The Montgomery advertiser., 1905-07-08
PROGRESS OF SOUTH
EXPERIMENTATION SEEN IN MANY
 BOND ISSUES.
Towns, Cities, Counties and states show the wondcrsuI Growth Which < is to Re Noted on Every
 Hand These Days.

Baltimore, Md, July 7.-(Special. )- The Manufacturers Record says this
 week:
 Southern progress is exemplifed In
 the bond issues made by various towns, cities. counties and States for public improvements. Reports received since January last show that the issue of a total of more than $45,000.O00 has been decided upon within the last six months in the South, Missouri, Indian Terri tory and Oklahoma. The exact figures are $45,2S9,290, and of this amount not more than $13,000.000 are for refund ing loans or for funding floating dcbt leaving a total of about $32,50o,ooO for electric light plants, water works sys- tems, city halls, court houses, schools. paving streets. building sewers and levees, etc. Of the refunding bonds more than $10 900 0C0 are in the State of Alabama alone, go it is apparent that the amount devoted to new work is well distributed throughout the section GOV cred.
 ."rhe amount of bonds issued this year Is nearly $20, 10000 greater than during the first half of 1904 the figures for that period having been $25,7i6,l0i, For the first quarter of 1904 there was issued a total of $10,G00,o00 of bonds. while for the same period in l9c6 the issue was, in round numbers. S1s,o00,- 900, the actual figures being less than $24.000 below that amount For the second quarter of 1904 the issue was $15,716,104, and for the same period of 1905 1t was s27.312.9oo.
 Present indications are that the spirit of improvement and progress which has prompted the bond Issues will continue and that a large addition to the present total will be made be- fore the end of the year, perhaps equal ing the record of the first half, althous< generally there are fewer building con- tracts of all classes undertaken D inc approach of winter"
 During the half year. according to data gathered by tho Manufacturers Record, plans were announced for the addition of 252,020 spindles and 5,6s4 looms to Southern mill equipment Of these 141,38s spindles and 3.656 looms are credited to the second quatrer of the year. Progress in this direction continues to be marked by the action of owners of established mills in sup plementing their equipment. There were four new mills announced In the second quarter. their equipment to be about 23,000 spindles and 456 looms. an investment of about $460 900 by experienced Southern man ufact lrers. Sixteen mills were ar- nounced as installing or having decided to install about 11S.000 spindles and 3.200 looms. representing an investment of about s2,360.000. In addition. mem ton may be made of the plans of New England capitalists to form five com panie3 to build cotton mills of 10000 spindles and 300 looms each on the line of the Southern Pacific Railway fir Texas.
 Analyzing the official figures of the petroleum output in the past year and them with the output in 1894. the Manufacturers Record shows that the increase in the Southern States, equal to 395 per cent. was from s.579,- 1S4 barrels to 42,495,s02 barrels, or 33.- 9l6.618 barrels. It says;
 This increase was not far below the increase in the rest of the country in that time, from 40.765,332 barrels to 7s.237,619 barrels. or 37472.2S7 barrels. equal to but 91 per cent. The South ern production in 1904 was more than $, ,000, 900 barrels greater than the in crease in production in the rest of the country during the preceding ten years
 Tn that period Texas advanced from only SO barrels to the second place in production being exceeded only by which in 1894 was producing more than 705.0Oo barrels and West Virginia advanced beyond Pennsyl- vania. Ten years ago Louisiana was not a producer. and the Kentucky Ten lessee field, now a million barrel propo- sition, was an inconsequential producer. The trend of the industry is indicated by the fact that In ten years the pro- duction in the territory embracing the Southern States. Kansas, Indian Terri tory and Oklahoma has increased by 39, ,394.o15 barrels. and that in the ter riinry embracing Ohio. Indiana. Illi-