The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-11-14
INDUSTRIAL
SITUATION IN
SOUTH BRIGHT
MANY ENTERPRISES, REPRE-
SENTING AN AGGREGATE IN
vEsTMENT RUNNING FAR INTO
THE MILLIONS, REPORTED.
special to The journal

Baltimore, Nov. 13.-The Manufac-
turers Record In reviewing the indus
trial situation in the south for the
week reports that more enterprises o
great importance representing an az
gregate investment running far int.
the millions of dollars have been re-
ported this week than in any one week
for come years. From every part OF
the south representing every line OF
industry many great undertakings
have been announced. These have
involved the purchase OF a number
of large tracts Of land, mineral, tim
der and agricultural, by outside in
Vestors. The establishment of new
enterprises of unusual importance to
the south, one representing an invest
ment of over 100000 for the manu-
facture of ethyl alcohol in Louisiana
out of the waste pine products and
-sawdust of a big lumber plant, and
another the establishment in Nashville
of a motor car plant to have an out
put next year of $500 cars. The
largest single enterprise reported
which represents an outlay of prob
ably considerably over $5.000,000, is
tho purchase of one of the big iron
making concerns in Alabama, of an
state, having two blast furnaces, 49,
900 acres of coal land and .2,400 acres
of iron ore land. This will be fol-
lowed by large development opera
tons, which will have a far-rea ching
effect upon the iron interests of that
state.
The activity in, the development of
hydro electric plants and the exten-
sion of electric light and power SER
vice to towns and cities in the CEN
trail south continues to be pushed with
undated energy, and in Georgia, Ten
nessee and other states developments
of great Importance have been re-
ported during the week.
Some Big Deals.
Eastern capitalists bought for about
$780, 900 tract of reclaimed swamp
land near New Orleans and will make
this a model as to the possibilities of
raising three or four crops a year on
reclaimed soil, establishing in this
connection soil laboratories and pro-
vidfng every needed facility to DEM
onstrate what crops can be raised to
best advantage and how marketed.
Investors from Pennsylvania and
other sections have purchased an ag-
gregate of about 175,000 acres of coal
land in eastern Kentucky in region
which Is now probably the most ac-
tive section of the United States in
coal operations and coal mining devel-
opment work.
Briefly detailed. spme of the more
important enterprises reported from
the south during the past week indi-
cative of the activity and the wide
| range OF Industrial operations in that
section are as follows:
Woodward Iron Company, Wood
ward, Ala, has purchased the prop
critics Of the Birmingham Coal & Iron
Company at a cost of several million
dollars. These properties include 40,-
900 acres of coal and 2.400 acres OF
| iron ore land, together with two blast
furnaces located at Vanderbilt, near
North Birmingham 1t is stated that
! the company will begin at once the
expenditure of large amount oil
money for betterments.
Georgia Light, Power & Railways
| Macon, Ga, financed by New York
bankers, has bought the controlling
| interest in the Macon Railway & Light
Company, Central Georgia Power Co.
and will own the stock of the new gas
company which recently requested 6
franchise from the city of Macon
, The company will also construct d
/ transmission line for the power COM
pany from its present terminal In
! Griffin to Atlanta.
Charles Page and B. F. Rice OF
Tulsa, Okla, are interested in thS
establishment of a rolling mill tC
manufacture structural and railroad
iron and steel from iron ore and SCRAP
| iron; mill will have capacity of 4C
| tons daily.
Oriskany Ore & Iron Co., Buena
Vista, Va, has made preliminary con-
tract and will probably close all con-
tracts within 30 days for the erection