The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-04-13
DIXIE LEADS The NATION.
Settlers Turning Their Faces to The
South.

Extensive Tracts of Agricultural
Lands Changing Hands-Western
Trade More and More Inclined to
Seek a Foreign Outlet Through
Southern Ports-S Southern Cities
Make Fine Showing in Bank Clear
anoes-The New Enterprises Just
Projected.
Baltimore, April 12-The Manufactur-
ers' Record, in its weekly review Of bust
ness conditions in the south, says: The
two things that are now attracting most
notice in southern business affairs are the
great attention that is being given to at
tracing settlers to the south,
already resulting in bringing
to this section many northern
and western farmers, and in the
sale of extensive tracts Of agricultural
lands and the tendency OF western trade
to seek foreign outlet through southern
ports. On the latter subject the entire
west seems to be aroused; many of the
new railroad combinations ana projected
lines that are now before the country
seem to be based on the idea that there
will be a heavy increase in the
shipments of western products through
southern ports instead of through North
Atlantic ports as formerly The effect of
this is already seen in the increase of the
total value OF foreign exports from south
ern ports from S202 900 900 for the eight
months ending with February, 1898, TO
$3.50, 100000 for the eight months ending
with February. 1894, the gain being S25,-
100000; the total increase for the entire
country having been So 900, 900, more
than one-half of the whole gain having
been from the south.
BANK cLEARANCEs.
"The steady improvement in the bust
ness interests of the south is shown in
the total bank clearings of the first three
months of 1894 as compared with the
same period Of 1893. The decrease for
seventy-one cities of the country was
nearly 80 per cent, but sixteen
southern cities, including Baltimore,
show decrease of only Is per
cent. Out of twenty cities
reported, only five had an increase in
clearings, aud of these three were in the
south. The smallest decrease in any
leading city in the country was Balti-
more, a southern city, where the falling
off is 11.6 per cent. only against 17.9 per
cent. at Philadelphia. Is per cent. at BOs-
ton, 30 per cent. at Detroit, 36 per cent.
at ST. Paul, and 81 per cent. at New
York
RAILROAD DENOMINATIONS.
"Three important southern railroad sys-
tens are now undergoing process of re-
organization, and a new plan for placing
the Georgia Central on a sound basis is
being formulated AS a result a marked
advance has occurred in various railroad
and other securities. Announcement is
made of another railroad line in Texas.
40 miles long, for which contracts have
been let
Southern iron-workers are encouraged
by the reduction in freight rates, and re-
port an increase in orders.
New enterprises of Importance, noted
by the Manufacturers Record this week
include the following A $4,000 tele-
phone company, packing house and
publishing company in Georgia;
a telephone company, irrigation
plant, cigar factory and electric
power station in Florida; addition to a
stave factory, ice making plant and mat
tress factory in Tennessee: a can making
works, two water works systems publish
ing company, ice making plant and cotton
compress company in Texas; a packing
house, hardware speciality works, water
works systems, creosote works and tele-
phone company in Virginia; two
electric light plants, planning
mill, two ice making plants, a 5000 0O0
coal company, $500, 900 mercantile CON-
pany and a 100000 lumber company in
West Virginia lumber mill and brick
works in Alabama; distillery and cloth
ing factory in Maryland; an electric light
plant, a 100000 cotton mill and addition
to cotton mill in North Carolina