The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-02
DEVELOPMENT oF THE SOUTH
A Total of A44 Industries Inoorpo.
rated in the Last Quarter.

rated IN the Last Quarter
Chattanooga Tenn, oct. The re-
7 port Of the Industrial development Of the
south for the third quarter Of 1893, end
/ ing sept. 30, as compiled by the Trades
man, shows a considerablcsfalling off in
/ the number Of new industries reported as
I compared with the same period of 1891
and 1892 The Tradesman says
that a careful examination of
/ the report. however, shows
that the decrease has been largely in en-
/ terprises OF somewhat speculative
nature. Observation-Disclosures Of industries
| for the utilization and development of the
natural resources of the south show a
most gratifying average when the finan-
cal condition of the country for the past
| three months is taken into consideration.
The Iradesman reports for the quarter
444 industries incorporated, as against 597
Tor the same quarter Of last year, and
eighty-fve for 1891.
LAND SCHEMES NOT so NUMEROUS.
The report for the quarter just ended
shows seven development and improve
ment companies organized as against
sixty in 1891, and while fOrty-three phos-
phate companies were organized in 1891,
only seven are shown for the third quar-
ter Of 1893. While it is true that there
has been great falling off in the number
of companies embarking in the phosphate
industry during the quarter and year, it
IS a fact that the industry is on more
substantial basis than ever before, and
the projectors of the new companies are
practical and experienced men.
WOODWORKING AT THE HEAD.
Woodworking in its many forms, from
saw mills to furniture factories, has al
| ways been at the head in the quarterly
reports, and it still maintains its lead
with 1872 new establishments as against
l47 for same quarter last year. Virginia
Is first with II, North Carolina IS. Ten
| nessee IA, Texas and West Virginia -
each, Louisiana II, and Georgia and
Florida each have to their credit.
Decided activity has existed during the
quarter in the development of the min
| eraI resources of the section, as is shown
by the organization of SO quarrying and
mining companies for the quarter, as
| against 40 in 1892. Every state is repre-
sented in this development with the ex-
ception of Louisiana.
Thirty-three new -four and grist mills
are reported as established during the
quarter as against 45 for 1892, and "a for
the same period of 1891. This gratifying
showing demonstrates that diversified
crops have created and sustained a de-
mand for mills wherein to prepare at
home the flour and meal feed which were
formerly brought from the west and
north, Only three states, Arkansas, Ken
lucky and Mississippi, are unrepresented
in this development.
THE TEXTILE INDUSTRY.
The textile industry, as is to be ex-
pected, shows falling off for the quar-
ter. The large amount of capital re-
CURED for the starting of a cotton or
wooden mill, coupled with the financial
condition, crop uncertainties and market
fluctuations, account for the formation Of
only % new mills, whereas, in 1892, and in
1891, 40 were reported in each quarter.
a further examination of the report
shows n new waterwOrks companies or
gained during the quarter, and II foun
dries and machine shops, quite a falling
off as compared to the same period of last
year.
Four shoe factories are reported, 10
brick and tile works. 70 canning fac
tories, IA congresses and gins, 10 distil-
leries, II electric light companies. 9 ice
factories, 6 natural gas and oil companies.
ID cotton seed oil mills, tanneries and 80
miscellaneous or unclassifed industries,
making the total of the quarter IA.