The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-07-16
new INDUSTRIES
OF The PAST WEEK
Increasing Activity in Purchase
of Lands by Foreign
Syndicates.


the most striking phase of the devel-
opment of the South in recent years.
according TO the Manufacturers Rec
ord OF this week. is the increasing &C
uvity seen in every part of the South
In the purchase of land By foreign
and Western syndicates for colonial
ton purposes. These sales are indica-
tive of the growing appreciation
throughout this and other lands of the
opportunities for safe investments in
the purchase of Southern properties.
They also show that the colonization
forces. which have heretofore carried
population to the West and TO the Pa
cihc Coast, are turning their attention
to the South as the most inviting nelu
In the world for their operations. Dur
ing the past week the English cotton
spinners. who were recently reported
as having purchased $4,000 acres OF
land in Mississippi. paid in cash
through Memphis bank sS.25o.ooO.
This sale had scarcely been completed
before Holland capitalists had closed
the purchase of 5000 acres in Missis-
sippi for about $1,000. 900. in the devel-
opment Of which another 81. 900. 900 will
be expended. The announcement made
two weeks ago OF the purchase of a
15.0o0-acre tract in Florida for $500 900
oy German buyers is followed this
week by the purchase Of about l0o. 900
acres in the same State. also by Ger
mans. and likewise Intended for coloni-
cation purposes. Hon. William Kent,
member Of Congress from California,
and associates have purchased &c, 00v
acres in North Carolina. which will be
cut UP into small farms and improved
by good roads and suita bile buildings,
wh.i' Chicago people have bought
$500 acres OF land in Georgia, adjoin-
Ing tract of $4,000 acres which they
already own. and which will be devel
oped by the building OF an electric rail-.
road and which Is likewise intended
for colonization.
ported. and negotiations are under way
In this country and abroad for the
purchase Of many other large bodies
Of Southern land
The past week has been very busy
one in industrial and developmentaJ
enterprises. l.. P. Featherstone and
associates. OF Galveston. who are build
ing forty mile railroad from tho
Sante Fe system to open up an iron
ore field controlled by them, and estf-
mated TO have 100000 tons of high
grade ore. have organized the East
IeNas Brown Orc Development Com
pany. capitalized al s2.5o0.0oo. for the
purpose OF developing this field and
shipptng ore to Atlantic Coast furnaces
Tor which large contracts have already
been made, and having in view ul,i-
mately the building of iron and steel
works al Port Bolivar. Texas. using
either West Virginia or Alabama coal
and coke. When this is done it is in
tended that steamers shall carry coal
and coke one way and iron ore the
other
me Appalachian Power Company. re-
Gently reported to spend $4,000 900
III the development of hydro-electric
power plants in Southwest Virginia has
made contract for 100000 barrels of
portland cement with Virginia cement
producing company.
Among other Industrial enterprises
reported during the week. some OF the
more important ones were as follows
Grandview Coal and Timber Com.
pany Chattanooga. Tenn which re-
Gently increased its capital stock from
sloo.oop TO s25o.0oo. reorganized to con.
solidate It's interests dncludine ono
acres OF mineral and timber land) win
the interests OF two Ohio capjtalists
owning $4,000 acres OF adjoining pron-
erty' and purchased $4,000 acres; win
thoroughly develop $4,000 acres
sedeewick kistler. Lock Haven. Pa.
~ "a una ana vest virginia
associates purchased Craggy Mountain
Lumber Company property in North
carolina, including several thoussnd
acres OF timber land and railroad |or
development; purchase price reported
as 100000. ECU
Amazon Cotton Mills. ThomasyiI,o
~ C.. awarded contracts for bui,dir,
ana machinery TO double present plan,
which operates about 5000 snin6les
on yarn production: will spend abou,
100000 for enlargement
Seaboard Air Line Railway. Ports
mouth, Va. awarded contracts for
improvements at Hutchinson Island
savannah. Ga: improvements will in.
ciude dredging slip extension 200 hv
GOO feet to depth of % feet. construc-
ton of fertilizer sheds and warehouses
etc; reported that about $500, 900
Bowling Stands Lumber Co, Green
Cove Springs, Fla. was organized to
develop timber recently purchased:
Will erect double band sawmill with
planning mill and dry kiln for daily ca
pacity of 1000 feet of yellow pine
lumber.
Rockdale Roofing e Asbestos Prod
ucts Co, York. ia, will build plant
for manufa curing asbestos paper.
building feits and paper at Hoffman
Vile. Md: buildings will include As
by 200 foot main structure and others
As by 90 and 40 by 100 feet.
Greer Manufacturing Co, Greer, S.
c.. awarded contract for erection of
additional cotton mill building four