The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1882-09-14
Charleston's Trade Issue.


The Charleston Ne1cs and Cou-
rier, with characteristic enterprise,
issued the lst instant it's annual
Trade Issue, reviewing the trade OF
Charleston for the year ending that
day. Notwithstanding the severe
drought and the consequent short
cotton crop and general falling of
of trade throughout the Southern
country, this Trade Issne makes a
most gratifying showing for our
SCI oort city. The Ne0s and tou-
rier truly says: The trade of the
city has been astonishingly good, in
spite of adverse circumstances. The
value of the trade of the year is an
increase of S3,628, 904 over the pre-
ceding year.
The News and Courier refers
with pardonable pride to the fnan
cial policy of the present municipal
government. During the past year
the debt of the city has been re-.
duced S362,3O0. The debt now
amounts to S4,264,O5O. has been
refunded to the extent of four ffths
in 4 per cent. bonds, and the inter
est due in 1883 and 1884 has al
ready been provided for.
The following from the Ne,cs
and Courier'S editorial gives some
idea of Charleston's business activ.
ity and prosperity:
"Tbe value of the trade of the year
is S74. $50 ,904, against S7l l,2ll 900
last year. Iu naval stores the receipts
of spirits of turpeptiue have increased
from 81, 1856 casks to IS, 900 casks, aud
the receipts of rosip have Increased
frtm 23l,4l7 barrels to 256,0OO bar
rels. The receipts Of phosphate rock 10
the year just closed we're thelargest ever
known, beiug l46,496 tons, against
l0S,1S3 tons in the preceding year.
The whole amount exported and man
ufactured Was 34S.463 tons, against
2S7,l88 tons in 1881. IL the lum.
Der business the increase has beeu
startling, the exports haviog advanced
frou lS,6lO.S57 feet in 1881 to a.
100000 feet in the year just closed
In nothing is the progress of
Charleston shown more wildly than
in the diversi6cation of Industries.
There ere in and around Charleston
to dag l3S factories of~diferent kinds,
employing 1856 persons. with an an .
nual product valued at sS,ll6,56s.
This includes the fetilizer companies,
II 10 number, who employ $50 hands:
and whose products for the year are
valued at s2,562,000. During the
year an Electric Light Company has
been formed, and is nearly ready to
commence operations. A Cotton Seed
Oil Company, and company for the
manufacture of liue, cement and
bricks, have been completed, and are
at work. The Charleston Cotton Mill,
which has capital of half a million
dollars, and will give employment to
considerable number of persons, will
begin work very shortly. and in the
course of few months will make the
city musical with the hun of 10000
spindles. The capacity Of the Bag
ging Factory has bean more than
doubled, aud in every department 9
manufacturing business there are sd
signs of growth and development. -
Truck farming continues to be
important branch of the trade of
Charleston. Handsome profits have
been realized in vegetables, the largest
gains during the year being derived
from cabbages and potatoes. On two
acres of land near the city profit Of
$500 net was made op cab5ages
alone. 1t is not surprising that land
should in consequence be exceedingly
valuable. 1t will surprise good
many of our Northern readers to know
that land near Charleston prepared
for truck: farming will readily bring in
the market aa much as $1,000 an
acre.