Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1921-01-05
Cotton Mills Pay Dividends.

out $93S,lfO IN seml-anhuai oiSi-
dends today as follows:
Arcadia mills, 1-2 per cent. on
5000, 200 preferred, $1,000.
Arcadia mills, per cent. on $780,
DOC common, $4,000.
Arkwright mills, 5 per cent. on
100000 common, $4,000.
Beaumont Manufacturing Com
pany, 8 per cent. on 100000 prefer
red, s2,7oo.
Beaumont Manufacturing Com
pany, 5 per cent. on $4,000 COM.
mon, s15,5o0.
.Ghesnee mills, per cent. on 1894
900 common, s19,745.
Clifton Manufacturing company,
s per cent. on S1,O00,oOO common,
$4,000.
Cowpens mills, 8 per cent. on
100000 preferred, $4,000.
Cowpens mills, 8 per cent. on
100000 common $4,000.
D. E. Converse company, a per
cent. on s1,OO0,oOO common, s4o,-
900.
Drayton mills, 10 1-2 per cent. on
$35O,OOO preferred, $4,000.
Enoree mills, 8 1-2 per cent. on
$4,000 perferred, s4,55o.
Inman mills, 8 IL per GENT. on
$15O,OOO preferred, $5,250;
Inman mills, 1-2- pen cent. on
100000 common, S21, 900.
Pacolet Manufacturing company,
3 1-2 per cent. on s2,OO0,OOos prefer
red, $4,000.
Pacolet Manufacturing company,
10 per cent. on s2,o0o,oOO common,
100000.
Saxon mills, per cent on $780,
900 common, $4,000.
Spartan mills, per cent on ST.
100000 common, $4,000.
Tucapau mills, 5 per cent. on
sso7,ooo common, $4,000.
Victor-M Monaghan company, 3 IL
per cent. on preferred, estimated
$1s,e75.
Whitney. Manufacturing company,
S per cent. on $350,OOO common,
s17,5oo.
Woodruff Cotton mills, 10 per cent
on s525,OOO common, s2,5Oo..
W. S. Gray Cotton mills, a per
cent. on s2eo,OoO preferred, s1o,-
400.
Twenty-one cotton mills in Spar
tanburg county, having total capi-
tai stock of ss,sOs,sOo January l,
have paid stock dividends amounting
toiss, ,e5s, ,0aa and cash dividends
a3 Uniting 81 ,ess, ,e4s, "a sotaIs6
ss,I57,s4s during the year ending
today according to figures compiled
by A. M. Law & Co. Included in the
cash dividends is the sum of $685.
ITO being paid in semi-annual divi-
dends today, but the. totals do not in
clude dividends paid during the year
by mills in adjacent counties, the
arrangements of which are located
here. The combined stock and cash
dividends paid by the mills of the
county during the year lack but
S850,90O of equalling the combined
capitalization of the mills at the be-
ginning of the year.
The stock dividends represent for
the most part profits accumulated
during the era of high prices pre-
vailing since 1915, but which were
not distributed until after the Unit
ed States Supreme court declared
early last summer that stock divi-
dends were not taxable. All the mills,
it is said, have good surplus accounts
left after paying their dividends.
Since the defation of prices be-
gan several months ago there has
been little curtailment of output by
the mills of the county. All are run
ming on practically full time now and
expect to continue doing so. There
has been reduction in wages during
recent weeks averaging 20 per cent,
which has been accepted in good
spirit, it is said, by the operatives,
who seem to realize. that the reduc-
tion was necessary under changed
conditions.
The mill men report more in
quiries for goods during the past
week than for Sometime nreyiouslv.