The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1891-08-01
INDUSTRIAL ACTIVITY.

INDUSTRIAL ACTIVITY
Shrewd financiers who recognize
the fact that the time to make IN
vestments is during periods Of de-
preston caused by monetary strin-
gency, and who also appreciate the
facts that this country has not stop.
ped growing and that industrial de-
velopment instead of being overdone
is still in it's infancy, as compared
with what the future will show, are
quietly laying their plans for impor-
tant operations, says the Manufactu-
rers' Record. Their wisdom will be
seen when activity returns, for then
their enterprise will be all ready to
take advantage of prosperous times.
The movements of capitalists in this
direction are illustrated by reports
in the Manufacturers Record Of the
purchase for immediate development
of Is, 900 acres Of iron and timber
land near New Castle, Va, at an
advance of 200 per cent. over the
price which it sold for last Septem-
Der; the decision of the owners Of
about 10000 acres near the
same place to commence it's &C
tive development and to construct
a ten-mile railroad for this purpose;
the sale of 5000 acres of iron ore
property near Fredericksburg, Va. !;
the purchase of the Columbia IS. c.
canal for 100000 by New England
capitalists, who will utilize it's great
water-power by building cotton mills,
etc. the purchase of 600 acres of
land near Baltimore by Pittsburg
manufacturers, who will build a
manufacturing town; the full organ
ization Of a S3,5oO,00O company at
New Birmingham, Texas, composed
largely Of English capitalists inter.
ested in Middlesborough, Ky, to
build an lron-making town; the or.
ganization Of a 81 100000 mining
company to operate at Llano, the
great Bessemer ore center of Texas
These are few OF the big things re
ported for the week that indicate the
tendency of capitalists to be on thu
lookout for good investments despite
| financial stringency. Among Other
enterprises reported in this week.
issue Of the Manufacturers Record il
a 81 100000 salt company in Ken
, lucky; cotton mill at Charlotte
N. c.; an $4,000 contract for waite
} works engines at Savannah f.; all $50,
900 rolling mill and cotton tie com
, pany at Denison, Texas; $3OO,OO'
: sale of phosphate land in Florida
2 an increase of 100000 in the capita
stock Of gas and water works com
l pany at Macon, Ca, for enlarge
ments, a 100000 wooden mill com
4 pany in Texas and 100000 lum-
! Der company in the same state; .
!, 100000 coal company in West Vir
t ginia /; a $4,000 improvement com
: pany at Florence, S. c., and $50,
= 600 company at Raleigh, N. G.
q 100000 voted for public improve
/ ments at Knoxville, Tenn.
= 81 100000 construction company il
/ West Virginia; 100000 improve
: ment company in Manchester, Va.
, one Of $4,000 in Basic City, Va.
8 and one of $4,000 in Louisville
Ky. i; $25, 200 water works in Bruins
, wick, Md. $25, 900 cotton seed OF
/ mill company in Texas large fire.
. brick works in South Carolina, etc
Q For a midsummer week, with Eu
rope and America puzzled over finan
+ cial matters, this summary shows g
t really remarkable degree of activit,
E in southern development, and indi
catesawhat may bsexpected this fal
and winter with q return Of q conf
i, dence to the business world.