The times. [volume] (Richmond, Va.) 1890-1903, 1894-10-19
MANY NEW ENTERPRISES
A NUMBER OF HANJFA CTURfNG
C0YCERNs T0, EE ERECTED.
CoaiinusG Improvsm ent in Bank Clearlngs
and Railway Esrnings-The Zen
and siosi Trade.

BALTIMORE, Oct. is.--Spccial report;
70 the Manufacturers Record covering the
Industrial and railroad Interests OF the
South show that there IS continued Inn
prov.ment I'm bank clearings and railroad
sponaiss tine f u Year. There has been
iar dcgree o. Sc9sy ~ 'he esnrsss
and among tho leading ones reported for
the week were n $4,000 fertilizer factory
by northern people. aad i, q s;J 01,,n water
s-so,Oy0 gold mining company, &gJO cotton
manufacturing company. lumbe. plants
and furniture factory In North Carolina:
a $1,000 slate pencil works, coal mining
company. lumber mill ana electric plant
in Virginia: n s2j,eD0 cotton company.
$4,000 lumber mill. 5000 furniture com
pany and s. 90 machine company in Mis-
sissippi: a 5000 electric plant, ice plant,
brewery and large lubering plant In
Florida. a knitting mill and iron devel-
opment and electric plant in Alabama;
car-wheel works; soap factory, go!d
mine and electric plant In Tennessee.
Among the important new buildings
reported was $4,000 prison in Tennes-
public building, 5000 market and $1,000
church in Florida. a $1,000 church In
Georgia. and $4,000 block In Virginia.
CONDITION or THE IRON AND STEEL aRADE.
CLEVELAND. OHIO. oct. 1S-The Iron
Trade Review says to-day:
and steel selling centres Is that October
business Is not up 10 the pace set by
August and september. President Rob-
erts' statement that the material account
Of the Pennsylvania railroad Is less to-
day by 80 per cent. than II was one year
ago illustrates the extreme feebleness Of
the railway buying movement. i'm spite
OF the signs here and there that 10 Is bet
ter than that Of three or four months
ego. Active furnace capacity has in
creased at much less rapid rate the |
past month than In the preceding month. |
YET to-day pig iron production is AT the |
rate OF about $4,000 tons per annum. or |
only 10000 tons below the record OF |
the banner year. Another score OF fur |
naces in blast would mean an output at |
tho rate Of 1882. IL h plain that the pres |
ent pace will not be preserved long with
out an increase Of stocks, and the weak
ness .! pig iron prices that has been In |
evidence the past fortnight is proof Of the
disparity between production and current |
buying The heavy buyers seem for the
most part TO have been In the market IN
August and September. and small trans
actions arc again the rule. The situation
as 10 bessemer iron and soft steel has
but little. Billcts are affected
unfavOrably by the shutdown OF tin
plate mills, and deliveries extending
through the year have been contracted for
al $3.50 Pittsburg. while an important
western Pennsylvania buyer. IS SAID to
~" shaded that haure
The fact that with the new year the
outpul OF inc youngstown NOhlOD steel |
Mil viii be on the market. Is taken fuly |
into account by buyers. Steel makers
will then see the preliminary skirmish
leading up TO the greater struggling for
tonnage that viii be preciuitatcd when the
Lorain convcriers begin their work East
ern reports are less encouraging as TO
finished material. few OF the mills being
operated Oh as full time as in September
conn etitors have not been |
heard from OF late because no large br-
1ers have been III sight There are i-dl-
cations that the contest will be renewed
with old-time Vigor on the appearance |
Of tempting business. Bridge orders have
been the most encouraging feature OF
late from the standpoint OF western
mills. Chicago reports that the local steel
works Is well sold upon bilets for the
balance OF the year. a partial offset TO
the promised Increase I'm converting ca
pacity in the central West is the number
OF bona fde tin-plate mills building or
soon to be built.