The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1891-11-06
SOLID SOUTHERN GROWTH.
New -11ozasae.ks.sx xnue--Ev<
Southern Advancement. - z

The Manufacturers Record, Of Balti-
more, of October 81, in reviewing the in
dustrial progress of the South, says:
''rhe business situation Throughout the
South continues to improve, and the out
look for the future is very promising.
Speculative operations are not in much
favor, but the work of solid business de-
velopment is commanding increased at
tention. Shrcwd capitalists, realizing
the intrinsic value of good mineral and
timber properties, are making a number
of purchases, and mainly for immediate
development. In West Virginia some
large sales of coal lands have been made.
and in other States ore and timber lands
have changed hands. The phosphate
interests in Florida show increased ac-
tivity in the sale of lands and in the or
ganization of mining companies, seven
new companies having been reported du-
ring the week with capital stock of from
$50, 600 to 100000. In Alabama a
very important contract was closed, Sc
curing the building of a railroad from
the Warrior coal fields to deep water
river navigation at Tuscaloosa, which
will open water transportation route for
Alabama coal to the Gulf; this contract
alao calls for coal-mining and coke max
ing operations at Tuscaloosa. At Gal
weston the contract has been closed for
building a 1000, 900 bushel grain cleva-
tor at cost of 5000, 600, and large en-
gagemcnts have been made for grain
shipments from New Orleans this winter,
while at Baltimore the grain trade is so
active that on two days of this week
alone charters were made for the export
of $500, 900 bushels to Europe. The
cotton movement continues very heavy.
due in large part to the perfect weather
for gathering the crop, and the Southern
ports are crowded with vessels loading
for Europe. In general indus.
trial matters there is steady progress, and
among the new enterprises reported for
the week are 500, 900 water works COM
r~-5--"t -i1>'~-" -A-l.- ~cisa- er,<a-chon,icoi
works at Portsmouth, Va; $3.50, 600 de-
velopmcnt, mining aud manufacturing
company in Florida; a $50, 900 and a
$4,000 manufacturing company in West
Virginia; SEQ, ,000 knitting mill COM
pany, Norfolk, Va. a $4,000 compress
company, Americus, Ga; $500, 900
cartridge and powder company, Coving-
ton, Ky; a rolling mil and sash and
door factory at Tyler, Texas; a 20O-barrel
flour mill, Baltimore; n $1O2, 600 devcl-
opment company at Chester, s. c.. large
lumber mills at Irvine, KY 5000, 600
general manufacturing company at New
Orleans; 500, 900 ordnance company,
Alexandria. Va; $4,000 automatic.
sprinkler company, Columbus, Ga {; $780,
OJO development company, Richmond,
Va; so ton ice factory, Mobile, Ala,
and one of same size at Fort Smith, Ark.
refrigerator works, Hot Springs, Ark.
water works, La Grange, Ga. !; tobacco
factory, Greenville, N. c. $25, 200 cot
tonseed-oil mill company, Oorsioaua,,
Texas; $780, 600 electric light manufac-
turing company, Cumberland, Nd, etc.
"This summary shows a steady, solid
growth all along the lire, erd indicates .
very healthy development activity that
promises well for the rapid increase in
the progress and prosperity of the
South"