Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1891-07-31
WISE CAPITALISTS MAKING
HEAVY INVESTMENTS.

Aho "'uiu'tctuttTS l.ccOlu Oh d ulI
rs, says: "Shrowd financicrs VIII,
recognize the fact that tho time tt
make investments is during period.
of depression caused by monetary
strinGoncy, md who also appreciate
the faots that this country has moi
stopped growing, and that industrial
Development, instead Of being over
done, Is still in it's infancy, as com
pared with what the future will show
arc quietly laying their plans for i'm
portant operations. Their wisdom,
vii! bc seen when activity returns,
Tor then their enterprises will be all
ready to take advantage of prosper.
Gus times. The movements OF cnDi.
talists in this direction are illustrated
by reports i'll tho Manufacturers
Record OF the purchase for ilmncdi
ate development Of $4,000 acres of
iron and timber land near New Gus
tie, Va, ut IN advance of 2OO per
cent. over the price which it sold for
last September; the decision OF the
owners of about T0,0JG acres near
the sanno place TO commence its net
i've development and to construct IL
ten milo road for this purpose; the
sale of G,000 acres OF iron ore prop
crty near fredericksburg, Va; the
purchase of the Columbn Is. CO
canal for $4Go,O00 by New England
capitalists, wh) will utilize It's great
water power by building cotton mills,
etc; the purchase Of son acres o. land
near baltimore by Pittahurg mann
furturers, who will build IL mnnufac
turing town; the full organization of
o S3,500,0n0 company at New Bir-
mlnShan, Texas, composed lsrgely
OF English capitalists interested in
AiddlcSboroueh, Ky, to build an
IRON making town; the organization
OF Il Sl,O00,0C0 mining company to
OF crate ut Llano, the great Bc.semcr
ore center Of Texas. These are a few
'oI the hig things reported for The
week that Indicate the tendency Of
capitalists to be on the lookout for
good Investments despite iinancia!
S'rlli%rhcy Among other enterprises
reported i'll this weeks issue Of the
Manufacturers Record is IL $1,000
500 salt company i'll Kentucky; "a co;
ton mill mt Charlotte, n. g.: I'M $50.
WI contract Tor water works engines
ut Savannah; an $50, 900 rolling mill
and cotton tic company ut Dcnison.
Texas; Il @3O9,OCO sale of phosphate
land III Florida; IN increase of $500.
o00 III the capital stock Of cas- and
water works company ut Macon, Ga,
lor enlnrScmcnts; Il $500. 900 phos.
plate company in Flori,ia: u $40. 600
WOODEN mill company in Texas. and Il
100000 lumber company in the
same State; Il 100000 coal COMPANY
III West Virginia; Il $1,000 improve
Iheit company ut Florence. :. c..
and $4,000 company Il. lt.,lcigh,
~ C.; *5oo,0oo voted for public i'm
m"v"mehts at Knoxville, Tcnn.: a
9l,UJo.jUO construction COMPANY in
West Virginia; Il $1,000 improve
'ncht company in Manchester. Va.
one OF $4,000 i'll Basic CITY. Va.nnd
one of $4,000 III Louisville. Nv. .
$4,000 water works III Brunswick.
Md;a S25,O00 cotton seed oil mill
company Ill Texas; large fire brick
works. in South Carolina, &c. For II
midsummer week, with Europe and
America puzzled over financial mat
tiers. tins summary shows n really re
mark'tble degree of activity in South.
efh development and indicates what
may bo expccte-! this fall AMI winter
with return of confidence TO Che
business world.