The Savannah morning news., 1902-10-28
MEANS MORE COTTON
SAVANNAH EXCHANGE WINS THE
CONCESSION IN RATES.
CARRIERS GRANT REQUEST
AND GIVE THE PORT BENEFIT OF
THROUGH RATES.

OF the senboard Informed II.
Weber of the Concession Yes
terday-It Gives the Cotton
Men All They Sought Trans
pOrtatiOn Lines Made the COnces-
sion in the Hope and Expectation
That There Would BE COmpensn-
1iOn in the Added Business-The
Concession Is Made for This Sea-
sOn-NOt known What VIII BE
Done Next.
The efforts of the Transportation
Committee of the Savannah Cotton
Exchange to have rates on cotton from
Savannah equalized with those from
the interior to the East has resulted
favorably. The discriminative rates
which have been in force for some
time are to be lowered. 50 that cotton
can be handled from this port upon the
same basis that it can from any in
terror point.
Vice President and Traffic Manager
w. A. Winburn of the Central of
Georgia Railway, and Assistant General
Freight Agent L. E. Chaloner of the
Seaboard Air Line Railway advised the
Transportation Committee of the Cot
ton Exchange yesterday that at a
meeting of the representatives of the
lines at Richmond interested, on Satur-
day, the Savannah complaints We're
considered and it was decided to lower
the rate so that cotton may be handled
as advantageously through Savannah
as it can from any interior point. The
Richmond meeting was held for the
specific purpose of considering the Sa-
Vannah complaint.
VIII Help savannah.
The effect will be a great help to fac
tors, exporters, brokers and all other
handlers of cotton in Savannah. who
have previously been at a disadvantage
owing to the lower freight rates to be
had from the interior. The local trade
could operate to better advantage from
the interior than from here under the
old rates The interior through rate.
for instance, was the rail rate to Sa-
vannah, plus IS cents by the coastwise
line to New York. When the cotton
was shipped to Savannah on consign-
ment, on the other hand, the
rail rate was increased by
% cents, the ocean rate to
New York, when the cotton was ship
ped with that port as its destination.
Substitution Allowed.
The privilege of substitution will be
allowed the local trade. This is what
the New York cotton trade fought so
hard for recently, and finally gained,
much to the safety of their New Eng
land mill trade which was threatened
under the preViousl.' existing conditions.
The privilege of substitution means
that, on through shipments of cotton
from the interior grades may be re-
moved from the shipment here and
others substituted and the lot go
through on the same bill of lading. At
times the trade find particular grades
more in demand than others, and with
the privilege of substitution lots with
undesirable grades may be greatly
enhanced in value by substituting
other grades in greater demand.
Could Not Re RehandIed.
Under the old arrangement the cot
ton could not be rehandled in Savan-
nah in any way. The carriers would
not allow any alterations in marks.
substitutions or other privileges. The
liberal spirit shown by the carriers in
the concessions made is a source of
much satisfaction to the trade, who
appreciate the removal of very trouble
some drawbacks to their business. 1t
is predicted that the effect win be the
more extensive local handling of cot
ton. The spot market will be benefited
by the demand at intervals for cotton
to substitute for undesirable grades in
lots in transit.
WInburn Discusses the Concession.
1.-THE concession made by the rail
and steamship lines" said Mr.. Win
burn to a representative of the Morn
49, -Arz
remain in force throughout this season.
What will be done next season cannot
be foretold. We believe the change
will operate to the advantage of the
Savannah shippers, and II should have
the effect of increasing the amount of
business done by the shippers. If they
do not increase their business, but
merely pocket the difference in
rates, the transportation lines
will be the losers. The hope
of the lines is that business will
increase. for in such an increase lies
their hope for compensation for the
concession.
What is commonly known as the
concentrating privilege is extended
the Savannah shippers. They have
the privilege now of shipping to Sa-
vannah from interior points and here
remarking and substituting. Remarked
or substituted cotton can then be
shipped to the North from Savannah
at the through rate from the original
point. This privilege applies on ship
ments from points throughout Georgia
and Alabama and certain Tennessee
and South Carolina points.
More Than They Asked for.
This was the main transportation
question of the season. Its settlement
is satisfactory to the cotton men. They
wanted the rate from Savannah reduc-
ed, but they get more than they asked
for, only in a different way This is
: done by giving them the benefit of the
through rates and the through bills of
lading. They are given every privi-
lege they could desire.
THE question of rates to the North
Carolina mills was not passed upon.
The North Carolina lines will take that
up. That, however, is of minor con-
sequence, for the Carolina mills VIII
find all the cotton they will need for
some time right around them. 1t is
improbable that they would have to
reach out as far as Savannah for cot
ton." -
How the Concession Operates.
Mr.. Winburn was asked for an illus
tration of the benefit that will accrue
TO Savannah buyers from the conces-
sion. He said that the through rate
from Tennille, for instance, to New
York is 5012 cents. A saving of 8
cents will be represented, therefore by
extending the through rate privilege TO
nT hoe