The times. [volume] (Richmond, Va.) 1890-1903, 1899-12-31
BUSINESS IN SUFFOLK.
There Has Been n Steady Increase to
Present Climax.

Inero las Seen n otchuJ ihS'S"oe' y"
Present Climax.
SUFFOLK, VA, Dec. &.-Speciaf-
The end Of 1890 finds the people of suf-
folk and contiguous territory in better
financial condition than they have ever
known. There has been STEADY IN
crease in business for several years ana
the climax came during the week preced-
ing the holidays. There was more money
in circulation than even during boom
times. | have asked a number OF mer-
chants 10 compare business this year
with the holiday trade Of 1898. Every one
said 1t was better in 1899. and some re-
ported large increases. The farmers. as
a whole are better off than In many
years The lumber interest, which is
big factor in Suffolk. has exerted BEN
efcial effect on ali branches OF local in
dustry.
Postal receipts, which are pretty
good indication OF commercial affairs,
show a marked increase.
The biggest building Of the year is the
new Farmers Bank. 1t is a pretty gran
lite front structure, erected at a cost or
$2Ol72s6, exclusive OF the lot and some
small items. The Farmers Bank, which
stands third among State banks Of the
Union. capital stock considered, reached
the 100000 footings for the FIRST time
The same day business was moved TO the
new building. Cashier w. ii. Jones' Jr,
tells me the footings have sine gone be-
yond 10000. They are likely TO keep
on climbing.
The Bank Of Suffolk began business this
year with $4,000 capital, and the stock
holders have reason to feel proud of re-
suits The bank is getting on a sure
footing and has hattering prospects.
Two peanut factories. while not brand
new, are just beginning to exert their
worth for financial good One OF the
plants was this year absorbed by WASH
ington capitalists at a big premium on
stock.
The American Cement Company has
inst ACQUIRED big holdings IN Nansemopd
and Isle of wight counties. They are
buying mari beds that are rich in lime
deposit and It IS possible the company
may construct some plants in this sec
ton.
The Hampton Roads Development Co
this month bought real estate at Pig
Point. Nansemond county. for which
they paid sl2e0o0. A town will probably
be built there in view OF the proposed
ferry line between Pig Point and Newport
News
Circuit Judge Prentis has amended the
charter Of the Days Point Improvement
Company, of Isle of Wight county. in
creasing the capital stock from $4,000 TO
$4,000.
The Suffolk and Caroline railroad has
under consideration, the extension OF its
lines 20 Edenton. n. c.
There are prospects for the stablish-
ment here of an ice plant in the near
future.
The Suffolk Peanut Company may build
a new house for their factory; increased
storage room has been added.
A brick and tile plant has been build
ing several weeks. Ii will be ready TO
begin work early in January. Its capac-
ity Will be % 600 per day.
The Norfolk and Western depot has
doubled its warehouse room.
W. r. Ferguson & Co, wholesale gro
GERS. report the most satisfactory year
I'm their history. There has been about
SEQ 900 worth of residence building done
during the year. The Nansemond Truck
Package Company has in course OF build
ing a big branch plant at Bethel. n. &
During the past year the local plant
could not FIJI their orders always. In this
connection It may be said that a stock
company is building a truck package
plant at Churchiand, beyond the Norfolk
county line.
The Virginia Manufacturing Company
and the Suffolk Sawmill Company have
both increased their plants capacities 10
a considerable extent.
There are many other less notable i'm
provements which would increase this
list almost indefinitely.