The times. [volume] (Richmond, Va.) 1890-1903, 1899-08-04
THE SOUTH STILL
FORGING AHEAD
New Developments Of Mineral Indus
tries in All Sections,
NORTHERN CAPITAL ATTRACTED.
Alabama Especially Proving n Fruit
GuI Field for Invcstmcnt-Grcat
Activity in Railroad Extension
in Several States.

BALTIMORE. August 3.-special.-The
reported organization in the past week
Of a company to consolidate the sloss
Iron and Steel Company. the Hattie Ems
ley furnace and the Lady Ensley furnace
at Sheffield, the Philadelphia furnace
property at Florence, the Gulf Coal and
Coke Company and the RusseIlville coal
and coke properties, controlling I'm all
seven blast furnaces with an aggregate
capacity Of from 100 to 1900 tons a day.
with 100 coke ovens, about 5000 acres
OF coal lands and 3l.0J0 acres OF iron and
ore land. adds another strong combna-
ton 20 the interests which are already
occupied in the development OF the Ala
bama territory. with the new company
and the recently formed Alabama Com
solidated Coal and Iron Company added
20 the Tennessee Coal, Iron and Railway
Company. it may be expected that Ala
bama will now take foremost position
IN the worlds iron and stee. affairs The
State has in times past had considerable
investments from strong financial men.
but for the first time I'm is history its
iron industries have attracted conccn-
tration of the really great strong. nnan-
cisl interests OF the North.
IN OTHER STATES.
These developments are not confined
by any means TO Alabama, for there IS
great activity in railroad extension and
in the opening up OF Mineral tracts and
timber land in Southwestern Virginia
and Tennessee. while "A line OF railroad
building from Seaboard. y. c. will soon
open up tract OF timber containing IS
10000 feet and another line out of Lit
Teton y. c.. which is talked of. viii add
100000 feet more The development OF
the iron ore mines al Big Stone Gap. Va.
is proving satisfactory 10 the Virginia
Coal, Iron and Coke Company. which
has already shipped several thousand
tons Of ore to its Middleborough. Ky.
furnaces. The company has leased for
a term OF years the Looney Creek Coal
Mines near the Gap. and 30 s. reported
will build between 200 and 300 coke ovens
As an evidence of the activity In the
Tennessee phosphate fields IL is noted
that within the past two weeks Swift d
Company, OF Chicago. paid 5000 FOR $40
acres OF phosphate lands near Spring
HI. the American Phosphate Company.
Of Camden. y. j.. purchased 900 acres
near Mount Pleasant where it will erect
a $4,000 plant while the Tennessee Phos-
plate Company will purchase additional
: land and Will spend 10000 .n building al
dltional plants.
THE TEXTILE FIELD
In the textile industry continued pro-
gress IS noted. At Fort Valley. Ca a
company has been organized with cap
ital Of 10000 TO remove tine entire plant
and business Of cotton mill from
springvale. Maine. 20 Fort Valley. The
plant is one Of 1880 spind.es and 900
looms, manufacturing light wills and
sateens. As inducements for the removal
Of the plant, exemption from taxation
for ten years, a 5000o-sailon per day wa
ter supply for the same period. and the
fact that 5000 bales Of cotton are mar
keted at Fort Valley annually. were Of
fered. The citizens Of Dardanelle. Ark
according 10 a letter 20 the Manufact-
urs' Record. are ready 20 give a bonus
OF $1,000 TO any one establishing cot
ton mill there OF reasonable capacity and
the town viii also exempt the mill from
taxation for ten years. In the immedi-
ate vicinity OF Charlotte. ~ c.. eight new
cotton factories and oil mills will be built
this fall, indicating the development az a
centre where within 100 miles there are
already nearly 30 mills, operating 223S 4jl
spindles and o., $50 looms At Greenwood
5. c.. work on 80 new cottages for oper-
atiycs OF the Grendci Mills has begun
The increase in the working force IS 10
meet the doubling of the capacity of the
mill. for which the equipment has been
purchased. and as soon as the operatives
can Doe provided with homes the mill Will
be running night and day.
NEW INDUSTRIES.
Among the new Industries reported
during the week by the Manufacturers
Record were: Two round bale compress
ing plants. 5000 fiber factory. S20G0OO
iron and steel company and $4,000 f0un-
dry and machine shops in Alabama So
Co) compress and $1,000 lead and zinc
mining company I'm Arkansas; acton cot
tonseed OH mill IN Geog.a two 4O-barre
-four mills. $4,000 disu.ug company and
5000 bottling plant in Kentucky; a)-ton
ice factory. $4,000 iron works, 800 0Oo pa
per mill. $1,000 mattress factory and $5O.-
0o cotton mill IN Louisiana: 10000 fire
eXtinguisher company In Maryland. $780,
% round lap COMPRISING company in
Missippi; 40-barre -four min. $4,000 knit
ting mill. 5.000-spindle cotton mill. 5000
gas plant and Acton c0tt0nseed Oh mill
n North Carolina. 5000 cotton mill, 10
0lp cotton oil company. $500 rolling mill,
$4,000 cotton mill machinery addition IN
South Carolina; $1,000 iron works IN Ten
nessee. $4,000 cotton compress. $4,000 ir
rigaton company and s25 ginning COM
pany in Texas $4,000 copper mining COM