The age-herald., 1899-01-03
SOUTHERN STOCKS IN FAVOR

From the New York Times.
 During the past week or two 1t has be- come evident that some of Wall streets strongest interests are turning their atten- ton to southern railroad and industrial properties, the stocks of which are traded in on the New York Stock Exchange. Re- cent developments in the south and the im- provement in industries with which south ern progress is closely identified has brought into new favor those concerns of that section with which Wall street is &C., quainted.
 Although during the past few months much has been heard of the depression of the southern cotton industry, it is a fact that exports of cotton from the United States this year have been larger than ever before. This means much to the south. Furthermore, the wonderful improvement in the iron trade of the country must mean new activity for that part of the south wherein the production of iron is a staple industry.
 Not only has Wall street Itself been giving new attention to the southern properties, but Europe has been looking with new favor upon them. Many southern stocks are in the international list, being listed in London-Ilinois Central, Norfolk and west ern, Louisville and Nashville. the Southern Railways. Chesapeake and Ohio, Baltimore and Ohio, and others. Of all these stocks London has recently been good buyer, and among strong European financial inter- ests there appears to be more confidence in the future of the American South than ever before.
 Men who know the south and who know its resources point out that as yet that sec- ton of the country has snared less in the general improvement than any other dis trict Yet in the past two years there has Poll de there that were far from being able to pay dividends only a short time ago are now giving returns to their stockholders. h. dustrial concerns there that only a short time ago were steadily losing money are now conducting their businesses at hand some profits.
 Many of the southern railroad properties have already made substantial advances in market value. The Baltimore and Ohio and Western have all along been conspicuous in this upward market movement. Illinois Central has also shown improvement. And in the southern railroads and Chesapeake and Ohio has been notable activity that is looked upon by shrewd Wall street observ- CTS as foreshadowing coming market de- yelopments.
 The lower-priced southern shares seem to be now more popular in Wall street than they have been for years. Tennessee Coal and Iron. always conspicuous in a bull mar
 
 Land stock, which once sold up in the for ties, has of late been evidencing new life. As to Tennessee Coal Wall street believes that there Is to be merger, or at least profitable alliance, between that company and the Federal Steel. Consequently there has been general buying of the stock.
 Regarding Brunswick Land much favor able talk is to be heard in the street. It Is understood that group of capitalists have recently been buying Brunswick stock, as well as Brunswick properties, probably knowing in advance of plans for the im- provement of the city through Southern Railway extensions and improvement. In Wall street MT. Francis D. Carley is looked upon as the active representative of this syndicate. Regarding Brunswick stock, MT. Carley himself a southern man. says:
 q know of no cheap stock that can com pare in relative merit with Brunswick The stock Is selling below $15 per share. The company has no debts and no bonds. and has plenty of valuable property. I do not see why the stock should not double in market value"