The times. [volume] (Richmond, Va.) 1890-1903, 1900-01-27
COTTON | |. |. !
THE SOUTH [
The Great Prosperity I hat Ii { Follows in
Their Wake.
INCREASE IN VALUE OF LAND.


Gus and There is Brisk Demand
Ahead-Demand for Brown He
matitc Ore Exceeds Supply.
BALTIMORE, Jan. 26.-Special.-The
great increase during recent years in the:
number of cotton mills in the South is the
result primarily of the knowledge tnat
such undertakings pay handsomely for
the Investments in them. The move
1nent has been one OF constant accelera-
ton, into which other elements than mere
dividends for stockholders have en-
tered. Actual money received from the
operations Of mills has not been the on
sly incentive to prompt subscriptions to
the stock of new companies and lively
campaign of organization. One of the
most powerful impulses. perhaps, has
been the effects of cotton mills upon the
communities in which they have been es-
tablshed and upon the surrounding
country. Charlotte, n. c., is notaole
example for other towns OF the Soutn
adapted by location and by the spirit o.
their citizens to success as cotton nnahu-
facturers. Huntsville, Ala, with lts pro
gress during the past few months' 1oi-
lowing the location there OF the WEI
rimac project, is an example. three let
tiers in the, Manufacturers Record from
mill towns in the Piedmont region OF
the South present other striking dllustra-z
lions Of the benefits of cotton mills.
Mr.. Frank Hammond, of GreenVllle, >.
c.. points to the Piedmont Mills IN ms
county as typical of score or more
other mills in the State. The Plednone
Mills in quarter of century, nave
transformed poor hillside farms into
thriving town of 5000 inhabitants. while
,neighboring farm lands have risen in val
ue from $3.50 to $40 an acre me ou1io-
ing of mills at Greenvlle has been ac-
companied by the remodeli,s ot old rlsi
ness properties and the building .! Lew
ones. with a percept.ble aI.ince in the
price Of city and SUBURBAN property.
CREATION OF MILLS.
Mr.. L. Lanier, Of West Point. Ga,
points to Riverview, with l.J-D irkabi-
tants; Langdale, with 1,JG0 inhabitants,
Lanett, with LOO inhabitants; live toWrs
supplied with free schools a-li chIrch2s
fer citizens drawn ftor the surrounding
country as purely the c:satinn OF 'r''!s
which were built there, while the eoan-
try for miles AROUND is in prosperous
Nhe shipping place FOR the :hree mill
towns, has haen larSet:r widened.
The increase in the population of Rock
Hill, S.. c., is, according to Mr. John u.
Anderson, mainly due to the establish
1rent of six mills there, and at that
point, too, the value of real estate mas
appreciated wonderfully. These expert
ences are typical Of many Southern MIL
towns. The influx of population receiving
nd ~
chases OF cotton have strengthened the
retail business of the towns, have made
the local supply of money more stable,
and have given the nearby farmers a
permanent. steady. market for butter.
milk, poultry and vegetables, and have
thus encouraged the diversificat:on OF
farming operations, which, more
generally adapted, will do much to solve
the cotton problem of the South
Prosperity for merchants, cash mark
cts for farmers, steady employment for
n incubation brought at the same time
close to opportunities for improving
their conditions, and the advantages OF
local sales for cotton growers, nave
come from the building of mills. 1t IS
no wonder that cotton manufacturing is
following closely upon the heels OF the
centre of cotton growing.
BIRMINGHAM IRON TRADE.
The aggregate iron business during the
week in the Birmingham District showed
an increase, though there were no large
transactions. The iron masters believe
fiat there is a, brisk demand just ahead,
and they regret that it may find them
fully sold up for months ahead, in spite
of the fact that new furnaces are COM
ing into the field The reason for TINS is
that the product of these furnaces was
all placed for months ahead before their
fires were lighted. Export inquiry, too'
has materially increased. In the AIMS
ton District the activity IN mining Ia
nous brown hematite ores is increasing.
More than one thousand cars 81 week are
now being mined but the demand stu
exceeds the supply.
Among the new industries reported dur
ing the week ia the Manufacturers
Record were the following: $4,000 tele-
phone company in Alabama; 5000 medl-
cine factory in Arkansas; 3lo,GOO saw
mill in Florida; s2.Oo0,GCo gold mining
company; $4,000 cotton factory; s2uV.ooo
cotton mills, $1,000 ice factory and SD
eco knitting mill in Georgia; sJ0o00 rice
mill in Louisiana; 1OO-ton ice factory;
$4,000 drug company: $4,000 sulphuric
acid plant; $500, eco sand-minlng compa-
nv: $4,000 brick works in Maryland; Slo,-=
coo water works: S25,GG0 ice factory and
electric plant in mississippi: $4,000 cleo
trio light company, 4O-barrel nour hi.ii
and 5O-barrel flour mill in North caro-
lima. Sol COO manufacturing company, 20
barrel flour mill, 4o-barrel -four mill and
100000 cotton mill in South Carolina;
sc-barre flour mill and $4,000 milling
company in Tennessee; 100000 cotton mill,
$4,000 rice mill and 1G0-ton ice factory
in Texas: 5000 biscuit factory and sou
900 tobacco factory in Virginia: sl4,ooo
extract factory and $4,000 lumber COM
pany In West Virginia
(,,.,cl,od To q IuIn