New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-03
MOBILE TRADE.

M,NCFACrURES OF THE sr,lE-RlCH DEPOSITS of
coal AND moN-CoNDrION OF ruE TRADE Ot
MOBILE-TBE NEED OF CAPITAL.
FROM An ocCAsIosAL CORRESPONDENT OF rHE rRIEUsGl
MOBILE, Ala, Dec. 2l.-The cry here, as
throughout the South, is the cry for capital With
larger resources with expanded credit. Mo
bile would expand her trade and her limits to a
great extcut. for her back country Is fere, ana new
lines OF railway partially completed already promise
pour into lap not only The cotton OF her upper
country and that Of Mississippi and Arkansas well.
bur timber coal aud iron also III quantities beyond
limit aud OF untold value. Her lumber lands and her
REGION just beng opened. are, both in extent and
value incomar be and foreign capital is fast making
the discovery The Northwestern Railway, already
begun /. to tap the former; the Great
Trunk Railroad Is Intended open the latter.
This mine OF wealth has not escaped Northern Obserya-
ton and the shrewd OF Pennsylvania have poured
in 20 buy up coal and iron lands just the North
Western timber men developing the pine lands VI
Alabama and Florida. and making the shrll music OF
the saw resound through those sylvan sotude.. The
town Of Birmingham the child VI this iron enterprise
has sprung up with Il suddenness which wonln he start
ling even in the North. Already, within the short space
OF years. 1t has become the uuceu, OF great and
growing interest, which is Ia put Alabama rival
footing it hoped with Pennsylvania, extent aud
value OF both the coal and iron deposits along the belt
OF which this town the center being Incalcuabi
Win coal beds and iron ore running beside one another
for IA distance OF 80 miles. with intcrsec ,0na railways
already existing, and more in course OF completion, not
mention facilities OF water communication the future
OF Alabama as q great coal and IRON center cannot
be doubs,d All that IL needed " develop
these vast resources IL capital. and capital
never Jet failed dnaly ~ come where it would yield
such great returns. Mobile has suffered OF late years
froa wo causes drs from the and the consequent
Gripping OF the financial aud industrial resources OF her
people; secondly from the multiplication of railway
lines points the Atlantic seaboard which have
tapped Of her former sources OF supply in the up
per fart OF the State that previously found other
outlet Hence she has felt the ecessity counteract
ing these adverse Influences by stretching out her
railway connections and diversfyng her industries.
Iron coal and timber now divide her attention with
cotton aud her promises 10 be better than her
first.
The city is really very good position at present,
with every promise OF future advancement. while the
development Of the Industries in tho other portions
OF the state must contribute 10 the growth pros
perity OF the only seaport Alabama can boast
Of Twelve iron furnaces already in operation
in Alabama, with AZ least half dozen
in contemplation; active and energetic working
OF her coal mines, which already supply the
wants of this state and the western Georgia
splendid coal at from ii 10 " per ton delivered thirteen
Incorporated cotton factories IN active aud profitable
y,kea' Neither are they all unimportant ones Tue
1aassee Company, which Manufacture sheetins-,
shirtues osInburgs, AMI yarns, 1900 spudies
In addition 10 these cotton mills there about
many more WOODEN mills running - sets Of cards
Tier, is also in Mobile cottOGsect mill, intended To
ntlizs that formerly wasted product winch II
iuu cake for the Eittenng of eattie, and into
seed OIL admirably adapted 10 The fabrication Of ma
cbinrry. -
The general trade OF Mobile Ia, Deen without much
for the past four years. the railroad
finished dnring that period having however, to
some extent curtaled business Western produce
as il is now easy the West 10 reach the interior towns
that formerly bough, here The receipts OF cotton Tor
the present year showed increase last year oil
about 100 bales and about fair receipt Tor
Mobile. About 10000 bales we're lost by the HOODS OF
1874 good proportion OF the shipments have gone nv
,say uf Ne Orleans, because of the nsicirnt hummer
OF during the pnst year the same ms heen
rho clse however with al OF The Southern ports l~Cs
he number of W. sells that loaded here with cotton
could have received csTgOes.
Lumber ID desuei w 10 "a important toa.uto Ia $40