The Birmingham age-herald., 1911-04-18
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OPTIMISTIC ABOUT
 BUSINESS AHEAD

In his annual report to the board of Trade of Savannah, Ga, President J. A. c. Carson was optimistic over the out look for business in which Savannah is vitally interested. He said, as to general conditions:
 We may congratulate ourselves upon the fact that while the business of the United States as whole is in a very unsatisfactory condition, the depression in the south Is not so great as in other portions of the country, and in our own state business Is by no means at a standstlll Our large cotton crop and the excellent price which 1t has brought has stimulated trade in every channel and made its influence felt through cut our borders.
 'To recapitulate the financial situa- ton, confidence has been restored, the country is thoroughly liquidated. and money Is in plentiful supply, the de- posits in the banks, trust companies, etc., in New York alone having reach ed the enormous total of sS,S00, ,0O0, 900. and the opinion of the best informed is that it must soon end-we may con- fidently expect an era of the greatest prosperity that this favored land Of ours has ever known"
 Dealing with the businesses in which Savannah is vitally interested, Presi- dent Carson said:
 "Unquestionably building conditions are improving all over the country and the present prospects are that a very xxr4<~ :. H. -. IL present year. The excellent condition of the naval stores industry, most pro- ducers reaching out and securing ev- cry available pine for turpentire pur- poses, necessarily means that the out put of lumber will be affected, and shortness of output always means high CT values. It Is not anticipated that much trouble will be experienced in supplying the full demand, especially in view of the fact that a large per- centage of the supply will be moved from the gulf states, especially Texas, where the naval stores industry is not pushed to the same extent as 1t is in the territory tributary to the Att lantic coast. On account of Savannah's s superior transportation facilities 1t is estimated that these shipments for the ensuing season will continue to be around 200,000,000 feet To do this,
 
 ritory that naturally belongs to other ports, as well as competing largely with the all-rail movement. This, how ever, can be successfully done, espe- cially into Pennsylvania, New York and ports east of Boston.
 ITO sum up the situation, the lumber manufacturers and wholesalers feel very Jubilant over the outlook, and 1t is to be hoped that they will realize the profit to which they are entitled in the manufacture of this product. and cease to sacrifice the timber of the southern states without a fair and le- gitimate margin to the timber owner or manufacturer. It is a well-known fact that our forests are rapidly disappear Ing, and within a few years 1t is going to be a very difficult matter to produce the larger sizes, which today are tho only means of the manufacturer bring ing up the general average of his product to 8 living basis.
 "The present high prices of spirits of turpentfne and rosin are legitimate, and based upon the laws of supply and demand. The advance as compared with other commodities whose statistical po- sition at times has been relative Is not extreme. Many of us remember when wheat sold at 55 cents per bushel, af- terward advancing to $1.30 per bushel We have seen pork sell from $7.25 per barrel to $27 per. barrel; corn from 25 cents per bushel to $1 per bushel dry salt meats from 1z cents per pound to Is cents per pound, and oats from IS cents per bushel to 50 cents per bushel. The supply of gold is continually in- creasing and the purchasing power of dollar decreasing. The prices for both spirits of turpentine and rosin for the future depend entirely upon the pro- ducer. If he manufacturers much it means low price; if he produces no more than the world requires for con- sumption it means a relative high price such as we find prevailing at the pres cnt tfme"