The Montgomery advertiser., 1902-10-11
COTTON SEED CRUSHING
MARIANA LEADS IN ooNsrRUC- TIoN OF NEW MILLS.
.En Three Months Cotton Oil Industry Has Been Active-Mining is
 aa Enterprise Now Attract ing Attention.

Daltimore, Oct. 1O.-(Special.)-In dis russion of the comparatively tardy growth of cotton mills in Southern state which grew last year more than nhrpo po-ouarters of a million bales of cot 1on and which is capable of growing a greater quantity. the point was made by . practical business man that from the industrial standpoint the State was prac- ticaliy young and that there were so many other openings for the investment pf capital with the certainty of much greater returns, that the textile industry was naturally of slow growth.
 That particular State is not unique Tn This respect and in 1t and in other States of the South investments in other enter prises than cotton mills are steadily made and will continue to be made once IL was the custom to link cotton manufac- turing directly to cotton raising. Anoth- nr industry has now intervened, cotton nsed crushing, and that IS decioeoiy ae- kractive to investors.
 This fact appears in statistics publish Cd in this weeks issue of The Manufac- turers' Record. showing that during the third quarter of this year which Is usual Nv a quiet period as far as construction of cotton oil mills is concerned, plans were made for thirty new mills in nine states with an aggregate capitalization tl.A4 rehabilitation. S3o0. 600 being the total cap itai for the three mills reported. North Carolina Is second with six mills capi- talized at $29260 and Tennesse Is g. close third with four mills and $250,0O0 capital izdtion.
 Other features of this industry during the three months included the announce ment of the Florida Cotton oil Company, that 1t will expend about s1O0.0O0 to add osl nnd its Jacksonville plant, the letting of a contract by the Seaboard Refinery Com- pany capitalized at $125.00o for the con struction of a 1,2Oo-barrel cotton oil re- fnery at New Orleans. the contract for a refinery and deiinting plant to cost about s50o.ooo at Norfolk. Va. the loca- ton of several additional plants by the Buckeye Cotton Oil Company controlled by soap manufacturers of Cincinnati and the organization by Fort Worth, Tex.' capitalists of a cotton oil company for East St, Louis, one of the by-undertak- snRs of which will be the feeding of about a00o head of cattle.
 Mining is another enterprise now com manding the attention of capitalists, and one of the interesting developments of the past week is the announcement of the organization by Indianians of com pany with capital of N.oOooOO to de-
 
 southern part of Bedford County. Vir- minia. Correspondence from Richmond says that those interested have secured contxol of 4,000 acres of asbestos and mica lands in a compact body about twelve miles south of Bedford City, that seyeral hundred tons of asbestos have already been uncovered and adds:
 ''veins of from a foot and half in thickness to three feet have been ex- posed in a large, number of localities. In several instancs they have been followed down to a depth of from ten to thirty feet and in every case the quality and fibre of the asbestos is found to improve as with some depth the vein shows less indication of disturbance by surface moisture and undiminished thickness The Manifcance of this improvement in quality and fibre with greater depth Is the more notable from the fact that the asbestos within foot or two of the sur face in the case of the Bedford deposits equals in character and marketable value that found at depth of 100 feet and moro elsewhere. A part of the plan for the marketing of this asbestos is the construction of a twelve-mile branch road from the Norfolk and Western Railway to carry freight cars and to be operated Dossibly by electricity It has been pro- posed to continue this line past the mines and on to Danvtlle. va Inere IS reason to believe that this branch road will be promptly built to solve the problem of transportation and that within short time asbestos and mica will find place ou the market very gratifying to those interested in the development of South ern resources"
 Announcement is also made that a new xvrites mine is being developed on prop erty of 1000 acres about twenty miles northwest of Gainesville. Ga. Prospect ing covering about 2,5OO feet on the vein