The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1915-10-17
HALF BILLION WAR.
LOAN BRINGS GREAT
RICHES To SOUTH
INDICATIONS ARE THAT THE
GULF PORTS WILL MORE
THAN THE OTHERS PROFIT
FROM THE GOLDEN STREAM.

Pensacola, like all gulf port s of
consequence, is going to feel the eff
fects of the launching Of the great
half billion war loan, which has re-
Gently been successfully effected. Mo
bile is preparing for it, and in fact
all gulf ports, are getting ready to
care for the new business which win
be Immediately created as a result Of
the monster loan.
In proof of the above, the Mobile
Item of Sunday contained fine and
ably written article, from which the
below excerpt is taken:
Big Lumber Shipment.
While cotton has not moved to any
extent to England and Scotland up to
the present time, timber, crossties
and lumber have been going steadily
forward. M. ]. McDernott, president
of the Bank Of Mobile, N. B. A,
asked his opinion on Mobiles sharing
in the deal, so far as selling timber
abroad was concerned, said that he
has one customer alone who has dur
the past ten months shipped quar-
ter of a million dollars worth to Eng.
land. This same party, said Mr.. Nc
Dernott, has taken contract to de-
liver 100000 feet of lumber and
timber Of an immense contract for
the British government, to be deliv-
cred as speedily as possible.
One Of the largest timber and lum-
Der exporters of this city, asked for
his views on the subject, stated that
Mobile has been the present year
sending not less than 100000 feet
abroad monthly and the other gulf
ports have not been behind any. He
| figured that Mobiles share has been
from $4,000 to $4,000 monthly and
he believes this will be increased by a
large margin. He also figured that
the larger ports of the gulf, including
Pensacola, Gulfport, Sabine, Tampa,
ST., Joe, Fla, and other ports of
smaller size are sending and will
continue to send to the governments
in Europe immense amounts of tim
Der, lumber and crossties.
Lumber and timber is In greater
demand in the British Isles and on
the Continent" said Mr.. McDermott,
Gust at this time than is bread y
This information he has frem a most
reliable source. Dealing with Ala
bama's share in the big loan, he said
that the mineral district as well as
the cotton planters will naturally feel
benefits because of the demands
which will be made upon them for
their products. Mr.. McDermott said
he was confident that the iron and
steel industries would easily run up
as high as 100000 for twelve
months. u.s.
Steel and Iron Trade.
Kenneth W. Payne, one Of New
York's expert calculators and who
has taken the pains to figure ON
where the big loan will be spent and
the apportionment as to articles, says
Alabama will dispose of $1,000, 900
worth of cotton, and $1,000,000 of
steel and iron. He does not figure
anywhere in his estimates the money
that will be spent for timber, lum-
Der and crossties for this or any other
state. According to the lights at
hand he Is short as to the amount
Alabama will get from her steel and
iron products at least one-third, while
he fails to figure on lumber mill out
puts while as a matter of know fact
there are already large war orders
out in Alabama and Florida, and this
information is from the most reliable
sources. Payne figures that thirty
states will share in the distribution
; the South coming in for its share
His article, which is appended, will
prove interesting despite his over
look of one of the South's big indus
tries upon which the demand will be
great, as noted above, the lumber and
timber industry.