The Birmingham age-herald., 1908-10-21
REVIEW OF THE WEEK.
Southern Municipalities Have Excel
 lent Credit.

Columbus, Ga, October J. The Georgia and Alabama Industrial In- dex will say tomorrow in it's regular weekly issue:
 "The excellent credit of southern munic- qualities in the financial centers of the country has just been Illustrated in grati- fying and rather striking manner by the bidding for $2,610,0O0 of refunding bonds to be issued by the city of Savannah. There were 34 bidders, representing all the larger cities of the country where capital is partial to municipal securities as a safe and attractive investment, and the bids aggregated the sum of $27,269,000. The bidding of several large insurance companies was feature, and $1, ,0OO,000 of | the bonds were awarded New York life insurance company at 1.0507. The city of Savannah will receive an average of 1.o510 for the bonds, netting it a handsome premium of about $13O.0O0. Several bidders offered to take the entire issue.
 During the week two conspicuously successful land sales were conducted in the two states One was near Atlanta and the other was at Wadley, where a fiourishing town has sprung up with the coming of the Atlanta, Birmingham and Atlantic railroad. Some 1000 people at tended the latter sale and business lots sold as high as s55O each. A short while ago the site of the town consisted simply of field and forest, there being only one structure of any kind there.
 "A $20O,000 gold mining company applied for charter in north Georgia, and in west Alabama mineral land corporation, with the same amount of capital, was formed. About a dozen new corporations are re- ported for the week in the two states. '"rax values in the state of Alabama in- creased over S2OO0O,00O during the fiscal year just ended, which is regarded as a substantial improvement Valdosta. Ga, cotton mill has just received an or der for $5O,OOO of cloth, the largest it has booked during the six years of it's ex- istenee. cotton mill is projected for Wadley, and it is reported that the cotton mill enterprise planned for Manchester. Ga., will soon assume definite shape. Dawson, Ga., reports a $20,OO0 fertilizer company, and Foley new ice plant
 'PrOpOSalS are invited for extending the water works system at Gadsden and for building a reinforced concrete bridge at Sheffield. The site for the Alabama Pythian temple at Montgomery has been selected. and this piece of construction work will soon assume definite shape. At Eatonton, Ga. telephone company pe- titioned for charter, and the city council of Dawson. Ga, granted franchise to a new telephone company. A clubhouse is to be built near Brunswick, Ga
 Contract was awarded for the erec- tion of History office building in Bir mingham, and for a $100000 church in Mo- bile Fitzgerald. Ga, organized cream cry.
 Contracts for building substantial. modern jails at Brunswick, Ga. and Fort Payne were awarded. A shipment of rails arrived to be used in the construction of new railroad from Ocilla, Ga, to Val dosta, Ga. Ornate plans have been drawn for a church at Brunswick, Ga. OgIe. thorpe county, Georgia, is contempla ting calling an election on the issuance of road-improvement bonds. A Georgian re- ceived the contract for building S25O OOO of railroad track in South Carolina