The Democrat. (Scotland Neck, Halifax Co., N.C.) 1884-1896, 1891-08-06

MUCH ABOUT SOUTHERN
STATES.
WISE CAPITALISTS MAKING HEAVY
INVESTMENT \.

|
The Manufacturer Record OF
Jolly 25th says:
Shrewi financiers who recognize the
fact that the time to make invests
ments is during periods OF depression
caused by monetary stringency, and
who also appreciate the facts that
this country has not stopped grows
ing, and that Industrial development,
Instead of being oyerdone, is still IL
its infancy, as compared with what
the future will show, are quietly lay
ing their plans for important operas
tons. Their wisdom Will be seen
when activity returns, for then their
enterprises will be all ready to take
advantage of prosperous time'. The
movements Of capitalists in this di,
rectioD are illustrated by reports in
the Mdnuf act1trerS' Record OF TIE
purchase for i'm mediate development
of $4,000 acres Of iron and timber
land near New Castle, Va, at an
advance Of 200 per cent. over the
price which 1T sold for last S.ptem>
Der; the decision of the owners of
about 20 600 acres near the same
place to commence It's active devel-
opment and to construct ten-mile
railroad for t b s purpose; the
purchase of 5000 acres Of
iron ore property near Fred
erlcksburg, Va, the purchase
of the Columbia IS. c. canal for
$26O,0O2 by New England capitalist,
who will utilize it's great water power
by building cotton mills. etc; the
purchase of 600 acres of land near
Baltimore by Pittsburg manufact~
ures, who will build a manufaCtur-
Ing town the full organization of
50, 100000 company at New Bir>
mingham, Texas, composed largely
of Engllsh capitalists interested In
Middleshorougb, KY, to bald an iron
making town; the organization Of a
S2,0O0,0OO mining company to opc-
rate at Llano, the great Bessemer
ere center of Texas. These are q
few of the big things reported for the
week that indicate the tendency OF
capitalists to be oo the lookout for
good investments despite fiuancial
stringency. Among other enter
prises reported IN this weeks Issue
of the Ndnufactnrers' Record is a
Sl,OO0,OOO salt company in Ken
lucky a cotton mill at Charlotte, n.
G.; an $4,000 contract for water
works engines at Savannah; an $780,
900 rolling mill and cotton tie com
pany at Denison, Texas; $780,
900 sale of phosphate land in FloTid 3;
an increase Of $5G0,000 in the cap
tai stock Of gas and water works
company at Macon, Ga, for enlarge
ments; a 100000 phosphate com.
pany in Flordia; $4,000 woolen
mill company in Texas and q $780,
900 la1nbe- company In the same
State; 100000 company in West
Virginis; $4,000 improvement
company at Florence, S. c.. and a
100000 company at Raleigh, n. c.;
100000 voted for public improves
ments at Knoxville, Tenn; ST.
100000 construction company in
West Virginia; 500 COO improve
ment company in Manchester, Va,
one of $4,000 in Basic City, Va,
one of $4,000 in Louisville, KY;
$3.50 water works in Brunswick,
Md ;; $4,000 cation seed-oil mill
company in Texas; large fre-brick
works 10 South Carolina, &c. For
a midsummer week, with Europe
and America puzzled over financial
matters, this summary shows re-
ally remarkable degree of activity il
Southern development, and indicates
what may be expected this fall and
winter with q return Of confidence TO |
to the business world.
Tan Naaxa af I 10 nct