MAGNIFICENT BUILDINGS BEING ERECTED IN ALL CITIES)
Many Great Projects
Now Under Way From
Baltimore to El Paso
Tin- retmd ut I. milium cJ clonruent
liv cities presents in unusiuilly m
iirenting comment on the growth unci
pingrt-k" o southern munii ipulitics ut
present time. Practically every
ci:.ter in pruvidiDK new end ampliT
.ciniupcItlon for it commercial
no Industrial life: nnd the number
nf home anil apartments iittests n
riii'iiily expanding population. A de
tailed account of opertions In prog
rrss In the principal cities fullcme .
Baltimore
Baltimore, while being one of l lie
few cities to show n decrease oner
Inst yeur, confidently expects to ex-
.d wcuril- by December
8L During Hie first half ot tiie year
it erected several large industrial
..I .. .W.onn n nnrriiLlil It III 1(1 itiDH
nf the highest type, til re 4?V-T?'Jl?'-La?,Luf "UTJUt'ir"
iW"KiiwWV wiiuiT nffir liiiilcliricniiilMiliitioii.liy I lie chamber of
theater una number ot other inie
ccllat.eoiis large structures. The val
ue of contract! begun or completed
during the period toltnlhd $21.91.1.000,
while project announced came l
S33.220.0O0. Among the latter ore
two office building. costing $2,300,.
00.J. two hotels and several oilier im
portant structures.
Washington
Washington has had one or the
greatest years in the hiKtory of the
national capi'al. Public buildings
have had a "hare In the new devel
opment, but it la significant that most
of the building has been of a private
The lintel President, a
mil!;' l half structure, wa be
gun, and during the latter half of the
Tear, rrotind will be broken for the
six-million-dollar Rit hotel, which Is
tall to be planned on a scale of piss
nificence never before approached.
The Rlegs Nstlo-t 1 lia ik ; J?"
' a new home at a cost of $.M"UKio. a
score of apartment valued around
a quarter of a million each are in proc
ess of construction. The national
academy of sciences i erecting a mil
" and a half home which will he
wnrthv to inks rani: with the city
show place. Churches, schools, miftfel
laneotta hiiKlne bulletin - and a
large number of dwelling make iip
the total. That the next an months
la te continue the" record-breaking
stride of the firt bnlf waa ahown
by the Jnlv permit, which set a
nrw recod for the year, amounting to j
$6,530,757. -
Richmoncl ia experiencing
Tinuitl activity, its rertmi mr nr
first ail month iTe almost a law
'.V. for the entire year In 1,021. Tl.e
.ani1lnir contracts, each rep
. ntillnn-rinllar Investment,
r ,.. offi building f the RIcW
mond Trust eompsiv and be departkJlcee, ultimately to cost another $800.-
ment store of Miller Rhode.
Jt. Include the George
Wythe. Jr.. high school and. the Rtnail
war theater, each : th- hrd-
. some new borne of The News-Leader.
$300,000; other school. large "tore,
a church and a club, each over $100..
000 Vnr. C-e balance of the 'ear.
a nntoher of 'arw n'Oic's will be
started. The beautiful eollee rrono
of the TJn'nn ThenVical eemlnnrv. to
cost a million, wilt r-"v" M
art bnlldlnir tj cost $225,000 a nnh
VK llhra-v JsaWOOO, tvn hink Slrncv
hire, a bcwpltnJ and other1 ;nblif
bulldln- are atrnoimced: ' jn""
state off! - strnefnre. $7.ri0.00O. is In
' the Immediate rntnr.
Norfolk
. Norfolk Is only a step behind Rich
mond. The twelve-story National
, Rank of lmioerca leads the list, coat
ing 400,000. The JhlrdXlirlatian
ohureh Is erecting a $175,000 place of
worship, several apartments yajued at
$100,000 or oyer were begun, addi
tional warehouse facilities, three new
schools, msny residences and tnlseel
i.. t,...inaa hnildlnffs are Includ-
the Ttermlta. The C, O,
freight station, to replace the recertt
1 burned atructure, will coat $1(H.
000. -The future prospecta are very
active.
s nl,kt,p Kewnnrfc News.
, Lynchburg is within $24.0(MI ot I s
total for last year. To ita f14.W'
of permits should Jbe added $108,000
covering - the ItiVermont grammar
school in the auburbs, which Is not
Included In the permits. A two-story
sddition to the Virginian hotel la be-
Ing made to care for increased travel.
In the near Injure, an office building
r 14 atitriea will lie erected. Lynch
burg ia handicapped a are number
of other southern ones Dy us re
stricted city limits. .It Is estimated
that during the past year. JM) homes
have been erected at a totnl cost of
KS30.000, at lesst half being outside
the limits. The manufacturing and
jobbing business of the city. Its chief
dependence, is in good shape at the
present time with good prospects,
Newport News has been seriously
affected by war deflatipn, especially
as the government made tremendous
building investment during the war
period which have since been aban
doned. The country's largest ship
yard ha recently been disorganised
due to the cancellation of the naval
program resulting from the disarma
ment conference terms. Industry along
other line is progressing favorably.
The only building of note diirlug the
first half of the year was the erec
tion of a Masonic temple ot a cost
of $iao.m".
West Virginia Cities.
Bluefielil. W. Va is to have a com
modious hotel to cost $800,000. The
city has also been struck with an epi
demic of bank building, no -less than
three of the city's financial institu
tion announcing structures to cost
over $100.fKK) within a few weeks of
each other. Charleston's activities
have been chiefly in the direction of
public buildings. Including a pnstof
fice, en addition to the courthouse nnd
jail and two schools. An office build
ing for the Kanawha Investment com
pany, valued at $450,000. is announe-
ed. as well as two theaters, one to
fWl finn
Wheeling'alist is headed by a BW,
000 addition to the famous old Mc
Lure house, well-known as the place
where Kllsworth Statler entered the
the hotel game as a bellhop. Stone
k Thomas are erecting a $100,000
depsrtmeot store. The Fort I lent
clubhouse, representing a $12".0O0 In
vestment, is to be huilt shortly.
North Csrolins Cities.
Creefisboro Is the outstanding Caro
lina city In building for the period,
due especially to the start of the Jef
ferson Standard T,ife Insnrsnce build
ing in June. This structure, which
f 17 stories and occupies sn entire
block, will cost $2,000,000. Hut the
cit would have a remarkable -showing
without this Item. There are In
course of erection dwellings to a to
tal value of O07.071. schools amount
ing to a million, tr.nnlclpal improve
ments calling for a million more, and
a number- of rnmmeriltni el ure
A svnngortie to cost a bnndred thou
sand Is In, Immediate prospect. Es
timates for the entire year are enn
ervntirelv placed at seven millions,
a new hieh record for Carolina con
struction. - N "
Charlotte's building for the first
si months. wbi almost enusled
JJ: total for the entire year nf 1021.
aaa la Itself almost approached by
illdlilllc"
- i unit tin my, sim
is In have an
uiipi'irnliel, d jeiir. A ceiitiul high i
si hool, oitiir putii r b! JiimiIh and col-;
lege buildings lufiilc a (joc.d port of j
lie nrm nun. A iroirxMoiidi iiiiihi
ing via begun at a cost of $22.ViU0,
and a tne'lunl clinic was announced.
The outstanding building development
in l'.l'SJ. boweier, is 1 be new I'li.'ir-
lotle hotel, which will cost. when
completed, l.i.i0O(Ml The Kfird de-;
parttiient store is to have a Kirucfure j
calling for more than a (pinrter of a-
million Invent ineiit.
: I lie July .criuii, wind.
Aiheville's figures al'o very nearly!
approach the toi.ih for the entire
p rev io us j ca r. A till " eTT'T Tittr II rfiT
does, not adequately represent Hie
biiihiliig nctivilies of this metropolis
-A
com-
niefcc for the first three mouths
shows a total construction cost of
ocr .IHKMXMI in the vicinity of the
city. The city itself is erecting near
ly a million dollars' worth of new
schools, fire stution and other public
Duiltmiga. the i.uiievicw pnrK tie
velopuient la costing ai.MMNtti. Jh
government's new hospital at Oleen,
six miles distant, represents a ciunr
ter of a million. The residential de
velopment and golf course of the
I'.illinore Forests estate Is demanding
three quarters of a million. I he mil
lion dollar paper plant of the Cham
pion Fiber company, at Canton, is
ii short tli'tance away. Uusiness
buildings of the moi-t modern type,
apartment houses anil acsldences ar
count for. almost a million more. A
tourist hotel, calling for a million
dollar Investment is now announced.
Wilmington Is now constructing
three new churches, a high school.
a hospital and a hotel. A new hotel
at W nghlsville Beach baa been com
plefed. A million dollar tourist hotel
In the city proper is to he started In
the early fall. Anntjier hotel is plan
nee for south Wilmington. The
Texas Oil company has in prospect
a quarter of a million oil distributing
station.
Winston-Salem's most Important
construction has been In connection
with schools, the tt. J. Reynolds ben
efactions, including a hospital and
auditorium, and a number of commer
cial houses,
nigh Point, the furniture eltv. has
mmnleted during, the six months its
finely appointed Hueraton hotel, cost
ing 700,000. nnd the million dnllnr
r urnitttre exhibition building. The
$800,000 office structure of the Com
mercial National bank ia under wnv,
the besinnirr nf the rrnnn nf hnlM.
flngs of the Methodist Protestant col-
000. was recorded, and a city hall
and a school, each to represent an out
lay of a quarter of a million. The
industries or the city are ranidly ex
panding and the demand for labor are
drawing new people Into the city at
a raiiirt rate. .
Raleigh' progra. reflect the re-
cent atote expansion nolicy. This
applie espeelnllv to the state col
lege, the school for the Wind, the ln
aan hospital and pit 'school. The
state STienturnl building is costing
U2.NW). A new three-fpnarler of a
million hotel I prrtleoterl for early
eontrtrtictloni An Odd Fellow build
ing enounced at $300,000 will soon be
under wnv, ,
finsfocln, situated In the county
having the largest nnmbee of textile
mill of any county In the country.
I faclne a-record breaking bnlldinif
period. The ninety-ninth cotton milt
i i recently rmnnncvd for the coun
ty. A seven-story nfiee structure for
the Third Trust comnsnv, the con
tesct e-illlng for ?7S.400. and a
.100.n00 hiuh school, are th largest
structure scheduled In a million and
a half proirram for the year.
South Carolina Cities.
Charleston, whose 1021 permits
totalled $1,308,204, and whose first
six months only mustered $781,432,
flnda itself faced with a most fuvor
nhle year's bnlnnce by reason of per
mits Issued In July to the value of
$1,101,000, The larger part of this
figure is luclmled in a single project,
the Francis Marion hotel, n 312-room
hnifclry of the most modern tvne,
whose contract calls, for 1 .000,000.
A $.'100,000 apartment building, sev
ernl school structures and dwellings
account for the balance.
Columbia, Crecnville nnd Spartan
burg are In the midst of a temporary
building slump. nlNinugh Greenville
is faced with exceptional hotel build
Ing. if present plans develop. The
two leading hotels, the Imperial and
the Otlnray, are both adding exten
sive Improvements ; while two other
companies announce plans for half-milllon-clollar
structure. The ex
ceptional school expnhsion program,
so mnrked all over the snulh. is aln
felt in these three cities, nnd in small
er communities of the state, as well,
tieorela Cities.
Atlanta, . while maintaining a
monthly record in excess of a mil
lion dtdlare for each of the first six
months, and pointing for a twenty
million total for the year, has not
had any very lart.e structure to swell
the totnl, but has had an unprecedent
ed amount of Lome building. The
$800,000 addition to the Federal Re
serve bunk, several apartments rang
ing trom $J(HJ,(KJl to $ZT)0,000. three
Importnnt warehouses for the Oath
cart Htornge company, the General
Klecfric company and the Winches
ter Repeating Arms company, the
Unas and llowoll office building, all
approximately a hundred thousand
dollars In value, make up the impor
tant Pin Id mg. tor the remainder of
the year, the annex to (h Hotel Ans
ley will cost $7.r)O,O00; the Capital
City market building. $37r,0"0; ihe
glass factory of the Cooledge mterst,
$rKIO,000. and the new plant nf the
"i" V. ' 'r.:"!"'i, '. V"''
" 1 U,H cuininnuinK project lor iiu
'i?t.'.r'cti' Thrl'erahlng Point
apartments, representing an invest
ment of $7.10,000 facing the war me
morial at the Junction of the-Peach-trees.
will be one of Ihe notnhtle
apartment structures in the city. Con
templated but not yi announced are
a Hhriue mosquo nnd Masonic temple,
each to cost a million: a tourist hotel,
$l..'i00,O0O; a roofing plant, $200.
000, and others. The municipal im
provements to Include schools, via
ducts. watervrorLs and paving will to
tnl $7.500,000 ; tome of this work be
ing now under war.
Macon, which serves the great
Georgia fruit belt, where Ihe peach
end melon crop this year 'has totaled
$7,500,000. is the direct benc'iciary
of this and the renewed textile activ
ity. Building figures for the entire
year will show nt least 60 per cent
increase over 1021, from present esti
mates. Real-estate activity is re
ported mora active than in years. In
dustrial payrolls increased 1.140 men
during the first six months of the
yesr. A four-bundred-thousand-dollar
addition to the courthouse was the
only msjor building operation an
nounced during 1'ie ticrind. Two hotel
additions are in immediate pi-oKpcct,
and the erection of n h.-iT mi'M-in-dol-!
mr auditorium i e..ii nnl-tied
Augusta, which in the past has beca
The New
Top, left: High school, Gastonia, N. C, Right: Public school, Shreveport, La. Below, left:
High school, Owensboro. Ky. Rigftt: High school, Farmville, N. C. Q Gadsden Sayre, architects
the victim of an unusual number of
hies and floods, is maintaining its
reputntion for gameneiui by replacing
its latest burned district with build
ings of the very highest type. The
$litJ,0IO Richmond hotel, situated on
the site of the burned bjock of last
year, will givs the? city a completely
apiointed commercial hotel. 'The fu
.itioii old Run Air resort is being re
built nt an investment of t00,lH)0.
The Richmond will have two hundred
rooms, while the Bon Air will huve
three buudred. The government ia
making a half million dollar addition
to Veteran's Hospital No. 02; the Y.
M. C. A. ia erecting a $330,000 struc
ture; 'The is'ationiil Kxchange Rank
is to have a $100,000 home, while the
United Cigar Stores company Is erect
ing a solid block of commercial struc
tures ut a similar cost. With such
a grogruin, it ia not atrange to find
the permits of the Urst seven months
exceeding the total for last year. 'The
total building lor 1S& 1 estimated at
$3,000,000.
Savannah has maintained an even
record for the period, running ita total
of permits for sit months over the
minion murk and wen advance ot a
similar period last year. No large
structure! were included in the totuls.
Building m the smuller centers of
the state Is at present quiet, awaiting
the recovery of the agricultural con
ditions from lost year's slump. Pros
pects tor tun are much brighter, and
trade in generul baa assumed a more
optimistic tone.
Florida Cities.
Jacksonville is another cilv to show
a gratifying gain over lust year, with
permits tanging near the three mil
lion mark, where no large structures
have been erected. A large number of
residences and small business struc
tures make the total. There is at
present a million dollar school sched
ule in process of fulfillment, and the
city commission la rapidly perfecting
plana for the extension of Dorr, termi.
nnl facilities. This lntter project calls
for a new thousand-foot pier, an ad-
oitionnl cotton warehouse, a transit
bed, 810 by 100 feet, and many other
Improvements, to total expenditure to
run in excess of $1,000,000, 4
Tampa S also IncrenBinir Its shin.
nlniv runltltiAH A ;.. .1 .1. , i.
iji', uui, iruc-tt-
age and aix-story freight and transfer
Shed are to be constructed at
of $000,000. During the first six
months, six large structures were com
pleted or begun: the Mass ti rot hers
store and citrus exchange, an eight
story, half million investment; the ten
story Htovall office building the nine
story addition to the Hillsborough
hotel ; a ne Unptist church building
costing $300,000; a hundred thousand
dollar theater, uud a Btore building
of similar value. 'The exchange Na
tional Hunk bus announced a band
some fireproof home of u quarter of a
million, and there is in the near future
another office structure of ten stor.es
to o erected ny A. U. LlewiS.
fit. Petersburg. rnnlciniF ivnmv.
fourth among southern cities in build
ing for the first six months, al
though having a population of only
15,000, is one of the "miracle pitien'"
of the country. Its claim of bavin
the largest building record per capita
for the last two years can probably
be substantiated. Being a resort
town, its chiefest intercut is in hotels.
and the building permits reflect this.
The elevcu-story I'heil hotel, begun
in 10J0 and deluved. Is ancin in nine.
ess of construction and will be com
pleted the first of next year. Lund's
hotel, steel and fireproof structure
to cost half a million i nnnntincecf
as is also Brown's hotel, to call for
a (pinrtw of a million. The Tiivlor
building, also announced, is a fire
proof construction office buililine A
large municipal improvements sched
ule is bcMtiR outlined to include an
ii, lui'imur iiuiiii. Aii.i.miu s munici
pal power plant. $;(H).000: water
works. $100,000: municipal railroad
buildings, $5.1.000: gas plant additions,
$50,000: drainage system, $300,000
Assessed valuation of property in the
rown use jumped trom .H.U0N.717 in
'.Ml n fiver S t .OOO.OCK in lO'l)
Miami, nllhouch slichtlv behind Its
program or lstvcnr. has completed
begun during The first six months t
or
e the lirst RIT mnlit)i the
toiiowinc nroiects: Tcn-stcirv Kirt
National Bank building. $.100,000:
Catholic church. $37.1.000: five-storv
Congress building, SIlO.tHXI: Cranadi
apartments. spsi.tHtO. Mirnmnrn ho
tel. 821f!.iOO: Merriam apartments.
$12,1,000; Martina apartments. $200.
000: the McAllister hotel annex,
$110,000. A fine steel constructed
Masonic building, to cost $300,000, h
being begun, while a building for tht
Biwnyne bank is in prosnect.
West Palm Beach is setting a new
high record this vesr. The excellence
of this famous report's present condi
tion Is witnessed by the estimated
building 'program of three million dot
lars for the year. Of structures un
der construction or announced, the
El Vernno hotel leads the lit. This
is Ihe highest type of resort hotel,
modern In cverr respecK The Itoval
Palm, a 100.000 hostelry, n new wing
to the fjke Court apartments hsving
a similar value, are completed. The
Palm Beach Guaranty company ha
under construction a J1S0.000 office
building. For construction during the
second half of the year, the Kettlcr
building, a combination thenter and of
fice building, valued at S313.000. is
announced, end the Citizens' Bank
building. costing $200,000. Tlu-es quae,
ters of a million is being emended in
civic nnd municinal improvements.
Orlando, the chief citv of the In
terior, will have s three million dollsr
vesr hv ros'on nf the huildinr of two
(mrnrtanf hotel "and srverol snhtas
tint' h,.ies Vmetiircs, The Antre
hilt r-n"!. rn -eW--tnrv structure
-iii 2-"t i-nnrn. will be opened 'lie
rir.t of- npce"iler. while the Ssn
.loan nrrt. eic'it rinri-n with 211
-rooms, will be completed, before to
Type of Southern Schools
COMPARATIVE BUILDING BY STATES BASED ON PRINCIPAL CITIES.
No Pop. of
?labami . .
Arkansas . , ,
Dis. of Col. . ,
Klorida . ., .
Georgia . . ,
Kentucky . ,
Louisiana . ,
Maryland . J .
Mississippi . .
Missouri . . ,
N. Carolina . ,
Oklahoma . . ,
S. Carolina .,
Tennessee.. .
Texas . .- . . .
Virginia
W. Virginia .
Cities. Clliei.
4 300,781
114,292
437,571
241,987
434,949
341,412
465,963
774,729
40,610
1,244,779
212,376
257,182
150,976
428,848
838,471
368,356
181,223
Total
846,83-.,505 215,531,426 150,967,703 42.7 31.51
end of the tourist season. Three busi
ness houses totalling over a million in
value include the ten-story Urlundo
Bank aud 'Trust building, and nine
story State Bank of Urlundo and the
Ange and fceacham building of simi
lar height. A five-story ottice struc
ture, a public library, and city gns
and electric plants not yet definitely
announced will account for $300,000
more. ,
The ancient town of St. Augustine
is now facing a large development
due to the operations of the "foun
tain of VoutU Hotel company" across
Ihe Mulunius river, at Mono. Beucb.
The total investment will be four
millions and will include a thousund
room .hotel and extensive facilities
(or land and water sports. The half
million dollar bridge connecting the
city and beach was begun during the
six months' period. The i'loridu
East Coast railway, which completed
an office building the first of the
year at a cost ot $175,000. will beln
a second very short! and $20O,0ou is
being expended in paving and sewer-
aKt
Key West, which completed the
Casa Marina hotel in the spriug, is
also constructing two schools at a
cost of $300,000 and la paving most
of is streets. Lakeland will shortly
begin a large tourist hotel to cost
$400,000, the Fountain inn, at Eimtis,
will call for the same investment, a
$200,000 hotel ia started at 'Tallahas
see, and throughout the smaller cen
teis ot the stute hotel construction
is in progress. .
Alabama titles.
Birmingham, under the stimulus of
a boom period in steel, is making
rapid progress. During the first six
months of the year 13 buildings in
volving expenditures of six aud u
quarter millions were completed or
placed well, under construction, ' in
cluding the postoffice, Masonic tem
ple and high school, all a minion or
over, several other schools, a business
building, a hotel anil three apartments.
During the same time, the following
projects were announced, practically
all of which are now under construc
tion : The McWane Cast Iron Pipe
company, tfiiO.otKl; the Tennessee
Coal, Iron and Railroad company, bar
mm at i-oiriieiit, sz.omooo. steel
foundry, $.100,000, furnace and village
improvements, 3,000,(HHJ; coke oven
extensions lor the Alabama Byprod
ucts corporation, $2.10,000, the Pixiti
department store. $300,000: a muni
cipal market, $150,000. nnd a munici
pal auditorium, $.100,000. The Le
high Portland Cement company, which
recently acquired acreage nearby, is
to erect a three million dollar plant,
and another cement company has ji
million dollar investment in pros
pect. Bessemer, which lies it. the red ore
district and contains the largest roll
ing mill in the south and the largest
pipe plant in the world, is anticipat
ing a remnrKnnie expansion, l'lnns
not yet announced call for an invest
ment of $.11,000,000. Schools are in
process of construction.
Montgomery, with a commendable
incrense this year, would make a much
better showing If the Inrra residential
development of the suburban districts
was included in its official permits.
The outstanding project now tinder
ivny is the state prison ; $7.10.000 is
heing spent tinon this nt th-- present
time nnd this will be increased to two
million within another twelve months.
The ' Fourth National bank huilriinc
nnd a modern Inundiv. both costing
$100100, have been started. An office
nnticpng and a new hotel, -each to cost
.i(Ki,insi, are projected.
Mobile's progress just now Is cen
tered upon the great port develop
ment program which is nronosed hv
the state, which will make this one of
the finest nnd most complete porta on
the coast.
Tuscaloosa, the university town,
has been making great strides recent
ly. Forty homes are heinir erected.
school and hospital improvements are
under way. the Christian "hurch is
erecting a school of religion, com
mercial Interests nre erecting "ade
quate qnarters. while the puhlie utili
ties company is bringing its equip
ment up In required standard. The
Merchants Bask and Trust mm pane
is neginning an office structure.
The B.ifitist college is expanding its
facilities.
Albany and Oecat'ir are showing
considerable building activity. Thc
Decatur Cornice and Hoofing com
pany, the Albany Silk mills and the
Alhanr Hosiery mill, a branch nf the
Iron Clad mills, are all plnnnm" r.ew
buildings and equipment within a
renr. The Albany High school, to
cost $200,000. was begun on the first
of September.
'j- Florence, while awaiting Hevelon-
rocnts relsfire to Muscle Shonls. is)
Irirmg ahead. About I40n.ntK) in
idenee construction baa been started!
Builillnir Penults 0 Mod (in F. C. Building
UKX i Km. Jncreste. P. Csults.
4,650,345 3,738,433 25 $15.46
3,581,421
2,296,296 62 31.33
9,811,033 172 60.97
26,679,658
12,758,334
11,453,944
12,111,207
8,500,602
20,187,123
843,777
23,211,481
10,500,622
12,772,743
2,561,073
13,914,441
31,437,456
13,862,438
6,504,761
12,662,384 .7 32.72
7.466.543 52 26.33
5.204.544 132 35.47
6,184,027 39 18.24
26,063,50(5 22 26.05
282,896 198' 20.77
13,537,401 71 18.69
4,844,431 116 49.39
10,422,254 22 49.66
2,731,592 6 16.96
7,844,029' 77 32.44
23,637,253 33 37.49
. 8,737,143 58 37.63
5,503,937 16 35.89
since January 1, and businesa im
provements totalling - $00,000.
Mississippi Cities.
Mississippi being almost entirely
sn agricultural state, with tfew Jurge
cities, presents few large projects,
and these are of a public nature.
Juckson has completed five hundred
homes in the past twenty months, has
issued bonds for schools, a city au
ditorium and sewer and water ex
tensions. A new hotel has been erect
ed and, twenty commercial structures.
A new building aud loan associa
tion is stimulating building in Meri
dian, and a school bond isnne for
$150,000 has been proposed. The East
Mississippi Charity hospital, $100,000,
and a government veterans' hospital
for the insane, $00,000, are promi
nent projects.
Laurel is constructing a high
school, $125,000; two bonk buildings,
)U,uou; a X. M. (J. A. building,
$120,000; a mixed feed mill. $110.-
000; and a $2.10,000 tourist hotel is
propose, une hundred Homes will be
erected before the close of the year.
Columbus figures are boosted bv
$4,10,000 invested in the Mississippi
College for Women, by one hundred
residences erected during the summer,
a $30,000 mule barn, a community
center built br the chamber i com
merce, and a new spoke factory. '
VickRburg's total ia boosted by a
$177,500 1". M. C. A. The Gulf port
apartment hotel club Is erecting a
$200,000 hotel and club house at East
Beach. A number of important pub
lic buildings costing between one and
two hundred thousand are being
erected in smaller cities.
, Tennessee Cities.
Memphis is experiencing the great
est building program, at includes both
large projects and a steady stream
of smaller permits. During the first
six months, the. municipal auditorium
and market, a million and a quarter
investment, vhis begun, as were the
Jewish hospital, the Almadura apart
ments, a modern structure costing
several thousand dollars, and several
other apartments nnd a school. Dur
ing the aame period, the following im
portant contracts were announced :
The Shrine building, ten stories, steel
and concrete, $1,0JM),000 : the Snowden
building, eighteen stories, $1,000,000;
the National City Bank building, eigh
teen stories. $1,01X1,000; the Tri
Statcs hotel. $1,000,000; the Methodist
hospital, $800,000 and an extensive
municipal water system improvement
to cost $2,000,000.
Nashville reports ten projects cost
ing around a quarter of a million
either completed or begun during the
first six months. These include the
Colored State Normal college, the H.
G. Hill warehouse, the Vonderbilt
University stadium, a negro Baptist
institution, a Penbody college dormi
tory, a V. M. 11. A. building, an addi
tion to the Lambeth building, a build
ing for Caldwell and company, the
Nashville branch of the Federal Re
serve bank and n river terminal. An
nouncements for the rciuniuder of the.,
year include the soldiers memorial at
Vanderbilt, $22.1.000: the Vanderbilt
medical department. $2.500.000 : the
National Life and Accident Insurance
building, $750,000; nnd the Tennessee
soldiers memoriul and cnpifol annex,
$1,200,000.
Knoxville's rapid growth is wit
nessed by the continued building boom
which has now been in process for sev
eral years. Knch month shows an
increase over the same month in 1021.
just as 1021 increased over 1920. The
most important building bns centered
around, apartments, two such struc
tures costing S2O0.000 having been be
gun. The remodeling of the Union Nn
tionnl Bank building accounted for
$100,000. There has been considera
ble church and residence construction,
it being the city's greatest problem to
provide dwellings for its napidly in
creasing population.
Tl.e largest project to be launcher
In Chattanooga is thev Soldiers' and
Sailors' Memorial Auditorium, a fine
large $7(H).0O0 structure which will
memorialize the heroes of the late war
and provide a place for bilge gather
ings. Four churches nre erecting
structures to cost $4150.000: three
schools. $.175,000: two clubs. S1XO,-
OOO; aiinrimeiits to the total of $2.10..
00(1 Industrial- development inelnde
the Fsmerville Iron Works. $275,000;
the Southern Cotton nnd Paper com.
pnnv. 2TiO.000 : Cletnom Bros. Furni
ture company. X32.1.000. The Dixie
Sninnini"mtfmyT recentlv oresnied
with $t.000.000 capital, is planning
tht immediate construction of a large
textile center, five miles from the city.
There will tie twelve tn fifteen mills,
each with IK.OOO spindles.
Johnson Citv. which lately has
slinwn a verr rapid growth and in
dustrial develnnment. Is providtse a
modern pntel building, costing $.00..
000 IA tike ears nf its visitn's. Cnn-
1 trncts nlrenriV well ailvnn'tl Inrtmlp
a modern apartment, a magnificent
residence for Thad A. Cox, coating in
excess of $100,000; a dormitory for
tin F.ast Tennessee State Normal
school, and a city high school. A
refrigeration and cold storage, plant
fo the Southern Refrigeration com
pany is announced, and the city pro
poses to erect two viaducts to elim
note grade crossings between the residence-and
business section of the
C'tT , Kentucky Cities. -
Uuisvillc, .by a magnificent build
ini spurt during the first six mouths
of the year, has exceeded the entire
year's record for llllll by two mil
i;,,. The total for the year will
probably more than double last year.
Four major operations, the twelve
story office building and warehouse
for the Belknap Hardware anu manic
fu,f nrinir cnmiisnV. UCW school build'
ings, a large apartment house and
the labor temple, represent a continu
ed investment ol nearly three millions.
Contracts awarded for building the
last half of the year call for an ad
dition to the Federal Reserve branch
hank, more school buildings, two resi
dence enstins in excess of a hundred
thousand each, and flub buildings for
tits Klkt, nnignts oi vuiuuiuua,
Kosair. teuipltv Masofliclodge and-thelia- many lines, -its mot significant
iVnmen's club. A new COO-room
hotel I projected and the lite secured
although the uctusl construction will
probably lie oeiayea unui next s prion
Lexington shows a steady con
ftirotinn schedule, evenlv distributed
A $250,000 theater tops the list of
large operations, followed by a junior
ImI, .i.hnnl S120.000. '
Henderson's industrial life has been
greatly stimulated by the erection cf
the new Jiuu.uuu pianr. or cne icvh
i,,cli fheinieal ami Carbon company,
The Green Iliver Jockey club has alio
invested half a million in a great race
track and racing plant, ine cicy
also lias a-half million dollar program
of paving and sewerage. The ia
tinnsl ihnnk will shortly make altera
tions to its present building to cost
S.10,000. The sivic clubs of the city
,r eri.in. Iiinds for a $300,000 hotel
and a river terminal to cost $15,000
is odvocated.
Twenty industrial plants are work
Ing full time and three com mines
have operated throughout the strike
period. .
Owenslmro reports a gratifying
amount of small buildings. A fine hieh
school, valued at $2.10.000. will be
erected beginning the first of Septem
ber. Winchester reports municipal
improvements active with over two
miles of pavement laid in 1922. aewer
extensions and enlargement of the wa
ter system.
St. Louis and Kansas City.
St Louis is nlmost 100 per cent in
advance of its 1921 building schedule.
One ot the most Important items on
ihe list is the spacious apartment at
Union Boulevard and Forest Park, a
$1,500,000 structure. The Imperinl
Trust company is erecting a home
valued at three-quarters of a million.
The Garden Court apartments, $450,
000; two university buildings, $300,
000; three churches. $450,000. and
several large warehouses are on the
list.
Kansas City, ranking fourth on the
list of southern cities, just under St.
Louis, makes up ita totul from com
paratively small amounts. The Belle
rive hotel, $050,000, top the list,. fol
lowed by the Kansas City Ice Storage
aud Warehouse company, $.172,000;
an apnrtuient hotel, $300,000; two
churches. $425,000; a stock pavilion.
$300,000; s number of apartments
and other structures. General condi
tions in the trade area are materially
improved.
St. Joe's official figures have 'been
deprived of an $800,000 hospital,
erected) beyond the limits. Buildings
ranting- between $100,000 and $150..
000 include Lee Broom's hotel, a hos
pital, an auditorium, church, apart
ment and industrial plant. Anotner
apartment hotel is announced. The
city bus definitely announced the be
ginning of an elaborate municipal pro
gram at an early date to cost $1,830,-
000, including new sewers, a city bull
and city hospital,
Springfield's totals have been awell
ed by school and church buildings in
excess of $100,000. Columbia is
erecting $400,000 worth of buildings
nt the university nnd $2i,uuu moro
at Stephens college. Residence build
ing is very active.
Arkansas Cities.
Little Rock has almost doubled last
year's record. A large warehouse,
hospital additions, a manufacturing
plant ajid many residences have help
ed out the figures. Pine Bluff's
showing is accounted for by two large
churches, a school and small- commer
cial and residential buildings.
Fort Smith has just dedicated a
concrete bridge over the Arkansas
river costing $1,100,000; a Methodist
church, $200,000; a hospital, $150.
000, and schools, $150,000, make up
the large items for the first six
months. A $150,000 apartment and
half a million of street paving are an
nounced. Contemplated building
amounting to two millions will in
clude an office building and three
wholesale warehouses.
New Orleans.
Included in the excellent showing
made by New Orleans during the
period is n million dollars invested in
school and college buildings, $700,000
in churches, a similar amount in a
federal reserve bank branch, and two
steel and concrete commercial struc
tures. An ambitions future program,
said to approximate $11,830,500, calls
for a large number of public and pri
vate enterpises. tiie most interesting
of which are a new stone cathedral, a
city auditorium, a fourteen-story ho
tel, on eighteen-story steel frame
office building, three hospitals, a the
ater, a new market, two office build
ings exceeding twelve stories, several
more schools, apartments and resi
dences. The commercial life of the
city is said to be in excellent shape,
this fact being attested by the com
manding lead which New Orleans has
over other southern cities In debits to
individual accounts.
Other Louisiana Cities.
Shreveport. ranking eighteen on
the present list j)f southern cities.
has brought its totnl high by reason of
a number of beautiful public and semi-
public buildings. The new municipal
building is unusually handsome, th
library is costing $200,000; the Shrine
Hospital for Crippled Children- will
cost $100,000: two fire stations, two
schools; the Giddens-Lane building, a
$100,000 hotel: a theater and many
nparjments and residences are tinder
construction. A mammoth oil re
finery, financed by local capital, and
the largest glass plant in the world
are nearing completion. Contemplated
structures include a million dollar
anion- stntion. a three-quarters of a
million Elks club and additions to
hospitals.
Baton Rouge's .10 per cent gain Is
accounted for in $172,039 of residence
construction. $215,000 In public build
ings, and $200,553 in commercial
structures. Monroe, In addition to
exceeding Its entire 1021 total the
first six months is looking forward to
two Immense Industrial developments
to represent SR.000.000 in Investment,
the Owens Bottle company and the
Sonfhern Pulp and Paper company
Paving and sewer work will arronnt
for 4-10.000. Alexandria is spending
$300,000 in a fire station, gas mains.
paving nnd sewerage.
Tulsa and Oklahoma City.
Although official figures for the
first si months only shows Tulsa
having M.571.070 of building, local
authorities declare thnt the total for
the rear will approximate S20.0O0.0OO.
Tosuhstntiafe: the statement a .list of
buildings is r.aiuej as being in course
Governors of Federal, Reserve
Banks Tell ot Better Conditions
Governor! of the Federal Reserve
banks doing business in the southern
district all bear witness -to the in
creasing confidence In bpsiness' circles
during the present year, and the up
ward tendency of bank deposits and
increasing' reserves. - They have kindly
furnished the G. L. Miller seini-an-npal
survey with the following state
ments: will be carried much further."
BY M. B. WELLBORN,
Governor Federal Reserve Bank of
Atlanta.
The outstanding feature of the finan
cial aud commercial world lying with
in the sixth federal reserve district
.during the aiz months' period ending
June 30, ia the general feeling cf re
stored confidence which has been felt
with increasing strength during this
time.
Th iff confidence Tia Been expressed
expression being the gradual .rallying
oi me loiai volume oi aeons to indi
vidual accounts one of the most re
liable indexes to renewed business ac
tivity. May and June revealed in
creases over corresponding months of
the previous year, this being the firat
time in many months that such a4
condition has existed. i
Of particular-significance Is ihe
fact that loans to member banks on
the books of the Sixth Federal Re
serve Dank at the present time have
decreased approximately 331 per cent
over the same date last year, which
shows that our member banks have
reached the point where they can
finance their own paper to a large
extent, and reflects the vastly im
proved conditions throughout this sec-
UOII.
Loans outstanding on our hnnk-s s
of August 23, 1922, totaled $30,773,-
011,01, as againsc a total ot fHH,
549,500.17 for the same day in 1921.
In the six months' period of this sur
vey, the ratio of cash reserves to com
bined deposit and federal reserve note
liabilities in this bank has jumped
from 43.3 per cent on January 1 to
83.9 per cent on July 1. When it is
stated that the reserve ratio required
by law is only 40 per cent, the strong
condition of our financial situation
is made apparent.
Still another indication of the prog
ress now being made by this district
can be fonnd in a statement of de
posits of member banks. In compar
ing deposit figurei for a six months'
period, southern banka are at a de
cided disadvantage because ot the fact
'' - . January 1 finds deposits at their
peak, while July 1 finds them ap
proaching the bottom.- Yet, in spite
of this fact, . the aggregate deposits
of our member banks during this in
terval have advanced aprpoximately
7 per rent. It is reasonable to sup
pose that a corresponding increase
has been registered by ; non-member
banks. ; .
New banka entering our member
ship during this period have number
ed twenty, but these have been small
institutions and their combined de
posits have not added materially to" the
increases shown in the following table,
which shows the aggregate deposits
in thousands of dollars of member
b.nks, by states In this district:
July 1. 1922 Jan. T. 1922
Alabama ... . J131.007 $129,900
Florida 124,107 '308.910
Georgia ........189,115 17R041
Louisiana .i... 3P4.30ft 391,1542 j
Mississippi...; aO.H4- 29.311
Tennessee .......130,006 120,933
Totnl .......$801,238 $759,243
It is my opinion, that the present
trend will be maintained for a num
ber of months to come, under existing
conditions, and that the showing made
on January 1. 1923 along all lines
w"l show ar considerable increase
over January 1, 1922.
(Signed.) M. B. WELLBORN-.
Governor, Federal Reserve bank, of
Atlanta.
BY D. C. BIGGS,
Governor Federal Reserve Bank of
St. Louis.
"Distinct progress in the general
business and financial position of the
eighth federal reserve district marked
the first six months of 192a The year
opened with a feeling of greater con
fidence among the business communi
ty in values and the future of trade,
of erection or to be begun within the
next few months, to total $13,231,000.
This list includes the Mayo hotel,
twenty stories, $2,000,000; the Cros
bie building, fifteen stories, $1,500,
000; (he Exchange National bank,
thirteen stores, $1,350,000; Ketchum
hotel, sixteen stories, $1;300.000 ; high
school addition, $850,000 ; Shrine tem
ple, $800,000; Atlas Life building,
$750,000 ; -Thomas Hughes building,
$500,000: National Bank of Com
merce, $500,000; Wright building ad
dition. $400,000; Day building, $400,
000; First Methodist church, $400,
000; Hunt store, $350,000; Masonic
temple, $3,10,000: Gillette building.
$350,000; Trinity church, $300,000:
cbouiber of commerce. $200,000. and
several other business buildings, apart
ments ana cuurcaes.
Oklahoma City was only $150,000
behind its great rival for the first six
months and ranked thirteenth ia the
south. The federal reserve bank
branch, costing half a million, was one
of the outstanding permits, others be
ing the Oklahoma City college. $210.-
000; hospitals. $200,000 , and several
apartments.
In Muskogee, the Soldiers' Memarisl
hospital, built by the state at a cost
of $500,000, ia nearing completion ;
additions have been made to the Okla
homa I'roducing .and ' Refining com
pany's plant, the Traders' Comoreesi
company and the Melton hotel, while
the city is building ji municipal hos
pital. A central power olnnt for tho
Oklahoma Gas and Electric company,
costing $2,000,000. is to be started
shortly. The city will spend $.10,000
in paving during the balance of the
year. .-
At Chickasha. In addition to a coo
building program, the city has con
structed Shsnnon Springs park, has
laid five miles of sidewalk, laid sewer
and water mains snd completed a tour
ist camp. McAlester reports munici
pal improvements to cost $200,000;
$.10,000 ot scuool improvements;
$32.1.000 jn residences: churches.
$1.10.000: a half million-dollsr Ma
sonic temple and a $5.1.000 college
dormitory. A. $2,000,000 building
program ia said to be under way nt
Sapulpa, including residences to cost
$000,000; bank and office buildings,
churches, schools - and commercial
structures.
Dallas.
Dallas, ranking fifth nmon. south
ern cities, a safe million above ber
eastern rival, Atlanta, and ha over
ten million in sight for the near fu
ture. Buildings begun or completed
this year include the Magnolia build
ing, a twenty-nine story skyscraper,
$3,.100,000 : the ninet'een-storv Medical
Arts building. $1,000,000; the twelve,
story Dallas Athletic cluh. $800,000:
he Hope theater. $000,000; the
Shrine Hospital for Crippled Chil
dren. $125,000: the RavW hmnlot
$500,000. and several other large pro-
teres. Annnuneen are the anllien-dol.
lar First Methodist church, the two
million power plant nf the Dallas
Power snd Light company; the Stone,
leigh Court apartments, rontsinine-
.120 moms. $1,000,000; the first unit
and. this has been reflected ia stf"
improvement in the volume i .1 1
j,., in, u.uiKjwiicm continued
ill the direction of caution unj co!
servation, merchants and the nubli.
were filing their requirements whei
prices squared with their ideas I
value, 'The most potent single infli
tnce working for the general better,
ment 'was tha crop outlook, and thi
early promise has been fully verifiS
in yields of tie principal products ol
the district. This general region eU
pends largely upon the success ,.1 ..
culture for its prosperity, and thi,' ?.
xi-ar. win in among ine most micccm. 1
ful in that respect in Its history.
"Throughout the first half nf pj,
year money wa plentiful and obtain- i
'able at advantageous rates as cot I
tras ted with the- preceding severil f
years. Liquidatien-of -inrcnrtert ij. t
debtednesa was l pit a.aaii.ss.tv4MT-L
sea M, -and the end ot the first hilt
Df 1021 found the banking el to i I
more nearly normal than at any tjj
since ihe war. Commercial fuilut
decreased radically, the totnl numtsy
w iuq uimrirt iu func DClllir 12S
with $LC25,233 indebtedness, agjuj
177 in January, with liabilitie, j
$4,013,052. .Spending in the district
as indicated by deoits 10 Individual
nccounts, makes an extremelv satit.
factory comparative showing. For tt
ample. In the week ending Deeem.
ber 28. 1921. the total debits in th
five largest centers of this district
were $153,000,000. while In the wk
ended June 28. 1922, the debits u
taled $102,000,000.
"As in the case of other district!
the volume of our commercial loam
has declined, but this may be aserib.
ed to ths smaller cost of doing bimi.
ness and other natural causes. T
posits of the reporting member banks
which may be taken as indicative ol
all bonks of the district-, i n proa on J
8.8 per cent between December 28,
1921. and June 28. 1925 n.tv...
Jane 1, 1921. and June 28, 1922, si
increase of 8.3 per cent was shown.
The rath of cash reserves to de
posit and federal reserve note linhii;.
ties of the Federal Reserve Bank oft
St, Louis on July 1, 1922, was 67.31
per cent, as compared to 67.7 per cejs
on June 1, 1922, and 66.4 per ctl
on January 1, 1922. V
A slowing down in business In the
immediate past has resulted from ths
coal and railroad strikes, but with
the settlement of these difficulties
tfcere is every Indication that the ira
TintyAtvAiT nnlsJ 1 : i . .1
t-svtsiiiviii nuicu earner in me yppjtal
BY B. A. M'KINNEY. - I
uovernor reaersi Keserve Bank ol
' . f
uailas. '
The Eleventh federal Reserve dis.
trier, which was probably hit harder
by the general denresainn in IOoa nj
1921 than any other district in th.
country, is now facing a decide!;
brighter outlook, and although recov
ery here has up to this time mads
somewhat Blow progress, present pros
pects indicate that this district will
enjoy one of the most successful
years since 1919, and returns from
1922 farm products shuold restore
practically normal businesa conditions
nere during tne coming fall and win
ter. '-
"Deposits of memhee hanks fnim...
ed from $605,190,000 on December
81, 1921, to $098,729,000 on June 80,
1922, or a gain of $33,539,000. Tail
Increase in!' especially significant be
cause is occurred durlnz tha
of "the year- when- there is usually
- vu'i wwju. iu viuA iieuosics. ia
fact. dtirinff ths CnrrMIIVinin. mi
montha in 1921, there was a decrease
in denosits of SlOO.OttO OOO
One of the .most reassuring evi
dences of the progress being made to
words normal conditions in the south
west is the statistics of commercial
failures, which show a steadily de
creasing business mortality rate during
the past seven months. The aggre
gate liabilities of firms -which sus
pended in July was 65 per cent less
than the monthly average for the first
six months of the year.
"Banks generally are In strong con-
union, ana are reaay ana willing ti
nnunce any legitimate expansio
industry and commerce which may
via rrnnf ll- " .
warrant it.
of the Methodist hospital, $500,000,
and the following are. projected:
churches to total two and a half mil
lions, an auditorium, $1,500,000; tw?
federal buildings, $2,500,000,, and'
$000,000 in schools. - . .f
Houston. 'ij
Houston, the ninth ranking city,
has hud a big boom in home construe-
tion. Several office buildings, hot-
pltals and commercial houses hav
ranged from $50,000 to $200,000 eactl
of a large building. The city contei-
nce iiiHiiiute pians ine eariy erecii"
plates expending $3,000,000 in pay
ing, sewerage and other improvement!
soon. A million and a half dollars u
being invested in - terminal facilities
on the ship canal. Further naviga
tion'iniprovenients and the erection of
a grain elevator are planned from
four million-dollar bond issue.
.Other Texas Cities. ;
San Antonio anticipates a banner
building year. Churches and schooii
have had a prominent place on its list
so far. and a building for the gtaocl-
ard Sanitoary Manufacturing com
pany, in El Taso's total are $2.10.
000 for a Scottish Rite cathedral,
$150,000 for the State National bank
and a new school to cost $122,000. S't
schools, totaling $600,000, are included
in the estimate of $3,000,000 for ths
oaianre or the vesr. Austin is re-
Ported as growing faster than at asL
time in its history. A girls' doroif
tory at the university is being corn
Dieted St a cnat nf 000
Paria is compuleting a Methodist
church tt i v, of xWOSiKV): it wi"
8hortlf begin the erection of a $1'?
000 federal building; a reservoir stw
water system costing a million is be
ing installed. A large business block
and a modern apartment are included
in recent permits. At Port Arthur
the Gulf Refining company Is coo
pleting a $780,000 office building:
$120,000 department store was started
and another one was announced.
Masonic temple to cost $125,000 ii
prospect, as are a canning factory sod
wharf for the Gulf Refining compsaJ
The Kansas City Southern is pl"
ning cither to erect a new grain
vator or else add materially W ,M
present structure. Civic improve
ments Include the $2,000,000 for ros
$1.00.000 for streets and sewers sad
$7.10.000 for school. ,
Texarkana's permits incude a
piiH,iAa - .V. .. I. SfMnl tear
pie and an Elks' building. A $lO0.0i f
tiieater is In prospect snd pnn
station to cost $050.000 : $30O.O 1
being spent in paving. Vf
Amarillo is tmsbina an active ni"-
nicipal schedule. An auditorw?
costing $VO0.00O Is being erect
$27.1.000. in bonds' bsve been kW f
paving, sewer and fire nrotectios;
n h.t.i -.-.! hcvi Is b""1
erected. Bnildings nnder constnK ,
st Abilene Included four lrS
schools, 449.000: two college t'0
in?. $2.10.000: ehnrch. $100.sio: r
Pital. $150,000: hotel. SO.O00:
mereial structures. $14.1.000:
in-.. $50,000. and a clubhouse,
000.