St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-29

The rate of gain of capacity in Ala
ALBANIA, Tennessee and Georgia, The three
central iron states of the South, was 233
per cent. since 1880. The Tradesman says:
At the same rate oe gain they will have at
the next census nearly one and half million
tons annual capacity, but the indications
point to a capacity of 2,0U0,00O tons annually
at that time. ia9.f.E 5000
The Tradesman reports six blast furnaces
two in Tennessee, with two more soon to
be erected in the latter state. In further
noting the progress of the South in 1856.
the Tradesman reports two steel mills built
at Chattanooga. In 1850 Tennessee had
IS nail machines; Alabama none.
In 1886 Tennessee has lis and Ala
bama 50, with a combined annual
output of 420, 900 kegs against 100, 900 in
1880. In the production of stoves the pro-
gress has been equally as great. Tennes-
see has built five works since 1880 and Ala
bama two. The production of wrought.
iron pipe is one of the new features of the
South, large work having been built at
Chattanooga in 1886, and the production of
caSt-irOn pipe in the South has quadrupled
since 1882. The Tradesman's reports indi-
cate more prosperous outlook for the
South in 1887 than in the past, and all
signs point clearly to the fact that the
South will greatly increase its industrial inn
pOrtance in iron and steel in the next two
years. and that the production of raw and
merchantable iron will be trebled before
$780,
BALTIMORE. Dec. 2S.-In it's annual re-
view OF the industrial progress of the South
the Baltimore Manufacturers Record, in
this weeks ISSUE will say that 1885 has
been the most remarkable year in many re-
spects in the history of the Southern states,
and more has been accomplished for the
prosperity and progress of the whole South
than ever before in any year. This is
shown in the enormous investments Of cap
ital in industrial enterprises. and in the
growth of confidence among Northern and
Southern investors in the stability of the
SOuth'S iron and other manufacturing IN
terests. The amount of capital. including
the capital stock of Incorporated COM
panies, represented by the new manufac-
turing and mining enterprises organized or
chartered in the South during 1856, in
Guiding the enlargement of old plants and
the rebuilding of mills aggregates S129. $780,
600, against S66, S12, 900 in 1885. The iron
interests have attracted the greatest share
of attention and some gigantic enterprises
have been organized and are now build
ing furnaces. The Tennessee Coal. Iron and
Railroad company. with capital of $10.-
900. 900, have five furnaces in operation and
are building five more, besides coke ovens
and opening new coal mines. The Sloss
Iron and Steel company, with an invest
ment of So. 900, 900, has two furnaces now
and have given contracts for two more, and
will also build steel plant The Birmirg-
ham Furnace and Manufacturing company,
with capital of 81. 500 900, has just been
organized by Pennsylvania capitalists to
build two furnaces. Five furnaces are to
be built at Sheffield. three at Florence. two
at Bessemer and several others. One Bes-
semer steel rail mill is nearly finished; one
Bessemer plant has been completed; one is
under way; bids have been invited for the
construction of another, and several other
steel plants have been decided upon.
Other enterprises as well as in iron, how
ever. are being rapidly developed and in
Guided in the list of new enterprises. Or
ganized in the South during 1886 were
twenty-eight iron furnaces, fifty ice fac
tories, sixty-eight foundries and machine
shops. many of them of large size; one Bes-
semer steel rail mill. twenty miscellaneous
iron works. including iron pipe works,
bridge and bolt works and eight stove foun-
dries, twenty gas works, thirty-four electric
light companies, eleven agricultural imple-
ment factories, ia mining and Quarrying
enterprises, sixteen carriage and wagon
factories. twenty-five cotton mills. twenty
five furniture factories, forty-two water
works, fifty-eight tobacco factories, and
hundreds OF sash and blind factories. plan
ing mills, single mills, besides which there
were large number of miscellaneous en-
terprises. One of the most gratifying
features of the South's industrial progress,
says the Manufacturers Record. is the wide
diversity of new industries developing all
through that section. - ..I..,--.-.i