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

On some grades the prices ranged 81 5012 90
per thousand lower than the previous year, or
81 90 per thousand lower than was ever before
known. As a consequence numbers or mills
smut down during the last six months, particu-
larry those farrhest OF from the coast. The
high rates OF fr,i1ht allowed that class Of mills
10 run only for short while on western orders,
which tell oil about six months ago ana lett
such mills without a remunerative market.
Upon the whole the mills have not made
money the profit in the business going TO the
mills best organized, aud hence enabled to man
ufacture to the best advantage or most econom-
icaiiy, and TO those with the adv9ntage OF loca-
ton convenient to the shipping port the
margins, however were very close in every
particular, and maze much more SO by reason
OF orders throughout the year running into the
large and difficult sizes, requiring the working
OF onlyifafEe and valuable treeSAand Leaving
larger psscs ntage'of The medium and small
Ffexhts genesAlly ruled bw. At times
tonHaesas as scarce AMI fne.ght rates were ad-
Yanced. But they did not hold. In fact, the
trade suffered no very great hardship for lack
OF tonnage and dealers kept very closely shipped
up throughout the year Indeed, rates OF trans
portation were favorable 10 the business, and it
Is said by some that rates were too low and
tended TO keep lumber where il is in prics.
There were very few new mills started during
t9e year and they were more than Offset by
those DESTROYED
good feature of the years business, how
ever, is that the Industry, all IN all, Jared as
well a. most other industries, iaRd. while the
maputscfprers were compelled TO market their
prodqcts as low pr4ces. there were very few
failures none OF any consequence IN the section
tributary TO this port .-
In many respects the outlook is Frightening
Low prices have taught the Inexperienced, as
well as the experienced mill men, wholesome
lesson. particularly as 10 the value of the
different grades and sizes of lumber, and will
undoubtedly bear fruit in the near future. II is
anticipated that soon as the financial diff
cuitles are arranged in South America the
marked depression will disappear aud our
southern neighbors will come into this country
with heavy demand which would have an
immediate effect in strengthening the mar
keti specially as the belief prevails
that dc idon1estic demani VIII he no less than
usual; Moreover, it Is felt that the enormous
grainlcfaps of the west win rather encourage
increased orders from that direction. Many of
the small nils built in the past two years on
the territory of the newly constructed railroad
lines. and in the midst of timber that had
considerable effect IN demoralizng and depress
ing values, have exhausted the timber in and
around the mills, and in future cutting must
invest in railroad iron and locomotives, as well
as tremroads, the cost OF which must be added
to their management
The folowin ara the evDorts of lumber for
the past twelv n on rs The total exports the
pTeviousye .'eTe III, 800. SIS feet. 1t will be
seen that the past exceeds tho previous season
by $3.50, SOP feet. but there is an enormous in
crease in shingles and decrease in slaves.
Lumber,