Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1891-11-07
NO. s.
solid GROWTH.
New Movements that Tend for South.
ern Advancement
Heavy Grain and Cotton Exports--Many
New Industrial Enterprises
Organized.

New Industrial Enterprises
Organized.
The Manufacturers Record, Of Baltimore,
in reviewing the industrial progress OF the
South, says;
The business situation throughout the
South continues q improve, and the outlook
for the future is very promising, Speculative
operations are no, in much favor, but the work
ofsolid business development is commanding
increased attention. Shrewd capitalists real
ising the intrinsic value Of good mineral aud
timber properties, are making number Of
purchases, and mainly for immediate develop
mont 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 in
creased activity in the sale OF lands aud in
the organization Of mining companies, seven
new companies have been reported during the
week with capital stock Of from $50 zoe to ST..
100000. In Alabama very important con.
tract was closed, securing the building Of
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 also
calls for eoal-mining and coke making opera
tons at Tuscaloosa AT Galveston the con.
tract has been closed for building |, 000, 600
bushel grain elevator AT cost $780, Oo, and
large engagements have been made for grain
shipments from New Orleans this winter,
while At Baltimore the grain trade Is 80 active
that on two days alone charters we're made
for the export Of Q 500. 900 bushels to Europe.
he
due in large part to the perfect weather for
gathering the crop, and southern ports are
crowded with vessels loading for Europe. In
general industrial matters there is steady pro.
gress, and among the new enterprises reported
fot tho week are 500 600 waler-vorks COM
psny at Helena, Ark; acid and chenscal
works at Portsmouth, Va; S25l, 900 develop
m1ent, mining and mapufpelnrpg company in
Florida; n ~. 600 aud a SO 900 mRuuiActur.
ing company in West Virginia; a $50. 900
knitting-mill company, Norfolk, Va; $780,
9 VeOo compress company Americus, Ga; a
Covington, XVI a rolling mill aud sash aud
door factory atTyler. Texas. "a 200.harrel aour
mill, Baltimore; Si02, 600 development COM
pany at Chester. s. c.; large LUMBER mills at
Irvine, KY; a $4,000 general -manuiaciur-
ing company At New Orleans; 81, coo, 900 or
dinance company, Alexandra, Va; $50 900
automatic-sprinkler company, Columbus, Ga;
aSi00, 600 development company, Richmond,
Va; 30 ton ice factory Mobile, Ala. aud
one Of same size At Fort Smith, AK; reirlger.
ator works, Hot Springs. Ark; water works,
La Grange Ga; tobacco factory, Grrcnvillc,
N. CT a S25,O0l oottonseodoii and manufac-
turing company. Corscana, TcSas; 100000
electric light manufacturing company, Cum.
berlnnd, Nd, etc.
''This summary shows steady, solid growth
al along the line, and indicalesA very healthy
Development activity that promises well for
The rapid increase in the progress and pros.
perity Of the South"