Five of the Big Cotton Mills in Spray Have Been Purchased, 1910

From the Thursday, June 23, 1910, issue of the Watauga Democrat.

The purchase by Marshal Eield & Company of five of the big cotton mills at Spray may have a far-reaching effect on the cotton mill business in this section. For a long time there have been whispers of a certain mill merger and this may be the beginning of such a thing. With the electrical trust in charge of the power and combinations getting control of an entire milling center there are vast possibilities that may develop.—Raleigh Evening Times.