The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-30
THE PROSPERITY
in THE SOUTH.
Cotton Mill Earnings are Phenome-
naIIy Large.
PHOSPHATE MINING EXPANDING
Every Iron Furnace and Coal Mine is
Bcin. Pushed to It's Utmost Ca
pacity at Profits That Glad
den Stockholders.
PHOSPHATE MINING EXPANDING

BALTIMORE. March sa-SPcciai.-it IS
estimated that at least s1G9,0oo,Coo are now
going into new industries in the South.
With cotton now commanding $40 10 So
a bale more than for some years, the in
come Of the South is increased by So
oo0,GCo This indicates that the
South will be able to contribute
additional capital to the move
ment of prosperity in that section which
is thus summarized by the Manufacturers
Record:
Southern cotton mills are making phe-
nomenal earnings, and about loo ne"
mills are under construction, wniie es-
tablished mills are steadily charging their
plants, the aggregate new CAPITA no"
going into Southern cotton nanufactur-
ing being about S25,oo0.0G0 to $4,000, 600
Every iron furnace and coal mine IN
the South is being pushed to Its utmost
production at profits that make glad the
hearts of stockholders. New coal and ore
m!res are being opened as rapidly as
possible, and the Souths annual output
of 4o:O30GG9 tons OF coal and about 6090,09
tons of iron will be wonderfully Increased
during the coming years.
PHOSPHATE MINING.
phosphate mining is steadily expand
ing, and conCident with it there is
great increase In fertilizer 1nanufactur-
ing.
Lumber interests in the South are
everywhere prosperous, and the acuVl'!
in every line of lumber business and
woodworking generally is adding millions
Of dollars to tie prosperity of this sec
ton and rivalng cotton and iron and
coal in It's influence upon the South
upbuildins.
Turning from these leading industries
we find euual activity and prosperity IN
everything else Railroads are over
buraenel with business; new electric and
water plants and building operations are
equally as conspicuous, ana along .ie
whole line of human industry IN tne
South. YOU hear the 'unbrollen strain of
,yhat has been apt,y termed the music
of progress-the wllrr of t:le Sp.naie, lie
buzz OF the saw. the roar of the furnace
and .he throD of the locomotive.
The export trade has again taken
E1a.rd in the Birmingham iron district.
Orders to be shipped from there nave
been booked in New York, and snl'i
orders have been registered at Slrnins-
ham, one of them for thousaha 'o''s
to Hamburg, Germany. on 1ne pasis u
SIG. 30 for no. foundry. Negotiations are
in progress for other lots for export WIN
= n-ospect of favorable conclusions IAis
fresh addition to the ranks or buyers
seems; to Indicate that there is no danger
Of a sa-cinr market in the near future.
NEW MILLS.
Among the notable textile announces
ments of the week were plans for o'ovo
spindle plant. to cost about Slo'oeo' ioi
the Elk Cotton Manufacturing COMPANY
OF Weldon, N e., TO acconlinou "a, NV, ~
spindlcs for the manufacture OF the yari
to be used by the company's hosiery
}1nitters: a. 100000 plant for the Line
stone Stanufa curing Company. OF Can
new. s. C.. to accommodate 10000 spndles
o.5OO twisters, 800 looms. and other ma
chinery for the production OF yarns ant
cloth: a knitting mill with its own water
supply, dyeing plant, electric lSn0 ai'e
power plant for the Mathis & DAVIS GO.
of Chattanooga; a $500 spindle pant 10!
| the manufacture of hosiery yarns at Val
dosta. Ga, and a waste factory at CHAR
| ,otte. Y. c. The Pacolet Is. CD Manufac
turing Company will, in connection Wit
its nroposed million-dollar cotton factor!
near Gainesville. Ga, construct 800 cot
tages for its operatives at cost OF $40
| 900 and a system OF water WORKS; III
Greenwood, S. C., cotton mill will ado
| 10000 spndles; the Barker Cotton NILS
of Mobile, have awarded contract TOT III
| main building of a 20,000-spindle mill. AM
the MartinSbUrG, w. V a., SasSHileie Soiii
nanv has increased its capacity.
Other industrial announcements OF IN
week made by the Manufacturers Recor'
{ include: $4,000 wagon material compan!
| in Arkansas; $4,000 ice and cold storag
n1ant in Florida: $1,000 wood-Worliin:
company and s25,CGO naval stores com
| panv in Georgia. $4,000 tobacco factor!
| addition in kentucky; $4,000 water an
| electric plants in Louisiana; S2o,GO oyste
| cultivation company. $4,000 copper an.
brass works. $4,000 lumber and brlcI
company, and $4,000 telephone compan.
| in Maryland: s1,0GO,c00 lumber company
| s315COO water works. electric light pi@alI
! etc. and S225O0 water and electric llsh
works in Mississippi; 5000 lumber com
! pany, $4,000 hardware company, an
5000 telephone company in North caro-
| lima: $1,000 general milling company
| eco steam laundry in South Carolina
! $4,000 phosphate mining company, S2o,oc
brick company, and 100000 knitting mil
! in Tennessee: $3.50 telephone comDan
and 5000 telephone company in Texas
| $4,000 iron and manganese company
100000 cotton bailing company, $500
ice. light and coldstorage company
| 5000 tobacco company, and se50,Coo mic
mining company in Virginia: Sl50,0Go Goa
| and coke company, $4,000 plumbing com
| pany. 81 100000 coal and iron compan!
| slG0OG0 contracting company. and $'o,oV
lumber company in West Virginia.