The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-11-10
MONEY CAME SOUTH
IN A SHORT WHILE
New York Banker Writes That
Needs Of This Section Will
Soon Be Supplied.
STONE MOUNTAIN is SOLD
Property to Be Developed and
Almost Inexhaustible Supply
of Granite to.Be+ Marketed.
STONE MOUNTAIN is SOLD

Especial to The Times-plspatch. ]

Especial to The -Dispatch.1
WINSTON-SALEM,- N. c.. November
s.-The impression here Is that tnan-
cIal conditions are growing better. es-
pecially along certain lines. but the
men OF finance arc OF one mind in the
contention that restoration Of conf
,dences on the part OF the. public gem
orally is needed to bring about more
healthy state OF affairs. A local bank.
ing house Is In receipt OF letter from
a Northern bank, in which the crafty :
ing statement Is made that currency
lis now being shipped out from New
York to the North and Northwest to
move the immense cCrn crop. and that
as soon as this demand Is supplied
money will begin moving South for the
handling of the cotton and other crops.
Present conditions do not Justify a
panic" said local banker. "and with
confidence and conservatism there Is
no reason why former conditions
should not be restored
EnIarsing the Plant.
The machinery for the new annex
OF the F. H. Hanes Knitting Company
is arriving daily. and is being installed
as rapidly as possible. A great deal
81 the work has been done. and the
now industry will start operations
about the first of'the year. The an
mex will double the capacity of this
plant, aud about 200 operatives will
be employed. Those in charge OF the
new plant Of the Chatham Manufac-
turing Company. at this place. report
that the work at their plant Is pro-
crossing nicely and that they have
no doubt but that they. will start UP
the first of the year. This makes two
new factories for Winston and both
OF them will manufacture goods that
are greatly In demand.
The receipts at tho. Winston Salem
post-oftlce for October OF this year
show an increase of S1.134.14 over those
for October OF last year. The receipts
last month We're s7.s5s.60. and in Octo-
btr OF last year. $6.7?2.46.
stone Mountain Sold.
A deed was filed with the register
OF deeds in Wilkes county this week
transferring the ownership of the IA
township, Wilkes county. The deed Is
made by the North Carolina Granite
Corporation to the Wolf Rock Granite
Company, and conveys all the proper
ty held In that county by the former
company, The consideration of the
deal was $4,000. 1T is understood
that the property Will be developed
by the new company. and that the
granite deposit there will be quarried
ana put upon the market. The quality
OF this granite. experts say. is very
tins, and the supply almost inexhausti-
BILE.
The Lash property at Walnut Cove
has been sold again. The hrst deal
fell through by reason OF some tech
nicaltty. This time. however. 1t is
STAYED that the monty has been de.
posited In the bank at Walnut Cove
ready for the delivery OF the deed The
purchaser this. the third time, Is j. E
| Woodruff, and 1t is now certain tha1
lthi property will be transferred.
The sale includes the Lash home
recently occupied by Mr.. Caleb Hair,
ston and family. tho post-oftlce build
Ing and several ether lots in town
besides several hundred acres of Ian,
lin and adjacent 10 the town. TIL
4 consideration In tho sale to Mr.. Wood
\ ruff Is $4,000.