The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-01-22
MI CUT STILL LOWER.
COTTON RATES TO COME
8 A. L, ruoM 20 TO 20 CENTS.

80 COTTON RAJ ES
5 A. =, From % TO 20 CENTS.
.;xed Yesterday that the
So'is' ,oord Intends a stiil Further
se'"''. -, in Its Rates From At
heu" -, Athens to Portsmouth.
lam" Leading officials of All
M'f' line. at interest VIII BE Held
the -. in New York to See IL
TINS -,,,ent Cannot Be Reach
q" che Intention of Other Ini-
fuI CO. lines to Meet the New Cut
ti"' .,.,sr5 Air Line has served no
I-s =, intends a stil further reduc-
ter ''' rare of cotton from Atlanta
u'n ,,sns 70 Portsmouth. The Contra
ana a., mas advised yesterday that the
h1''''' ~, 90 from % cents hundred to 20
r''e w. r5;s rate will take effect in two
'eD',, , aavs. as there must be three
o. .ofiee served of an intention to cut
rate .ha+ tho other mi
10, lines viii not meet this further cut
Ia tbev will not make a correspond
I'- ,,,.,on as they did when the Sea-
ins ..a,eed its rate from 40 to % cents.
- me rates stand just as present there
,.fsrantial of cents in favor of
9Th Atlantic ports from Athens and
/ .5.rt, ,erritory This makes the rate
/ ,...,,nab Charleston and Brunswick
,tsrfa and Athens 10 cents, but
,iesrartial viii be only l cent when
s..togrd comes down cents lower on
its rae.
,r,o .irpation is getting to be distress
,,o There will be a meeting of high Of
/ eot.Is Of The lines at interest in New
4 vorL r5is week, and the cotton matter
,.iu come up An official said yesterday
Mat he believes a satisfactory adjustment
! can be reached.
The meet ng will be called to order on
4 TUESDAY. There are other matters other
man that o. cotton rates to come before
4 II and these will be given first attention.
4 II IS expected that the officials will get
a down 10 a consideration of cotton matters
y on Wednesday.
A freight man said to a representative
& of the Morning News yesterday that he
bad heard the Seaboard Air Line had
given notice TO a number of shippers in
8 Atlanta and Athens that it intended to
B make the cut, that that a large
n quantity Of cotton was contracted
for with the understanding that
i; would be carried at the
rate now in effect If this was done and
Il done with the skill and astuteness the
B conception Of the plan shows then the
B seaboard must have arranged for a large
& shipment. Of course, the other lines could
step in with their rates reduced relatively
& the same and share the business that
q would move as result of the cut, but
the Seaboard would carry that for which
Il it had contracted.
Another gentleman high up in railroad
& circles was asked about this report, but
Il he gave it no credence. He said the Sea-
board could not do such a thing under
B the law, and that its officials would hard
s. " take unlawful action to get business.
Railroad men feel a great satisfaction
II In knowing that the reduction has come
Just row, when the cotton movement is
something like two-thirds completed. Had
il been earlier in the season that the Sea-
board began its slashing, there would have
been great deal more anxiety and con-
Germ for the loss of business that may
follow lis action for the 50 per cent. reduc-
Il Ton IN receipts from transportation
E charges.
There is certain confidence that an ad-
Jlstment viii be reached and that matters
VIII De satisfactorily Strengthened out, but
some little time win be required for this
ana III Inc meantime, a great deal of the
residue OF the crop will be sent to the
pofs While the advantage of the rates can
4 te secured
One leading Official said: Il am sorry
10 see the rates cut into in this manner
II "liI benefit nobody but the people who
AdHu'e me cotton. The producers will
gam hothng by it. Not one cent more will
81 10 the farmers. The cotton buyers will
se' 'he money that the railroads will lose
~ having to haul the staple for less thar
4 ue transportation costs. 1t would be fal
gsoel loI the rates to be maintained with
VIC Staoiily they have been. All parties
,o,,.ei would be gamers by it, The
r r,i'oaGS would get more than they dc
-''e mere is an eternal fight on and buy
anu Shippers would derive an advan-
cbon.,. mere would not be this continual
s5 IN the hope of rates being re.
T'7i something definite to count upor
r mouG Always be had, and the situation
w., Vuu remain much clearer. The same is
true Of all rates. +" same *
--.i1is Oh the lines leading to the South
Ia raeuc seaports will watch the situation
4 stui! II the expected settlement of the
t. t cannot be reached in New York
o. uiey una the Seaboard, with its cut OF
Oenys Is getting business that should
4 p,,. thls port there may be a cut
ba,,o 'iloy uon believe it will get it. They
of 10 Hop7S' al all events, that their rate
ch-S cents to Savannah, Brunswick and
6,- oiIes'oh Will continue to bring cotton
,p'.e tle tact that to Portsmouth the
VIII De but l cent more.
4 ba, oi'siHouth and Norfolk undoubtedIv
To-. au advantage. Water rates to The
Sa,.s. iloil Norfolk are cheaper than from
lI''laH' and with the rail differential
Io Il''0a"y removed, it would seem that
lo,.sn Sdh be taken through Norfolk at a
\ Wv. +e' rate to the East than from Savan.
'a''' brunswick and Charleston.
several changes are to be inaugurated
sg 'a' In the Plant System schedules. The
' upon the arrival and departure of
T ''ls at Savannah viii not be many
.. ,''r NO p Will now leave here at ? in
u a. m, as heretofore. and Train
D, go. VIII arrive at $40 a. m. instead OF
So, Inc initial run of the FLORIDA