The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-10
SPECULATION IN THE SOUTH
Capitalists See Greater Possibilities
Here Than Elsewhere.

Big Crops Insure an Increase in
Southern Railroad Trafno-Specula-
ton in Southern Securities Sure to
Set in Negotiations in Prog
ress for Vast Areas of Timber Lands.
A List of the Important New In
dustries Just Launched.
Baltimore, Aug. 9.-The Manufactur-
ers' Record, in its weekly review of the
business situation south says: Taken as
a whole, the southern crops will proba-
bly, be larger this year than ever before.
OF corn. all reports say the crop is IN
precedented; the outlook for cotton, based
on acreage and present conditions, indi-
Gates a crop of from 5000 600 TO 1900. 900
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 a great traffic
for southern railroads. The southwark
tendency of population adds to the strong
position of the railroads. The reorgani-
zation of the Richmond Terminal proper
ties into one combination in advance of
the completion of the reorganizations of
any of the other great systems now in
the hands Of receivers, emphasizes the IA
vorable situation in theisouth."
TEMPTING TO SPECTATORS.
Speculation, having nothing in the
western railroad situation to feed upon
as short crops give little announcement
for much Improvement in the near future,
IS more than likely TO be turned to south
ern securities, where there is a founda-
ton for an advance in railroad securities.
Southern roads are already beginning to
show some increase in earnings This
will become more pronounced within the
next mouth or two. Under these circum-
of public attention to southern railroad
affairs likely to start an upward move
ment which may even go too far.
CAPITAL AFTER TIMBER LANDS.
zone of the noticeable features of the
southern industrial situation is the ten
dency of northern and western capital to
seek investment in timber lands. Re
| Gently large bodies of timber in West
| Virginia, Louisiana, Florida, North Car
| DINA and other states have passed into
the hands of western tim bermen, who
will begin lum bering operations on a large
scale, while negotiations are pending for
many other tracts.
"a letter to the Manufacturers Record
tells of extensive zinc and lead ore devel-
! opments in East Tennessee, where ores
in great abundance have been opened
up
NEW INDUSTRIES.
The number of new industrial enter
prises show an increase over recent
weeks, and includes a $780, 900 lumber
| company, 100000 new cotton mill com
pany, large woodworking plant. plating
works and tobacco factory in South Caro-
lima $4,000 compress company, fiber
factory and saw mills in Alabama; a $780,
! coo compress company, $4,000 loan com
| pany, $4,000 brick company, 500. 600 com
! press company and cotton gins in Texas (;
| 100000 tale company, meal mill, to-
| bacco works cotton mill additions and
! lumber plant in North Carolina: a
S25, 900 mill company, water works and
/ hou: mill in Kentucky; a 800. coo
/ ice company, $4,000 dry kiln company,
/ 5000 publishing company, So, coo bridge
! company, $4,000 organ building company,
/ $4,000 manufacturing company aud $780,
600 straw goods works in Maryland. a
! S25, 600 lumber company and two 500, 900
| lumber companies in West Virginia a
! $4,000 quarry company, S., 900 mercantile
company, hardware works, water com
pany, etc, in Virginia; phosphate mines
/ and furniture works in Tennessee; a
| Sll 600 bridge company in Arkansas lum-
Der plant, electric plants, brick WORKS,
| water works. sewer system in Florida; a
! Sl25,OO0 manufacturing company, large
| pyrites mining enterprise, gold mines and
| box factory in Georgia, and a sugar fac
! tory IN Louisiana