The Montgomery advertiser., 1905-03-11
SOUTH'S DEVELOPMENT
SIGNS OF IMPROVEMENT NOTED IN ALL DIRECTIONS.
General Trend of Business Shows More Than Ever Before the FavOrs Which Are Coming
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 Baltimore. March 10.-(Special)- The general trend of business develop ment today is more pronouncedly in favor of the South than ever before. Elaborating that fact The Manufactur- CTS Record in it's issue this week says:
 Tn every direction there are signs of advancement. Starting with the mineral regions of Virginia and West Virginia, where there Is remarkable activity in coal and iron interests, on down through Kentucky and Tennes- see to Alabama, where coal and iron activity is greater than ever before. with plans under way for developments which will make the South leader in metallurgical progress. to New Or leans and Galveston. where the export grain trade of the country is now cen tering, there is in every direction im- provement and advancement. Cotton mill interests are getting in better shape; water-power developments are under way at many points, especially in the Carolinas, including the immense undertaking at Yadkin Falls by Pitts burg capitalists; here and there immi- grafton is sufficiently marked as to be commanding much attention.
 Five or six years ago, when the great boom of that period swept over the country. the South had scarcely be- gun to emerge from the depressing effect of years of low priced cotton and the agricultural poverty which that condition had brought about. It's iron interests were not in a position to get the benefit. except to a limited extent, of the prosperity in iron and steel, and so the great wave of activity had almost passed away before higherprice cotton and Improvements and consoli- dation in iron and coal and railroad developments had put the South in a position to reap the same rich harvest that other sections gathered. But now the conditions are different. The big profits on two or three years cotton crops sold at high prices brought such financial strength to the farmers as to enable them to hold this crop back from the market to the despair of the bears, and the iron interests. developed by new and modern improvements and by the building of new furnaces and steel works. are in shape to enjoy the present prosperity in that trade and to justify further developments on a very large scale. Thus the South enters this period of industrial activity in a far better shape than before. and in the next i've years We snail see more real wealth created there and a greater volume of business than in the last ten years. We shall now do in five years much more than we have done in the past ten. That Is the assured progress ahead of the South"
 "Strikingly indicative of Southern conditions is the fact that since the first of the year announcements have been made by a number of prominent railroads working either wholly or partly in the South of large expendi- lures to be made principally for motive power and rolling stock. but partly for rails. The Pennsylvania Railroad leads with $23,000.000 for purchases, includ- ing 500 or 500 engines and more than Il ,000 freight cars; expenditures by the Baltimore and Ohio Railroad will ap- proximate $14,000.000 for 250 locomo- tives, 10000 freight cars and 4s00O tons of rails. The Southern Railway the Santa Fe and the Southern Pacific will pay out approximately $6,OO0, ,OOC each for cars and locomotives. The Southern, for instance. has given orders for 79 engines and 5000 freight cars the Santa Fe for 75 engines and 5.3OC freight cars. besides some passenger coaches and the Southern Pacific for 100 engines and 1.600 freight cars. be-
 
 let heavy rail contracts. The Alabama Great Southern. the Chesapeake and Ohio. the Kansas City, Mexico and Orient, the Missouri Pacific and the Western Maryland are to spend $1,- 100000 each for cars or engines or for both. The Frisco system will dis purse about $1.5O0.OO0 and the Norfolk and Western $2.0OO,O0O for like pur- poses. Smaller orders are reported by the Central of Georgia, the Chattanooga Southern. the Cincinnati, New Orleans and Texas Pacific, the Mobile, Jackson and Kansas City, the St. Louis South western and the Virginia Southwestern. but some of these will probably be in- creased before the year is much older.
 Moreover, all the rail purchases in the South are not here covered. for some of the companies have not vet announced their contracts for the cur rent year, while others gave their orders in 1904 for delivery in 1905. Those here noted are new contracts The reason for these liberal dIsburse- ments in the purchase of equipment is made apparent by the monthly state ments of the railroad companies. all of which here mentioned are showing steady and rapid growth of business. The outlook for this year indicates that the drain upon the equipment resources of the roads will be larger than ever yet they will apparently be able to ac- cept and handle all business offering inasmuch as they have taken time bv the forelock by early placing their orders with the manufacturers.
 
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