The Savannah morning news., 1902-09-15
MARINE INTELLIGENCE.
orICK DEPARTURE OF s. S. FED
ERICA AFTER LOADING.

AFTER Finishing Taking on DeckIoad
of yellow Pine Lumber at Sea-
noard Pier She Proceeds to the
uicht-Steamboat Two States Ar
rives With Cotton From Above.
German shipping Interests--Mat-
trrs of Interest to Slippers and
Mariners.
The Austrian steamship Federico
enished loading late yesterday after
noon and proceeded to the blight, from
which she will probably sail to-day.
No time was lost in starting the Fed
erica after the last piece of yellow
nine lumber, which she took as deck
load, was put aboard. The ship was
not even delayed to lash the lumber,
as this will be done on the way down
and while she is waiting in the blight
The time made in getting the last CT
the cargo aboard and the promptness
in proceeding out is an illustration of
the Importance of getting a vessel to
sea at the earliest possible moment
and the extreme efforts made by the
steamship people to do this.
About the time the cargo was got
aboard a tug was signaled and con-
nected her lines, so that when the last
of the cargo went aboard the Federico
was promptly pulled into the channel
and proceeded. Strachan & Co. are
agents. for the steamer.
The steamboat Two States arrived
Yesterday afternoon from Stoney Bluff
and up-river points with a large load
of cotton. Her bow was loaded with
cotton piled to the roof of the upper
deck and in other parts of the boat
cotton was closely packed. 1t was the
biggest load the Two States has
brought to Savannah in some time, and
is the record load for her this season.
The boat also brought spirits of tur-
pentine and other freight.
At the foot of Abercorn street a
force of hands were engaged yesterday
discharging sand from flats This sand
comes from points above the city
where dredges discharge it as they re-
move it from the channel. 1t is used
in city work.
The prospects of the leading shipping
lines at Hamburg for the. current
financial year, including the Hamburg
can, the Cosmos, the German Austral-
ian, the German East African and the
Levant companies, are discussed in
lengthy communication addressed to
the Frankfurter Zeitung by a CORE
spondent at Hamburg.
1t appears that the year, of which
two-thirds have now passed away, can
not be regarded in any way favorable
to the companies, as was recently
pointed out in the report of the asso-
citation of Hamburg shipping COM
panieS The general depression, eX-
cessive shipbuildng in earlier days
and the diminution of cargoes have
kept freights from 80 per cent. to 40
per cent. lower than those prevailing
during the high period of prosperity,
and which continued until the begin
ming of last year. 1t is, of course,
possible that the definite results may
be Influenced during the ensuing four
months by unforeseen circumstances,
but there can scarcely be any surprise
either in one direction or the other
with the continuation of normal con-
ditions. The German lines close their
financial year with the last round
journey which terminates before the
actual end of the year In most cases
this last journey takes places this week
or next week, and the profit realized
from the pending journeys tobe sub
sequently accomplished is carried for
ward to the next years accounts. Thus
the directors and the persons closely
associated with them have perhaps al
ready formed their opinion respecting
the results of the year.
The correspondent then proceeds to
discuss the position of the before men,
toned companies in detail, and the an
ticipated results may be summarized
by stating that they are on the whole
not of a favorable character.