The Pensacola journal., 1920-02-08
CAPITAL FLOWS
TOWARD SOUTH
FROM THE CAROLINAS TO ALA
BAMA INDUSTRIAL DEVELOP
MENT is BEING WATCHED.

| Baltimore, Feb. 7.-(Special to The
| JournaD-Of commanding Importance
/ in the industrial and development
| news of the week is the activity in the
| cotton mill districts, according to the
| current issue of the Manufacturers
Record A number of mills are largely
/ increasing their capital and there is
much new construction work planned.
/ Important announcements include the
| following:
| In North Carolina new cotton-yarn
| mills will be built at Hickory and at
Belmont a $1,000, 900 corporation will
build a combed-yarn mill of 10000
spindles, and another mill there plans
Il 10,00O-spindle mill. Two new yarn
mills have been organized at Gastonia.
Mills at Cherryville are increasing
capital and will build additions. Lex
ington is to have a new mill, and High
Point plans two new yarn mills. \
100000 cotton-mill company has been
formed at Fayetteville.
In South Carolina two mills at
Greenville are increasing their capi-
tai. AT Crichton, Ala, cotton mills
increase from 100000 to $4,000 O00
and at Huntsville, Ala, a company
manufacturing ginghams is increasing
heavily. A silk mill will be erected
at Albany. Ala. Silk hose will be
manufactured by knitting mills inror-
porated at New Orleans.
Sewer connection for 1000 homes of
cotton operatives will be installed at a
cost of $750,00O in mill villages near
Greensboro, \. c.
Flour mills at Charlotte, n. c., are
increasing capital from 100000 TO
state, new flour mills will be erected.
A 24-kiln plant for the manufacture
of porcelain for electrical insulation
will be established in Baltimore at a
cost of S1,50O,O0O, and in Baltimore,
also, the Standard Oil Company Will
erect a $500, 900 office building.
Extensions and improvements will bel
made this year in Arkansas by the
Southwestern Bell Telephone Co, at a
cost of $1,OOO,0O0.
An annual capacity of 5000 to 1000
tons of potash from feIdspar and
100,000,00O bricks from the residue of
potash manufacture is proposed by a
corporation at Roanoke, Va, which
will make extensive developments, |
building a factory, installing all neces- !
sary equipment, providing a plant for
research work, etc.
A crankless two cylinder stationary
steam engine will be manufactured by
a company organized at Jacksonville, /
with $2,500.O00 capital.
At Greensboro, y. c., a motor car
corporation increases capital from
$500, 900 to $1,O0O,00O, and will build
additional units for the manufacture
of both trucks and passenger cars.
In a Florida county phosphate cor
poration plans the purchase of lands
estimated TO contain 26,500,O0O tons of
phosphate rock and will acquire three
mining plants; proposes to increase to
an annual output of 700, 900 tons.
Eight thousand acres of timber near
Grenada, Miss, will be developed as
the result of a recent purchase by a
Memphis firm; a $750,000 investment
is involved for building, machinery,
timber and development work, etc. In
a Florida town a 10000, ,00O-foot an
nual capacity saw, planning and shin
gle mill will be erected.
An oil corporation has been formed
in Oklahoma City with S5,OO0,000 cap
itaT; has leased $4,000 acres in Okla
homa, Kansas and Texas. A $4,000
900 oil company has incorporated in
Texas.
A 50,0O0-bale warehouse and COM
press is to be erected by a Japanese
trading company at Houston, Texas,
at a cost of 100000 and in Houston,
also, 10-story bank and office build
ing is planned at cost of 100000 |
At Dallas an 100000 office building
will be erected and in that city, also
a 100000 yeast plant will be built, |
the plans calling for doubling the in /,