The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-06
THE CAPST0NE
OF PROSPERITY
The Advance in Cotton All That.Was
Lacking in the South.
FARMERS WILL Be IN CLOVER
Their Prospect for Better Times Is
Brighter Than for Many Years
The Mining aud Manufacturing
Situation Shows No Let Up,

BALTIMORE, OCT, 5th.-Specldl-' nc
one thing which has been lacking to make
weil-rounded and general prosperity Tor
the South-prosDerity for the farmers as
well as for the manufacturers has come.
says the Manufacturers Record in us
weekly review of $ hern Industrial con-
ditions. The advance in cotton. IL the
price ruling to-day holds, as 1t probably
will. means that Southern farmers VIII
reveive at least go. possibly SlOo'Ooo,-
900. more for this years crop than for that
Of last year. This means a great deal TO
the South; in fact, to the whole country
The addition of N5OO00co TO $lo0,eoOoO to
the value OF the S0uth's cotton, the pro-
duction by the country at large OF about
2 800 90 900 bushels of corn, or about w.
OO0ODO bushels more than the largest crop
ever before raised, the high prices whlch
cattle raisers are getting and the enor-
nous demand for all kinds Of AGRICULTURAL
products by reason of the general employ
ment of the people at good wages are
factors in the business situation which
must have very telling effect.
IN CLOVER.
The fluctuations of call money for stock
speculation III new 1Dih tOuiit ASA 49,
little as against these solid facts. The
farmers this year are going TO be pros
porous Last year Western farmers were
i'm good shape and Southern farmers were
trying to get on solid ground by close
economy This year Western farmers,
with their magnificent corn crop ana a
fair wheat yield. added 10 higher prices
for livestock, will be in clover, and their
Southern brethren will wind up the season
with less debt and more spending money
on hand than for some years. Add TO these
facts that every railroad IS taxed 10 It's
utmost: that the iron trade Is crowded as
never before. with sales year ahead at
magnificent profits: that nearly all other
branches Of trade are doing equally as
well and we have a uniform condition OF
| activity and prosperity such as has not
! been seen for a long time.
As "A matter of fact the activity I'm iron
| IS adding to the strain upon transportation
| facilities which has been observed Tor
several weeks There is complaint Of the
! scarcity of cars for moving promptly ore
! and coal at the mines, and in some in
| stances operations have been suspended
| until cars may be secured The Droduc-
! ton of material. crude and manufactured
| has been increasing at a rate much more
| rapidly than the transportation facilities
and il requires merely "A simple calculation
To impress one with the idea that the de-
/ mand for cars Will soon be greater than
| ever.
MINING STILL BOOMING.
In the meantime trading in ore and coal
| land continues The gratest activity for
| the time being seems TO be IN the brown
ore district Of Alabama and Georgia
Never before in the history Of the Biz
! mincham district has its productive
| capacity been so actively taxed as now
The increase i'm the traffic of the Nir'
J ginia and Southwestern Railway at 1915
! stone Gan Va. due to the development
/ Of mineral properties there. has necessi
! tated the laying of additional side tracks
| The road has just completed two-milC
| branch from Moccasin Gap on its main
! line to fine rock quarry I'm Scott county
from which will be taken the limestone
for use at Bristols big furnace. which
| II is understood. will go into blast about
| the middle OF this month.
| There Is activity in the famOus brown
| hematlte ore lands i'm the neighborhooc
| of Admission, Ala. large forces Of men are
| engaged in accommodating stocks Of ore
| ana lime stone for the two furnaces II
! Admission &C the Woodstock Iron Work.
b, hich will be put in blast within the mex
few weeks At Ironatol and Gadsden pre-
| paratlors are active for carly blowing y
| Of the furnaces. Inexhaustible fields o
| hiCh grade brown hematite ore propertie
| surround the Ironaton furnaces. and ar
| also convenient TO the Gadsden furnaces
| Some unusually large and imDortan
| transactions i'm brown orc lands have take
place in Calhoun and Cherokee Counties
Ala, and the adjoining Polk County, Ga.
NEW INDUSTRIES.
The principal industrial enterprises o
| the week as reported to the Manufactur
| crs' Record were:
one hundred thousand dollar iron min
| ing company. $4,000 electric light plan
in Alabama: $4,000 lime works. $4,000 min
| ing company in Arkansas; $4,000 stool
raising company in Florida; 1900 spindle
300 loom cotton MILL 5000 spindle duel
mill ia Georgia; $500 telephone company
| 10000 tobacco siemmery, Sl5.001 dis
tilery company. $4,000 cln.hing manu-
| featuring company $4,000 v3rnish factor
| I'm Kentucky: 10000 cotton factory com
nany. $4,000 rice cultivating cOmpan.
! in louisiana: 10000 chemical company
| 800 900 construction company. $4,000 gran
tie company. $4,000 slate mining compan,
| in Maryland: 800 900 cotton mill compan.
| in Mississippi: 10000 cotton mill company
| $4,000 light and power company. In Nortl
| Carolina: $4,000 clothing manufacturing
| company I'm South Carolina: Sl5 900 ciga
| company in Tennessee; so. 900 coal mimi.
company I'm Texas; 500 barrel cemen
| plant. $4,000 construction company, $40.
coo electric light plant, 100000 beet-suga
mill company, Is ton ice factory in Vir
q