The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-16
NOT IN THE COMBINE.

NOT IN THE COMBINE.
1t seems that neither the Patterson
Downing Company nor the Downing
Company Of Brunswick is TO be inter-
ested in the proposed Consolidated Ma
val Stores Company or the Florida
Naval Stores Export Company. 1t is
true of course that neither of the
Downing companies was put down as a
subscriber to the stock of the new
! concerns, but it is probable that it was
very generally expected by others who
have signified their intention to take
part in the Consolidated and Export
Companies that the Downing COM
panies would merge their interests
with the new concerns. 1t is not
known Of course what effect the de-
cision of the Downing companies to re-
main Independent will have upon the
movement in the direction of CONSOLE
dalton. it may not have any, though
it would only be natural if it should
have considerable influence on pro-
ducers who are expected to take stock
in the Consolidated Company. If we
understand the situation there will be
a business connection between the Con-
solidated Company and the Export
Company and that fact may not be re-
garded with favor by producers.
The Patterson-D Downing Company
has a branch house in this city and it
is probable that it will have one at
Jacksonville or Fernandina, if it hasn't
faa alre. aflx tn 40 81
looking the whole situation over that
company and the Downing Company
have come TO the conclusion that their
interests will be best served by re-
naming independent. 1t would be in
teresting to know their reasons for the
decision which, it is said, they have
reached.
The opinion seems to be strengthen
ing that the diversion of naval stores
receipts from this port isn't going to
be anything like what some of the
alarmest thought it would. For a
long time Savannah has been the lead
ing naval stores market of the world,
and it is a safe prediction that it will
continue to be for long time to come.
There have been publications in the
papers of other ports which have tend
ed to create the impression that Sa-
Vannah was about to lose a very large
share of her navel stores business
Such publications are intended for To-
cal effect, and doubtless are made in
good faith, but they are based upon
incorrect information as to the actual
situation.
OF course, as the pine forests of
Florida are invaded by the naval stores
producers the Florida output of naval
stores will increase and naturally there
will be an increase in the naval stores
receipts at Florida ports. Indeed, for
years their receipts have been steadily
increasing, but this increase has not
disturbed Savannah's position as the
worlds leading naval stores market.
There are reasons why Savannah will
continue to hold that position for a
long time to come, and that is why
large naval stores factors and export
ers at this port are not seriously dis
turbed by a combination of three or
four Florida and two Georgia naval
stores companies. with headquarters in
Jacksonville. The Georgia companies
went into the combine in order to pro-
tect their Florida interests. Their
Georgia and Alabama business, and
doubtless some of their Florida bust
ness, win continue to be handled here.
-s-e-s-
In New York the other day the Siam
csc prince was pointed out to an old
lady. After gazing upon the little yell
low man for a half-minute with much
interest the old lady turned to her
companion and asked earnestly, ''Why,
where is the other one of him?" Since
the visit of the famous Siamese twins
| to this country some years ago, the
word ''Siamese" has had peculiar sig
/ lie