The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1914-11-09
NEW INDUSTRIES
IN DIXIE LAND
SPECIAL TO THE JOURNAL.

SPECIAL TO THE JOURNAL
Columbus, Ga, Nov. S.-The Indus
trial Index says in its issue for this
week:
ga company with minimum capital
stock of $500, 600 has just filed appli-
cation for incorporation to establish
cotton mill in Lagrange, Ga. at a
cost Of about half a million dollars
and the stock has been over-slIb-
scrfbed.
THE occurrence would be notable
even in the best of good times and
would be regarded as an index to gen
era1 business conditions. 1t is not
able now, and likewise is an indica-
ton Of business conditions. The stock
was subscribed largely by BUSINESS
men Of Georgia and Alabama, inc1ud-
ing a number Of farmers, and Eastern
capital is interested Also.
THE best and biggest thing for bus
mess generally in this part OF the
country that has happened since the
beginning of the war in Europe has
just occurred
1T was the announcement by Great
Britain that oversee shipments Of cot
ton will not be regarded by it as
contraband of war, even though con-
signed to enemies Of the allies. Thus
American exports Of cotton can go uIl-
molested by Great Britain to Germany
and Austria as well as to England,
France and European nations not at
war 1t is believed that all warning
nations will follow England's example
with regard to cotton.
ALREADY the buying of cotton IN
this country for England, Germany
and Austria is reported. Galveston has
,F Give
great ships are being loaded in Sa-
vannah by one export firm, the car
goes containing cotton and naval
stores. The same firm has arranged
for twelve ships to be loaded In No
vember at Savannah for foreign ports.
These are but some Of the many
facts of the situation to-
day. These facts do not contain one
ounce Of pessimism.
And foreign orders for American |
products? They literally are mount |
ing into the millions and are increas- |
ing daily.
"Twelve corporations were formed |
during the week with minimum capital |
stocks aggregating $5sS,5o0.
Charters were granted to two COM |
panies in northern Alabama, one of /
which is to construct an interurban |
electric railway and the other to es-
tablish hydro-electric and other
plants
"A bank with capital stock OF $780,
300 is being organized in Savannah,
Ca, more than half OF the stock hav-
ing been subscribed on the day the
list was opened.
"Ocala, Fla, voted 100000 Of bonds
'or constructing sewers and $4,000 OF
bonds for establishing an electric light
plant A district of Levy county, Flor
da, voted $4,000 OF road construc-
ion bonds.
Among the items of construction
work to be done as reported this week,
ire:
Clubhouse, near Miami, Fla; church
building, Detroit, Ala; factory build
ng, Birmingham, Ala; bridges, Mus
,ogee county, Georgia; motion pic
ure theatre building and warehouse,
Columbus, Ga; paving, Jacksonville,
sarasota and st. Augustine, Fla, and
selma, Ala, factory building. La
Grange, Ga Construction contracts
ave been awarded as follows.
Apartment house, Atlanta, Ca:
ever completion, Se0.9S4, Tampa. Fla:
teeI bridge, Dallas county, Ala;
ever extension, Macon. Ca; road con-
truction, Chiffon and wilcox counties.
Alabama; ice factory, Birmingham,
1