The Birmingham age-herald., 1908-07-08
REVIEW OF THE WEEK.
Dividend Money Greases Wheels of
 Commerce.

Columbus, Ga, July 7.-(Specia1 )--The Georgia and Alabama Industrial Index will say tomorrow in it's regular weekly issue:
 ''Dividendmoney is now greasing the wheels of commerce in Georgia and Ala bama, and a right welcome lubricant 1t is. Numerous banking, industrial and rail- road corporations in the two states de- clared annual, semi-annual or quarterly dividends during the first week in July, and a great sum of money was thus placed in the channels of trade, benefiting countless thousands of people. In the city of Macon. Ga., the money paid out in div idends Is estimated to have been $l0O,00o | in Augusta, Ga., the interest paid savings bank depositors aggregated $60,O0O-and this was but one item. In other large cities in the two states big sums of money were turned loose by the corpora tons in the shape of dividends to stock folders, who for the time being found themselves in the same role as employees, in that they were on the pay roll.
 Two interesting industrial events of the week were the announcements of the de- cision of a big fertilizer plant in Mont gomery, Ala. and of the plans of another company to build guano factory in Selma, Ala. These are only two of many new industries that are mentioned.
 'The week was marked by railroad ac- tivity, important announcements being made which indicate that actual construc- ton work IS soon to begin on several long discussed projects. Electric railways between Sandersville, Ga, and Tennille, Ga, and at Huntsville, Ala, are among the projects of that character now as suming definite shape
 Mobile, Ala, is gratfied at the news that big Spanish steamship company is tc operate a direct line of steamers be- tween Spain and that port The fact that il, the same breath comes the announce ment that Mobllian has just sold 100000 feet of lumber for delivery at Spanish ports illustrates the possibilities of this new transportation line.
 "A $1,00OO00 hotel project has just been launched in Birmingham, and 1t Is stated that people of financial strength are pe- hind it. Bids for an elegant new hotel at Cordele, Ga, will be opened the latter part of the month.
 North Alabama IS cheered by the an- nouncement that reorganization of the Southern Steel company seems in sight, and it is said that the Georgia branch of the company is now practically free from litigation.
 From Mobile there has just gone to New York and Boston 40 tons of Florida honey, which is declared to be the largest shipment of honey ever made from Gulf port.
 Many new school buildings are project ca for various cities, towns and villages in Georgia and Alabama, and the people of the two states were never so progress sive before in the matter of education.
 South Alabama has become very much interested in the subject of tobacco cul- ture, and result of the successful expe- rlments made this year In growing shade tobacco of the finest tropical variety, it is probable that many farmers in that section of the state will enter the indus try on rather an extensive scale next sea- son. At Cambridge, Ga., which is already z, tobacco center of note, a large ware house has just been built in which the weed will be stored.
 ''The construction record of the week ending today Is one of the heaviest of the entire year. Numerous residences, busl- ress buildings and other structures of a more pretentous character. are being built or planned, and investors are deter mined to make hay while the sun shines evidently realizing that the present favor able prices on building material cannot continue indefnitely.S