The Durham daily globe. (Durham, N.C.) 1889-1894, 1894-08-10
THE SOUTH.
The Manufacturers Records List of New
Southern Enterprises.


BALTIMORE, Md August 9.-The Man
ufaCturers, Record in its weekly review
of the business situation South says:
Taken as a whole, the southern crops
will probably be larger this year than
ever before OF corn, all reports say
that crops is unprecedented the outlook
for cotton, based on acreage and present
condition, indicates a crop of from l 900,
900 to 100000 bales; the smaller crops
have nearly all done well, thus giving
the South the full measure of abundant
crops of all kinds. Necessarily this means
great traffic for southern railroads. The
southwark tendency Of population adds
to the strong position Of the railroads.
The reorganization Of the Richmond
Terminal properties into one combina
| tiOn in advance Of the completion of the
re organization Of any Of the other great
systems now in the hands of receivers
emphasizes the favorable situation in the
| South speculation having nothing in
the western railroad situation to feed
upon, as short crops give little encour
agement for much improvement in the
near future, is more than likely to
| be lrned to southern securities, where
the!e is s foundation for an advance in
Railroad securities. Southern railroads
are already beginning to show some in
crt;ts" in earnings This will become
more pronounced within the next month
OF two. Under these circumstances we
may look fnr concentration of public
attention to southern railroad affairs
! likely to start IA upward movement
which may even 90 100 far
One Of the noticeable features of
! the southern industrial situation is the
tendency Of northern and western capital
to seek investment in timber lands
Recently large bodies of timber in West
Virginia, LDui-iana Florida, North Caro-,
lima and other states have passed into the
hands Of western timbermen, who will
begin numbering operations on large
scale, while negotiations are pending for
many other tracts. A letter to the Manu-
f4cluIers' Record tells of extensive zinc
ami lead ore developments in East Ten
nessee, where ores in great abundance
have been opened up. The number OF
new industrial enterprises shows an in
crease over recent weeks, and includes a
$500, 1000 lumber company, $4,000 new
cotton mill company, large wood work
ing plant, plating works and tobacco fac
tory in South Carolina; a $4,000 com
press company, fibre factory and saw
mills in Alabama; a $4,000 cOmpres:
company, $4,000 loan company, $4,000
brick company, 100000 compress com
pany and cotton gins in Texas; 800,
600 tale company, cotton mill addition:
and lumber plant in North Carolina; 1
So 900 mill company, water works ant
. hour mill in Kentucky: a 100000 ict
= company, $4,000 dry kiln company
5000 publishing company, $4,000
bridge company, $4,000 organ building
company, 100000 manufacturing com
panY, and 100000 straw goods works il
Maryland; a $25 900 lumber company
: and two S5oo,ooo lumber companies II
West Virginia; a $4,000 quarry com
pany, $50 200 mercantile compan hard
ware works, water company, etc in Nir
gina phosphate mines and furniturt
| works in Tennessee; a $4,000 bridg'
! company in Arkansas; lumber plants
electric plants, brick works, water works
sewer system in Florida; q $l25,00
manufacturing COmDauV larpe pyritI
mining enterprise, gold mines and DO.
factory in Georgia and a sugar factory il
Louisiana.