The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1890-10-03
INDUSTRIAL NEWS.
Additional Items That Show the Activity
OF Business and the Aroused Energy
Of the Southern People.
SOME NORTHERN CAPITAL.
(prom the Manufacturers Record,


The numbering interests of the Southern
States have kept pace within the past
year with other interests. The overflow
of the Mississippi was the highest ever
known and the first for six years, and gave
an opportunity for floating to the mills
those logs which had been accumulating
during that time. Those parishes of
Louisiana which have had their crops
damaged by the food have been enabled
to more than retrieve their losses by the
gain in the amount of timber sold. The
combined woodlands of the South have
total acreage of 1876, S32, 900, which is about
Al per cent of its total area, while the
North and West together have only about
l6 per cont of their total area in wood
lands. Western lumbermen have investi-
gated Southern timber lands with the
result that immense tracts have been pur-
chased to be held for future development
whom their Western lands have been e1-
haustod The overflow has also given the
Mobile mills, which manufacture cypress
shingles and lumber principally, IN OPP
portunity to procure an ample supply of
cypress, the supply Of which had been ex-
pected to be very short. Mexico, the
West Indies, Central and South America
have steadily increased their consumption
of Southern timber for some years.
Another substitute for jute bagging has
appeared, this time patented by Mr. G. B.
Warrand, of Savannah, Ga. 1t is the saw
palmetto, and in Alabama, South Carolina,
Georgia and Florida it grows abundantly.
Mr.. Warrand claims that his palmetto
fibre must take the place of jute, as it is
cheaper and much superior to it. Speci-
mems of the saw palmetto's different fibrous
products have been exhibited, together
with sample Of paper manufactured from
it, and sample of fannie acid extracted
from the stem, which, it is claimed, will
tan leather In from one to two months less
time than tho ordinary oak bark. Mr..
Warrsnd proposes to organize $4,000
stock company for tho purpose of erecting
an experimental plant In Savannah to give
his patent q thorough test; and if sue
cessful, doubtless many other factories
will spring up to prepare the fibro for the
market.
An application has been fled at Knox
yillo for the incorporation of the East
Tennessoee Navigation Company. 1t is
the intention of the originators of the
scheme to put feet of steamers upon the
Tennessee river, and do general freight
and passenger business. The boats will
be run to the highest nayigable point of
the river, and as far down as Florence,
Ala The gentlemen arc from Norfolk,
Va, and represent large amount of capt.
tall Knoxville will be their headquarters.
A prominent local attorney is looking
after their interest ut present.
Savannah, Ca, Is now having some rosy
visions of direct trado with Europe. The
organization of land investment COM
pany on On immense scale has been sug
gested, to combine with the South's great
railroad systems and the proposed Trans
Atlantic Steamship Company. The immi-
grams, sho generally bring ready money
with them, could certainly be as easily in
duced to settle in the South as in the
West. 1t has been suggested that posi-
bly, the Central railroad would oppose this
plan, as it would lose somo of the trade
which now goes by its ships to New York
and thence to Europe; but this loss would
be moro than overbalanced by the in
creased traffic which the road wonld gain
with the West. Wilmington island, ten
miles southeast Of Savannah, is being in
vestigated az new water terminal by the
Macon & Atlantic railroad. The island
has deep-water front, and would suit
this purpose admirably.
The present issue of the stock oil tho
Grottoes Company, of Shendun, Va, $4,000
shares, has all heen placed, and the draw
ing and allotment of business lots will
take place Wednesday, October Is, 1890,
having been postponed from October s, as
first announced There will be a sale of
lots held Immediately after the drawing.
A contract has recently been closed by
this company for the construction of
street car line three miles long at Shen-
dun, tho line to be completed and running
in thirty days.
The Tennessee Industrial Land Com
pany, composed of Chicago parties, has
purchased, through W. Englewood, 1000
acres of land at Dayton, Tenn, for $780,
500. 1t includes coal, iron and other
mineral property, and the company in
tends expanding considerable amount
on Improvements. The building of IL
dummy line around the city and the con-
struction of an electrical railroad arc
among the projects on hand.
THE DELAY OF FREIGHTS.