The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-28
NEW soUTHFRN TNpusrR1Es.
The Trademarks Quarterly Report.
A Decline in Speculative Concerns.

craftsman in iis quarterly report for the
three months ending Sept 80, 1894. of the
new industries established in the southern
states, reports 500 industries incorporated
and organized in the south in the period
named, against 454 in the third quarter of
1893, 5g7 in the third quarter of 1892
and 159 in the third quarter of
1891. 1t shows, says the Tradesman.
that the worst period of the depression
occurred in the summer of 1898. and
that there has been a distinct recovery.
which is daily becoming more marked.
In the aggregate of new industries in the
quarter Just ended, Texas leads with 81,
Georgia is second with 55, North Carolina
third with Al, Virginia 45, Alabama and
Florida each A, Tennessee AZ, Arkansas
IS, Louisiana 36, Kentucky and West
Virginia each 81, Mississippi "A, South
Carolina H.
The most noticeable feature of the COM
pllatlon, says the Tradesman, is the fall
ing OF in companies of speculative
nature and the steady increase in indus
tries Of more useful character. In the
third quarter of 1891 there were 60 land
companies organized, against only 13 in
the past quarter.
During the three months the phosphate
industry in the south was increased by Il
companies-7 in Florida, 2 in Tennessee.
in Georgia and l in Virginia. Twenty
nine mining companies were organized.
One hundred and twenty-nine saw and
planning mills, box factories and other
woodworking plants were organized in
three months, Ala bama leading with 49,
Arkansas Ii, Florida Is, Tennessee 10,
Mississippi 10. tOrty-three tour and
grist mills were established, North Caro-
lima leading with 10, Kentucky and Texas
9, each, Tennessee and Alabama 4, each.
and the balance about equally distrib-
uted.
The Tradesman calls especial attention
to the substantial progress in the cotton
mill industry in the south in the past
quarter. and reports thirty-nine new es-
adjustments against twenty-five in the
corresponding period of 1898. Georgia
heads the list with 9, North Carolina has
z, South Carolina 5, Alabama and Texas
4, each, Tennessee 3, Florida and Louis
lana 2, each, Arkansas, Kentucky and
Virginia /, each.
There were Is new electric light plants
established, against II for same period of
1898, and We're equally distributed over
the south; 80 water works companies
were formed, against n in the same
period last year "A foundries and machine
shops were established in the three
months; Is cotton oil mills, 10 canning
factories, six barrel factories, s brick and
tile works and two blast furnace com
pauies were formed Notwithstanding the
dizziness in iron, besides "a miscellaneous
industries.
The Tradesman adds that reports from
all sections of the south point to a sub
stantial revival in manufacturing indus
tries, enlargement of old plants and very
marked increase in orders.
THE RECORDS WEEKLY SUMMARY.
al 60
ers' Record, in its weekly review of the
industrial and railroad interests of the
south, says:
Among the operations of northern
capitalists in the south reported during
the week are the purchase of an i'm
portant Florida railroad and 100, 600 acres
of adjacent land by New York people
Southern men have purchased large tracts
Of land in Tennessee and West Virginia
for. mining purposes. New York lumber
men have organized a 5000 600 company
and purchased $1,000 acres Of land in
Western North Carolina. New railroads
include twenty miles in North Carolina,
twenty-five miles in Kentucky and
forty-tive miles in Virginia The
increased interest in immigration
is shown by the formation of
several immigration companies. A New
England cotton mill company has decided
w bAAlu q gOOV'OOO mn III NTtOIBl duObubT
company is now looking for site for a
mill of about the same cost. Several
western bankers are looking for good To-
cations for four or five banks in the
south.
Among the industrial enterprises re-
ported for the week are 100000 iron
works, ~, 600 inveS tmenJ company, $50
600 wire works, knitting mill, machine
shops, water works. rope factory, $4,000
oh fnOF m 10 OF in
gia; a SO, 900 colonization company, large
planning mills, barrel factory, lumber
mills, gas works, furnaces, resuming, wa
ter works, telephone systems, cannery,
etc, in Virginia; 100000 bushel grain
elevator, extensive coal developments,
large marble mill in Tennessee: $4,000
publishing company, $4,000 improvement
company, new cotton mill, to replace one
burned s5U 900 importing company, lum-
Der mill, brick works, electric light plant,
in South Carolina coal mines, saw mills,
cannery, in Ala bama; ice plant, saw mill,
electric light plants, planning mill, ma
rlne railway, water works, in Florida
100 barrel -four mill, S6O0,0O lumber
manufacturing company, in North Caro-
lima; among the new buildings an
nounCed are TWO hotels in Florida; $50, 900
freight sheds in irginia; 1000 COM
pany to build hotel in South Carolina, new
IN THE WORLD OF IRON.
Cleveland, O., Sept. 27.-The iron Trade
Review to-day says: With the rail
roads still holding the key 10 the imme-
date future of the iron trade, there is no
reason to expect any abrupt variation in
market history, week after week. All
that can be said as 10 the buying by rail
roads is that the total is increasing, al nd
that car shops and rdll mills are feeling
the first indications of an improvement
that even mention might eAaggerate
With only 450, co. tons of rail delivered to
railroads in the first eight months of this
year. when mere renewal demands in that
time would ordinarily amount to more
than $4,000 tons, it can be seen that there
is much to be desired.
The past week has brought only a
moderate volume of business for most
classes of material. Pig iron buyers are
asking concessions on the few large
lots that are bought, and the feeling is
not as firm on any grade Southern and
cas- .ern producers who were asking an ad-
vance six weeks ago and who later held
close TO quota tions, have shaded prices in
the past week from 10 to IS cents A sale
of ZOO tons of southern gray forge at
9 % in Chicago indicates that the field
there is not being abandoned but for the
most part northern furnace men are still
making prices that take the business.
The drop in Bessemer pig is somewhat
more pronounced. but the amount in
volved in Pittsburg transactions is com
small buyers preterring to fol-