The Montgomery advertiser., 1905-07-09
SOUTH'S POSSIBILITIES
INTERESTING LESSON FROM PITTs-
 BURG DISTRICT.
Power of Momentum Gained by Com munity After It's Industrial In- fancy-The Value of an
 Early Start. .

Baltimore. July 7.-tSpecial.) )-As an incentive to the South. rich in raw materials, The Manufacturers Record published some months ago series of letters by Mir. Albert Phenis, tell ing of the wonderful industrial achievements of New England. com pelled to bring its raw materials from other quarters. Subsequently MT. Phe- his made a study of iron and steel and other industries in Alabama as type of Southern development. This week he prents some interesting facts about the Pittsburg district which point clearly to the possibilities of the South. Pittsburg giving striking evi- dence of the power of the momentum which a community gains after 1t once has made an industrial beginning and of the value of, an early start as as- surfing a body of trained workmen and the advantage of the trademark which such a eenter's name becomes. Sum marking these facts Tho Manufactur- ers' Record says.
 He shows that while up to 1872. there were but two blast furnaces in the Pittsburg district, there are today thirteen group of iron producers with in forty-one furnaces and an annual pig iron producion of between 4.0oo.- coo and 5.O0O,0Q0 tons, practically no pig iron being shipped from Pitts burg but large tonnage being shipped in. For the utilization of iron and steel there are mills and shops of nearly every description. IA conn panies making machine tools and ma chinery, thirty-five iron and steel foun- dries 36 companies making equip ment for machine building. thirty-four companies building engines and lomo- tives, manufacturers of steel rails, armor- plate. nails. wires. bridges. structural shapes and steel cars, chains. axes and hammers. Ten thous- and persons are employed in making electrical machinery. Pittsburg cap italists representing .$125. 100000 con trol 131 coal-mining companies. and Pittsburg coke companies produce more than 55 per cent of the coke out put in the United States.
 Iron and steel, coal and coke, while, perhaps, of overshadowing importance, by no means exclude other factors. Ac- cording to the latest available figures, there are in the district 5000 manufac- turing establishments, with an aggre- gate capital Oi $OUU.UOO,UOO, employing 25O, ,OOO men, and turning out yearly product to the value of x450,OOO.0UO, the annual tonnage of the city being S6.- 0O0, 900 tons. Among these industries glass bottles, corks, life preservers. pickled and canned goods, aluminium and number occupy important posi- tions.
 Financial institutions of the city re- fleet the general prosperity. One with a capital of $1,500.000 carries a surplus of S2O,000,00O. One bank has deposits of $2S,0O0. 900 and another of $25.0O0,000 Tn the ninety-three bank and trust com panies in the city there are deposits of more than $30S.0O0, 900. an increase of more than 25,000.000 Since 1900. and this amount is steadily increasing. The industrial and commercial interests of Pittsburg require a vast amount of money, which Is suggested as an ex" planation of the comparative lack of interest among Pittsbuprg financiers in outside enterprises. But there are some notable exceptions to that: for in- stance, the investment of $7,000,000 or more in the development of the water powers of the Yadkin River in North Carolina, as well as other large invest ments in oil ana coal lands in Texas \ West Virginia and Kentucky.
 | "These facts hardly epitomize the lyastness of Industrial PittsburG and