MYFBS, MAY(R - the Digital Library of Georgia

MAYOR'S ANNUAL REPORT. 265REPORT OP SAVANNAH COTTON EXCHANGE,SAVANNAH, GA., January 1, 1902.Hon. Herman Myers, Mayor :SIK—I take pleasure in forwarding copy of lastannual report of Superintendent to the President andDirectors of this Exchange.Very respectfully,j. P. MERRIHEW,Superintendent.In accordance with custom 1 have the honor tosubmit for your consideration the twenty-ninth annualreport of the cotton movement at Savannah forthe twelve months ending August 31st, 1901.The receipts at this port during the past season(1,082,822 bales) have been smaller in the gross thanthose of the previous year by 9,062 bales, or 00.83per cent.The net receipts (1,079,435 bales) have been smallerthan those of the previous year by 9,372 bales, or00.86 per cent., and constituting 10.35 per cent, ofthe total crop, as against 11.53 per cent, for the year1899-1900, and 09.78 per cent, for the year 1898-99.Our net receipts (1,079,435 bales) include a smallerproportion of actual spot cotton than 1899-1900 bv605 bales, or 00.05 per cent.Our percentage of local receipts to the total netreceipts is 13.30 per cent., as against 13.24 per cent,for the year 1899-1900, and 13.76 per cent, in 1898-99.The record of this year's spot sales has been equalto the local receipts.