The times. [volume] (Richmond, Va.) 1890-1903, 1899-02-15
sournEKN COTTON Mills.

Reports OF Southern cotton mill earn
ings which have recently been coming
in make a most satisfactory exhibit ana
90 TO show that the cotton Industry III
the South is in a most prosperous con-
dition. The Odell Manufacturing Com
many. Of Concord, \. c., has declared
semi-annual dividendt Of per cent. on
Its capital Of $780, 900. This company has
regularly paid an annual dividend OF
,er cent and has accumulated surplus
Of s2lSOOO. Tho Linden Manufacturing
Company. Of Davidson, y. c.. has declar-
ed semi.annual dividend OF per cent.
on its capital of $4,000. The Barnesvile
(Ga) Manufacturing Company has de-
clared an annual dividend of per cent.
on both its common and preferred STOCK
aggregating $4,000. The Salisbury y.
C.. Cotton Mills have declared a quarter
" dividend Of per cent. on their capt.
tai stock of $4,000. The Georgia Under
wear Company Of GAINESVILLE, has declar-
ed dividende Of per cent. on its capt.
tai and placed per cent Of its profits
to surplus account The Granitevilie
Manufacturing Company. OF Graniteville.
S. c.. has declared its usual semi-annual
dividend Of per cent. on its capital of
100000 The Statesville Cotton Mills. Of
statesville. \. c., have declared a,semi-
annual dividend of per cent. on their
capital Of 100000, besides paying for $4,000
worth of new machinery during the year.
The Cabarrus Cotton Mills. OF Concord,
y. c., have declared semi-annual divi-
dend Of per cent. on their capital stock
Of 500 OOO The Manchester Cotton Mills
Company. of Rock Hin. S. c.. have de-
clared "a semi-annual dividend Of 4 per
lcent. The Lynchburg Cotton Mills Com
ipany have declared their usual dividend
OF per cent. on both common and pre-
ferred stock. and will increase their capt.
tai. The Highland Park Manufacturing
Company, Of Charlotte. y. c., has de-
clared a semi-annual dividend OF per
cent. on both common and preferred
stock aggregating 100000. The Peoples
cotton Factory Of Montgomery, Ala,
made a profit for the year Of 100. %
per cent. Of its capital stock. The River
side Cotton Mills at Danville, Va. also
had a most prosperous year and declar-
ed the usual dividend. New mills are be-
ing constructed and old mills are being
enlarged and improved.
This. st seems TO us. is a wonderful
exhibit. Money Is now so abundant that
any first class per cent stock will sell
at par, and an industry that will pay
dividend OF s per cent, after laying aside
enough TO cover wear and tear on ma
chinery, is doing a magnificent business.
The south seems to have the situation
we'll I'm hand and this Is but the begin
ming Of greater things The time is com
ing when practically all the cotton pro-
duced in the South will be manufactured
right in the cotton fields into finest
fabrics. We have the raw material, we
have the climate, we have every advan-
tage except. as has so often been pointed
out. an abundance Of skilled labor. This
will be forthcoming in due season. The
South fully realizes this necessity and
textile schools are being established in
all the States We are learning every
year more and more about the manufac-
turing business, and the time is not dis
tant when the greatest cotton mills ex-
perts in the world Will be found in this
section Of the country.