The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1908-10-21
INDUSTRIAL INDEX
HOPEFUL OVER
SITUATION
ITS ISSUE OF YESTERDAY REC
oR0s MANY NEW AND DIVER
slFIED INDUSTRIES IN DIXIE.

COLUMBUS, Ga, Oct. 20.-The
Georgia and Alabama Industrial In
dex says n its regular weekly issue:
The excellent credit of southern
municipalities in the financial centers
of the country has just been illustra-
ted In gratifying and rather striking
manner Ly the bidding for $2,61O.000
OF lefunc ng bonds to be issued by
the city of Savannah, Ga. There were
thiity-four bidders, representing all of
the large cities of the country where
calItdl is partial to municipal securi-
Lies as a safe and attractive invest
ment, and tic bids aggregated the sum
Of $27,2G9,CCc. The bidding of sew
eral large insurance companies was
feature. and 100000 of the bonds
Vas awarded a New York life insur-
ance company at 1.0507. The city of
Savannah will receive an average
l.o5l0 for The bonds, netting it a very
handsome premium of about $3.50. 900.
Several bidd Us offered to take the
entire issue.
During the week two conspicuous
ly successful land sales were con-
Quoted in the two states. One was
near Atlanta. Ga, and the other was
at Wadley, Ala, where hourishlng
town has sprung up with the coming
of the Atlanta, Birmingham & Allan
tic railroad. Some 1000 people. at
tended the later sale and business lots
scld as high as $3.50 each, A short
while ago the site of the town consist
ed simply of field and forest, there
being only one structure OF any kind
there.
"A 100000 gold mining company
applied for charter in north Georgia,
and in west Alabama a mineral land
corporation with the same amount of
capital was formed About dozen
new corporations are reported for the
week in the two states.
Tax values in the state of Alabama
increased over $2O,0Oo,OO0 during the
isosl year just ended which is re-
garded as substantial improvement.
A Valdosta (Ga.) Gotten mill has lust
received an order for $4,000 of cloth.
the largest it has booked during the
six years of its existence A cotton
mill is projected for Wadley, Ala, and
it is reported that the cotton mill an
terprise planned f-r Manchester. Ga.
will soon assume definite shape. Daw-
son, Ga, reports a $4,000 fertilizer
company, and Foley, Ala, a new ice
plant
Proposals are invited for extend
ing the waterworks system at Gads-
den. Ala, and for building a reinforced
concrete bridge at Sheffield, Ala. The
site for the Alabama Pythian temple.
at Montgomery, Ala. has been select
ed and this piece cf construction work
Will soon assume definite shape. AT
Eatonton, Ca, a telephone company
petitloned for charter, and the city
council of Dawson, Ga, granted fran
chse to new telephone company. A
clubhouse is to be built near Bruins
wick, Ga
Contract was awarded for the
erection of a History office building
in Birmingham, Ala, and for $780,
oO0 church in Mobile, Ala. F'itzger-
aid, Ga, organized creamery.
Contracts for building substantial
and modern Jail at Brunswick Ga
and Fort Payne, Ala, were awarded.
A shipment of rails arrived to be used
in the construction of a new railroad
from Ocilla, Ga, to Valdosta, Ga. Or
nate plans have been drawn for a
church at Brunswick, Ga. Oglethorps
county Georgia, is contemplating call
ing an election on the issuance of road
improvement bonds. Georgian re-
ceiyed the contract for building $3.50
600 of railroad track in South Caro-
lima"