The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1892-10-05
Down to Hard Pan.


lfadesman's review for the quarter be-
ginning July LIST, and ending Sept. 80.
1892, of new Industries established in the
Southern States, comprising Alabama,
Arkansas, Florida. Georgia, Kentucky,
Louisiana, Mississippi, North and South
Carolina, Tennessee, Texas, Virginia and
West Virginia, shows total Of 597 now
industries established as against S26 for
the corresponding period OF 1891, and
$50 for the corresponding period OF 1872.
The aggregate shows falling off OF
1872 new Industries as compared with the
second quarter of'92. The falling off il
accounted for by the I''adesman by the
universal stringency in business and in
dustrial circles, consequent upon the
extremely low price Of the last cotton
crop, the full effect Of which is now being
felt.
The 1sadesman says that there has
been great scarcity Of ready money in
the South, prevailing disinclination to
embark in any new enterprise or incur
any new obligations and gradual ad-
justment of values which reached an
unnatural expansion during the real
estate boom five years ago. Matters,
however, are now readjusting them
selves, the distribution OF money In bo-
coming more uniform, business IL i'm
proving generally in the South, and
letters received from all portions OF the
Southern States indicate much more
hopeful view Of the situation and
more promising outlook for the next few
months.
During the quarter just ended there
have been three agricultural implement
works ons in Georgia and two in Texas.
Seven barrel factories have been estab-
lished, two in Alabama, one in ArkansaE,
two in Tennessee, one in Texas and ono
in Virginia. Two boot and shoe factories
and two breweries have boen established
during the quarter, thirteen brick and
tile works, fifteen canning factories, and
nineteen congresses and gins which are
pretty we'll distributed throughout the
different States. Forty-nine cotton and
wollen mills are reported for the quar-
ter, being the same number as given in
the corresponding quarter of 1891 and
against seventy eight for the tho third
quarter of 1890.
The rapid decline Of the land boom
companies Of the South in shown by the
fact that only fourteen improvement and
development companies are reported for
the quarter as against sixty for the third
quarter of 1891. Only one new distillery
is reported for the quarter. This is in
Kentucky. The establishment ofelectric
light com panies continue to be the fea-
ture .; development from the southern
States, twenty-nine being reported for
this quarter against thirty-tbree for tue
same quarter last year and forty for the
third quarter Of 1890.
Forty-fve flour and grist mills are
reported for this quarter, Texas leading
with twelve, Virginia nine, and the rest
ls1kr kn1 ho Gfnfdd
Notwithstanding the depressed condition
and machine shops are reported and
Of '91 and go, still under the circum-
stances it is a gratifying showing. Eight
furnaces are reported for the quarter,
ono in Alabama, two in Georgia, three
in Tennessee, one each In Virginia and
Texas as against nine for the same quar-
ter last year and twenty y-seven for the
third quarter Of 1890. Fourteen los fac
tories are reported for tho quarter and
forty mining and quarry Ing as against
forty eight for the same quarter OF '0l and
eighty-fve for the third quarter of'o0.
Six natural gas and oil com panles are re-
ported and eleven Oil mills as against
twenty-three for the same period last
year. The rapid decline Of the phosphate
boom Is shown in the fact that only eight
companies es are reported for the quarter
just ending as against fortyvthree for the
same period last year, Seven tanneries
are reported. thirty-eight water works
companies, Texas leading with eleven,
Tennessee six and the balance in the diff
ferent States.
The establishment Of new woodwork
ing Industries leads the list, 147 being
credited to this branch Of indutry, Ten
uessee leading with thirty-four; Texas,
seventeen; Alabama, sixteen Arkansas.
olins, oI5 ,I nine Louisiana, Mississippi, vir-
ginia and West Virginia, seven each {;
Georgia and Florida, eight each, aud
South Carolina two. These, with the
total of eighty-five miscellaneous indus
tries, make the total for tho quarter end
-, n, S07