The times. [volume] (Richmond, Va.) 1890-1903, 1900-06-01
TIL SOUTH IS
VERY. PROSPEROUS $ |: !:
Downward Course Of Prices Doesn't
Brighten Iron Producers.
COTTON MILL BU.|LDIN G.
Nearly Every County in Georgia Has
caught the actlvi:yso Of Building,
aud This Leads 10 Establish
ment of Local Banks.
COTTON Mill Blu LDlN G..

p1pM1NGHAAI, Ala. May 31.-ln
ro,.;a.,. NJ the fortnight's work in the
sonthaast the Manufac turers' Review
will say to-morro"-
The change to normal prices from the
abnormal advances OF last year Is llShty
felt in the lumber, iron or DINER ulstrlets
of the South The gross earnings OIL me
Southern Railroad were increased d niue
over twenty per cent. in the first quarter
of the present year, ana me oahh ciediiiis
FOR The week ended May oath show gains
in Southern cities with one exception and
the goes in that exceptional instance was
less than two per cent
Tn Alabama all furnaces were pushed to
the utmost, and a stack OF lne oioss-
Sheffield Company, at Sheheid. VIII De
blown in this week. after lying idle seve-
raj years The Lady zEnsley furnace
at Sheffield, is in course OF repairs as IS
the "Mary Pratt" at birmingham. Inc
downward tendency OF prices Goes no.
brighten producers IN Aiaoa!lia' "Neie
export shipments are rising into promi-
nence again. The Republic Iron and Steel
Company is putting in $4,000 coal wash
err at Sayreton. near Birmingham, and
furnace and SEQ additional coke ovens at
Thomas Work on the new cotton-mllls
at Mobile, Sylacauga, Ope4lka, Prattfllte'
Huntsville and Admission is progressing.
A $4,000 pillow plant is to be erected al
Ensley, contracts for the building having
been let The Merrtmack mills smoke
stack for -four 25QGo-spindie mills, at
Huntsville, has been completed, and the
cons truction of the line from Parrish to
Ensley, of the line from Oneonta to Attal-
la, and of line from Camden to NADIA
wah attests the desire to open up new
sources of minerals and timber.
COTTON MILLS.
Cotton-mi!l building is still absorbing
much capital and attention in Georgia.
LAGRANGE is to have a new 100000 mill;
Covington another mill to cost 100000;
Washington a $4,000 mill; Warrenton a
$4,000 yarn MILL Macon a 100000 mill;
Columbus 10000 spindle mill; Union
Point and Lawrencevilie each mill that
will cost about $4,000 A good share OF
the capital thus placed is of home origin,
and nearly every county in the State has
her mill-buildng fever. big dividend
leads in Georgia, as in the Carolinas, to
new mills The building OF cotton-miils
insensibly leads also to the establishment
Of country banks, and Georgia is getting
a full share OF them. In the gold district
of the State, as well as in the brown iron
ore district, there is much activity.
The fortnights story of South Caro-
lima is one of cotton mill building and
yelop water powers. A still farther di-
vergence is noted in the organization of
a fire insurance company at Greenwood.
It's capital is 100000. The fortnights
additions to the coming spindleage of the
State include a s3,0GO.O0O mill at Whit
mire; a $4,000 mill at GreenTille; a
100000 mill at St. Matthews. and a
S1G0,oG0 mill at Barnwell. South Caro-
lima does not despise small mills, for she
knows they soon BECOME big ones. The
Tucupan mill, for example, at Spartan
burg, has decided to add 10000 spindles.
Timber and phosphate lands deals pre-
dominated in Florida during the fortnight,
some of them Of large proportions. The
building of saw mills and tracks has not
been at all diminished in the State, and
the production of naval stores and of yell
low pine will soon be a greater industry
than the production of either phosphate
or fruits.
TN T,IHN NE-ccEE