The Yazoo sentinel. (Yazoo City, Miss.) 1878-1916, 1915-07-22
CONDITIONS IN THE SOUTH
LOOK VERY ENCOURAGING
Many New Manufacturing Enterprises
Launched During the Past
Week.

that through the operations of tht
new system currency panics in the
future seem to be impossible; that the
stimulus to expansion and speculation
which under old conditions would have
accompanied such large excess re
serves as those Of the present has
been largely eliminated; that the
United States is in a stronger posi-
ton than it was supposed it would be,
and has greater financial power than
any other nation. "The Federal Re-
serve System" says Mr.. Harding, "is
essentially a cooperative one. The
power of cooperation in achieving re-
suits was shown very forcibly last
fall, when several intricate and APP
parently hopeless situations were sue
cessfully worked out in short time.
Owing to our insufficiency of ocean
transportation and to the restrictions
imposed upon commerce by the ma
tons at war, some inconvenience may
be experienced, perhaps, in marketing
our crops this fall, but intelligent COM
prehension of the problems involved
and the strong position of this coun-
try as the worlds treasury and store
house should make the solution COM
paratively simple. Through the Fed
eral Reserve System and the banks of
the country ample funds can be pro-
vided to take care of staple commodi-
ties awaiting transfer from producer
to consumer, and, as no complications
seem likely to arise that have not al
ready been anticipated, it appears that
our people should be able to await
with patience and confidence the great
forward movement which is sure to
come when once is begun the world
work Of reconstruction and rehabili-
tation which must follow the re-estab-
lishment of peace"
AS appears through the news col
umns of the Manufacturers Record,
the country's great activities in ship
building are further demonstrated by |
the fact that the marine department |
of the Maryland Steel Co. is working |
to capacity on ship orders, employing
2,400 men, and having received in
quiries from various countries of the
world, including Russia, England,
Spain, and even Germany. Nine yes
sells are under contract at an approx
mate cost of $4,5O0,0OO, and tenders
are out on 20 or more additional ships.
Numerous and varied manuactur-
ing and other industrial enterprises
we're reported during the week, includ-
ng the following important announce
nents: e foN .
Wheeling Steel & Iron Co., Wheel
ng, w. Va, voted $5,0O0,0O0 bonds
,r betterments, and will at once is
iue $2,5O0,0OO Of the amount in order
o begin the construction of additional !.
ABILITIES, mainly 10 improve its fin
shing departments.
Calhoun Timber Co., Jacksonville,
ia, was Incorporated with 100000
apital for the purpose of developing !
imber land, manufacturing lumber,
to-, in Florida. Il
Holland Manufacturing Co., Athens,
IA, was organized with 100000 cap
tai to establish a disappointing
Mill, and will begin with rs knitting
to be increased to 100 ma
hines.
VIM. A. Lee, Brooklyn, N z, de-
ided to establish a press-closs mill 2
t Augusta, Ga, and has ordered ma
hinery for an annual capacity of
90 pounds. The cloth produced is I
Or cottonseed crushers, linseed-Oil
-ushers and soap manufacturers.
Continental Piston Ring Co., Mem
his, Tenn, was Incorporated with c
100000 capital to manufacture piston a
ngs. v
Odorless Paint Co., Wheeling, W. n
a., was Incorporated with 100000 v
lpital to manufacture paint. n
Kingsport Extract Corporation, /,
ingsport, Tenn, decided upon plans Il
" investing $4,000 to construct A
vo-story 25Oxl5O-fOot brick building d
nd install machinery for a daily ca 4
acity Of 40 barrels Of chestnut wood c,
nd oak bark extracts for tanning. i,
West Virginia Window Glass Co,
ennsboro, w. Va, was incorporated m
j h 100000 capital, and viii manu- Is
lcture window glass. e.
Clay County Graphite Co. Ashland. r
Ia, organized with $4,000 capital +,
develop an S0-acre graphite prop \
-ty, and win install equipment foT >,
! initial daily output Of 2 IL tons =
graphite.
Mississippi FIBER Co.. Meridian.
ISIS, was incorporated with s. 900 5
IOitai to-ihsnufacture hber. e. az il
=