The Camden chronicle. (Camden, Tenn.) 1890-current, 1896-05-15
GRowTH on IN sOuTH.
The Industrial Situation as Reported
for the Past Week.

for the Past Week.
Reports of industrial, mechanical
and business affairs in all the southern
states for the past week indicate that
the lumber market has been active and
unsettled during the week and prices
are lower for all grades Of pine. The
association has changed its list to meet
the new conditions. A good deal Of
lumber is changing hands and the mill
operators are increasing their outputs.
Iron and coal are steady at uncbang-
ed prices. The advance made in
southern iron has brought in many or
ders and the favorable reports as to
maintenance of prices, good under
standings among the large producers
and probabilities of the building of
steel mills keep the market firm. The
iron men are very confident of a pros
porous summer. The coal miners are
reducing outputs somewhat to meet
the changing season. Supplies Of
coal are ample and the market is rath-
er weak.
Cotton prospects indicate that the
new crop will be a large one. The
area of planting has been considera-
bly, increased over that of last year
and more care has been given to sup
ply fertilizers. Cotton manufacturers
report that stocks are accommodating
somewhat under a decreased demand.
Prices are low and some mills will soon
shut down unless an improvement is
soon apparent. The southern cotton
mills have had very prosperous win
ter's business and considerable and i'm
portant additions have been made to
their number.
Southern new industries are many
and some are of considerable import
ance. There is reported as organized
or established during the past week /:
The Cumberland Coal and Steel com
pany, of Norfolk, Va, capital 50, $780,
600; the Cunningham Sugar Refining
and Paper Manufacturing company,
Of Sugarland, Texas, with $780,
900 capital, and the Jefferson
Coal and Railway company, OF
Birmingham, Ala, capital $500, 600.
The Texas City Mill and Elevator
company, capital 100000, has been
chartered at Galveston, Tex. the New
Orleans Furniture Manufacturing
company, with $50, 900 capital at New
Orleans, La. the Upshur Seal and
Lock company, at Richmond, Va, and
the w. r. Kindly Cotton Mill com
pany, at Peasants, N. c., each with
$50, 1000 capital. A $50, 900 cotton oil
mill is to be built at Granbury, Tex.
The Blount e Edwards Foundry and
Machine company has been chartered
at Milledgeyille, Ga. the Independent
Peanut company, at Smithville, Va.
and Collins & Co., limited, saddlery
manufacturers, at New Orleans, La.
each with $25, 600 capital
Brick and tile works are reported a
Knoxville, Tenn, and Blaoksburg
Va. a cotton compress at Cordele
Ga. proposed cotton mills at Leaks
Vile and Troy, N. c., and FIGURING
mills at Gadsden, Ala. Eureka Springs
} Ark, and Huntsville, Tenn. A manga
} nese mining company is being organ
lied at Athens, Ga, tannery is to b
] built at Waynesville, N. c.; Tobacco
: works at Birmingham, Ala. furni
, ture factory at Mebane, N. O., and
! planning mill at Hartford, W. Va.
The new buildings of the week il
! clude a bank building at Scranton
Miss. business houses at Bristol
Q Tenn, and a $40, 900 church at MOI
folk, Va. A court house to cost $25i
600 is reported at Shepherdsyille, Ky
Q and one to cost $50, 900 at Winston
t Ky. ; a $40, 600 hotel at Weston, v
9 Va, and a $14, 600 warehouse at Greer
vile, Miss -Tradesman, lChattanoc
!, ga, Tenn.A