The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-06-28
GROWTH OF THE SOUTH.
TaE NEW INDUSTRIES OF TIE
PAST THREE MONTHS.

Total OF 992 Established, es Against
1850 During the Same Period Last
Year-The Falling OF Attributable to
the Tight Money Markes-Ths Phos.
phate Industry.
CHATTANOOGA, TENN, June 24-The
IrodesHion's report Of new industries as-
tablished In the southern states during the
second quarter of 1891 shows a total OF 500,
against total in the second quarter in 1890
OF l $50 and the second quarter in 1889 Of
55s. The Ira desman says: "Whiie the
number OF new industries established for
the second quarter Of this year Is not up 70
that OF the corresponding period of 1890,
still the industrial interests of this
section are In very healthful
condition and noticeable feature for the
past three months has been the amount Of
capital invested in the enterprises, indicat-
ing that the now industries now being put
into operation In tho southern states are
larger and will be more thoroughly
equipped. The spring and summer Of 1890
saw the establishment of very large num-
ber OF industries in the south, in fact, that
period was the elimination Of a form Of
development exceptional in its nature and
characterized in many instances by wann
OF knowledge of the needs or full under
standing OF the resources Of that section.
TIGHT MONEY.
when the recent stringency in tho
money market Is taken into consideration
the industrial activity in the south for the
past quarter is very gratifying, and justihes
the assertion that in no section OF the coun-
try are the industrial interests in o more
healthful condition than in the southern
states. During the quarter ending July
there were established in the southern
states four agricultural implement works,
four barrel factories, throe boot and shoe
factories, one brewery and thirty
nine brick works, Virginia leading with
seven, Alabama six, Georgin, Kentucky and
South Carolina each having four to their
credit. and nearly all Of the southern states
contributing one or two to make up the
total. Sixty-two large developments aid fm-
proving companies have been organized
during the quarter; Tennessee leading With
twelve, and Virginia having ten, South
Carolina eight, North Carolina seven, aud
the balance being evenly distributed in the
other states.
TO BE WELL LIGHTED.
"Twenty-nine electric light companies
have been organized, against 40 for the ccrre-
spending quarter OF last year; Is -four
and grist mills have been established; az
foundriss and machine shops, against 10 for
the corresponding quarter OF 1890; fur
nace companies have been organized,
gas companies, 10 ice works,
and hf.y-seyen mining aud quarrying COM
pahies have been organized. Fwenty-thres
natural gas and oil companies have been
organized during the past quarter, which
indicates the marked Interest that Is being
attracted to this industry In the south.
Twenty-three oil mills have been erected.
THE PHOSPHATE INDUSTRY.
"Thirty-seven phosphate companies have
been organized. The extensive deposits of
phosphate that have recently been discov-
cred In Florida have given great impetus to
the phosphate industry in the south and q
large amonpt of capital has been invested
past six months, In Florida alone there
having been thirty-two phosphate
companies organized in the past quarter; .
In North Carolina, Q in Virginia. and In
West Virginia. One hundred and sixteen
railroad companies have been chartered, 3
rolling mills erected and 80 strees
and electric railway companies have
been Incorporated. Four tahneries have
been erected during the past quarter, 81
water works and "a cotton and woolen mills
have been established; Q in North Caroliua,
0 In South Carolfaa, 8 in Georgia, in Ala
bama and the balance distributed among
the other southern states.
WOODWORKING ESTABLISHMENTS.
"One hundred and fifty woodworking
establishments have besn erected, aaainsS
225 for the corresponding quarter Of lasu
year. The establishment of new wood
working establishments IN the south has
been especially active and a large number
OF fully equipped plants have been erected,
and the splendid timber resources of this
section are In Q fair way 70 be thoroughly
developed. The number OF woodworking
plants ESTABLISHED for the querter exceeds
that of any other industry. aud with 1875
miscellaneous plants established during tbs
quarter brings the total up to 882, which
will certainly be a gratifying showing to
all who are interested in the industrial de-
velopmsnt Of the SOUTH"