The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-09-05

, lively. Holders Of desirable lots ana
| lands in this city feel that they have
investment that will certainly give
them good returns therefore not
great deal of real estate is on the mar
I ket. There are a plenty of would-be
| purchasers. IL lots could be had at
| their figures. but owners have ideas
of their own, and are in no hurry to
sell. 1t is not to be understood. of
| course, that lots are being held at ex-
| orbitant prices. Such is not the case.
| 1t is merely the fact that lands con-
| tinue to enhance in value at such a
rate that people can hardly find any
thing better in which to invest their
money. hence when they have money
| in lands they are pretty generally con-
| tent to let it stay there until a very
attractive offer comes along. The
great Improvements that have been,
| and are being made in all parts of
the city-the splendid new school
| buildings, the new union depot, the
paving of old streets and the opening
of new ones-all have the effect of in
creasing values of desirable lots.
Naval Stores and Lumber.
The past year has not been one of
unailoyed happiness to the naval stores
men; still, they may we'll say, lit might
nave been worse" with very good rea-
son. Early in the season there were
bright prospects, that proved both too
enchanting and too feeting. Soaring
prices led to some indiscretions that
reacted painfully. All of that however,
is set forth at length under its proper
| head. The article is good reading for
those interested, and should afford
many valuable suggestions for the new
season. Especial attention is directed
TO the scientific Investigations under
the auspices of Prof. Herty, who is
seeking improved methods of extraction
and manufacture. 1t is hoped and be-
/ lieved his efforts will be attended with
valuable results and lead to the saw
/ ing of money to turpentine farmers
| and manufacturers. Meantime it is
| pertinent to remark upon the fact that
Savannah remains the first naval stores
| port and market of the world. with no
| immediate prospect of her losing pres
tige in that line. For a number of
years we have heard it said that Sa-
vannahs turpentine territory was
playing out" nevertheless the stuff
continues to come in yearly
by the million and more
packages. A condition that
will have much influence in the mar
ket hereafter is the erecting of several
great turpentine storage tanks here.
These reservoirs are located conven-
from cars as we'll as loading it on
board ship. The full plan and scope
of the scheme--its mechanical as we'll
as financial operation-are set forth
elsewhere. This is the elimination of
scheme that has been in mind for
several years and from which much
benefit to the trade is expected.
Conditions in the lumber business at
the beginning of the year were rather
unsatisfactory, but gradually improved
until at the closing affairs were on a
very pleasing basis. At present the de-
mand for Georgia pine is strong and
| the prices are remunerative. The
| movement in lumber has continued
| large. and with increased facilities for
handling the stuff shipments have
been prompt There is not anywhere
| in the country a port having better
| facilities for loading lumber each Of
the three great railway terminals
| paying special attention to this branch
| of commerce.
Transportation.
The transportation facilities of the
port, both rail and water, were i'm
proved and increased during the year.
Each of the railway systems spent
money literally in betterments to roll
| ing stock, trackage and docks, and the
steamship lines took steps to increase
/
Miners Transportation Company add
ed another ship to its line, and the
Ocean Steamship Company has
bought one ship and is building an
other for its line. Meanwhile there is
a heavy demand for freight room. AT
every sailing each vessel goes out laden
to about its limit. and often IT occurs
that the freight offering is more than
the ships capacity. Passenger traffic.
too, has been large, showing the popu-
| larity of the sea routes between Savan-
nah and the Northern ports. The river
transportation, too, has been developed
more largely than ever before, so that
now there is quite a fleet of light draft
steamboats, plying between this city
! and Augusta. Besides handling local
freights, these craft take interior
freights to and from the ocean steam
ers, thus giving Augusta and the back
country along the river the benefit of
| an all-water route to New York, Phil
adelphia, Baltimore and Boston. To
such gratifying proportions has the
river trade grown that several new
boats have been built to meet the de-
mand for freight and passenger room,
They are safe. fast and worthy craft,
and reflect credit upon their builders
and owners.
Manufacturing.
The increase in manufacturing has
! not been sensational. but steady and
OF a most gratifying character. Sew
elal small enterprises have been start
ed and promise well. OF the large con-
Germs. the Southern Cotton Oil Com
pany has rebuilt its plant. burned some
time ago. upon larger scale, and the
| plant is now at work to it's full ca
pacity. II employs about 500 hands. has
large payroll and transacts a very
heavy annual business. In fertilizer
manufacturing the year was so salts
factory that a number of new mills are
in course of erection or to be erected
at once. Details touching upon this inn
portant matter will be found in another
<column The movement started some
4 months ago 10 induce and foster the es-
tablishing of manufacturing Industries
in and around the city has not been
attended with as fruitful results as
the promoters might have wished. new
ertheless the efforts are being contin-
ued, and another annual review may
have different report to make Late