The times. [volume] (Richmond, Va.) 1890-1903, 1895-01-02
PRICE TWO CENTS:
OUTLOOK IN THE SOUTH.
GREATER PROGRESS LOOKED FOR
DURING THE PRESENT YEAR.
study Of the Controlling Fart Played
by tho Ent.rpri'e OF Southern Men
In the Advaneement Of 1894.

1dCluFcl record says.
The industrial situation I'm the South
during the past year was characterized
by steady re-estabIshment OF confidence
and a slow but solid upbuhding OF man
ufaeturng Interests. Prevailing cond-
tions during the year have not encouraged
unusual development. and the general
tendency has been to follow conserva-
tive policy. The year carried oyer ms
legacy many OF the adverse conditions
which were features OF the previous
year. Legislative problems Of national
moment hung in uncertainty during the
greater portion Of the year. Tho psntcky
feeling of the two previous years occa-
sonaly made it's influence felt. and the
attitude Of foreign Investors towards
American securities continued as de-
pressing factor.
The year has been more u period of re-
cupefation than OF progress yet there
has been forward movement Capital
lists have been slow to foster new enter
prises and only those enlisted their sup
port whose environment has offered tie
most encouraging and legitimate pros
poets.
The investor became an investigator
during the year, and we'll planned INDUS
tries benefited thereby, and insuring good
results to the South from this movement.
and it's significance is already shown by "a
wider and more personal acquaintance OF
the investing public with It's resources.
GREATER PROSPERITY yxprcrrp.
The record OF progress made during the
year evidences n well defined preference
for southern Investments. and reflects a
more general existence OF favorable I'M
pressions. that, with the fun restoration
of conndenc. in the business world,
will influence considerable tide OF CAPT
tai towards southern channels: ana. as
the aspect of things for the new year are
more cheerful than those which ushered
in 1885, Il is a perfectly reasonable de-
duction to look for greater prosperity and
greater progress i'm 1895. The faith OF
southern men In the future of this sec
ton gains new emphasis from study OF
the controlling part their capital and en-
terprise played in the Advancement made
during 1891.
Nearly six hundred more enterprises
were established IN the South during 1894
than In The preceding year. the total
numbering 2.S29 as against 2.293 for 1879.
\ pronounced feature In the building Oh
new factories during the year mas pech
the aim 10 establish class or ihuustr'eS
that will retain at home trade heretofore
supplied from distant points. These new
by the adoption OF modern machinery
ana the employment OF skilled labor and
imnroyed methods. The aim has been
not only to successfully provide Tor the
home and nelghboring trade. but 10 M
wade distant markets for their patronage.
This Is illustrated In many 4ines OF IN
dusfry. particularly in the building OK
machinery. Southern made macninety u
now found I'm many northern ana vrstS''~'
ant
internal trade. Southern -four is exported
10 Europe I'm large consignments, and Is
winning extended popularity at home.
The products of the Souths stove foun-
dries, canning factories, carriage and
wood workers factories etc. are all wen
making regulations at home and abroad.
ad-guaged business methods are win
ming success for southern manufacturers
and enhancing the prestige Of southern
industries.
INTERESTING STATISTICS.
Comparing the year just closed with
1880. the statistics gathered by the Manu-
facturers' Record show the following In
creases: Railroad mileage from D.sl2 In
1880 TO $500 in 1894; annual yield OF cot
tor. o, 10, 600 bales 10 9.JOJ00 bales; annual
yield of grain, f31 100000 20 t1,VJ09 coal
mined annually. 60i9,OOO tons 10 300Ou1, !,
j. so go. number Of cotton mills In opera
tion, iGi TO ~: number of spindies. 6ss,-
90 to 3.0p.eO: number OF looms, h.3sS 70
$500; capital invested IN cotton mills.
81 63S,7 to si67, ,e9,e10. number OF cotton
oil mills, 80 TO SDJ; capital invested IN
same, sS5Oi.c00 20 $4,000 go; lumber dress
ed. value OF product. si6.e3S.lcS TO S1.-
900 .0oO; lumber dressed, value Of product.
si693s leo 10 sll47i6,5H, capital Invested,
...ss a.t 90. IL
800 10 So IS2. .0000o3; value OF farm pro-
duct. $685. 100000 TO $4,000 90: capital In
vested I'm manufacturing, s2572if,55l 10
$500 10000: value OF manufactured pro-
duct, sf57,Ed,T77 to H,o9eo'@9
South CsroIina's Condition.
CHARLESTON, :. c.. Jan. THE
News and Courier viii publish to-mor-
row a general review OF the industrial
condition OF The state. IL has received re-
ports from thirty-threc of its correspond
ents, practically covering the entire State.
and touching generally upon the condition
OF the farmers. merchants. manufacturers
and working people. as compared with
their condition I'm previous years; now the
people generally have met their Indebted
ness of the closing year ana what credit
they viii be able 90 obtain ia 1886. how
the volume OF ,rade az the stores has
compared win former yfAfSs aut NHat
policy the farmers will adept as 10 the
cultivation OF cotton and provision crops
In the new year The replies vary much
az 10 details, and the roports in several
instances are evidently colored by the
pessmIstc or optimistic sentiment of
the writer's. but there IL general con-
cetIsus of opinion that money is very
scarce. that labor Is cheaper and plentt-
ful. and that home-raiscd hog and hon.
inv are more abundant than n many
years.
Cotton mills. with very few exceptions.
are reported as hourishing. having paid
their usui dividends.
Despite the Iow prices OF cotton, farm
ers have done their best 10 repay the
bankers, factors and merchants, and good
men can generally get credit ss hereto
fore IL Is clear from this report that
the acreage Will be very much reduced:
that provision crops will be planted ex-
teneiveIy and that there VIII be much
less commercial fertilizers bought this
year. Altogether the outlook Is not as
blue as some OF the croakers would make
IL appear.
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