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


except the quota lions for January, when
the markets temporarily went to pieces.
An carly recovery was soon experienced,
when rates made strong advance, and
remained steady during the remainder of
the year.
The volume of business was about the
average with previous seasons. Less cot
ton was shipped to New York. but the
shortage was counter-balanced by a larger
trade with Boston. Practically no difficult
~ was experienced in securing tonnage
for cotton, and aside from increased
freight rates, no inconvenience was felt.
The following table will give a fair idea
OF the ruling rates for the season:
Liverpool .43448c per lOO IDS
Hamburg ..................46G 50c " "
Bremen ...............,....45 050c - .
Genoa ...,.............,,...4 10000
Barcelona ..,,...,.........55Q60c y
st. Petersburg ............ 56UbVc
Rovel .......................56 Q60c - - -
The volume Of business in foreign ton
mage was not quite up to that
Of the year before This may
be accounted for, largely on the
ground that fewer sailing vessels have
been chartered recently, for the reason
that owners of foreign vessels are reluc-
tant TO send them out during the cyclone
season. Insurance is very high and many
owners of sailing vessels are carrying their
own insurance, and it is for that reason
that ship owners have been more careful
this season than heretofore Then many
of these vessels have been destroyed dur
ing the past season, and as no new sailing
vessels are building, the trade falls on a
much smaller number than has previous
~ been the case. Rates have remained
steady, having advanced early in the sea-
son, and remained higher than last year
Rates on coastwise steam tonnage shows
a decided increase over last year. with
an added volume of business. Rates on
lumber for instance ruled 81 to $3.50 on the
1,000 feet, higher than last year, with an
Increase In the amount shipped of 100000
feet. While the shipments of cotton seed
oil stands 10000 pounds this year against
1900 pounds INst season; and rosin, 10000
barrels against 10000 barrels for 1898.
Shipment of watermelons has undergone
an increase of 10000 over last year, but
vegetables have fallen off slightly.
No Inconvenience has been experienced
through scarcity of vessels by those choOs-
ing to pay the rates, and judging from the
volume of business, this has been no ma
terial drawback for the season. The Phil
edelphia line of steamships being discon-
tinued last season have not resumed bust
ness, business over this line being done
through Baltimore.
The Boston lire has resumed business,
and all ocean steamships have been ac-
tive
1t is being generally conceded that steam
ships are rapidly taking the place of sail
ing vessels for carrying naval stores to
Europe. Steam is being furnished at
cheaper rate than ever before and the
rale of insurance being much cheaper
than on sailing vessels. they can natural
ly afford 10 take more risks a far cheap
er freisht rate than can the sail ships with
their high rate of insurance. The bust
ness done through steam vessels is much
more certain, and their speed much great
er. That, together with their increased
capacity. which ordinarily enables them
10 carry a cargo five times larger than
The average sailing vessel, naturally gives
them preference which is fast becoming
manifest No new sailing vessels are be-
ing constructed, which Is virtually an ac-
knowledgement of superiority for the
steamship.
Foreign trade has increased over last
season, especially in lumber. turpentjne
ana rosin, all of whose exports have been
unusually large. The present freight rates,
which are unusually high, are due to the
prevailing wave of business prosperity,
Doth in Europe and this country. The de-
mdnd for coastWise tonnage has increased
everywhere, and all available vessels are
IN use, whether in this country or in for
tisb ports. The business outlook for the
future is Indicative of no decline in freight
rates, with even a better prospect for a
steady advance. Vast commercial inter
esis are continually opening up new de-
mauds, and with new fields for traffic for
next season, such as Cuba and Porto
Idco, no apprehension need be felt for
trade in this line for some time to come.
The demand for coastwise sailing vessels
mas been large, and all available ships
nave been kept busy. No Inconvenience
mas been felt through scarcity of these
vessels, however as shippers have expe-
Heneed no difficulty in procuring coast
wise tonnage, provided they were willing
10 pay the rates. Freight trade for the
future bears a gratifying aspect, and
lAere is little doubt that coastwise sailing
vessels will maintain their present volume
o. business, al possibly an increased rates
Of freights
TOTAL TONNAGE FOR THE YEAR.
The following is the number of vessels
arrived at this port during the year end
Ins Aug. 81. 1892 with their rigs. nation
uhty and net tonnage. The number does
not include arrivals at Tybee. but only
IAoss vessels which have actually arrived
d the wharves and have discharged and
'o1ded. 1t does not include river or in