The Savannah morning news., 1900-11-09
SAVANNAH COTTON EXCHANGE.
NrY-EIGHTH ANIMAL MEETING
mines coon sHOwINGs.

r,. ucports Of the Standing Com
,,rrs show That the Operation,
The Year We're Satisfactory
r-..tdrnt shenrson Relieves the
t,,,urr Of the Port Bright one
a.. Commends the Efforts BeInG
,,1r for Deeper water-Hcport.
.,,ving the Movement Of the Cot
,.n crop. and Other Statistics.
.a.aty-gishth annual meeting Of
g., savannah cotton Exchange was held
..y afternoon. and was well attend
Numbers There were no matter,
~ s.al interest brought before The
ana for this reason 8, ga rot
The feature WAS tho excellent
made by the various sianaiue
.cs which reflect commcndabl,
,r e.. psosresslycness IN tho years
Jon. shearson called the meeting
Is .r afsr which the reports OF ,he
,ammittces were read by Score
"a N,r-ihow. These Fere followed by
g. Iaary's report. The nual repor,
o. nas that Of President shearson.
wi follows.
ue Members OF the Savannah Cot
tor Exchange Gentemcn: You have
her read the reports Of the various
standing committees and Of the superin-
ter .ol Of this exchange Thee reports
orr 81 comprehensivo and explicit that
ta.s lelre practically nothing to be ad-
del y explained.
}sI Win note from the finance com
mtt budget that although Il IS pro
posel Goo incur considerable additional ex-
pen account OF increased tclegraphic
fer which has been deemed necessary
aa- a.-e Tor contemplated repa!.s 20 che
hu Iae. the assessment viii not be rails
co.
'Tram the supsriHtendonts report IL Is
grItgIng 20 learn that with the excep-
ton q one other Savannah was the only
part % the country whose percentage Of
ree. nte 10 the total crop showed an in
crease os compared with the previous
year our actual receipts showed de
crease u less than 1000 bales. which IA
view ~ decrease IN the total yield OF
10000 bales should prove that our mer-
chants have not been sleeping on their
rights but have taken advantage OF every
opportunity offered.
Il trust that the work Of the commission
now going en- may lead TO some definite
results in the way OF increased depfh Of
water ln our harbor aud do not doubt
thot II Savannah's just claims are recog
n.zed. such will Doe the case
our supply OF ocean tonnage during
the past year has always been fully equal
90 requirements, perhaps little in excess
sometimes, 80 that rates OF freight have
H.Ha .raN
other ports"
President Shearson has reason FOR feb
Ing satisfied with thc forward stgiees
which have been made during his al-
ministration by an eXpansiou Of tie cot
ton trade Al indications combine IN
pointing 60 continued erlareems MT %
the business OF the port No better evil
denee Of this Is desired than the coming
and locating here Of rerreseutatNcs u
large cotton buyers who We're attractei
by the many advantage Savannah offers
us the lsading cotton market OF the east
ern South
.'WhHe che belief has been expressed
that the next ten years VIII witness a
great reduction In our receipt- OF cotton. 20
sald Alr Shearson. 81 DO not believe this
will come true on the contrary i 3oOk
FOR a steady increase in our receipts, and
Aase this on the advantages which
savannah offers Tor the handling
cotton The small decrease IN she re-
pts last season as compared with the
20 OF the cotton crop thar year shows
The recognition Savannah got throughout
,ec Interior. and furmshts ground for the
lief that fhere viii Doe no material re-
ticiion OF business in favor OF our com
EDITORS Much Of the cotton received
rom now territory LAST year came from
Memphis. and tho fact tha' fully equal or
more inviting conditions prevail this year
aarrants the belief that shipments from
.Hat territory viii continue 60 DE forward
through this port
There seems go Doe no reason Tor be-
Helng that tho comm sslon now at work
u obtain appropriations for deeper water
rf noe succeed" Mr. Shclrson said.
Deeper water will add greatly 60 the Ia
Of .les Of the port. Should the move
mont not be successful just now, how
,sr much may be accomplished by a
rs. rough maintenance Of our present
s.. IN 81 water. which accommodates all
ar.inarv sized vessels The more recent
u .hods Of designing large ocean carriers
aims az the lightest draughi possible, and
ps'h this policy carried out in shipbuiiding
g VIII not be surprising 20 see vessels
FRYING 1000 bales OF cotton and draw
N- twcnty-four feet Of water or less. We
have had the forerunners 81 vessels OF
81 class IN port this season. and may eX-
reef to see more pronounced types later
or The advantages 20 be gained by light
t-saght vessels are obvious. among them
iI0g material reductions IN towage and
G. ofare
Much has been said Of late about ad-
H4ntages Il ia claimed New orleans has
o.ar Savannah IN the forwardln OF cot
t1u but there does not appear TO be any
rge1n Tor our trade 10 fear any set
back 10 local business on this account q"
f.a Mr. Shoason. THE restrictions that
o.sHc.atous there have Imposed on the for
wording Of cotton through New Orleans
ns enlarged Savannah's receipts n any
'rs and may be- expected 20 continue
T. DO 80 as long as they exist. Provisions
.Hst enc signing % bills 81 lad.ng be
the entire cargo IS aboard and
rad charges incident 10 the entering
- clearing 81 vessels are not calculated
s.t" that or any other pore any great
NA' i0re over Savannah"
raneriutcudent j H. Merr how submit
~ Ht annual report giving IN statistical
'.I tho operations Of the Exchange and
" movement OF the cotton crop during
t.s yelr
receipts for the year were 1901
l.r', being smallcr in tho gross than
% tho previous year hy Q $40 h7ios.
per cent Tho net receipts. 0ss 81
have been smaller than those % che
us year by i0s03 bales. or IS per
ma constituting ii.51 per c.nt q
|.fun nfnIuef IL rr= .tHus