The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-09-07

and the sections from which it is shipped,
the most part, do but little trading with
Savannah. With naval stores 1t is differ
ent. The bulk of the money peid out for
naval stores returns here in trade, and to
a considerable extent the same is true of
the lumber business. The prospect for the
continued prosperity OF these two indus
tries is very satisfactory. The greatly in
creased prosperity Of the phosphate indus
try in Florida has benefited our trade in
that section, and all the indications are
that the phosphate business will continue
in a fourishing condition for some time to
come"
while Savannah is not dependent upon
cotton for her prosperity, large part of
our trade is done with the cotton growing
sections. Should the cotton planters be
so fortunate as to receive a fair price for
their cotton, the effect would be very ap-
preciable here. From all the information
which I have been able to gather, l am
satisfied that the present crop of cotton
will not be anything like so large as has
been estimated. The present prices are
too low and should there be any further
decrease l am satisfied that it would be
the part of wisdom for the farmers 10
ho-d their cotton for an improvement in
prices When the harvesting has pro-
gressed sufficiently to show that the crop
is not so large as has been estimated,
Notwithstanding the low prices which
have been received for cotton during the
last few years, the farmers and merchants
generally in the territory tributary to Sa-
vannah are undoubtedly in better condi-
ton than they have been for years. The
good condition Of other Industries than
cotton accounts for this in part, but even
from the strictly cotton raising districts
We have few complaints. The volume of
trade has been larger this summer, ac-
counts have been paid more readily, and
there has been more dscounting of bills,
showing that the interior merchants have
more ready money"
zone of the best evidences of general
prosperity is the large increase in bank
deposits as compared with previous years.
This has not been altogether to the ad-
vantage of the banks, as they have found
it more difficult to place money and have
been forced to do business at a lower rate
of interest. The consequence is that while
the banks have done a good business,
their gross profits are not as large as in
former years. This Is largely compensat-
ed for by the fact that the banks have
suffered no losses of Importance. Except
for the reduced profits the condition Of
the banking business is very satisfac-
tory. The banks have all the capital they
need and their condition is unusually
sound, even more so than in former years.
Inc conditions DelnB as L nave stated
concrlded Mayor Myers, 'and with a fair
prospect of their continuance, there is
every reason 10 expect q large and sats-
factory trade. The outlook is a bright
one, and / see no reason why the city
should not reap larger measure of pros
perity during the coming year than dur
ing The one now drawing to a close
though of its results we have no reason
TO complain"
Business has been good this season and
collections have been satisfactory" said
Mr. George w. Tiedeman of George w.
Tledeman & Bro. "CompstItion has, in