The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1911-11-11
INDUSTRIAL RECORD
BROKEN in SOUTH
The PAST WEEK
NEW INDUSTRIES RUN FAR INTO
THE MILLIONS OF DOLLARS
CAPITAL.
MOST WONDERFUL DEVELOPMENT
In All States in All Lines of Industrial
Enterprise New Men and New Capt.
tai Are Taking Part on a LARGE
Scale.


Baltimore, Nov. 1.-THE Manufac-
turers Record in reviewing the indus
trial situation in the South for the
week reports that more enterprises Of
great Importance representing an ag-
gregate investment running far into
the millions of dollars have been re-
ported this week than in any one week
for some years. From every part of
the South representing every line of
industry many great undertakings
have been announced. These have in
volved the purchase of a number of
large tracts Of lend mineral. timber
and agricultural, by outside investors.
The establishment of new ENTERPRISES
of unusual Importance to the South
one representing an investment of
over 100000 for the manufacture of
ethyl alcohol in Louisiana out of the
waste pine products and sawdust of a
big lumber plant, and another the es-
/ tablishment in Nashville of motor
car plant to have an output next year
of $500 cars. The largest single en-
terprise reported which represents an
outlay of probably considerably over
S5,oOO,OOO, is the purchase by one of
the big iron making concerns in Ala
bama, of another iron and coal com
pany in that state. having two blast
furnaces, 10000 acres of coal land and
2,40O acres of iron-ore land. This will
be followed by large development ope
rations, which will have a far-reaching
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 serv
ice to towns and cities in the centra'
south continues to be pushed with un
abated energy, and in Georgia, Ten
nessee and other states developments
of great importance have been report
ed during the week.
Eastern capitalists bought for about
$250,000 a tract of reclaimed swamp
land near New Orleans and will make
this model as to the possibilities OF
raising three or four crops year on
reclaimed soil, establishing in this
connection soil laboratories and pro
viding every needed facility to demon
strate what crops can be raised to best
advantage and how marketed. Invest
ors from Pennsylvania and other sec
tions have purchased an aggregate OF
about 175O00 acres of coal land in
eastern Kentucky in a region which
is now probably the most active sec
ton of the United States in coal ope
rations and coal mining development
work
Briefly detailed, some of the more
important enterprises reported from
the south during the past week indie
ative of the activity and the wide
range.of industrial operations in thar
section are as follows:
Woodward Iron Company, Wood
ward, Ala, has purchased the proper
ties of the birmingham Coal & Iron
Company at 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 neal
North Birmingham. 1t is stated that
the company will begin at once the
expenditure of a large amount Of
money for betterments.
Georgia Light, Power & Railways
Macon, Ga, financed by New Yorl
bankers, has bought the controlling
interest in the Macon Railway & Ligh
Company. Central Georgia Power 80.
Continued on Page Four.)