The morning news., 1897-08-15
EXPORT COMPAAN'S SHIPS.
FIRST OF THE NEW LINE WILL
ARRIVE ABOUT SEPT. 10.

President Conner Says ms Many Ships
viii he Chartered na' the Demand
Warrants-Ratevs Hie n, But Not Ex-
nected 10 Eau.Vl Those of Las
Yenr-The Export nnd Import Com
pany's Officers.
Gen. G. ". Sorrel, who ha s been abroad
for several weeks making arrangements
in the leading European ports Tor the
Georgia Import and Export Company
which will begin business mere this fall,
returned to Savannah yesterday. When
seen by a Morning News reporter Gen.
SorreI was disposing of an accumulation
of mail
Mr.. II. NJ. Conner, president Of Abe com
pany, said. however that all arrange
ments had been made for beginning busL
ness. Gen. Sorrei chartered four vessels
while abroad. and Is now arranging for
other charters. The first vessel, MIR. Co
mer said, will arrive here about Sept. Is.
As many vessels win be chartered, he add
ed, as the demand seems to warrant
Mr.. Conner was asked if the unusual de-
mand at present for freight room for
moving the grain crop. on account of the
unpre cedented demand abroad, win not
affect the cotton rates this season. He
replied that it undoubtedly would.
''The rates will be somewhat higher
than would otherwise have been the case
said Mr.. Conner, but the rates from this
port will hardly be as high as they were
last year. 1t seems to be an established
fact that the grain crops Of Russia, Aus
tria, France. Italy and Egypt are very
much short of their usual yield. The bOun-
tiful wheat crop produced in the United
States has been called upon to supply the
demand. There has been heavy buying
for legitimate demand and some specula-
ton and the result has been remarkable
increase in the price Of wheat The buy
ers are naturally anxious to get their grain
delivered as rapidly as possible in order
to take advantage of the good prices.
This has caused a rush for freight room
and vessels are leaving the other aide in
fleets, bound for this country in ballast,
in order to meet this demand. AS this
heavy movement Of the wheat crop prom
ises to continue during the hight of the
cotton season we shall naturally be COM
pellod to pay more for vessels. At the
same time do not anticipate any difficulty
in securing all the vessels that may be
HeeueQ IOf COttOt shipments.
On being asked as to the manner in
which the business of the Georgia Export
and Import Company Will be conducted,
Mr. Conner replied that Gen. SOrrel, as
general manager of the company, would
act as any other ship broker. making rates
on cotton shipments wherever a shipment
is offered. Mr.. Conner expressed the opin-
ion that the new company will result in
bringing a larger amount of cotton to Sa-
vanuah than would otherwise be the case.
y great deal Of cotton went to Norfolk
the early part of last season. he said, be-
cause satisfactory ocean rates could not
be secured from this port. The Central
railway was one of the chief sufferers
from this state of affairs and the shipping
company was estab ablished to prevent a re-
petition of this sort Of thing. Mr. Conner
endeavored to prevail upon the other rail-
roads centerlng here to enter into the plan
with the Central. but for various reasons
they declined.
The Georgia Export and Import Com
pany has elected the following officers:
President-H, NJ. Conner.
Vice Presldent-J. NJ Egan
Treasurer-T. M. Cunningham.
Secretary-C. G.. Anderson.
General Manager-G. NJ. SorreI.
Drectors-H NJ. Conner J. NJ. sfgan,
John Flannery, T. NJ. Cunningham ana w.
G. Askew. The subscribed capital Of thu
company is 500 600.