Evening star., 1937-07-15
SOUTH ENJOYING
GREATEST BOOM
Past 18 Months Have Seen
New Era in Industry,
Special Survey Shows.
BY EDWARD C. STONE

BY EDWARD C. STONE.
The South is enjoying its greatest
era OF growth, more new industries
having been established in 1886 and
the first half of 1897 than in any other
similar period in its history. according
to the Blue Book of Southern Progress.
Just issued by the Manufacturers
Record Publishing Co., Baltimore.
Great economic changes are taking
place in the South, says the 1887
edition, the rapidity and magnitude
OF the industrial advance revealing an
amazing record of achievement, more
than $3.50 100000 having been invested
In constructing and improving indus
tries in the l8-month period prior to
July l, 1887.
Since 1880, and including the worst
years of the depression. in excess of
0O0.00O,oO0 have been invested in
enlarging and modernizing the in
dustrlal capacity of the Southern
States, the Manufacturers Record
says.
The total investment in new engi-
neering and building operations in the
South in 1886 reached a new high
mark of S939264,0OO, with privately
financed construction amounting to
more than s454O0O,ooo, with this ac-
tivity being maintained during the
first half of 1896, the review reveals.
Greater Diversification Noted.
Since the depression of 1929 there
activities, the report adds. King
Cotton as the chief dependence of
many Southern areas, has been forced
to acknowledge the power of the new
princes of petroleum, paper, chemicals
and other products and by-products
from the farms, forests and mines"
The Blue Book gives some most in
teresting figures on the value of the
manufactured output in the South,
now in excess of S9,50O,0O0 900 year.
The tables presenting the business
picture present many facts about the
District of Columbia. In 1885 there
were 400 manufacturing establish
,ments In the Capital with 1896
average wage earners receiving wages
totaling sl3,771,000 and using ma
terials, fuel and power costing S28,-
O88,0oO
The value of manuf ctured products
In Washington in 1900 was Sl6.426,OOO,
In 1910. s25,289,OOO; in 1888, s6l l,284,-
900, and in 1885. s73948,OOO The
State figures for Maryland and Vir-
ginia reveal a most sensational ad-
vance during this same period of IS
years.
Other Notable Advances.
The report also shows what housing
construction, has done to farm acre
age" in Washington. In 1900 and
1910 there were 5000 acres used in
field and truck crops. In 1886 there
were none reported. Crops raised in
Washington in 1900 were valued at
S669,000 and at s243,O00 in 1910, with
no value stated for 1896. Ice cream
production in Washington, however,
reached 2,526000 gallons in 1885.
Production of electricity has also
gone ahead rapidly in the Capital,
totaling 586,05O,0OO kilowatt hours in
1885 and 1871 900 hours in 1886
Even more interesting is the report on
motor registrations, which shows 1000
in this city in 1912 and 1919 regis
trations in 1886. Maryland had 378,-
462 and Virginia 4l7,463 in 1886. In
the period from 1900 to the end OF
1886 the Capitals bank clearings had
climbed from Sl31 100000 to ST $780,
$4,000, the Blue Book states.
New life insurance written in the
Capital in 1900 totaled $55,669,OOO, in
1910 had grown to sl12,410000, by
1884 had reached $780, 900, and
at the end of 1885 had scared to
s848, 1885, 900.
Telephone Checks Received.
Some 10000 holders of American
Telephone g. Telegraph stock received
the regular quarterly dividend of s225
a share in the mail today. President
Walter S. Clifford gave notice that the
Bell system earned $2.34 a share in
the second quarter. against 81 so year
ago. and 5000 per share in the II
months ending June 80, compared
with $7.41 in the like period a year
ago.
The company had net gain of
about $4,000 telephones during the
frst six months of this year. as COM
pared with S374,000 during the corre-
spending period in 1886.
The total number of toll and long
distance calls during the first six
months of the present year showed an
increase of about 8 per cent over the
corresponding period last year, the
president said
Conditioning Sales Climb.
Installed cost of equipment sold by
the members of the Conditioning
Manufacturers Association in the first
five months of 1887 exceeded the total
for all 1896, aggregating S50,13l, 800,
as compared to $49,942,30 last year,
William B. Henderson, executive vice
president, announced today at asso-
citation headquarters in the Southern
Building.
Every month reported this year has
broken all records of previous years,
Mr.. Henderson said. The total for
May, just compiled, was s8,82O,O59.
increase of 43.2 per cent over the same
ulOllIIl III 1890.
Heard in Financial District.
Andrew Saul, secretary of the B. F.
Saul Co., has been elected a member
of the Board of Trustees of the Home
Plate Glass Insurance Co. of the City
of Washington, it was announced to-
day.
One of the largest premiums to be
marked up by new bond offering was
made yesterday by the $3,50O,O00 Lii
quid Carbonic Corp. per cent con-
vertible debentures, which at one time
were quoted in the over -the-counter
market at 1882 bid. 1922 asked The
formal offering price was 1927.
A. Chester Flather, one Of the man
ayers of the Washington Office of G.
M. P. Murphy g. Co., New York Stock