The Birmingham age-herald., 1908-09-16
REVIEW OF THE WEEK.
Land Values in the South Show An
 Increase.


 Columbus, Ga. September 16.-(Special) The Georgia and Alabama Industrial h. dex will say tomorrow in it's regular weekly issue:
 'It was just about 40 years ago that Georgia and Alabama passed through the historic 40-acres-and-a-mule period, and it is interesting and refreshing to note that the forty -dollars-an-acre era is now being ushered in. Recent events tend to show that this interesting stage in the south's development has been reached. and while 1t is true that the increased land values manifest themselves not uni- formly, but at first in the most fa- vored sections it is indeed gratifying that so many sales are being made at such satisfactory prices. It is an in teresting coincidence that $40 an acre was the price paid for land in several transactions in the two states during the past week, the most notable sale, per haps, being that of 800 acres in Pulaski county, Georgia for $20,000. Down in Clinch county, Georgia, the timber priv ileges on tract of land sold for $60,0 GOO. A Georgian sold 25,000 acres of farm land across the line in Florida to Chicago syndicate for a hand some sum- Brunswick capitalists in- vested heavily in tract of land in the city of Jacksonville, Fla. A good-sized timber tract in south Alabama changed hands during the week.
 Into the business affairs of the two states is injected the new blood of some twenty corporations, which begin exis- tence with minimum capital of about $400,000 These new corporations repre- sent numerous line of business endeavor and show that enterprise and invest aggressive manner.
 Placing itself squarely in line with progressive Georgia municipalities, Brunswick has called an extra election on the issuance of $175.00O of bonds for various city improvements. Covington, Ga., voted for $6O,O00 of bonds for water works and sewer extensions. Gainesville, Ga., is agitating the issuance of $l6O,0O0 of bonds for municipal improvements. Fitzgerald, Ga, sold its $130,000 issue of city improvement bonds at satisfactory premium.
 New banks are announced for Car bon Hill, Ala, Kennesaw, Ga, and Jones' boro, Ga., and contract for the erection of a bank building at Boaz, Ala, has just been let.
 At Birmingham, Ala3 bids for erect ing fifteen story office building were received and the contract will be award ed this week, while specifications for seven story office building there were placed in the hands of contractors and their bids invited. Among the interest," ing construction items noted are: $25, 900 apartment house, Birmingham, Ala; ho- tel, Rome, Ga; churches, Foley, Ala, Greensboro, Ga., Mobile, Ala, and Val dosta, Ga; school buildings, Fitzgerald. Ga, Tuscaloosa, Ala, Menlo, Ala, and Carrollton, Ala; and the award of con- tract to build s6O,O00 hospital addition at Atlanta, Ga.
 New buggy factories are to be es- tablished at Barnesville, Ga, Griffin, Ga, and Covington Ga. An Atlanta Ga, company was chartered to manu- fracture artificial limbs. Gadsden, Ala. gave an Attalla company franchise to furnish the city with electrid light and power. A $100,O0O iron and coal com pany asked for charter at Cedartown, Ga. At Dawson, Ga, $20,0O0 telephone company was formed. Mobile, Ala is to have a new chemical works and will en- large another chemical plant already in existence there Ice plants for Hart well, Ga., and Augusta. Ga, are noted.
 Cheerful reports of improving prices were made at the monthly meeting of the Alabama West Florida lumber men, at Montgomery, Ala, although 1t is an- nounced that the manufa cturers will not make the mistake of rushing too much lumber to market during the next two or three months, but will accept the brightening conditions with the proper degree of conservatism"