The Birmingham age-herald., 1915-03-12
Resumption of Industrial Activity

Resumption of Industrial Activity
 The Industrial Index, published at Col umbus, Ga, gives in this weeks issue 0 Ions list of the partial undertakings in the southeast, giving conclusive evidence of a resumption of industrial activity. Here are a few of them:
 An eastern syndicate announces that
 it will erect in Palm Beach, Fla, the fin est and costliest tourist hotel building yet constructed in this part of the country.
 Atlanta, Ga., is preparing to have ap- proximately 20 miles of streets at cost of $5OO,00O to s600.O00.
 "A contract has been awarded at $3,975,- 000 for the construction of a railroad be- tween West Palm Beach, Fla, and point on the bank of Lake Okeechobee New York and Chicago capitalists being inter- ested and an issue of s1.500,000 of the road g bonds having been underwritten.
 "The district in which Jacksonville. Fla, is located has planned the construction and equipment of school buildings at @ cost of s965,OOO. and is to vote upon an issue of s1,OOO.00OO of bonds to pay for them. Hillsborough county, Florida, will expend $175, ,000, or more, in the erection os school buildings.
 "A company is being incorporated with minimum capital stock of $100,000, and maximum of $5,0O0,O00, to establish su- gar refinery in Savannah, Ga., and op- crate a line of steamships between that city and West Indies ports. Those inter- ested are well known capitalists of New York and elsewhere. One of them is pres- of i, ter1 in Savannah. it being planned to es- tablish the refinery on the line of this road.
 Lake county, Florida, has received $545S53 from the sale of road construction bonds, and will begin immediately the bdilding of highways.
 "A railroad with headquarters in Sa- vannah has asked for rights-of-way over streets in Augusta, Ga., and proposes to extend it's line to Athens, Ga. "Contracts are being placed for the con- struction at Savannah of steamship ter minals that will cost nearly $1, ,0O0,00O Birmingha Should He Represented In talking about the objects of the meet ing of financiers from sSouth American COQulIIcS u DS uCio III W WdShii5lou oii May 10. John H. Frye. president of the Traders National bank. said that he thought Birmingham should be repre- scented.
 "As I understand it the objects of that meeting are to arrange plans for getting the trade of those countries through such financial arrangements as may be neces- | sary, and as Birmingham occupies com i manding position in the iron and steel line for exporting these products to those countries it seems to me that 1t is an op- l portunity to advance the interests Of this !, city that should be profited by" said MT. Frye. "Other sections of the United States Will be well represented and if no invita- tion is extended by President Wilson to this city to send some one from here, think we should not hesitate to have the matter brought to his attention, either by MT. Underwood or MT. Harding, in order that Birmingham may profit from the views that will be set forth by those who come from our neighboring countries in South America to establish trade rela- tions with us."
 Iron and Steel Rogers, Brown & Co.'S Cincinnati re. port. just issued, says in part:
 Buying during the week indicates a 1 tendency the part of some toward smaller tonnages at more frequent inter-
 vals, although the larger purchases have not been lacking and some good sized business is still under negotiation. 1 Local buying has ranged through a variety of grades Specifications against contracts continue satisfactorily and vii probably gradually improve. Buying oi northern pig iron for extended delivery has been accomplished at present prices which have not changed from r""'' ~'-- Throughout the west the business continues to show suits. The steel trade is