Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1901-08-11
SOUTHERN PROGRESS.
The Number Of New National Banks
ShCw Rapid Growth.
TEXAS IN THE LEAD.
More building Going on In Cities and
Towns Than Ever known BE.
fore and the Demand for
Lumber l. Very Great.

baltimore, Aug. l0-The south has
shared literally in tho impulse given TO
national banks by the act Of March a..
1900. according - an analysis in this
weeks Manufacturers Record. OF the
COS banks organized since then 40 arc
in the n southern states with an aggre
gate capital Of 60. i05 400. more than a
quarter Of the total capital, s2i. 2B7, 900.
represented in all the new banks. The
group of these southern banks rank
second in number and capital Of all the
groups I'm tho country. eight middle
western states north Of the Ohio lead
ing. Texas is now FIRST IN the list
OF new banks. S.. and third IN tho
amount Of capital involved. s3,3i0,Ooo.
Pennsylvania - new banks represent.
ing a capital Of sl,357.Oo0, and Ohio's
a. banks representing a capital Of 81
$4,000. OF the new southern banks
! 100 have taken advantage of the provis'
ION permitting the organization Of a
national bank with less than $4,000
capital.
The organization of these hanks has
( been made necessary by the recent de-
velopment ia southern industry and
railruad construction. aud building
operations in many cifios aud towns
have contributed not a little 70 the same
] end. For example, correspondent ht
Atlanta writes that there Is much
/ larger amount or money being invested
in new buildings in that city than In
rsy time in recent years. Similar facts
are noted in quite number Of other
southern cities. and the effect Is seen
in a healthy status OF the lumber indus
try at various points. though the hard
wood trade a. rlaec,ed az Memphis Is
dun. aud the market az Mobile for tim
Der has very little snap about it.
AZ jacksonville the industry is Of a
very healthy character and IN nearly all
lines there Is an encouraging volume Of
business pointing 90 the growing impor-
tanoe Of the trade AZ all Florida ports.
The rapid development Of pine and cy-
press timber lands throughout the state
aud the recent sales Of hardwood timber
lands 20 be az once developed have at
tractod buyers from northern markets
in increasing numbers.
!. The immense interests in lumber Of
Louisiana and Mississippi contering az
New Orleans. promises a continuance Of
activity through the early autumn and
winter months I'm Mississippi the sea
son has been a mos satisfactory one Tor
lnmbermen and the demand from tina
north and northwest Is better than ever
before. Northern markets are taking
an immense quantity of red cypress,
and it Is estimated that the increase in
tho shipments Of this wood from Louis
lana has been nearly 33if pcr cent
The opening Of government lands in
I Oklahoma has been a fruitloss source Of
lumber orders Tor the southeastern
states Firms in Beaumont, Tex, alone
have furnished probably more than 200
carloads of lumber from the territory,
while orders from Texas are numerous,
calling for large amount Of planer
stock. flooring. ceiling. siding. etc. This
demand is the greatest in many years
and is caused, apparently, by the exten-
sive building operations in the cities
and villages of Texas As result IL is
almost impossible 20 find n min that
can give prompt shipment on a mixed
car Of finishing lumber because the
rough stock Is not 70 be had. The west
orn trade has qlite eager enquirers for
Texan stock. but il is held nc prices
which the western Wholesalers claim
l thov cannot nav.