The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-09-04
Iron interests.

The Philadelphia Press of the 1st, in
its editorial review of the condition of
trade and money for the week previous
has the following sentence:
Food is to be higher, and by October
and November this may have its effect
on the demand for manufactures. There
are no signs of this yet. The only cloud
over manufacturers prospects is the
100000 600 of imports brought in ahead
of the Mckinley tariff. We are apt to
rely on railroad building for the support
of the iron and labor market We for
get that the buildings last year in our
twenty seven largest cities cost 1882, 1885,
557, or $130,000,0O0 more than the
railroad construction last year. AS mnch
or more binding is going on this year.
and it is this demand which sustains the
largest iron output in our history. if not
in the world"
There is no question about the solid
conditions of trade. There was never n
period of less reckless speculation, con-
sidering the activity which pervades all
the channels of business, and more
substantial assurances for the remunera
tive employment of capital The stir
and motion all through the South are
the result of legitimate cause.-the de-
velopment of natural resources and the
Inauguration of industrial enterprises to
represent the natural wealth that here
exists. The mineral wealth of the South
and especially of Virginia, has heretofore
been unknown. 1t is, indeed, not known
yet, but the capital being invested, the
appliances appropriated, and the devel-
opments that are being made are edu
eating the country to the marvellous ma
terial resources of this State and the
Southern section. Iron is the basis of
our industrial activity. as well as the
diversified business relations of the
country, and the demands for iron, null
tiplying every day, will be conmensur-
ate with the capacity of the mines and
furnaces for production. 1t is to the
South that this demand must look, as
it is here where iron can be made cheaper
than at any other location in the Union.
All the conditions which enter into the
manufacture of pig iron are here and so
related that competition may be defied,
and the assurance given that Virginia is
to furnish the great iron making centre
of the country.
Allegheny Mining and Development
Company.
We publish in full the prospectus of
the Allegheny Mining and Development
Company in another column. The
holdings of this company consist of
about $50 acres of beautifully lying land
admirably adapted for plotting, and of
fer inducements for investors rarely
equaled in the South. The stock of the
company is going off at a satisfactory
rate, and will soon be disposed OF The
investment cannot be otherwise than
profitable, as there has been no improve
ment scheme inaugurated that offered
so many advantages and assured condi-
tions. Read the prospectus. 1t will pay
you to do SO.
Big Sale of Iron Property.
The Wytheville correspondent of the
Richmond Dispatch. August 81, mel
tions the following important sale of
mineral property. purchased by Messrs
Moore & Hilbert, of Staunton:
Terry & Green. real estate agents of
this place, have sold to Mpssrs. Moore &
Hilbert, iron ore experts, OF StauntOn,
Va, and representatives of Northern
and Western capital, the celebrated
Glade Mountain iron property lying four
miles south of Rural Retreat. this county
The property contains 900 acres There
are on it three separate leads of good iron
ore which run for four miles without q
break The price paid was $50, 900 The
owners were Messrs. j. G.. Green, j. q.
Brown. and T. r. Main, of this place.
This is looked upon as the beginning of
large deals in mineral lands of all kinds
in this section this fall.
Messr Moore & HILBERT are practical
mining experts, and are actively engaged
in examining number of properties in
Virginia and further South Their as
sociations are of the best, financially.
and their ability to carry out their con
tracts undoubted.