The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-06
SAVANNAH TRADE YEAR.
Continued from Third Page)


Continued from Third PaseD
business with. There is another reason.
too. why Jess money has gone out from
Savannah FOR crops then heretofore. and
that is because the country banks nave
oeen ia a better position 10 aid the farm
Il than was the case before. Sull the de
nau6s Of t1e country banks upon the city
banks have been small. ana the farmer
has evidently not required the money this
year that be has called Tor III past sea-
sons.
The prospect is that much Of the money
now held uy -hc SaYannah banks VIII De
used In moving tie cotton crop. TIE eN-
pectel low price of cotton may lead TO
good portion OF the crop being held by
the factors for better prices. and it taxes
n Money 90 hold cotton.
Savannah has a banking capital of s.
695 90. with a reserve Of about $4,000 and
as banking Institutions are in the same
solid condition to-day that they have al
ways mainta ned. The year with the
banks has not been an extraordinary one.
IL has been an average years business,
with enough profit 10 pay dividends and
add "a small amount to the surplus but ia
banking circles generally there has been
nothing extraordinary
The stock Of money on hand at the
banks consists of an average proportion
Of all kinds. gold, silver and bills. The
financial issue appears temporarily 10 have
been forgotten, end instead Of thinking
now OF silver. and more silger the farm
er's mind is bent now upon mon
ey and more money for his
crops. During the summer labor in the
country districts has been well ernDloved
and that means a great deal This fact
probably accounts IN part for the increas-
Cd trade of the merchants many Of WHOM,
in their lines and the look for
a contiuuance Of the same sort of business
The clearing bos,ze figures for the year
with their com forbade Increase indicate
a healthy state of business small hank
accounts have been numerous ana tho
people seem to have been somewhat more
frugal
Railroads and all TRANSFORMATION lines
have had an evcentionallv good year In
This the war has aided not little and
despite tine proyerbial summer duIlness
there has been large and continued move
meuts Of commercial ana agricultural
PRODUCTS The earnings of many Of the
railroads and steamship conDanies have
been increased and w;tb them there
seems too 10 have been a season Of gen
eraI prosnerity Savannah's railroads ana
stea netir lines 49, bad saDeoiallv eood
traffic for the summer and a snIendiI
sbou,inor win do.,htIaee he nod. IN tbei,,
TfF al IS a1c
season ahead Of Them for in enite of The
promised low nrice Of cotton there will
h a large croD 10 he moved ana what
ever the price the RECONSIDERATION lines
get tbefr nro rata ont of n
There does NOT annear 10 he anv rush
in getting the cotton croo to market this
wear which is indica tive Of the fact that
tbe farmer Is bopiner for sometime be,
ter. and also that n many instances he
is NOT aDDarently hard messed for cash
II NAV he said that outsidA of the cotton
market the outlook for good financial
season is exceptionaEy bright especiaIly
with the merchants There is going to be
more business as a result Of the war: uDon
this everybody seems agreed lust to what
extent il will benefit Savannah merchants
remains to be, seen. but they win undoub-
tedIv get a share out of it,
There Is plenty of money here now for
all legitimate business. and those who ex-
pect to embark in commercial enterprises
win find no trouble in securing financial
aid. Rates of discount are low and the
banks are anxious to lend. though Of
course, as always, upon good security A
good deal of money wiz doubtless be used
in connection with the naval stores crop.
Though the prices of these products have
been rather low. there has been a good de-
mand, and on the whole both factors and
operators have done we'll A good season
Tor lumber IS expected. Inc teelng OF con-
fidence that prevails, has helped all lines
of business and the cry of hard times"
that is heard now and then, and which Is
attributable more to the close margins on
which business is done nowadays than
anything else, should, according to pre-
dictions, shortly disappear altogether.
The market for securities was very well
maintained during the past year. The
railroads Identified with this port hauled
| their full quota of products and received
! GEORGIA Railroad sbovred its abiIitv 10
hold its own against all opposition and its
| earnings show a greatly increased per-