The times. [volume] (Richmond, Va.) 1890-1903, 1899-03-17
In Virginia and North Carolina In
usual Activity Shown
ON TENNESSEE BOUNDARY LINE
Radford and Bristol Show Signs OF
Progrcss-Activity in Southern
Railway DcvcIopmcnt-lmpro'e-
ment in Cotton and Wool,

for the future dcllNcfy OF yarns OF b"p"H
should abandon an idea OF a crop OF H.
10000 or 10000 bales. Writing under
dale Of March l4th 20 the Manufacturers
Record, Colonel Alfred b. Shcpperson, OF
New York. says.
"The visible supply OF cotton OF all
kinds is only about 10000 bales more than
a year ago. while Il is 10000 bales less
than at corresponding date in 1873.
NV friend Mr. Thomas Ellison. OF Liver
pool. cablod yesterday that the European
spinnors held 2So 000 bales more Of cotton
al the "a OF February than at same timo
last wear. and ne estimated their con-
sumption IN February as 1000 bales per
xxeek moro than In February. 1s9S. This
Increase In European consumption IS at
The rate OF 3s4 .O)o bales per year. There
has been no check In the activity Of our
own mills North and South they arc
running full time Wages have been re-
stored. Goods are steady at higher
prices and holders are firm. Instead OF a
congestion Of goods awaiting buyers. as
was the case last year, there Is now
veritable congestion Of orders waiting Tor
goods 20 nn them. The cotton-goods
trade Of the country has not been In 50
good condition for years ana there
are no indications Of an early abate-
nent OF activity The mills Of Europe
are NUMrulllNIN AA'tN NHAN"'tt Ntt'ttt
before. The tendency is now 20 reduce
former estimates ~ the Egyptian crop,
and estimates Of our own crop are being
generally reduced Compared with few
months ago. we end among the best IN
formed men "a contraction Of their esti-
mates Of the expected supply Of cotton
from the worlds crops coincidont with
an expansion of their former views OF
the worlds consumption. This has led
pound from the extreme depression. and
the advance has halted it because while
cotton Is admitted TO be cheap enough
compared with goods. II don't seem very
cheap 20 people who have recently see.
" a cent pound lower. Then. too. the
hope Of an enormous crop has not yci
been entirely abandoned by some people
whose interests will be promoted by
lower prices Of cotton"
IN NORTH CAROLINA.
The far-reachng influence Of cotton
upon the country Is shown by the indus
trial awakening in North Carolina. The
Legislature just adjourned has author
lied a number Of towns 10 issue bonds
for municipal Improvement. and II is est!-
mated that I'M one city alone-Wiming-
ton-there will be under construction by
private enterprise within thirty days
buildings TO the value Of between S93.w0
and SiO0 COO Charters have been granted
to twenty-three banks. sixteen railroad
companies and eight insurance companlcs
and the correspondent Of the Manufac-
tuners Record at Charlotte says that
nearly all the new banks are the result
OF the demand for banking facilities ere
ated by the cotton mills He adds
IAN previous records will be broken IN
the establishment OF local banks. the
formation Of insurance companies. the
development Of water powers, the install
ing OF electric-pOwer plants and the
building OF railroads and textile milling
plants All this extraordinary Industrial
pace was set by the cotton mills. They
lead. and there is nothing for the huan-
cial and commercial interests TO do but
follow. The result Is an industrial race
that viii be attracting the attention Of
the whole country 10 this State before
the year is out"
Conditions m North Carolina are dupli-
Gated I'm other Southern States Side Boy
side with the preparations for putting
into blast the iron furnaces formerly
owned by the North Carolina Iron and
steel Company but now transferred 10
northern capitalists. arc the plans for
IeViVing the operations Of the Vanderbilt
furnace In Alabama. ana OF again taking
up work at the Star and Crescent and
the Tassie Belle furnaces in Texas and
OF operating by a private corporation
tho state foundry az Rusk with Ignite
as fuel.
~ VIRGINIA.
In Virginia Radford ami Bristol on
tho Tennessee boundary show signs Of
progress and at Richmond 20 company
will so improve Mayo's Island in the
James river as TO make available for
business purposes ] c0' mn square feet of
.Hr o. u,l q. r.f .t-fn 90
fronting upon water from seven To nine
feet deep
The promoters Of the new cotton mill
an Bonnettsv'lic = o.. expect 10 provide
soon for accommodations for 10000 spin
dies
Work on the new mill at Aragon, Ca.
s. progressing. and the storehouse. com
missary building and cottages are tn
course Of erection. and 81 is expected that
the mill will be in operation before the
winter.
with capitalists seeking 20 invest in
mills. with wide-awake citizens Of towns
looking for capital, and with shipments
o. manufactured cotton billed direct from
a North Carolina town 20 Alden. Arabia.
one "a able 20 understand the growing
Importance OF the textile industry In the
South.
The activity in Southern railway de-
Nelopment Il indicated by number OF
new companies chartered or al work on
new lines Construction mas commenced
on the Gulf. louisiana and Northern road
IN the State named. which is 10 be 20
miles IN length. and will represent an in
vestment Of over s. 10000. principally %
Philadelphia capital a road u miles
long is being built by South Carolina
capital 20 develop summer resort on
the seacOast in that State. as well as
extensive timber lands. lire 20 be 20
miles long will be a feeder OF the Chloe
Jaw and Memphis railway. building IN
Arkansas. and will assist I'm developing
the mineral resources OF that State. Ia
IS not denied that the English syndicate
owning the Atlantic and Danyille rail-
way Is interested IN new line chartered
in North Carolina. which Will extend
through the copper deposits and cotton
manufacturing section OF that state
distance Of 10 miles A contract has been
let for an important electric road con-
Meeting Norfolk with what is 20 be a
new seaport on Hampton Roads. when
viii include docks. warehouses ana
largo hotel.
NEW INDUSTRIES.
A lengthy list Of new industrial an
rouncernents Is given Tor ~" week in 'he
several department. OF the Manufactures
Record OF baltimore. Tho most important
OF these may be briefly referred 10 as
follows:
Fifty thousand dollar electric plant ad-
= A al