The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-12-21
Industrial News.

| The Piedmont Industrial School
through Rev. j. A. Baldwin, the presi-
dent, yesterday closed a deal for 230 acres
of land three and one-half miles from
the city on the Seaboard road, just be-
yond the Chadwick Mills. The consid-
| Grafton was $7400, and Mr.. Baldwin and
| his associates feel that they have secured
the property at great bargain. There
is on it, Mr.. Baldwin says, perhaps the
| most beautiful building site around
Charlotte, and the land is also valuable
as a farming property, being well suited
| to the standard crops, and to fruits and
vegetables and k-raising.-Charlotte
News.
A party of machinists have been here
! for the past few days loading machinery
taken from the old Mann Arlington gold
mine at Argo. We learn that there will
| be no further attempt to develop his
property on account of little pay. Thous-
ands of dollars have been expended on
this property within the past fifteen
years, and at one time the yield was
good and brought handsome returns. The
opinion prevails among persons acquaint-
ed with the property that there is still
much paying ore to be found, but to ex-
tract it would cost considerable; prob
ably more than the returns. The ma
chinery will be shipped to some point in
Pennsylvania.-Nash Graphic.
1t is announced by one of the mill men
on the inside" that the plans of financ-
ing the Fries mill merger scheme (the
Southern Cotton Mills Coz will not be
given to the public, with other particu-
lars, until January. 1t is stated that
over 100 mill plants have been accepted
by the examining committee, and the
success of the merger seems to be as
sured.-Wool and Cotton Reporter.
S. B. Alexander, Jr., president the S. B.
Alexander, Jr., Co., engineers and manu-
facturers, Charlotte, N. c., writing OF
the outlook for 1908 to the Manufacturers
Record, says: I'm all our business ex-
perience we have never seen the bust
ness outlook better than it is for the
coming year. This year has been an ex-
ceptionally good year, but there have
been a great many enterprises started in
the South which will not be completed
until next summer These enterprises
alone will insure a large business in our
line, while there are other enterprises
starting up after January L."
Cooleemee Cotton Mills will install a
1000 horse power engine to augment it's
water power plant. This company has a
plant of $4,000 spindles and 500 looms, and
is making extensive improvements. 1t OPP
crates several other industrial enter
prises in connection with supplying ne
cessaries of life to its mill town.
Rapid progress has been made during
recent weeks on the construction of the
Henry River Manufacturing Co.'S plant
at Hildebran, N. C. This enterprise was
announced last spring, and at that time
1T was stated 5000 spindles were to be
the equipment Now that the buildings
are about ready for occupancy, the
company has ordered 1000 mule spindles.
and will manufacture Nos. 80 and so
yarns. Water-power will be utilized.
The capitalization is So, 900.
The annual report of the Virginia
Bridge and Iron Company has been filed
in the office of the Secretary of
State, which authorizes them To
do business in North Carolina. w. D. 1
Webb, of Raleigh, is named as the agent
of the company in this State. The com
pany is engaged in manufacturing and
building steel bridges, buildings and gem
eral steel structural work The capital
stock is 100000. The home office is Roa-
noke, Va, with w. Z. Robertson as pres
dent; C. e. Michall secretary
The Aydlett Brothers Company, of
Elizabeth City, was incorporated yester-
day. The company is to carry on gem
eral mercantile business, to sell bonds or
other notes in its conduct and for the
holding and selling of real estate and
personal property, and to do all things
necessary to carry on the business. The
capital stock is placed at 200 with
permission to increase to sum not ex-
ceeding 100000. shares 500 each. The
ncorporators are A. L. Aydlett, C. H.
Robinson, D. T. Gallup, w E. Evans, E.
T. Aydlett ]. H Aydlett and Abner Ayd-
lett, of Elizabeth City.