The Montgomery advertiser., 1909-07-07
INDUSTRIAL PROGRESS.
Weeks Review of New Enterprises
 Alabama and Georgia.

Weeks Review of New Enterprises in
 Alabama and Georgia.
 Columbus. Ga, July 6.-(Special.)- The Georgia and Alabama Industrial Index will say tomorrow in Its regular weekly issue:
 Banner. building records of previous years in Georgia and Alabama stand in serious danger of losing their pres tige, for reports of the operations for the first six months of 1909 in the two States show that the reaction from the late panic so so great that new high water marks in investments in brick and concrete and wood and stone will be created if the last iNlf of the second year but keeps pace with the first half. In Atlanta. Ca, for instance, where the highest record for building permits in c year was slightly over $5.000.000 in 1906, 1t is predicted that 1t will take the figures ss.0Oo.ooo to express accu- rately the building operations for 1909. this estimate being based on the record of the first half of the year. In Sa- vannah, the second largest city in Georgia, the gain In permits indicates the smashing of the records there, the figures to date being an increase over those for the corresponding half of any previous year. Among the Alabama cities the building record of Birming-
 
 no detailed comparison with the per- mits of previous years has yet been compiled, much of the construction is of such a costly and substantial char acter that the capital of the big Ala barna mineral district may be In the same class with Its Georgia sisters in the respect of setting up brand new building record.
 Tn the realty transactions of the week, the heavy sales in Atlanta, Ga, and vicinity are the most conspicuous. Their substantial nature Is indicated by the considerations. some of the figures for the more important sales being as follows: $50,000, $67,6s7, s,400, SEA- 900, $s2.267, 25,000 and $lS,000. Vir- ginia company acquired mineral lands in Polk County, Georgia, and will de- velop them and much activity is re- ported in ore lands in Colbert County, Alabama.
 The contract was awarded for the construction of the first railroad ever built in Heard County, Georgia. At Grlffin, Ga. the third oil mill Is to be erected. Moultrie. Ga.. and Madison County, Alabama, sold bonds at a pre- mium. A new bank is reported for Cottonwood Ala. In several of the Ala bama and Georgia cities the aggregate amount paid out in the shape of bank dividends on July l was the largest for any one dividend day in the hls- tory of those places.
 The operations of big peach orch ard and tobacco farm. near Americus, Ga are to be enlarged by it's Ohio and Chicago owners. and a net profit of s100.oo0 per annum in promised the stockholders. At Greensboro, Ga., Mill len, Ga, and Stone Mountain, Ga, the contracts for the erection of new churches were awarded. The stock holders of an Anniston Ala. yarn mill will meet July IS to consider the ad- visa ability of enlarg1Lg the plant.
 Railroad companies have just placed orders in the Birmingham district for about 500,000 tons of coal. Fourteen corporations were chartered in the two States during the weeK. their minimum capital stock being $sss.oo0. At a mass meeting of the citizens of Cuthbert, Ga, the City Council was asked to in- vestigate the cost of enlarging the lighting and water works systems, in- stalling sewerage. erecting a city hall and school buildings and making other improvements. and then to call an cleo tion on the issuance of bonds for these Improvements. An industrial school Is to be established on St. Simon's Island, opposite the city of Brunswick. Ga."