Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1903-01-22

Mills VIZ was offered and decline,
and 81 80 asked.
For stock in the mills of tn,
| Courtenay Manufacturing Com
pany sl.l5 was offered and declined
/. aud Ills asked.
For stock in the Glendale Cottor
Mills sl.45 was offered and refused
aud $3.50 asked.
For stock IN the mills Of the
Graniteville Manufacturing Com.
pany 81 60 was offered and de
clined, and Sl.65 asked.
For stock in the mills of the
Pncolet Manufacturing Company,
81 80 was offered and promptly de.
clined and 81 asked.
For stock in the mills of the Pei.
ger Manufacturing Company, ~ "a
was offered and refused aud Sl.S5
asked.
For stock in the mills OF the
Piedmont Manufacturing Company
ISl - was offered and refused and
$3.50 asked.
For stock in the Spartan Cotton
Mills, 81 80 was offered and refused
ana 81 40 asked.
For stock in the Union Cotton
Mills. 81 80 was offered and refused
and sl.37 asked.
The above list, like the one Civ.
ing the establishment of new mills
and the enlargement aud improve
ment of those IN operation, could
also be- heightened until an entire
column OF The News was filled.
But these are enough 10 show how
stock spectators regard invest
ments in Southern cotton mills,
and how they make their money
do the talking.
The figures showing the pre-.
miums offered for stock in cotton
mill. has been used for a purpose
II is almost needless, however, TO
say, if stock commands a large
premium, it pays large dividend,
and that the premium offered indi-
Gates how much dividend is either
declared annually or quarterly a.
the custom of the company may
be. Take, for instance, a well Sc.
cured promissory note for 800
II it bears 6 per cent interest, the
legal rate, il is worth no more than
its face value. IL, however, il
bears - per cent. II would be
worth something more. Stock in
cotton mills is very much like
prommissory notes, the returns on
which are termed dividends instead
OF interest. Take one share, Of the
value of 800 in a cotton mill, if il
commands a premium OF 100 per
cent, az Is the case with stock IN
the mills Of the Pacolet Mauulact
uring Company # South Carolina,
then the dividends (interest) must |
be very large. This, however, is
b, no means all; II the ,ar value |
Of the share il SlOu, and the prem
lum 800, then the holder has
made 300, and has 5000 worth Of !
good property instead 1890. Just
A. a real estate speculatOr would |
have 500 instead of 800, if he |
should invest 800 in town lot
md the lot advanced in value TO
300.
The South, therefore, standing
IN the record and speaking from
he record, can confidently an
iounce TO the worlds idle money
hat il offers by practical test the
most practical field for Investments
n cotton manufactures to be found
between the oceans.
As marvelous!y prosperous az
hese figures show cotton mills 10
he Southern states 10 be (for no
.thers have been referred to), il
must not bee forgotten that this sue
ess has been achieved while using I
oal a. a fuel worth from $3.50 20
3 80 per ton, and that the item Of
ucl il one Of the largest in the ex
lense account Of all factories. Now
hat Texas can supply not only a
.etier fuel, but 80 per cent cheaper,
here Is no reason why every en-
erpri.e in the South should not
xceed the most prosperous year it
as ever known, and earn larger
iyideuds for it, stockholders than
ny ever declared in previous
ines.
IL will be noticed that only the
enefts and good accruing to the
investing his time and
money in cotton mills in the South
az been noticed
Speaking in a general sense,
here Il much broader view 10
1ke Of the subject. Cotton mills
re good institutions il only the
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