The times. [volume] (Richmond, Va.) 1890-1903, 1899-04-07

No"Pshy, OF Glover, =. T.. Will adu 1",V"
sp'ndles: the Cannon Manufacturing Com
pahy. concord, n. G.. 7ooo sptndles. the
Revolution Cotton Mills, Greensboro. y.
-, capital Sc.Co will build a mill Of
l2"o spindles; the La Grange MIL. La
Grange. Ga. will add 5000 spindles; r.
J.. Mebane. Greensboro. ~ c.. will build
a mill OF 1900 spindles; the Willingham
cotton Mills. Macon. Ga, 5.ooo spindles;
tho sterling Cotton Mills. Franklinton.
N e. VIII add $500 spindles: tn. Enn
cotton Mills. Hilsboro. 500 splndies: the
Louise Mills. Charlotte. 5000 sp!ndles:
the Highland Park Manufacturing Com
pany. Charlotte. will build 5.O0o-.pindle
mill at Rock Hill
"lhe aggregate number OF spindles TO
he put In new mills and In the enlarge
ment OF established mills. as definitely
announced since January LIST. including
Tor the Merrimac Manufacturing Com
pay VIII he nearly 10000 spindle<. rep
resen'ing an investment OF probably IS
00o,o0 to $4,000 90.
COTTON-OIL NILS.
In The utilization NJ cotton products
especially the building of oil-mllls-the
ACTIVITY has been almost as great as IN
inc construction ~ cotton mills Among
IN" cotton-oil mill conpanies definitely
organized and with contracts let for the
buildlng OF their plants are tho following:
~-ton cotton seed on-mfll AT Farmc~s-
VIE. Texas: $4,000 oil mill az Nj
IIessant. Texas: $4,000 oil mill al
Wayneshoro. Ga: so mo oil mill at
Hpney Grove. Texas: 4 30.ton cotton oil
mill at NacogdochAs. Texas. ,50O0o oil
mill at Cooper. Texas: s0-ton cotton
seed OIL mill M Fort Worth Texas: a 40
ton mill at Boston. Ga. a s0-ton mill al
Dillon. Ca; a l2o-ton mill at Selma Ala:
uo-ton mil AT MeNia. Texas. a t0.pn
mil an Aubrey Texas: n cotton mill 10
COST Slo.rw al AcwOrih. Ga: q sO-ton mill
AT stephensville. Texas: 80 O00 oil mill
o. forty Tons capacity at Dublin. On: a
"-ton mil at Fair Forest. s. G.. Cotton
Hlli az Pittsburgh. Texas: ? 5000 mills
~ Decatur Ala; n 30-ton mill 10 cost
Szo'om at Gaffney. &. G. The aggregate
cost or these mills already under contract
VIII be about 81 90 0c0
$4,000 cotton compress will he built
at Pine Blum. Ark. and a $4,000 cotton
compress az Sumter. s. G.
me consolidated Railway Company
OF Baltimore will spend over S00c0 I'm
charging its pOwer-hOuse The Georgia
anu Alabama railroad Is spending over
NLeD.VD In developing terminals and
docks. including a 10000 bridge a Savan-
nan. The Illinois Central will spend over
sV"'oDp in terminal improvements 1T
New Orleans. The Retsof Mining Com
pany. OF New York. Is adding 10000 to
us salt mining plant at Avery Island La
The Maryland Cement Company. of Bal
timore. will spend 100000 in doubling its
mill for making cement out OF furnace
Stag The Haywood Irrigafing and Mill
Ing Company. is spending 5000 for the
construction OF irrigation plant 20 sup
ply 1900 acres Of rice land. \ 10000
Ice factory and a 10000 brewery are
being built IN Baltimore and 800 con on
largement 10 another brewery Is being
made. At Newport News a company has
been organized to erect an abattoir at
cost Of $4,000 20 handle 3.oo0 head Of live
stock a day. Tho Galveston Wharf Com
Company will build a 1000 90 bushe' grain
elevator at cost Of about 100000 A
100000 gallon oil refinery is being built
at Waxahachie. Texas.
OTHER ENTERPRISES.
In West Virginia pulp mill 10 cost
81 5o0O IL to he built and in connection
with It some branch railroads 10 open up
timber lands
IAN important enterr.ise under or
ganization is a million dollar company
for building and operating a power canai
on the Tennessee river. a charter having
been secured from Congress. N.eHWp
company has been organized with a view
to the possible development Of water
power on the Yadkin river In North car
olina. But OF these prospective com
panles under organization the number Is
too great to be included in tho summary.
and this. moreover. is simply record
of some OF the companies fully and com
pletelv organized with the capital Tor
carving out their enterprises already So
cured: many others. large and small
could be named
"The two great lndustries-iron ana
cotton-of which we have briefly summa-
rized the more important enterprises an
nounced since January lst. and ior whlcn
ali Of the money has been provided. give
some indication Of the remarkable activ-
itv which is now being seen. The Man
ufacturers' Record believes that this j.
but the beginning There Is Of course.
Great danger that with the speculative
snirit which IS now abroad and when IS
osneciaIIv noticeable In the financial cen
tors and I'm decentralization Of consoH-
dations Of many enterprises there ~
como an rnwise and undesirable specuiA-
tive element I'm the Southern situation.
hu, tbere is room for a vast expansion
-. ,ho Industrial interests OF the South'
Gov tho bufding of many miles OF rall-
- the ouenine Of many coal mines ana
Tho ovtension Of all the various ousin'S7
,roroti,rs 81 this whole section on
sound conservative basis. WISDOM,
,,,arocore suggests the importance IN
~ n reriod Of rand expansion as we
- nov. entered unon Of great Nrudence
nn1 caut,on IN making investments ana
- axt-sne care I'm avoiding every thins
that tends 10 the boom spirit