The times. [volume] (Richmond, Va.) 1890-1903, 1900-05-18
COT ON MILLS
cry PROSP: FERGUS
Declare Extra Dividends in Addition
TO Regular One.
NEW M ILLS GOING UP.
And Additions Being Made to Old
one-Many Other New Indus
tries in the Southern
States.
Declare Extra Dividends In Addition
TO Regular One.
NEW MILLS GOING UP.

BALTIMORE, May Observation-Disclosures
months have been full Of developments in
the Southern cotton Inill fields. Typical
of the general NANTES stations are facts set
forth about the mills in Spartanburg
county, s. c., by Mr.. Jesse Cleveland, OF
Spartanburg, in letter to the Manufac-
turers' Record He writes:
The Clifton Mills and those of the D.
e. Converse Company of this county, have
just declared an extra two per cent divi-
dend, payable at once, and the usual . per
cent. for July and 5 per cent for January
next The Clifton Mills on a capital OF
$l,G0G,GG3 made something more than $780,
GoO- The Converse Company made $4,000
on $500, 900. The Laurens Cotton Mills
Melted s111,O0o on capital of s35o.co0 In
spactanburg county the cotton mills,
balrks and railroads pay more than 81 per
cent. OF the entire taxes
Among the textile announcements is the
completion of the plans for the Walton
Cotton Mills at Monroe Ca The company,
which has been incorporated with CAPT
tai stock of $1,000 and the privilege of
increasing it to $50, &C., has contracted for
$500 spindles, 100 looms and complementary
apparatus for the production of standard
sheetinSs, drills and duck The buildings
will accommodate 5000 spindles ultimately.
Inc Barnwell county, S. c., cotton mills
have 5,GtD spindles. 1t is proposed to en-
list for the erection of the plant local cap
ital entirely, especially from cotton plant
ers- Buildings have been secured a Front
Royal, Va, for $4,000 plant for the manu-
facture of tapestry and similar fabrics to
employ about 100 persons. Among the
other plans announced is an increase of
capital stock for the enlargement of the
plant of the Ashby Cotton Mills Of Marion.
S. c., which already has 2,G42 spindles and
lei looms; the erection of q knitting mill
40 by 80 feet for the production of hosiery
to employ negro labor entirely, at Scotland
Neck, n. c.; the subscription of $4,000,
and the appointment of committee to
secure a site. and purchase machinery for
cotton factory at Louisville, Ga; the
organization of the Century Cotton Mills
for South Boston, Va, for the operation
of which water power is to be developed;
the subscription of 100000 for the erection
of a cotton mill at Covington, Ca and
plans for the erection at Baton Rouge,
La, Of a mill for the manufacture of cot
ton rope, fish line and back-band webbing
DELIGHTFUL EXPERIENCE.
In connection with these announcements
letter in the Manufacturers Record from
Mr.. Theodore c. Search, president of the
National Associa ton of Manufacturers,
soANii'S Inc ISSuitS VI MS oDSCi tilioiiS OUI
ing a visit to Charlotte, is of interest.
Mr.. Search writes:
My visit to Charlotte-to attend the
meeting OF the Southern Cotton SDinners
Association was a delightful experience
It gave ME an opportunity to learn by
personal observation many things about
the cotton manufacturing interests of the
South and the Southern business situa
ton il, general which were new TO me- 1
gresSive tendencies of the cotton manu-
facturers in the South.
Northern people are inclined to ascribe.
to business men of the South a conseryat-
ism and a slownesS which, SO far my
observation goes, exists only in the imagi-
nation. In all that 1 saw the manufacture
ers CT the South are up-to-ddte in every
respect, in all ideas as well as in methods.
They seem to realize that they have
wonderful opportunity and they appear.
to be determined TO utilize their advan-
taSes TO the fullest possible extent.
Il visited quite a number Of mills and
was very favorably impressed With their.
construction and their equipment. They.
are built equipped and operated with due
regard for economy and to procure the
best results in operation. IS The
cotton manufacturing industry of the
South is in a very interesting condition.
1t is growing rapidly. Out- not 100 fao!ulS,
l think, if due regard shall be given to the
extension of the market for the product.
The industry is bound to grow enormously
and to progress, not only in quantity, but
in the quality of the OUTPUTS
.'The greatest, present opportunity of the
Southern cotton industry is in the develop
rnent of foreign trade. and if proper steps
be taken in this direction there should
never be any fear of over-producuon or
a surplus of unsold products. !"
NEW ENTERPRISES.
Other industrial enterprises announced
in the Manufacturers Record included:
Five hundred thousand dollar gold min
ing company. $50 600 handle factory in Ala
bama S2G0,C00 mining company, $4,000
telephone company In Arkansas; o,000
soap factory in Florida; $1,000 barrel head
ing factory, 5000 electrical company. $780,
0o0 mining company in Georgia; lC0-tons
lead and zinc furnace in Kentucky; $50
600 telephone company in Maryland; S10.-
COO trunk factory and Acton cotton-seed
oil mill in North Carolina: $4,000 water
power development company, $4,000 oil
mill company s1.Gtp steam laundry in
South C,arolina $4,000 woodworking fac
tory. $1,000 mining company. s25O,G0O iron
furnace in Tennessee; $4,000 oil mill.
SIS, coo oil mill. $1,000 ginning company. s1O-
COO. tobacco company. Sl5.G20 grain mill and
eleva tor company, $50 600 hacking company.
So. coo sugar manufacturing company.
$40 Oco cotton oil company in Texas; $780,
| cfo lumber company, $500, coo coal company,
! and 5000 candy company in West Vir-
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