The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-06-16
LOOKING SOUTH
FOR. SUPPLY OF ORES.
Virginia furnaces and Ore Prop
critics Bought by Pennsylvania
Concern Driven South.
RAILROAD BUILDING IN DIXIE.
Observation-Disclosures Contract
to Build Georgia Railroad
Has Been Closed.
snocio, In rho Times Dispntch. |

Especial to The Times -Dispatch.l
BALTIMORE, juno l5.--Thc Manu-
facturcrs' Record In this weeks Issue
presents number OF very striking
facts indicative OF the widespread ac-
tivitY in Southern business affairs.
Chief among the events OF the week in
the South Is the closing of q contract
Involving about S12.O00,00O for build
ing II a00-mile railroad from Chntta-
nooga to Savannah, with branches
probably to Augusta and Atlanta. This
IS the most important single railroad
undertaking reported In the Central
South for good many month";.
Coming South for Ore.
Showing the tendency OF iron and
steel people of other sections to invest
In Southern iron properties is the pur-
chase by strong Pennsylvania con-
cern Of three furnaces and large ore
properties in Virginia In view of the
fact that the United States Steel Cor
poration owns about SIS per cent. of
the known Northern ores, though 1t
makes only about so per cent. of the
iron and steel Of the country, independ-
ent concerns which make the other so
per cent, but which own only Is per
cent. OF the known Northern ores, must
or necessity as a protection for their
future interests sooner or later invest
heavily in iron properties In the South
crn States. The purchase OF the large
property mentioned in Virginia Is
doubtless but the beginning of very
important movements in this direction.
New Orleans sky-scrnpcr.
AS indicative OF Southern business
activity, as are the closing of this
railroad contract and the purchase Of
this iron property. issthe announcement
Of the letting Of the contract in New
Orleans for the building of q hotel to
cost s2.500.o00. 1t will be sixteen
stories high. Of firc-proof construc-
ton. 1G2 by $50 feet, and Will have
1000 rooms The progress of that city
Is strikingly shown, not only III this
great hotel undertaking, but in the
fact that the same week witnesses
the closing of contract for a new
depot and terminal station TO cost
100000. and for the building OF an
other hotel eleven stories high to cost
100000.
More HALLWAY improvements.
Another significant fact is the ex-
&. penditure of s1o.0oo,0o0 during the
pest year upon improvements by rail
roads centring in Atlanta, including
the construction Of two new roads,
doublc-tracking the building OF ter
minals. grade revisions. etc. AT Rome,
in the same State nearly 1000, 900
Eas been spent upon new building
and improvements. Of which 100000
Went INTO Establishments for enlarg-
Ing manufacturing plants, while there
are now being erected or planned
structures to cost in the aggregate
$500. 900. At Augusta q fertilizer com.
pnny established last winter will
double tho capacity OF its plant tc
10000 tons per season, and permits
issued during the past month at such
points as Louisville. Ky, Memphis
Tenn. Nashville. Tenn, Washington
D. G.. and Baltimore. Md, show a
steady advance in building operations
oil along the line.