The Durham daily globe. (Durham, N.C.) 1889-1894, 1891-08-21
THE SOUTH GROWING
What the Authority Is on the
Subject.
We Are All to Be Three Tine Winners
Soon.
THOUSANDS OF DOLLARS COMING.
The South the Place Where All Eyes Are
Fixed and Where Men and
Money VIII Be.


The Manufacturers Record of August
% says: While midsummer usually brings
a certain amount of dullness everywhere,
the signs of the times all point to busy
and prosperous fall. and winter. The
certainty of enormous grain crops
throughout the country and heavy
foreign demand gives assurance of gen
eral business prosperity, which will prove
Of great benefit to the South. Abundant
wheat and corn crops will largely Offset
the low price of cotton, and the South
will be prepared to maintain its position
in the great industrial advance of the
whole country. Many great enterprises,
including railroads to open up mineral
and timber regions of vast wealth-creat-
Ing possibilities, iron mining and manu-
featuring concerns, steel works, cotton
mills, etc, are being put into shape for
active construction work in the near
future
The development ofFlorida phosphate
interests attracts increased attention, and
heavy investments are being made for
the purchase Of phosphate lands and the
building of phosphate works. Large
tracts of mineral and timber lands are
being secured by capitalists, who are wise
enough to see that now is the time to
buy, and in every line Of progress there
are indications of renewed activity so
soon as the worlds financial interests
are in good shape, Among the enter
prises reported in this week S issue of the
Manufacturers Record are the organiZa-
ton of a 81 100000 company by some of
the leading capitalits Of New England,
who recently purchased the water-power
canal at Columbia, S. c., for the pur-
pose of building large cotton mills; a
81 100000 phosphate company in Flor
ida; a 81 100000 coal and iron company
at Chickamaugua, Ga; a 100000 cleo
tric-light company in Wheeling, W. Va
a ST. 100000 development company at Mid
dlesburg, KY; a $5OO,O00 development
company at Admission, Ala; $40, 900 wood
working factory in Texas; large sugar
refinery in Fort Bend county, Texas
100000 water works company at Baird,
100000 paving block company at Roa
noke, Va; $4,000 building company at
Clifton Forge, Va; $4,000 manufacture
ing company at Newport, Ky; the sale Of
10000 acres of timber land in Sewer
county, Tenn, for development; $780,
900 improvement company and $500, 900
mining company in Kentucky; $50, 900
ice company in Newport, KY; company
to mine ore and build furnaces in Ten
nessee; a $4,000 fertilizer company in
Darlington, S. c.; 100000 fire. brick
company at Bessemer, Ala; 500, 900 cot
ton seed oil mill company in Louisiana
$100, 900 electric light company in Wash
ington; $25 900 lumber company and
$50 900 palmetto manufacturing company
in Florida {; 100000 ice and electric light
company in Louisiana; 100000 town
building company in West Virginia 4;
$4,000 brick company at Huntington,
w. Va, etc.
Briefly summarized as in the foregoing,
this list shows that, notwithstanding sum-
mer heat and the troubles that have fol-
lowed financial stringency in this coun-
try and abroad, the South is pushing
forward vigorously in establishing new
enterprises to create wealth out of its
abundant natural resources.
A WINNER