The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-06-02
NE W INDUSTRIES
OF THEPAST WEEK
Developmental Announcements
From Various Sections
of South,
Especial to The Times-Dispatch.,

IL.
Baltimore, June 1.-Several import :
ant railroad developments have taken
place In the South during the past
week One of them, witch will pro-
vide for Al new coal route westward,
is the announcement by the Louisville
ana Nashville Railroad that it Will
build line twcnty-six miles long from
winchester southeast 10 Irvine. Ky,
ana snort connection between Beatty
vic and Athol. Ky. winch Will innk up
the Louisville and Atlantic division with
the big extension to the Eastern Ken
lucky coal fields that is now approach
Ing completion. This Will give n down
grade haul for loaded coal trains from
Letcher county to Winchester, KY, and
beyond, as the line between Winches-
Ter and Paris. seventeen miles. Will be
revised and improved 20 correspond. II
is further reported that the Louisville
and Nashville will build an extension
To connect with the Chesapeake and
Ohio and the Cinchfield Railway nca-
the Breaks Of Sandy. This would re-
quire about thirty miles of new con-
etruction along Elkhorn Creek
The Clinchficld has sold 100000 or
new per cent notes to finance the
construction or it's extension from
Dante to Elkhoru City. and the con-
tractor is preparing to rush the work,
which II is hoped TO complete in eigh-
teen months. Upon the heels Of the an
build Its extension came the sale by
tho Cumberland Corpcration--which
controls the ClinchAeld--of "A large
block Of Scaboard AR Line stock.
which II had held as collateral. for
sla.00o.o0o OF Cumberland Corporation
notes, that come due in Juls.
This deal gave rise TO a report that
the Seaboard was about to change
hands. but Interested parties have con-
tradicted this rcpor; 10y statements
that tho. stock was bought by inter-
ests already in the Seaboard. and that
there would be no change In It's con-
troll.
The sale OF the Piedmont Railroad. u
short line twenty-one miles long be-
tween Thomasville and Denton. n. c..
was announced. 1t was bought by w.
F Coler & Co, OF New York. VINO are
already Interested in electric railways
and lighting enterprises in and near
Greensboro. y. G, ana an extension OF
the road is expected.
II may also he noted that the Balti-
more and Ohio Railroad has put In
service the new double track tunnel
st kingwood w Va. over the Allie
rhanies on the Cincinnati route, thus
giving II three tracks through the
mountains the old singh track tunnel
being continued In service. The com
pany is also building II Sand Patch.
Pa. on the Pittsburgh route. another
old single track tunnel, which when
completed Will give another three
track crossing OF tho Alicghanies
Among other Southern Industrial and
devclopmental enterprises announced in
this weeks issue OF the Manufacturers
Record are:
Texas Power and Light Company.
Waco, Tex. Incorporated with $4,000
600 capital stock, to acquire electric
and gas properties and build $500. 900
electric plant at Waco: properties men
toned include Waco Electric and Gas
Company, Clcburne Electric and Gas
Company. Iiillsboro Electric and Gas
Company. WaNahachic Electric and Ga.
Company, Temple Electric Light Com
pnny. Sherman Electric and Gas Com
pany and Bonham Electric and Gas
Company.
Ill. reported as TO build $500. 900 plant
for manufacturing bugsies and wagons
at Atlanta, Ga.
Alabama mississippi Biaugas Com
pany, Mobile. Ala. organized witt.
S25o,000 capital stock to establish
einusas plants In Alabama and Mis-
Durham Coal and Iron Company
Chattanooga, Tenn. and New York, is
understood to be negotiating for ex-
tcns!ve mineral and timber land area
in Sequatchic Valley. Tenn. for de-
velopment and construction of iron
furnaces, steel plant, etc: unconhrrncd
reports state 100000 investment is
contemplated.
ST. Louis Southwestern Railway
Fort Worth. Texas. purchased site for
freight depot and terminals to cost
ultimately si,5oo.0 plans not yet
prepared: company now preparing To
offer bonds for $500. 900, OF which 81,
100000 will be for Fort Worth and st.
Louis terminals.
Springfield Gas andT Electric Com.
pany. Springfield Traction Company
Springfield. Mo. Were reported as 10
invest $4,000 TO rebuild track and
trolley system. $50. 900 TO extend trans
mission cables, sl25.44i to build sub
station and $4,000 to extend gas mains
and service.
Empire Cotton on Company. Atlanta,
Ga. organized with 100000 capital
stock. to acquire twelve cotton oil
tons of cotton-seed.
Annapolis Public Utilities Corpora
ton, Annapolis. Md, was chartered
with 100000 capital stock to con-
struct plant furnishing electricity and
gas.
North Arkansas Power Company
Berryvillc. Ark, engaged engineer
for S250,o00 hydro electric plant to in
clude 30 by 350-foot reinforced CON
crete dam, thirty-mile transmission
line. etc.
Oklahoma Tripoli Co. Miami, Okla.
incorporated with $4,000 capitsA stool,
to develop Tripoli properties.
Great Southern Iron and Develop
ment Company, Wedowee Ala, pur-
chased 1.0i0 acres of IRON ore land
will develop for daily output OF sos
tons, and issued bonds for s25O0O0
Central Coal Company. Birmingham
Ala. was reported as 20 invest $780,
900 for tipples to handle and weigh
coal electrical machinery, undertaking
equipment, haulage system. etc
Southern Soapstonc Corporation
Richmond, was chartered with $1,000
capital stock to develop soapstonc
property.
a. G.. Thatcher Piedmont. Ala. and
associates plan organization of cor