The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-06-07
CONTINUED FROM FIRST PAGE.
blishment, ice factory, flour mill, and
WOODEN mill have already been Sc

cured
GRAHAM FURNACE CoMpANY.-
800 shares OF stock ut par, 500,
$50, 900. Total capital subscribed,
$235, 900; will be increased to $500, 000.
Furnace 1G by 10 feet. capacity 1875
tons per day, is being built and will
probably be in blast in September,
1890 The furnace will be supplied
with ore from the deposits in the inn
mediate vicinity of the Clinch Valley
division and from the New River
Cripple Creek mineral region. Being
within ten miles of the coal field, this
furnace will secure its cokea Il lower
price than any furnace heretofore
erected in Southwest Virginia, and
probably lower than any furnace Ia
the South. When the Clinch Valley
extension is completed to connection
with the Louisville & Nashville rail
road system, and the Ohio extension
is completed through to Ohio and the
| system of railways beyond, the
Graham furnace will be admirably
located for the shipment OF its pro-
duct to both the North and West.
! The construction Of this furnace is
being pushed very rapidly.
MAX MEADOWS LAND i IMPROVE
MINT CoMPANY.-750 shares OF stock
at par, 500, $4,000 Total capital,
$500 1000, practically oil subscribed.
Max Meadows is in Wythe county,
Virginia, upon the main line of the
Norfolk and Western railroad is one
OF the most beautiful locations for u
town in Southwestern Virginia, and
has an abundant water supply. Lots
will not be put upon the smarket be-
fore next summer or fall.
MAX MEADOWS IRON company.
80 shares OF stock at at par, 500,
SO eco. Total capital 100000, prac-
| tically all subscribed. Furnace, l1X7J
feet, with n capacity OF 1876 tons per
day. is being constructed, and will
probably be in blast early in 1891.
This furnace will draw its principal
supply of ore from large deposits of n
superior quality OF ore owned by the
company, distant about three miles.
This location is u central one for sup
plies OF coke and the various qualities
OF iron ore, and also for the shipment
OF manufactured iron to the Northern
and Northwestern rs well as the Eas-
tern markets.
NoRToN LAND AND IMPROVEMENT
CoMrANY.-2j shares of stock a. par,
800, $25, $50 Total capital $500, 200,
al. subscribed. This town site is at
the proposed junction of the Clinch
! Wiley Division of tie Norfolk and
Western railroad and the Louisville
and Nashville railroad, and will be
very valuable after these railroads
are completed, which is expected
before the close OF this year.
January tst investments have been
made as follows, for which money viii
be required through this year and
part Of 1881.
CRYSTAL SPRING LAND COMPANY.
200 shares of stock at par, 500, $50,
Geo Total capital 100000, all sub
scribed. This company has only
recently been organized. It's lands
are located near Roanoke and pro
mise TO be very valuable for town pur-
! poses The Virginia Development
| Company had an interest in the pro
| party sold 70 this company, and made
q clear profit OF about $50 Geo cur O..
| the s2le
! ROANOKE ROLITNG MIhLCod2aIY
/ Loan. secured by first mortgage bonds.
/ with the p,'iviisgs Gf exchanging fuJc
stock, $i3,Cc9. THIS company con-
/ ucneed oper. lens last year, IL ,lir-
( featuring bar iron, auG is dDitc .
very good Eg-iue--. Additional.
t money Was required for charging IL,
/ caparity, and your company mada q
loan for this purpose.
t1fa: Gsc;rRAL i.ASD Co:ttAN.' en-
BUCH A2,A>. 900 shsges O. stot X 81
SO, 50,G6a. Par #i0l, Issued rs fall
/ paid. Total capital, 81 10000. The
Town O.. Buchanan is located - mics
north of Roanoke, on the Shenan-
doaA Valley railroad, and on the main
tz5-.s.cja u the Chesapeake tpIiirt-i ,.'-';
railroad. The James river flows
/ through the town, which has beauti-
( fei low land on the river for nauufac-
f., turing purposes, and high sloDing
! land for residences, and the company
purchased 5000 arres CT this land NJ
an average price Of $50 eracre. Hay-
/ ing two main lines of railroad and II
large river, this point has always been
considered au exceptionally favorable
| one. Consequently, when the organ
f, izers Of the company opened books
| for subscriptions at so per snare,
II 600 were subscribed promptly IN
Richmond, Lynchburg, Roanoke and
/ Buchanan. and further subscriptions
we're refused rs it was thodght adyis-
| able TO reserve the remaining 4,oU0
shares to place with desirable parties
who would help the enterprise. IL
was only on this account that your
company was enabled to secure l,O0O
shares at the original price. Within
two days of the organization meeting
OF the company, a considerable
amount of the stock was sold at $50,
ard since then $f0 per share has been
offered for small lots. This company is
particularly furtunate, having secured
as It's manager, Mr. Jos. D.Weeks, the
editor of the American Manufactures
and Iron World, of Pittsburgh, one OF
the best iron and coal papers OF this
country. M.r Weeks great knowl-
edge of iron and steel manufacture,
his large acquaintance with leading
manufacturers. and his personal rep
utatioa, will be Of the greatest value
to this new enterprise.
LIE .hADtOhD ~ La I'M i-.e-NH
CoalpANY.--l50 shares ot the stock at
par, 500, $4,000. Total capital, $50,
coo. This company purchased 300 acres
ofland adjoining Radford, at $240 per
acre. There is Il great demand for lots,
ard it is believed that 4 large profit
can be made.
VIRGINIA REAL EsrATE INVEST
uENT AssOCIATION.-$10 900. Total
capital, 100000. The purpose Of this
association is to purchase town lots
and erect buildings, and Go general
business in real estate where it can
be done proftably. Its operations
will cover q class OF investments
which it is not intended that your
company should make directly, and
will very materially assist your com
pany in building up the new towns in
which it is interested.
- II p,<r.r. IraA