Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1900-08-26
SOUTHERN RAILROADS.
The Last Fiscal Year Was One O
the Most PrOspeRs.
MUCH IMPROVEMENT.
The Cotton Manufacturing Industry 1
Making Much Headway-Many
New Mills WIZ Seon lie
RunnIng In the South.

Baltimore, Aug. 25.-The fiscal yeai
Of ls99.l900 was the most profitable In
the history Of southern transportation
companies. II deductions have been
made from statements that have
thus far made public are correct say,
the Manufacturers Record. Although
this assertion may seem very broad
one. it is justified by compilations Of the
earnings, etc. of representative southern
railway lines. For several years past
the railroads in the south rs well as In
other parts Of the country have been un
dergoing a process Of transformation
physically as well AS financially Som,
OF the companies have followed out
the policy Of considerably adding &c
their mileage; others have taken advan'
tage Of the ease Of the money market e
reduce the Interest on their Indebtedness,
while all Of the more prominent corpor
ations have been making extensive inn
proyements in the way Of new buildings
heavier rails and rolling stock and the
substitution of metal for woOdet
bridges.
The last few years have also been no
table for the number OF reorganization
which have been carried out, in which
several southern systems have played
prominent part. The reorganization
have been attended by the floating Of
large amounts Of new securities. and in
several instances the practical rebuild
ing Of the lines involved
This process Of transformation has nc
cupied period Of several years, and the
year ending June 30 last was really the
first IN which the earning capacity OF
the lines under the now condition,
could be fairly demonstrated, as prior e
this period the plans for reorganization
and general Improvement were still un
completed
The week in southern industry ha,
been rather notable for activity IN plan,
for textile development IL is announced
that definite arrangements have been
completed for the equipment Of IN,
Neuse River mills Of Raleigh. n. O.
The company controlling them was in
corp1nted last September 10 deyeloT
the water power at the falls Of Oh,
Neuse for manufacturing cotton goods
II Is now stated that the company /,
about to install 5000 spindles and la
looms in "a granite building for the pro
duction Of brown sheotings. the mill Il
BE- completed by Oct. !. aud the origina
investment 10 be 100000
II is also announced that the Ida Got
ton mills has been organized 10 build I
10000 spindle cotton factory and IA larg,
bleachery at jacksonville. Ala. Tn
company has purchased site Of 10
acres, including the Germania springs
which will furnish every ~ hours 5000.
OO0 gallons OF water which has beef
pronounced the finest quality Tor bleach
ing aud coloring The mill will produc
special lines OF bleached and colore'
yarns.
Two textile industries are 10 be- adde's
20 Chattanooga enterprises. One /
the Chickamauga Knitting mills with q
capital stock Of $4,000 to build an
equip Il plant 10 manufacture ribbe'
underwear with a capacity Of from s0
20 800 dozen garments daily. The othe
Is the Oconoc Knitting mills with VI
600 capital 10 make 300 dozen pairs O
hose daily.
The Rhodhiss Manufacturing compa
ny Of Lenoir. n. c.. is preparing TO dc
velop the wa.er power at Double Shoal
and 10 erect cotton mill Of 10000 spin
dies aud 300 looms.
The Blue Springs Mills Of OIforc
Ala, which les 2la6 spindles and
looms for the production Of converter
goods and yarns, will double its capa,
ity.
The Roxboro. n. c., cottonmills, on
Of the new plants Of the past year ha
has purchased the factory Of the Noe
Brothers Pants company, and will 81
large II 10 an equipment Of / so machine
installing as additional power either
steam engine. gasoline engine or ele
trical motor.
Bids have been asked for the erectio
OF the building required for the 5OC
spindles for the Hargrove oottonmil
Of Shr export, Ia.
Contract has been mate for the deve
10 opment Of two water powers near Hei
rietta, n. O.. to operate a 10000 spiEd
mill.
New cottonmills at Corsicnna, flask
IIillsboro, Denison and some other plac,
In Texas will be- In operation by oct. /
=, Huntington's Art Collection.
New York, Aug. 25.-The late q.
y Huntngton's art collection. II sold