The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1891-11-06
SOLID SOUTHERN GROWTH.
New Movemsnts Thut Te,ed. far
Southern rnsAdvancement. -

SSoWs - -nhoVeInenSs Iudt Eoz1Sa- fur
-''-- Southern sAdvancement.
The Manufacturers Record, of Balti-
more, of October 81, in reviewing the in
dustrial progress of the South, saws:
"Ihe 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-
yelopment is commanding increased at
tention. Shrewd capitalists, realizing
the intrinsic value of good mineral and
timber properties, arc 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-
tlvity 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
SOC, 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 200, 900 bushel grain cleva-
tor at cost of 5000, 600, and large en-
gagements 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, 600 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 $780, 900 water works COM
p"ny at Helena Ark. acid and chemical
works at Portsmouth, Va. $3.50, 900 de-
Velopment, mining and manufacturing
company in Florida; a $50. 900 and a
flO,0 600 manufacturing company in West
Virginia; $50, 600 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; 900 barrel
Hour mill, Baltimore; $102, 900 devcl-
opment company at Chester, s. C.. large
lumber mills at Irvine, Ky; a $500, 600
general manufacturing compan at New
Orleans; q 800, 900 ordnance company.
Alexandria. Va; $50, 900 automatic.
sprinkler company, Columbus, Ga. ; $780,
0OO 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, 900 cot
tonseed-oil mill company, Corsicaua,
Texas; q 500, COO electric light manufac-
turing company, Cumberland, Md, etc.
''This summary shows steady, solid
growth all along the line, and indicates
very healthy development activity that
promises we'll for the rapid increase in
the progress and prosperity of the
South p"