The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-11-11
ENTERPRISES N
SOUTH ON boon
More Reported During We
Than in Similar Period u
in Years
NORTHERN CAPITAL 80
SEEKS INVESTMElN!
Millions of Dollars Being
vested in Coal, Ore and 1
Timber Lands to
Develop

BALTIMORE, Nov. 1o.-The Ma1
ufacturer's Record in reviewing TT
industrial situation in the South O.
prises OF great Importance, repre1o1E(
ing an aggregate Investment runn1M
far into the millions of dollars, haN
been reported this week than In a2f
one week for some years. From o0S
cry part of the South reprs1snta1
every line Of industry many great -
dertakings have been announQo1
These have involved the purchaso m
a number of large tracts OF land. uat1
eral. timber and agricultural, BY cut
side investors.
Tho esta blishment of new entas8
prises of unusual importance to tnSIa
South. one representing an investnne ~
Of over 100000. for the manufsc4x a!
Of ethyl alcohol in Louisiana out
the waste pine products and sawdx
IA big lumber plant. and anot11
the establishment in Nashville az I'll
next year OF $500 cars. s9ss
The largest single enterprise Re-
ported, which represents an outlay ofS
probably considerably oevr @6, 000. eeo2M
II the purchase by one Of the 6d9a
iron making conoerns In Alabama IL
another iron and coal company FIN
tina state. having two blast furnac4xE
4o,ooo acres OF GOAL land and 2,zeo#s
acres OF iron orc land. This will -
followed by large development op.
erations, which will hav. far.ssa
reaching effect upon the iron inter-
ests Of that State. ssss
Eastern CaultnfAy in Field.
The activity in the development a
hydro-electrtc plants and the exte1S-
sion OF electric light and power SER
vice TO towns and cities In the Gen.
trail South continues to be pushA23a
with undated energy. and In GooF-
gia. Tennessee and other States de-
velopments OF great Importance havS
been reported during the week. Al
Eastern capitalists bought for aboai
$260,000 tract OF reclaimed swaua h.
land near New Orleans and will ma1ISs
this 4 model as to the possibilities r
raising three or four crops q year ETH
reclaimed SOIL establishing In I'M
connection soil laboratories and pre19
viding every needed facility to denno
strate what crops can be raised N
best advantage and how marko&6& VI
investors from Pennsylvania and otllssy
er sections have purchased an agExGa
gate of about $4,000 acres OF c6Sf
land in Eastern Kentucky In Co.,
gton which Is now probably the MI
active section OF the United States III
coal operations and coal mining IT,
velopment work. Nj
Briefly detailed. some OF the me-
important enterprises reported fr0
the South during the past week i
dicative OF the activity ana the Wf 81
range Of industrial operas1ons In tl13&
section are as follows:
Woodward Iron Company, WooHSz
ward. Ala. has purchased the pron
critics Of the Birmingham Coal A1
Iron Company at 4 cost OF eovS3
million dollars. These properties
clude 10000 acres Of coal and IT.
acres of iron ore land. together vii
two blast furnaces located ~ VI
derbilt. near North BirmfnRhaun.Ns
IL stated that the company will
gin at once the expenditure Of q ~
amount OF money for bettermenfass
Georgia Light. Power and Na1x2
ways. Macon, Ga. financed by M&qG
York bankers. has bought the eG1s
trolling interest In the Macon IT,
way and Light Company, Ceat
Georgia Power Company. and I'd
own tho stock of the new gas 60
pany which recently requested = Tt
chtse from the city of Macon.
company Will alxo construct b tf01
mission line for the power compG&
from It's present terminal In 0RtG
to Atlanta.
Virginia Activity.
Oriskany Ore and Iron Compai
Buena Vista. Va, has made pre1ta
nary contract and will probably olG
all contracts within thirty days
the erection OF blast furnace
Reusen, Va
Flat Greek Lumber Company. Rlcn
mond. Va, was Incorporated ~
$4,000 capital stock. and will
tablish sawmills in Virginia to -
an aggregate capacity of $4,000
OF lumber daily.
Texas Pine Tar Company. DeQu
cey. La. will install plant to aA1
facture resinous products. turpemt
and pine tar from out over ~
stumpage.
Hickory Manufacturing CompAl
Hickory. N c., was incorporatedNE
$4,000 capital stock.
Cambria Coal and Lumber On
pany. Lexington. KY, VAS inc0eI
ated with 100000 capital stocl
lease. purchase and develop mtM
lands. etc.
FL Salto Power Compang.
Orleans. La. was incorptfate6S
capital stock Of $500. 600.
United States Cast Iron. rapx
Foundry Company. New YoEaE
begun remodslinx Dim mick p1G2
North Birmingham, Ala. 49,
purchased some time Aeo: eoon
also make Improvements u ~ N
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