The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-11
MILLION AND A HALF
INCREASE IN BANK CLEARINGs
LAST WEEK OVER 1902.
WEEKS CLEARINGS S6,299,643
BRIGHT TRADE OUTLOOK IN ALL
DIRECTIONS.

cotton Higher Than Last Year by
over Cents a Pound, Turpentine
Moving Upward, All Grades of
Resins Higher, Manufac turers
Busy and Merchants Sending Out
Big shipments-This Means Times
Are Not Out of Joint.
Savannah can lay just claim that
the times are not out of joint" here.
IN view of the glowing accounts of
trade conditions from all sources. and
ness eye can reach no prospect of
change for the worse appears. On the
contrary the outlook favors continued
good trade conditions. and business
outlook as bright as the most optimis-
tic desire.
No one thing emphasizes more the
good effects Of trade now than it's wide
distribution, and the general benefits
it bestows. Glowing accounts come
from every line. with the merchant,
iobber, broker, factor. and all sharing
equally in the good that comes from
the prosperous times such as Savan-
nah is now having.
Bank Clearings Big jump.
The statement of bank clearings
which appeared in the Morning News
commercial columns yesterday may be
pointed to as the proof of the pud-
ding. If any doubt the prevalence of
sound business conditions and have vet
failed to feel any beneficial effects. The
increase for the week over the CORE
spending week in 1902 was 81, 566 901,
with the total clearings for the week
S289, 643, against $4.722,742 last year.
This is among the best statements the
clearing house has made for some time,
and shows beyond doubt that the vol
ume of business is here, and that 1t is
passing through local banks.
Il attribute the gain in the clearings
largely to cotton transactions said As
Sstant Cashier Hogan Of the Germania
Bank, General business has been good
for that matter, and the gains simply
reflect business conditions as they ex-
ist"
Prices Well Up.
Cotton is selling higher than it did
last year by cents and over a pound.
Otherwise it might be difficult to I'M
derstand how the cotton business ac-
counts for the present large increase
I IN the bank clearings in view of the
TACT that UP to the present time Sa-
vannah has only received 241, 900 bales,
against 100000 bales last year, while
4 all United States ports have received
6f,3l9 bales, against 1925, 1928 bales. This
Is due to the general backwardness of
the crop, which is slow in coming to
market at all the trading centers
4tlrOuohOUf tba pnftNn holt
4 Iurpentine has been moving upward
also for some time, and the heart of
me operator in the pine forest has
oeen gladdened by the steady rise in
ne price of the product that costs
nm labor, but brings quick and ready
Fash. Spirits now bring 5614c. against
.Oo last year. All grades of resins are
laf higher than at this time last year,
she some grades have reached prices
never before touched in the history of
'he Savannah Board of Trade.
Factories Busy.
From a manufacturing standpoint
savannah is awakening, and while ad-
Ihttediy slow the ground gained is
Ireld canning the upper harbor from
ne balcony of the Cotton Exchange. u
number were recently viewing the vol
me Of smoke sweeping from factories
IN '""l section across 10 the Cafonnd
sL2re, and it was their belief that the
Whistles of boats and factories will
S9on FORM c. melody to mark the closer
euon OF transportation and manufac-
uIihg IN Savannah. The ringing in Of
,1aAufacturing upon a larger scale
ems assured sooner or later, and
0mlng in upon a. tidal wave of pros
..siily such as now exists the promises
- success are encouraging.
me spirit of progressiveness that has
f. Unused the shipping interests recent
y iAtenSlties, and talk is now heard of
irHeI direct lines from Savannah to
lr-.l9pe' In addition to the quick and
'eAidr service now provided the YEAR