The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-12-29
PROGRESS AT THIS SOUTH.
1855 A REMARKABLY PROSPER.
Gus YEAR.
live tmeAts in Industrial Enter
prises and the Growth OF Conf
deHce Among Capitalists.

| BALTIMORE, MD, Decembar 2S.-In
it's annual review OF the Industrial
progress OF the South, the Baltimore
Manufacturers Record in this wees's
issue will say that 1888 has been the
mlst remarkable year in many re.
spects in the history Of the Southern
States AVID more has been accomplish
ed for the progress Of the whole South
than ever before in any year. Tnis is
shown in the enormous investments
Of capital ia industrial enterprises and
in the growth OF confidence among
Northern and European investors In
the stability OF the south'a ron end
other manufacturing in,eIes 9. The
amount of capital, including capital
stock of incorporated companies rep.
resented by the Few manuiact uring
and mining enterprises organized or
chartered IN the South during 1886,
including the enla cement OF other
plants and rebuilding of mills, aQgre-
gates $l29. 100000 again $56,Sl2,000
in 1885.
THE IRON INTERESTS HAVE ATTRACTED
THE GREATER SHARE
of attention and some gigantic enter.
prises have been organized and are
now building furnsces. The Tennis,
see Goal, Iron and Railroad Company,
with capital of $l0, 900 900, have five
furnaces in operation and are building
five more, besides coke ovens and
opening new coal mines. The Sloss
lion and Steel Company, with an In
vestment Of $4,000, 900, has two fur
naces now and have given contracts
for two more, and will aso
build steel plant. The Brming.
ham Furnace and Manufacturing
Company, with a capital of 81 $780,
600 has just been organized by Penn
sylvania capitalists to build two fur
naces, Five furnaces are to be built
at Sheffield, three at Florencs, two at
Be;semer, and several at other places.
The aggregate Of new furnsces report
ed for the year We're twenty-eiQht,
most Of them OF from 100 10 $50 tons
daily capacity. One Bessemer steel
rail mill is nearly finished, one Besso.
mer plant has been completed, one is
under way, bids have been invited for
the construction of another, and sew
ersl other steel plants hav9 been de.
cided upon. Other interests aswell as
iron, however, ara being rapidly de-
We oped, and included in
THE LIST OF NEW ENTERPRISES ORGAN
IzgD IN THE SOUTH
during 1886 were % iron furnaces, 80
ics factories, SO ioundries and machine
shops, many OF them OF large size,
l Bessemer steel rail mill, 70 mis-.
cellaneous iron works, including iron
pipe works, bridge and bolt works and
s stove factories, 20 gasworks, "a
electric light companies, IL agriCu-
tural implement factories, ia mining
aud qurying enterprises, 10 car
rlage and wagon factories, 0 cotton
mills, % furniture factories, AZ water
works, So tobacco f4ctories, so -four
miles, AIS lumber mills (ros counting
small portable saw millsl Including
saw aud planning mills, Fash and door
fsCt tories, stave, handle, single, hub
and ep0ke, ehuttle block fattoiep, etc.,
in addition to which thers was large
number Of miscellaneous enterprises.
"Ons OF the most gratifying features
OF the South's industrial progress"
says the Manufacturer Record, "is the
wide diversity of new industries that
are developing all through that sec.
ton"