The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-06-28
DIXIE MOVING ONWARD.
A GOOD SLOWING MADE For THE
QUARTER JUST CLOSING.

A GOOD sHOWIN9 MADE FOR THE
, QUARTER JUST CLOSING.
Seven Hundred and Seventy-ei9ht
New Industries Incorporated and
Established and ais Contemplated
and in Process OF Formation-A De-
cided Falling off Ia Developments
and Phosphate Companies.
CHATTANOOGA, TENN, June 27.-Tbe
Trddesmdn. In its review Of the Industrial
development of tho south during the second
quarter Of 1892, reports total OF rs new
industries Incorporated and established. and
2l3 contemplated and in process of forma-
tion. making total OF 99l established and
contemplated. against 800 for the corrs-
spending quarter for 1891 and 1881 for the
same period Of 1890.
The IrddesmGn states that while the
total number of industries established and
contemplated for the quarter now ending
shows healthy growth in most lines of In
dustry In the south, it is still fact that the
marked depression of trade, due Co the
stringency In the money market, which has
been felt to a considerable degree in the
south during the past year, has retarded tbs
growth aud establishment of many new In
dustries that would otherwise have
been completed. During the past two
months. however, very decided improve-
ment has taken place in industrial matters,
and all th g indications now point to a sea-
son OF marked activity In the industrial
growth of the sou thern states. The recent
Improvement in the lumber market has
stimulated the establishment of new wood
working plants, and manufacturers are
now better prepared to make improvements
In their plants. While there has been no
change In she price of iron, there is now an
improved condition apparent, and It is pre-
dicted that there will be a steady, gradual
improvement.
ooTToN's ADVANCE.
A slight advance In cotton has also stimu-
lated the textile industry OF the south, and
the establishments OF new plants In this line
have shown decided increase over the
quarter of last year.
During the quarter shs Trddesmdn re-
ports the establishment Of agricultural
implements works. Texas having and
Georgia one.
Two barrel factories were re-establlshsd
in Tennessee, being the total for the
quarter.
Six boot and shoe factories were erected,
Q in Georgia, Q in Virginia and each in
Kentucky and Tennessee.
Five breweries began work, each In
Alabama, Kentucky. Tennessee, Texas and
West Virginia.
The development of the canning industry
is shown by the fact that 30 plants we're es-
tablished, Georgia leading with Z and the
balance being distributed among other
southern states.
Twenty-six compresses and gins have
been erected, Texaa leading with Is and
Alabama and Georgia having each.
The activity In the establishment Of tex
tile plants is shown by the fact that 50 have
| been established during the quarter, North
Carolina being credited with 10, South
Carolina with IL, Georgia with II, Alabama
| with s, Kentucky, Mississippi and Tennes-
| see with 2 each. and louisa na with |. This
is an increase In this industry over the cor
responding quarter OF last year of 25.
FAILING OFF IN BOOM COMPANIES.
Only IA Development and improves
ment companies have been established dur
ing the quarter. against % In the
same period last year.
Thirty-three electric light plants have
been established during the quarter az
against 20 for the second quarter of 1891.
The establishment Of Touring and grist
mills shows q decided increase-th9re hav-
ing been so established as against 10
for the same quarter last year. Ten
nessee leads with H. Texas following
closely with 10 and the others being
| distributed.
The establishment of foundries and ma
chinery shops has about held its own the
last quarter. 40 being reported, 8 being
credited to Alabama. z to Georgia and
6 to Tennessee.
The manufacture of pig iron In the south
| Is attracting outside investors on account OF
the exceptional advantages offered. as is
| shown by the establishment OF 10 fur-
| naces for this quarter as against 8 for
| the second quarter last year.
Twenty-one ioe factories have been estab-
| iished and "A mining and quarrying
| companies have been organized.
Seven new natural gas and oil companies
| have organized, and AZ mills have
been established. half Of tho number being
| in Texas
The phosphate industry shows q decided
falling off for the current quarter as COM
pared with the corresponding quarter OF
1891, Ia companies have been organized, as
against 81 last year.
The wood working industry shows a de-
cided increase, 1872 plants being reported for
the quarter. The number 10 very generally
distributed among the states.
One hundred and I've miscellaneous plants
are reported, making the creditable total
for the quarter OF 99l.