Iuka reporter. (Iuka, Miss.) 1888-1894, 1891-11-26
SOUTHERN DEVELOPMENT.
No Material Change in the General
Business Situation for the
Past Week,

The Manufacturers Record, of Bal
timore, in reviewing the industrial
progress of the South says:
"The general business situation
throughout the South shows no mate
rial change industrial interests con
tinuing to make satisfactory progress.
The movement of cotton is still very
heavy and foreign shipments active.
The indications showia very decided
tendency of Western produce to seek
outlets to foreign maj kets through
the great South Atlantic and Gulf
pc IS, and railroad capitalists are
more and more showing their appre
citation of this fact. Thus in addition
to the many large inland manufactu-
ring and trading cites which are grow
ing up in the South, this suction is
certain to build up great seaport cities
at Newport News, Norfolk, Charles
ton, Port Royal, Savannah, Pensacola,
other points where good harbors can
be created at a moderate cost. The
development of larger trade with
the West Indies and South America
and the construction of the Nicaraug-
nan canal will both prove of enor
| nous value to the South by furnishing
new markets for Southern agricultu-
raj and manufactured products, and
by making Southern ports great ship
ping and trading centers. In every
| direction evidences are accommodating
OF the solid growth of Southern bust
hess Interests of all kinds, and the
outlook is very bright During the
| past week the organization of new in
dustrial enterprises has gone on stead
lly, and among the leading ones re-
ported are; Projected iron and steel
works TO cost $4,000 at San
| Antonio, Texas, to use the Bessemer
lfes or Llano, and while this has not
oeeh consummated yet, negotiations
tor 1t are pending; in Florida 200
acres OF phosphate land has been sold
to Chicago capitalists foi development,
The price reported being $500, 900, and
another sale of 1000 acres at re-
ported price of 1925, 900 has also been
closed; in Baltimore a $500, 900 ice
manufacturing company is building a
large Ice Factory, and will probably
erect several others; 800, 900 cleo
tilc light company has been organized
IN Morgantown, w. Va; a $40, 900
manufacturing company, San Antonio,
lexas; barrel factory, Waycross, Ga.
a S5oo, 900 development company,
Bridgeport, Ala; S25 900 paper box
company, Richmond, Va; a S25 900
water works company, Giddings, Tex;
sloo,e ESQ manufacturing company,
Coyington, KY; $500, 900 street paw
ing contract, Houston. Texas; wooden
mil, Greensboro, Ky. paint works,
buena Vista, Va; $4,000 planning
mill near Ocala, Fla, $50 200 fannie
acid plant, Knoxville, Tenn, coal
mining company, Eagle Pass, Texas;
| tooaeco factory, Georgetown, KY; a
SZo,oO0 manufacturing company,
Charleston, W. Va; 100000 lumber
company, Georgia; u $4,000, 900
freight car company, Newport, Ky. !;
s2o 200 furniture factory company,
Frankfort, Ky; $40, 900 electric light
and gas company, Tnylor, Texas; a
W., oO0 grain elevator company, Fred
erlck. Md. saw mill, Shendum, Va. !;
a 500, GOO coal and fire clay company,
Hot Springs, Ark. In North Carolina,
where there is considerable nickel
there are rnmors of nickel steel
making company; at Greensboro, lin
tho same State, the corner stone has
sLeen@iafd for the first large modern
Furnace. and the first one built for
coke, ever constructed in that State.
| the buil1in4.---.-..---'1Es furnace Is an
---,9"eor great Importance to the Car
olihas' where high grade Bessemer
ores are found in abundance, the de-
Veiopmeat of which will add i'm
ll,ehseiy to the prosperity of both
States"