
from this SIDE while there was a remarkably
large amount of tonnage to carry it, In fact
the supply was at all stages of the season ade
quate for requirements, but the low rates pre-
Valling made lta difficult matter for tramps to
pay dividends The causes which contributed
TO this condition we're particularly the money
depression and the consequent failure of trade
IN several parts of the world, which
threw a considerable number of yes
seIs out OF employment, which were
offered in the cotton trade Vessels
began loading here very early, in fact. earlier
than usual. owing to the eariness Of the crops
and the dearth of cotton on the other side
The season opened at l!3ed the ruling rate
1or Liverpool and Bremen, but soon declined TO
1854. In December a general dullness fol
lowed, caused by the financial troubles in LON
don After the holidays, however, the market
revived and rates went up 10 2-6ld, but again
dropped and fell off, and III sIarch and ADrI
hal touched Nd. In the first part Of the sea
sonCharleston took some little cotton from
this port. owing to the South Carolina railroad
(which was in the hands of q receiver hauling
the cotton at cheaper rates than the railroads
centerfng here would take it. This Of course
.lessened the ocean rate There were a
number OF vessels, however, in Charles
ton On demurraRe before the seaSon vas
well advanced, and several Of her Shipping mer-
chants lost money. The ccastgiss steamers
udu = remarkably Inc year Tor frElyGf4 and
carried % their full capacity FOR The ros1 II the
year, as the cotton crop Was - large zn6 lzsted
30 late - che season. Besi1ies tbs the amount
Of niscsilaneogs srsiZht Ezs very heavy
throughouG she year. especially during the
summer w1en tae sloysraesI II vsterTnslons
was 80 very larzs The a1oVsrgsns coastpise
Of freight is steadily decreasing from year to
year. and sde D15ssa 3gssl1s-4p Company and
the Merchants add Miasrs TRANSPORTATION
Company Save been kersG0f1re compelled TO
adj 90 shesr sests every year Ok two. Il is be
lsgsc gc.5 me e5rs41H ses.sa1 business will be
very ls-rsss for eassEplss frsiz1ts by steamer.
and tlss s1e companies Will be com
pelisd 70 E1crsz&e tasfr tonnage capacity
70 meet tie Nsats x s1i ppers, as whenever q
scarcity Occurs n direct s1ssulsrs exporters are
compelled 70 fail back o. the coestwise vessels.
Besides the local freights there Is expected 70
be a very heavy through traffic, owing to the
alliance Of the Richmoad Terminal system with
the trunk lines of the Gould system. and great
deal of western produce is expected to be
diverted this way. The outlook for the steam
carrying trade is fair. 1t is expected that rates
later on will rule high. owing to the demand for
vessels for grain shipments Charters. how
ever. thus far for early shipments Of cotton are
at about the same rate as for the opening OF
last season Unless the South American trade
improves, however, il is thought
that rates cannot advance materially
The following is the number of foreign
steamers, tonnage and bales Of cotton carried
by them from this port from Sept l. 1890, to
Aug. 81, 1891, and for the previous ten years:
No Baies