The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-29
DIXIE'S DEVELOPMENT.
a THOUSAND NEW INDUSTRIES IN
THREE MONTES.

The Record Only Seventy Behind
That for the Same Period in 1890.
The South Has Held Up Well but
the Tightness OF Money Neverthe.
less Seriously Felt.
CHATTANOOGA, TENN. Sept. 2s--In its
edition Of Oct. the Tradesnsan will pub
lish a review of the Industrial development
Of the south for the third quarter Of 1891.
The number of new industries
established during the past thres
months reaches total of 1000 as
compared to 1,O7o for the corresponding
quarter Of 1890 and S25 In the same quarter
OF 1889. The Trddesman says that while
the number of new industries established OF
reported in the third quarter of the current
year is nearly equal to the number of new
industries established for the same quarter
of 1890 it is not believed that as large pro.
portion of this number have gone into
actual operation.
RETARDED BY TIGHT MONEY
While it is generally conceded that the
south has withstood the recent stringenoy
in the money market even better than tue
north, still it is believed that many Of tbs
4
southern states during the past quarter
have been retarded, and In some GASES
abandoned, owing to the tightness OF
money matters. Notwithstanding these
difficulties, however, the industrial
interests Of the south have maintained
remarkable activity, and after making due
allowance for those industries that have moi
gone into active operation, this section will
still show healthy and substantial growth
| for the past three months.
NO CAUSE FOR DIscoURAGEMENT.
Those interested in southern DEVELOPMENT
certainly have no reason TO feel discouraged
over the showing made by the southern
states for the past quarter, and with bright
ening prospects for renewed activity Ia all
industrial matters, it is believed that the
next quarter will show a very marked in!
crease in the establishment of new industries
over the one just ended.
RECORD OF THE QUARTER
During the quarter ending Dot. thert
were established in the southern states :
boot and shoe factories, 5 breweries. 90
brick and tile works. 2 car works, IA can.
ming factories, congresses and 40 cot.
ton and wo0len mills, North Carolins
lending in this line of development
with twelve to her credit; Alabama having
eight; Georgia seven, and others equally
divided among the remaining southerr
obeAAo9s PAAlf aQQ lfnDTON0
ment companies have been organized in the
south in the past three months, and while
many OF these may not reach the point oi
actual operation, still marked improvements
in many sections is largely due TO thess
agencies and there is wide field for Their
to cover. Thirty-three electric light COM
pRnies have been organized in the past
quarter, twenty-four flour and Rrist mills
and fifty nine foundries and machine shops
as COMPARED with the corresponding quar-
ter Of 1890. The esta bllshment Of machine
shops and foundries is gratifying feature
iu southern development, as this section il
sadly in need Of plants for the productioH
of finished iron. There have been nint
furnaces established during the past three
months; hfty-eight mining and quarrying
companies have been organized and twenty
three oil mills erected.
FLoRIDA's PHOSPHATE INDU srRY.
The remarkable development of the phos.
phate industry in Florida is shown by the
fact that thirty-elght companies have beer
organized in that state for the development
Of phosphate lands; also one IN Georgia, one
| In Kentucky and three In North Carolina
making total Of forty three for the quarter
One hundred and twenty-six railroad COM
panies have been organized, which, after
making a liberal allowance for those that
will not beput In operation, gives conclusive
evidence OF the activity in railroad COM
struction In the south and, further
that this section will soon equal, il
not surpass in transportation facili.
ties, any portion Of this coun-
try. During the past three months
six rolling mills have been established.
thirty-nine street and electric railways.
Texas leading with twelve to her credit
Alabama, George and Tennessee having
five each; Arkansas and Florida three
each; Louisiana and North Carolina two
each and Virginia and West Virginia one
each.
WOODWORKING ESTABLISHMENTS.
Six tanneries have been erected, 81
water works and 213 woodworking estab.
lishments, this industry leading all others
in the number OF new companies organized.
The establishment Of wood working plants
hasbeen very equally divided in the different
southern states and the timber resources
OF this section are rapidly being utilized
With Ill miscellaneous enterprises re-
ported, the total for the past quarter makes
very gratifying showing when the con.
ditions surrounding industrial develop.
ment during the past three months are
taken into consideration.