The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-07
THE RECORDS REVIEW.
Statistics That Show Much ERCOur-
agemelt in The Trade Outlook.
Notable Increase in Bank olearings of

asGment in the Trade Outlook.
Notable Increase in Bank Clearings Of
Southern Cities so Per Cent. In
crease over Corresponding Week in
1898 in the Three Cities of louis
Vile, Memphis and Jacksonville.
New Enterprises in the South.
Baltimore, Md, Sept. 6.--The Manu-
facturers' Record Of this week saws:
The encouraging condition of business,
and the extent Of its revival in the south
are shown by the bank cleariups of sew
eral southern cities, notably Birmingham,
Louisville, Memphis and Jacksonville
Al the three cities last named the in
crease for the week ending Aug. %, was
POP, lS9 and 80 per cent, respectively,
over the corresponding week of 1893,
while at Birmingham the clearings in
creased over 400 per cent, indicating TO
what an extent manufacturing industries
are being affected
especial reports received by the Manu-
facturer's Record during the past week
include the construction Of forty miles of
new railroad in Alabama and twelve
miles in Tennessee; the opening of three
more coal mines in Alabama and the for
nation of line Of twenty-five barges for
the Mississippi river trade; two steam
ship lines, one COastwiSe and one TO the
| West Indies a numbe of sales of land in
small tracts to settlers, and the sale of
10000 tons of Tennessee phosphate by a
single corporation. Throughout the en-
tire south there is better feeling in bus
mess circles than has been seen for the
last two or three years, and re-
ports from all over the country show that
the increasing prosperity of the south
is attracting wide attention from cap
italists, manufacturers and farmers. The
! Mobilization of southern railroads is
making good progress, and with earnings
steadily increasing there is a tendency
towards large expenditures for the i'm
provement Of road beds. an increase in
| rolling stock and for the building of new
| lines especially short feeders and branch
| roads.
Among the leading industrial enter
! prises reported for the week are a $780,
| 900 phosphate company, organized in
/ Baltimore 10 operate in Florida; a $50 900
| phosphate company, $4,000 machine
! works, water works, and a -four mill in
/ Georgia, a packing house, shoe factory,
/ brick works, electric light plant and
! quarrying company in Alabama a 500,
/ 600 manufacturing company and $4,000
! boat building company in Louisiana a
! barrel factory, knitting mill and
| flour mill in North Carolina; a
| $780, cotton mill addition to
one Of the most prosperous mills in
the state a quarrying company storage
plant, electric light plant and gold mine
in South Carolina; water works, paper
mills and woodworking plant in Tennes
| see and q large number of miscellaneous
enterprises in all the different states.
"An increase in building interests is re
ported, and number of large buildings
are TO be constructed in various parts OF
the south, including 100000 Jail and
three hotels in Georgia"
IN THE WORLD OF IRON
Philadelphia, Sept. 6.-The annual sta
tistical report of the American Iron and
Steel Association for the year 1898 has
just been issued. Following is an extract
from a general statistical summary:
Tho production of iron ore in the
United States in 1898 was Ii ,5S7, ,629 gross
tons, against 16, 296 666 tons in 1892, a de-
crease of 4,709, ,036 tons. The ship
ments of iron ore from the Lake
Superior mines in 1893 amounted to $3.50
492 tons, against 9,069556 tons
in 1899, a decrease of BOOB 064 tons. Our
imports of iron ore in 1893 amounted 10
526, ,95l gross tons against S06,585 tons in
1892 The imports in 1893 were the
smallest since 1885.
The production of pig iron in the
United States in 1893 was Z, ,l24, ,902 gross
tons against 9, l57 600 tons in 1892, de-
crease of 2,032, ,49S tons. This decrease
was almost entirely in the second half Of
1893, the production in the first half be-
ing 4, ,562 ,9lS tons, and in the second half
only 2, ,56l ,5H tons"
Then production Of iron in the first
half of 1894 was 2,7l7 1893 tons, which was
but slightly in excess Of that in the sec
ond half of 1893 -
The production of Bessemer steel inRots
in this country in 1913 was 3,2l5, $50 tons
in 1892. 4, 1863 ,485 tons.
The production of all kinds Of rails last
year was l,l3645S gross tons, against
1,55l .S44 tons in 1892. Tin plates and
template to the amount Of 23,606, 707
pounds We're produced in 1893, compared
with ~, 1912 pounds in the preceding
year. In addition TO complete informa-
tion concerning the domestic trade, the
report contains some very interesting
statistics Of the iron and steel industries
Of foreign countries.