Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-28
THE SOUTH.
FIGURES SHOWING ITS INDUS.
TRIAL DEVELOPMENT.
The Stringency in the Money Market Ha.
Failed to Check the Flow of
Capital South.

CHATTANOOGA, Tenn, June 81. - The
Tradesman's report of new industries es-
tablished in the Southern States during the
second quarter of 1891 shows total of 1872,
against a total for the second quarter in
1890 of 1850, and the second quarter of 1889
of 55S. The Tradesman says: While the
number of new industries established for
the second quarter of this year is not up to
that of the corresponding period of 1890,
still the industrial interests of this section
are in very healthy condition. A noticea-
bic feature for the past three months has
been the amount of capital invested in en-
terpriSes. When the recent stringency in
money markets is taken into consideration
the industrial activity in the South for the
past quarter is very gratifying, and justifies
the assertion that in no section Of the
country are the industrial interests in a
more healthy condition than in the South.
During the quarter ending July 1, there
were established in the Southern States
four agricultural implement works, four
barrel factories, three boot and shoe fac
tories, one brewery and thirty-nine brick
works, Virginia leading with seven, Ala
bana six, Georgia. Kentucky, North and
all of the Southern states contributing one
or two to make up the total. Sixty-two
large development and improvement COM
panies have been organized during the
quarter, Tennessee leading with twelve,
Virginia ten, South Carolina eight, North
Carolina one and the balance being evenly
distributed in other states. Twenty-nine
electric light companies have been organ
lied against fOrty-nine for the correspond
ing quarter of last year. Seventeen -four
and grist mills have been established and
forty-seven foundries and machine shops
against ten for the corresponding quarter
of 1890. Eight furnace companies have
been organized, nine gas works
and sixteen ice works. Fifty-seven
mining and quarrying companies
indicate the marked interest that
is being attracted to this industry in the
South. Twenty-three oil mills have been
erected, and thirty-seven phosphate COM
panies have been organized The extensive
deposits of phosphate that have recently
been discovered in florida, have given q
great impetus to phosphate in the South,
and large amount of capital has been in
vested in the land In the past six months.
One hundred and sixteen railroad compan-
les have been chartered, three rolling mills
erected, and thirty EIGHT street and electric
railways have been incorporated. One
hundred and fifty woodworking establish
ments have been erected, against 225 for
the same quarter last year. The establish
ment of new woodworking establishments
in the South has been safe, and large
number of fully equipped plants have been
erected, and the splendid timber resources
of this section are in fair way to be
thoroughly developed. The number Of
ceeds that of any other industry, and with
the 125 miscellaneous plants established
during the quarter bring the total up to S92
which will certainly be a gratifying show
ing to all who are interested in the indus.
trial development Of the South.