The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-12-26
FROM WATER FRONT
CONDITIONS IN LOCAL FOREIGN
FREIGHT MARKET.
GOOD DEMAND FOR ALL ROOM
SEASON so FAR SATISFACTORY
ONE TO THE TRADE.

There Have Been no Wide FIuctua-
lions i'm Rates, which Have Been
Uniformly Maintained at a Mutual
Iy satisfactory Trading Basis.
Don't Want Foreign Ships in
COasting Bqsiness-of Interest to
shippers and Mariners.
So far this season conditions in the
local foreign freight market have con-
tinued uniformly satisfactory to freight
brokers, with few of the depressing
conditions of last season existing The
demand has been good. and engage
ments for all the room offering at sat
isfactory rates have been made all
along.
With the active part of the season
over, which includes the movement of
the cotton crop, no better signs of the
favorable conditions existing among the
shipping people could be desired than
the maintenance of rates around a
fixed basis. The fluctuations have
been comparatively narrow. This is
largely the explanation of the salts
factory conditions, for there were no
efforts to boost the market unduIy, and
the uniform good demand for room,
with the offerings for different ports
well distributed, did not warrant any
material decline.
In view of the fact that conditions
in the foreign freight market have on
the whole been more generally salts
factory to the trade the past season
the true explanation would no doubt
be interesting. AS to what it is some
say one thing and others another.
Bringing the business to a more sys-
temstic basis this season has had
something to do with the orderly offer
ing of freight room, and this has re-
suited from the several regular lines
established between Savannah and
leading ports In the United Kingdom
and on the continent. Shipping agents
were in better position to see ahead
and make their calculations. Exporters
here and in the interior could also cal
culate better by knowing away ahead
of time of proposed sailings. These and
other conditions have contributed to
making the present season even rum
ming as to both rates and the distribu-
ton of offerings for the different
ports.
AT a meeting of the Board of Direc-
tors of the Philadelphia Maritime Ex-
change. the following preamble and
resolutions were unanimously adopted
Whereas. a joint resolution I'll. j.
Res. 23D, to temporarily extend the
privileges of the coasting laws to for
eign steamships carrying coal between
American ports" has been introduced in
the House of Representatives; and
Whereas, at Philadelphia and other
Atlantic coal ports the supply of coast
wise tonnage is in excess of the quantity
of coal arriving at tidewater for coast.
wise, shipment. and consequently YES
sells already chartered cannot obtain
their cargoes without great delay. and
many other vessels seeking employment
cannot obtain charters on account of
the scarcity of coal; and
Whereas, the high coastwise freight
rates now ruling will no doubt fall
when the supply of coal is regular and
sufficient in quantity to give vessels
normal dispatch in loading; therefore,
be 1T and it is hereby
Resolved, That the Philadelphia Mar
thine Exchange respectfully, but most
earnestly, protests against the passage
of the joint resolution.
The schooner Nellie w. Craig bound
from Norfolk for New York with a
cargo OF pig lfOIl, arrived at the O6ld-
ware Breakwater Wednesday in dis
tress, leaking badly, she having struck
a submerged obstruction off Fenwick
Island on Sunday night. The Craig
is believed to have hit the wreck of the
British steamship Brinkburn, which
was abandoned on the shoals four
years ago, and which is yet a menace
to navigation. To keep the Craig affoat
it was necessary to keep four pumps at
work With a wrecking crew on board,
the vessel will be towed to this port.
Capt. G. M. Williams and two men
were killed instantly at Norfolk on
Wednesday on the tug Lizzie Massie.
They were towingA lumber barge from
North. Carolina, when about six miles
from Norfolk the tug blew up and then
sank. The bodies of the three men
were taken to Norfolk.
A special item in London's budget is
the sum of $1,250 year for the study
of the fog and it's remedies.