The Montgomery advertiser., 1901-05-19
SOUTHERN PROGRESS.
The Manufacturers Records Re.
 view for the Week


 Baltimore. May N.-(Special.) the situation in the Beaumont oil field has lost much of the speculative excite ment of the past month. the effect of the discovery there in January has no! passed. Boring is steadily continued, not only in the Beaumont field. but in other parts of Texas and in Louisiana, while interest in possible oil deposits in Ar, kansas. Tennessee. Alabama, Missouri and Virginia has been increased. Among the latest developments of the kind is the expectation of developing oil deposits not far from Richmond, Va. MT. C. F. z. Caracristi. who has been investigating this field, while declining, of course, to give any information about its location, is quoted in this weeks Manufacturers Record as acknowledging that he has found pockets of hydro-carbon in the form of heavy petroleum containing more or less paraffin This was quite near the surface and might indicate the existence of commercially valuable field, the ex act potential of which may not be fully determined until further investigation has been made and test wells have been drilled.
 Paralleling the activity in this search for olI are projects for developing other deposits in the South. Among the latest reported is plan for a Georgia company to establish near Little Rock, Ark, a plant for the conversion of beauxite into aluminium, the incorporation Of the St. Francis Valley Oil, Gas and Mineral
 
 lanus in the same State aud the opening of new mines by the Montreal Coal Com pany of Fort Smith, soon to give 1t an output of from 900 to 1000 tons of coal per day. In Kentucky a new mine is being opened near Black Raven by the Cumberland Valley Coal and Coke Com pany. the Paducah Coal Company will develop a mine at Sturgis. seventy+five acres of lead lands in Franklin County are to be developed by Lexington parties. 5000 acres of mineral lands in Pula'ski County will be developed by a company just incorporated, and company has been chartered in Columbus, Ind, to op- crate in 2,0O0 acres of lead and zinc lands in Owen County.
 Woodworking is also steadily advance ing. The Adams Lumber Company has been chartered for the -nnannf cture-a! sash. doors and blinds at Natchez. Miss. 1t has been definitely decided by the Mem phis Furniture Company to erect fac tory at Shreveport. La, while at Rus will be built. The Strong Lumber Com pany of Bristol, Va. has increased its capital stock from $300,000 to $500.t0O, at Norfolk a company has been incorporated to manufacture lumber. laths and shin gles. timber lands near Tallahassee, Fla, near Hamburg. Ark, and near Homer vile, Ga. will be developed the Mock vile, N. C., Chair Company will increase it's capital from $500 to sl0,0Oo and VII erect a factory with capacity of about 200 chairs a day, the manufacture of fur niture will be added to the operation of the bobbin and reel factory at Rural Hall, N. C.. and a $3O,000 barrel factory is planned for Winona, Miss, and one for Waycross, Ga.
 The utilization of Southern streams for the development of electric lighting and power is extending. Work Is progressing steadily at the water-power plant of the Montgomery Light and Power Company at Tallassee Falls. thirty miles from Montgomery. Ala, and it is expected that power for manufacturing and traction will be furnished that city within a few months. the plan contemplating har- of steam power and water power as generators. A franchise has been granted to develop the water power of Elk River for the purpose of generating electricity for Tullahoma and Manches- ter Tenn.
 Among the other undertakings men tioned during the week are brick and tile works at Augusta. Ga.; at Jonesboro, Ark. and at Goldsboro, N. C.; brass roll ing mills at Norfolk. Va; a factory to make electrical machinery at Birmng- ham, Ala. and cotton seed oil mills at Rich Mill and Cheraw. s. C., and Nor rillton, Ark, and a rice mill at Guey- dan, La.