Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-01-02
SOUTHERN INDUSTRIAL CONDITIONS
The Year 1894 Was One OF Incorporation
Rather Than of Progress.

BALTIMORE MD, January LIN Its
annual review of southern conditions, the
Manufacturers Record says:
The Industrial situation in the South
during the past year was characterized
by steady re-establlshment Of confidence
and n slow. but solkl, upbuilding OF
manufacturing interests. The prevailing
conditions during the year have not en-
couraged unusual development. and the
general tendency. has been to follow
conservative policy. The year carried
over as a legacy many OF the adverse
conditions which were features OF the
previous year. Legislative problems OF
rational moment hung in uncertainty du-
ring the greater portion OF the year. inc
panicky feeling of the two previous years
occasionally made its influence felt, ana
the attitude OF foreign investors toward
American securities continued as de-
pressing factor
The year has been more a period Of re-
ouperatlon than OF progress, yet there
has been a forward movement. Capital
lists have been slow to foster new en-
terprises, and only those enlisted their
support whose environment has Offered
The most encouraging and legitimate pros
pectS
The investor became an investigator
during the year. and well-planned IN
dEstries benefited thereby. Ensuing good
results 70 tha South from this movement
and It's significance IL already shown In
Il wider AMI more personal acquaintance
OF the investing public with It's resources.
The record OF progress made during the
year evidences well-deiined preference
for southern investments. and reflects
more general existence OF favorable i'm
pressions, that, with the full restoration
of confidence in the business world, VIII
influence a considerable tide or capital
towards southern channels; and as the
aspect Of things for the new year IL more
cheerful than that which ushered In 1884,
II is a perfectly reasonable deduction TO
look for greater prosperity and greater
progress In 1895. The faith or southern
men in the future OF this section gains
new emphasis from q study OF the con-
trolling part their capital and enterprise
played in the advancement made during
1854
Nearly COO more enterprises were estab-
llshed In the South during 1891 than in
the preceding Year. the total number
being 2,829, as against 2293 for 1888.
A pronounced feature In the building
OF new factories during the year has
been the aim TO establish class Of In
dustries that will retain at home trade
heretofore supplied from distant points.
These new industries have also been
characterized by the adoption OF modern
machinery, and the employment OF skilled
labor and improved methods. The aim
has been not only 10 successfully provide
for the home and neighboring trade. but
to invade distant markets for their
patronage This Is illustrated in many
lines OF Industry. and particularly In
the building Of machinery. Southern
made machinery is now found In many
northern and western factories. and fg-
ures to some extent In internal trade.
Southern -four Is exported TO Europe In
large consignments. and II winning ex-
tended popularity at home. The products
OF the South's stove foundrtes. canning
factories, carriage and woodworking fac-
tories, ETC.. are all making regulations
AT homo and abroad. Broad-saused busi-
ness methods are winning success Tor