The times. [volume] (Richmond, Va.) 1890-1903, 1899-04-28
FORGING AHEAD.
The Industrial Situation i'm the South
Shows No Diminntion Of Progress.

BALTIMORE. April G.-SpeclaL-The
closing OF contracts by the Republic Iron
and Steel Company for the purchase Of
the Thomas Iron Company, at Birmng-
ham. tho Birmingham Rolling Mills and
the Gate city Rolling Mil, just outside or
birmingham, shows that the great COM
pany which has been fully organized
with q capital stock Of $25,00o.c0 pre-
ferred and s30O0oo00 common stock thor
oughly appreciates the wisdom Of insur-
ing 20 the utmost a strict economic basis
upon which success must rest. The
Manufacturers Record says the purchase
OF the Alabama properties means. as far
as may be Judged AZ present. that the
company believes the best results are %
be obtained by according facilities for
production at q point where the work
may be done most cheaply and the ma
terial may be obtained az the least OK
penditure OF money and energy The
policy OF tho Republic Company caps that
of the Empire Iron and Steel Company
and the Virginia Iron. Coal and Coke
Company which have also secured some
excellent Southern properties. Under the
auspices Of these three great concerns.
the Southern iron industry. enhanced IN
potentialities by the revival 81 silent FUR
naces the imnrovcmcnt of existing plants
and the building Of new ones, may be OK
pected 90 assume greater proportions than
ever
Keeping pace with the advance IN iron
IS the textile industry An indication or
this Is the fact that Southern spinners
have this year taken nearly p per cent
Of the cotton which has gone 20 Ameri-
can mills this season. the purchases OF
Northern mills being less than those or
last season and those OF Southern mills
greater.
Among the additions to the Southern
mills reported for the week by the Manu-
facturers Record are 2000O spindies 20
the plant Of the Mills Manufacturing
Company al Greenville. s. c.: tho doub-
Ing Of the capacity Of the Chatham
Manufacturing Companys plant AT FL
kin, y c.; new looms for the Norris Cot
ton Mills. az Cateechee and an eXpendi-
ture OF $4,000 In Improvement az the
Wahneta Knitting Mills. Of Cedartown,
Ga. Among the definite plans are a knit
ting mill AZ Forsyth. Ga; cotton fac
tory at Chattanooga, Tenn. Tupelo. Mss.
Salem y. c.. and Stephonvlle. Texas
and a knitting mill at Arhemarle, y. c..
The Macon Chamber Of Commerce has
induced the establishment OF a large un-
derwear factory there and the recently
organized Young Mems business League
Of Jackson. Miss, are putting forth their
best efforts to bring 10 that city estab-
lishments for manufacturing cotton bag
ging. yarns and fabrics. furniture. agri-
cultural implements and other industries
Two Incidents Of the week were OF more
than usual significance II was an
nounced that after a campaign OF less
than three months. slOooo0 had been sub
scrlbed FOR n cotton mill at Shreveport.
La. nearly every bushes man OF that
CITY taking stock IN tho enterprise. This
mill is a result Of the careful study Of
ne successes OF textile industries I'm the
southern Piedmont REGION made by Mr..
u y Hargrove and behind II are well
developed plans for building mills IN
,hree places in Mississippi I'VE In Lou
,siana. and at other points; which. II car
| lad out. will do much toward aiding In