The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-04-10
STRIDES OF THE SOUTH
By Far the Best Showing and Largest Nun.
Der Of Increases In Bank CIearings.
BETTER PROGRESS THAN ANY SECTION
A Steel Floating Dry Dock and Ma.
rine Railway Repair Shop Com
pany Organized with Capital OF
100000 I'm the city OF Norfolk
Among the Enterprises Reported.

Baltimore. Md, April 9.-The Manu-
facturers' Record has analysed the sta
tisttcs OF Bradstreet's commercial agency
Tor the past three months showing
the number of failures throughout the
country as compared with the CORES
ponding periou of last year This shows
that on the record of the South for the
past three months exhibits "a Dhenom-
email business stability as compared with
the failures In the West and Northwest.
The failures in the South for the first
three months of 1886 show a total in
crease in liabilities OF only $500, 900 over
the corresponding period of 1895 and
TINS increase was in Texas. where a ST.
oouuU0 wholesale grocery failure oc-
CURED. But for this the liabilities would
exhibit large decrease as compared
with last year Notwithstanding the
iact that there was an increase in liza
ollities throughout the country of sl6,-
100000. In contrast with the South, the
Central Western States show an increase
in liabilities of st1 600, 900; the Middle
states. s3,600.O00. The one State of Min
nesota, with an increase In liabilities of
S2.S0o.o00. showed an increase five times
as great as the total increase of lia bill
ties in the entire South. In fact. the
increase I'm liabilities in Montana alone
was 1000, which was greater than
the increase in the thirteen Southern
States.
Comparing the bank clearings for the
nrst three months, the Manufacturers
RECORD says the commercial agency re-
ports:
by far the best showing and the
largest number of increases in bank
ciearings are reported from the South"
Ihe returns for the three months show
gain in the Southern States In clear
lngs OF 14.6 per cent, compared with the
same time last year against an Increase
States per cent in the Northwestern
States. 22 per cent. In New England and
an average gain of S4 per cent for the
entire country.
Thsse figures show that the South con-
tinues TO make good progress In general
BUSINESS expansion. Notwithstanding the
complaints from all parts OF the country
of dullness in trade
The South has for several years past
despite the general depression, made
better progress than any other part OF
the country.
Among tho industrial enterprises ~
ported for the week are the organiZat ton
OF n company at Norfolk with paid up
capital stock of $500. 900 for the purpose
of building steel floating dry-dock and
marine railway. repair shoDs; $500, 900
cotton mill incorpora ted at Spartanburg,
5. C.: cotton mills projected at Allendale,
s. c.. Gainesville. Tex. Palmetto, Ca,
Austclle. Ga. and a knitting mill at
Sumter, s c.: 10000 acre tract of tim
Der land has been purchased in Alabama
and large lumber mill will be built I'm
connection with ii; $3.50 cotton oil
mill company has BEEN organized in
Arkansas: q S50.000 electric plant In Flor
ida; s60,000 fertilizer comuany at Val
dosta. Ga; a $4,000 electric lighting
plant al Houston. Tex: $50. 600 tanning
and leather company at Laredo; $50. 900
Ice and cold storage plant at El Paso:
cement works 10 turn ouh 900 barrels
daily at Glasgow Va: the enlargement
Of operations by a coal company in Texas
to produce 5000 tons of coal a day by
early fall.