The Montgomery advertiser., 1908-07-01
INDUSTRIAL PROGRESS.
The Weeks Review of Enterprises in
 Tvv0 States

Two states.
 Columbus, Ga, June 30--(Special)-- The Georgia and Alabama Industrial Index will say tomorrow in its regu- lar weekly issue:
 "The spirit of business enterprises Is abroad in the Southern country. eSrec- tally in the favored states of Geor- gia and Alabama, as is well Illustrated in a hunred different ways Along with the resumption of normal condi- tons there is a variety of industrial and business expansion that indicate that the greatest era In the develop- ment of the south's material resources is now in its dawn
 sTt has been peek of big things in Alabama, and Moh,.e the port for that state. has been very much in the iime-light. The Birmingham and Gulf Navigation Company proceeding coal fields to tidewater. has acquired the products of the Alabama Iron and coal fields to tideawter. has acquired eight steamers plying the Alabnna and Tombigbee rivers. The boats will connect with the new electric line that is to pierce the heart of the Alabama mineral district. extending from Tuscaloosa to cadsden, via Bsr- rningham, and it is planned to trans port the products of Alabama's mines and factories by electric railway and steamboat to Mobile Bay, where a great shipping station Is to be estab- lished on Dauphin Island. It is an ambitions undertakingt end one ,s not surprised that the capital Of the com- pany is the Eood round sum of $1e,- 100000.
 "rh4 Mobile Portland Cement Com pany and William J, Oliver. the big Tennsssee contractor. have joined forces forming the Mobile Portland Cement Nna Coal Company. with capi- tai stock of $6,00o, 900 and authority to issue s3.000.000 of bonds. and the new corpofation will proceed to build the large cement plant at St. Stephens, Ala, that was projected some time ago. The company will also develop nearly 10000 acres of coal lands. and the products of the coal fields and ce- ment plants will be carried by barge to Mobile.
 Another incident of the week in Mobile was the announcement that a $500,000 company had been formed under the laws of South Dakota to de- velop property along Mobile Bay. The banks in that city had fine report to make of their operations for the first half of 1908, and reported that busi- ness was considerably better than in the last half of 1907. All the banks declared nice dividends. one of the mi-annual dividends being as high as twelve an one half per cent. One institution reported that its net earn ings during the past fiscal year had been twenty per cent.
 "The canneries that have been es- tabllshed In Georgia and Alabama this year are giving employment to many people and the propfietors antic- ipate a nice profit. Their success is giving a great impetus to the industry. Fe A,Az f.AA scores of canneries will be establish ed in the two states. Another subject in which the people in the farming dis tricts are becoming more and more in- terested is that of creameries. One is being established at Newman. Ga, by the farmers of Coweta County, and there Is an agitation to launch such an enterprise in Toccoa' in the noun tains of north Georgia A creamery was recently established at Cedar town, Ga.
 lover twenty new corporations were formed during the week In the two states and they represent many lines of industry and mercantile investment.
 "The details of construction work for the two states show many features of interest. The building boom con- tinues in full swing. and the people are not only building. but are using better material. owing to the present favorable prices. It has been years since plans were drawn for so many brick and concrete structures. and in a good many of the more ambitious buildings steel figures prominently. The Birmingham Chamber of Com merce Is going right ahead with it's plan to erect a handsome office build Ing that will be a credit to the or ganisation and an inspiration to the investors of that city. Contract for modern building of six or eight stories may be let this week by Selma, Ala. bank.
 Pretoria, a lumber center down in southwest Georgia that has been si- lent and almost in the deserted vil- lage class for the past two or three months. owing to the closing down of the big lumber plant there. Is to re- sume its former busy appearance, a ThomasvilIe, Ga. company having con- cIuded its arrangements to place the pine lumber plant there in operation again"