The times. [volume] (Richmond, Va.) 1890-1903, 1893-04-01
SOUTHERN INDUSTRIES.
A STEADY ADVANCEMENT IN BUSI-
NESS IN THE SOUTH.
A Statistical Report OF the Progress Made
In All Branches OF Trade-Bradstrcets
Review of Southern Trade.

CHATTANOOGA, TENN. March 81
The quarterly statement Of the Southern
Industries. prepared by the Tradesman.
Of Chattanooga. Tenn, shows that for
the first quarter OF 1893 the new indus
tries established exceed those Of the first
quarter Of 1892 by l9S. while for the first
quarter OF this year only eight develop
ment companies have been incorporated.
During the same period for las. year
twenty-seven were formed. The quarter
just ended also shows seventy-six cotton
and wooden mills established, ffty-eight
flour and grist mills, twenty-nlne canning
factories forty oil mills ana The build
ings Of thirty-two water-works plants.
That the extensive timber interests Of
the South are not only attracting atten-
ton, but capital. is shown by the fact
that 49, new woodworking plants have
been established during the past quarter
as against 10 IN 1882, and ~ in the first
Quartar Of 81. Tennessee heads the list
with thirty-three now Industries in this
line 10 her credit; Georgia and North
Carolina are close rivals, with twenty
four and twcntv-threc respectively. All
Cf the Southern states. however. are well
sppi. with seven. beng the smallest
number. Seventy-six textile industries
were established i'm the quarter, as against
twenty-cight IN the 1rst quarter Of 20,
and forty-fve in the same period Of ~.
and the very general character of this
development is shown by the fact that
only three StateS-Arkansas, Kentucky
and West Nirginia-aTe not represented
i'm this total. Alabama leads the list.
eli
Georgia, thirteen: South Carolina. eight,
Virginia, five: Mississippi four, and
Texas and Tennessee three each, and
Florida and Louisiana one each.
This quarter shows fifty-eieht -four and
grist mills established. as against twenty
nine for the same quarter of %.
The increasing demand for cotton-soed
oil and its products. together with the
advance in price which has recently
taken place accounts for the large num-
Der Of new oil mills organized during the
quarter, a total Of forty, as shown
against ten in '92 and eight I'm the same
quarter Of o. over half Of the total
number being located i'm Texas and the
remainder scattered throughout the other
cOtton-growing States.
Twelve brick and tile plants are re-
ported. twenty-five cotton congresses.
twcnty-One electric light plants. twenty
'-t+"N
ice factories. thirty-twO water-works
plants. with ninety-three other miscel-
laneous industries.
Bradstreets Review.
NEW YORK. March 3l.-Bradstreets
tomorrow, April 1st will say:
Cooler weather generally has improved
the prospects for spring trade. but with
out increase in distribution. Throughout
Eastern and New England States trade
is quieter, due 10 the reflection Of the
late Interruptions TO business North and
South. In Central Western States
fair movement Of merchandise is reported,
and although prospects are improved
Northwest business continues retarded
there. South il remains quiet.
The fair demand for dry goods. hard
ware and plantation supplies at Memphis,
and satisfactory trade at Houston, and
good demand for lumber at Galveston,
constitute favorable trade features at
the South. Business is slow al Charles
ton. where rice merchants are steadily
reducing stocks Manufacturers at At
lanta report trade satisfactory, but retail
dealers say they are behind in sales,
owing TO scarcity Of ready money at the
interior ROsin is firm. but turpentine
is relatively slow at savannah, where
business is quiet. The close Of the
month brings a falling off In volume In
goods dlSlIlpul'u from .Nt" vi l'1li9'
where cotton and rice are depressed
while sugar is active and buOyant. The
prospect is still for a larger cotton acre
age. but reduced rice acreage Is prom
iscd. The recent excitement a Nash
VILE. due 10 the embarrassment Of banks
there has subsidel, and country banks
are depositing at Nashville again, whore
every arrangement IS made TO provide
for the financial needs Of merchants.
Some reports telegraphod regarding the /
situation have been misleading. Trade |
there is generally quiet and collections |
fair
NEW YORK, March 3l.-Business fail !
ures last week number: For the United |
States. lie: Canada, 2S Total. IA.