The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-08-29
TO BUILD WAREHOUSE
AND LEND on COTTON
Far Reaching Industrial Deveiope-
ment Begun by Asa G. Gambler
and Associates.

Baltimore. Md. Aug. 2s,-The most
far-reaching Industrial and financial
movement of the week In the South
has been the organization by Asa g.
Gambler and his associates Of COM
pany to build Immediately a ware
hocse with capacity of 100000 bales of
ctfton, the entire investment to be
about 81 10000 Also the announce
ment is made by Mr.. Gambler that he
and his associates will lend up to Z
cents pound on cotton at per cent.
Last year, at the time Of the most
serious depression in cotton, Mr..
Gambler put up temporary sheds for
warehouses and offered to lend $40 .
bale up TO s1.000.000 bales. thus
steadying the whole market and Great
ing confidence throughout the South
In the cotton situation. His pregent
move will result In the immediate con-
houses of a s500,0 600 reinforced con-
crete fireproof warehouse. and an adj
vance over the loan value put on cot
ton last year. This movement will
doubtless have marked effect In
stimulating other financial interests
throughout the South to cooperate in
financing and marketing of the cotton
crop.
Contracts have been let for the con-
SAfuItiIH VI BVVsV0V QctfdtuI Gu
alcohol Pant at Baltimore. to have a
floor space Of over ten acres.
The Ssahoari Air Line Railway will
erect mt Portzmcuth, Va, new shops.
TO cost, with equipment. $500. 0ne.
! The la Belle Iron Works of Ohio
contemr iatas builcinz In Norfolk, Va
q by-product coke plant and q bridge
across the Ohio River At an aggregate
cost of $1,000. en.'
\ Pinellas County. Florida. voted
$715.000 of bonds for good roads and
Immediately closed contract for build
Ing of sixty miles Of brick roads and
eight miles Of other road. at cost OF
over 100000. This is Indicative OF
the general spirit of activity In road
building seen throughout the South
The Southern Elevator Company al
Louisville. proposes to build a concrete
and steel elevator with capacity Of
$50, 900 bushels.
The Official announcement 10 made
that the big coal pier built at Charles
ton by the Southern Railway win open
for commercial business on Septen-
Der !, thus putting Charleston In line
for heavy coastwise and foreign coal
handling
The standard Guano Company. at
Baltimore. will enlarge its factory at
cost OF 500 900.
The Morr- ~ton Light and Power
Company of Morganton. ". c.. has
awarded contract at $4,000 for dam
to develop hydro-electric power.
The Hudson Oil Refining Company
at Athens. Ga. Incorporated with $lO0.-
900 capital stock. to make refined cot
tonseed oil.
City Point Ice Corporation will con-
struct at the new town OF HopeweIl,
Va. which has been created by build
ing. OF immense powder plant OF the
Duponts. an ice factory and cold stor-
age warehouse.
The Louisville Automobile Speedway
Company. Louisville. KY. will be or
eanized with $780, 900 capital stock to
build a speedway OF creosoted oak.
The Ociila OIL and Fertilizer Com
pany. Ociila Ca has increased its
capital stock by 1900 900 to enlarge its
plant.
In the iron and steel making circles
of the South there Is increased ac-
tivity, with advancing prices while In
the OIL regions prices have again ad-
yanced and activity IN BORING for and
shipping oil Is increasing. Many con-
tracts are pending In various parts
OF the South for war orders. some OF
them running far into the millions.