The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-09-30
THE SOUTH'S INDUSTRIES
A FALLING OFF AS COMPARED
WITH THE SECOND QUARTER.

/ The Result of the Unusual Stringency
in Business and Industrial Circles
and the Extremely Low Price of the
Last Cotton Crop-Decline in Land
Booms and Phosphate Enterprises.
scarcity of Ready Money.
CHATTANOOGA, TENN, Sept. 29.-The
BRIDESMAIDS review for the quarter be-
ginning July l ana ending Sept. 80, 1892, of
the new industries established in the south
ern states, comprising Alabama, Arkansas,
Florida, Georgia, Kentucky, Louisiana,
Mississippi, North Carolina, South Caro-
lima, Tennessee, Texas, Virginia and West
Virginia, shows total OF 597 new industries
established as against 825 for the correspond
ing period Of 1891. and 8S2 for the corre-
spending period of 1890. The aggregate shows
falling off Of 1S2 new industries as COM
pared with the second quarter of 1892. The
falling off is accounted for by the Trades
man by the Unusual strlngency in business
ana industrial circles consequent upon the
extremely low price Of the last cotton crop,
the tuu effect OF which 10 now being felt.
SCARCITY OF READY MONEY
The TrGdesmar says there has been a
marked scarcity of ready money in the
south, a prevailing Discrimination to embark
III any new enterprise, OF TO incur any new
obligations, and the gradual adjustment OF
values, which reached an unnatural
expansion during the real estate boom five
years ago. Matters, however are now re-
adjusting themselves, the distribution Of
money Is becoming more uniform, business
Is Improving generally in the south, and
letters received from all portions of the
southern states Indicate a much more hope
ful OF rba nd a
lsing outlook for the next few months.
WORKS ESTABLISHED.
Dur ing the quarter Just ended there have
been 3 agricultural implement works estab-
hshed, l in Georgia and in Texas; z
barrel factories have been established, IN
Alabama, IN Arkansas, 2 in Tennessee, l
IN Texas and in Virginia Two boot and
shoe factories and breweries have been es-
tabilshed during the quarter; IL brick and
tile works, 10 canning factories and ~ COM
presses and gins, which are pretty well dis
trlbuted throughout the different states.
FortY-nine cotton and wooden mills are re.
ported for the quarter, being the same num-
Der as was given IN the corresponding
quarter of 1891 and against rs for the third
quarter of 1890
DECLINE IN LAND BooMs.
The rapid decline Of the lend boom com.
panles of the south is shown by the fact that
only fourteen Improvement and develop
ment 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 establish
ment OF electric light companies continues
to be the features of the development Of the
southern states, 20 being reported for this
quarter against 80 for the same quarter OF
last year and 40 for the third quarter OF
1880. Forty five flower and grist mills are
reported for the quarter, Texas leading
with IL, Virginia and the rest distributed
among the other states.
FoUNDRIEs AND MACHINE SHOPS.
Notwithstanding the depressed condition
OF the iron market 81 foundries and machine
shops are reported, and while this is not up
to the same quarters Of 1891 and $780, still ,
under the circumstances, it is gratifying
showing Eight furnaces are reported for
the quarter, in Alabama, 2 in Georgia, 8 in
Tennessee, each in Virginia and Texas as
against for the So re quarter last year and
q for the third quarter Of 1890. Fourteen
ice factories are reported for the quarter
and Az mining and quarrying companies as
against IS for the same quarter of 1891 aud
! 50 for the third quarter Of 1890.
DECLINE IN PHOSPHATE BooMs.
Six natural gas and oil companies are re-
| ported and IL oil mills, as against % for the
| same period last year. The rapid decline OF
the phosphate boom Is shown in the fact
that only companies are reported for the
| quarter just ending, as against 49 for the
| same period last year. Seven tanneries are
reported, 80 water works companies. Texas
| leading with II, Tennessee 8, and the ball
| ance distributed in the other different states.
| The establishment of new wood rking
industries leads the list-147 being created
to this industry. Tennessee leading with "a,
! Texas II, Alabama 10. Arkansas 10, Ken
lucky II, North Carolina g. Mississippi, Vir-
ginia and West Virginia each. Georgia
and Florida s each, South Carolina 2, and
| Louisiana z. These, with the total Of IS
miscellaneous industries, make a total
| for the quarter OF 597.