The Magnolia gazette. [volume] (Magnolia, Miss.) 1872-current, 1890-11-29
ras PR ,spgalus s3urA
The Wonderful Activity Continues L
Spread. Despite Wall St,ssrs Fii,{.

The Wonderful Activity Continues 10
Spread. Despite Wall stis,gs FiHJ.
Tire Manufacturer 5 Record
says; "rhe excitement in Wall
street, if long continued, would
necessarily have an injariens m-
ilnence upon alillnas Of bu.l iess il
Iaii sections Of the country, but us
trade and manufacturing Interests
evrrywherr are prospe Gus, il IS
not p obable that the stock job
brg operations of New York will
have more than te up .rary effect
upon seuert business. Under any
circumstances though, the South
Is N Il beittr position 70 stand
even plmc than any other sec
tlon. 1t has gathered zig crops
thar VIII aegr gate N value for
the year nearly $1,000, 600, 900,
It's cotton alone, including tie
seed, counting up this year be
tween $3.50, 900 600 and 500,
, 900 900, every ddIar of which II
VIII draw from the North an0
/ europe. Its farm 'rs arc practically
mt Of debt, AMI mauJ ui Them
ave good surplus; its manu-.
lclurng interests are prosper
rs, ana its Ii lroydS aie crowded
with freight traffic. The whoIo
Santh Is ai'a cing rapidly ana,
i dependent uppn Its Own liaan
aal lc5ourc $, could stand tn
1 strain tar be icl than tile West.
| But the enormous shliukaye in
It ok values in Wall sleet WEI
Iead to drive money from that
center OF Wild speculation TO
safer INVESTMENTS IN Southern
development and manufacturing
interests. The decline in % stocks
on the New York Exchange since
| November lst represents Il wiping
out Of $l00,000,O00, and the
people who have seen fortunes
swept SWAY nike rhls will prefer
20 put their money elsewhere in the
! future, The daily accumulation
of wealth IN the United States Is
eu3rmpqs and il must find a field
.9f Investment somewhere. Drive
hfrom Wall street speculatioas,
Iasd 10 lunrer fiHdinp ANY prnfita
IpIe openings ID the West as in
4 FORM er sears, I must inevitably
turn to the Sonih. Thus, M
stead Of Wall street ) furry m
juring the South, it will help tc
drive Il sill, larger volume q
money this way. The past week
shows continued activity in the
organ nizatiVn OF industrial enter
p,ises and of town-buIldlng com.
Z panies.. Salem, Va, leads of
ANith an appI opriatiou by the
several land companies there 81
$4,000 IN cash to secure the
establishment there Of Il rolling
mill, cotton MIL, car works anc
other enterprises; IN Buena VISA
a 81 100000 company has beer
organized to build basic stee
i works, and three improvement
: and building companies, with al
aggregate capital Of $500, 900
have been started IN the same
place; Glasgow has organized I
/, 100000 car works company
Norfolk, three land improvement
companies with capital Of $500,
600; Wheeling, w. Va, IS tC
: have new steel works; at Vicks
:. burg. Miss, a 5000, 900 phos
: phate company has been charter
ed, and at Aberdeen, in the sam'
!, State. q $4,000 machine shol
9 company; at Alglers, La, a So
900 brewery VIII be built; Bes
semer, Alr., has organized
! 10000 pipe mauufacturin.
! compauy; Baltimore 5000,
600 car company; Barlow, Ella.
! $50, 900 manufacturing com
!. piny; BIacksburg, ). O., $40,
600 81 We foundry: Rusk, Iexas
il 5000 ,O00 company to build a
: IRON furnace, a~j Rogers, Ak
= $40 900 ice factory. Thes
J J; enterprises, scattered ali over th
:. :, South, show how widespread
= :, the activity that IS seen trol
= Maryland to Texas. Withol
any fictiuous speculation or vii
y , booming, the South is steadl
e pressing forward, building ne
= towns. new railroads, new ia
Z tories and furnaces, and ever
pe where shows evidence of actIvi
! aud prosperity.
i \ German lieulenanl-colur
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