New Business Bobbing
Up In Old North State
The King Cartland Cigar Company Inc. with $50,000 in capital
stock, proposed to build a large cigar factory at Greensboro
Barrels and fruit and berry baskets are to be manufactured
on a large scale at Elizabeth City by the Elizabeth City Barrel Company, just
incorporated for that purpose.
The Hanes Rubber Company of Winston-Salem has arranged to
establish a mill village near the city for their employees. It will cover 135
acres.
The Bank of Newport has been organized and is ready for
business in the town of Newport. Capital stock, $50,000.
The Blue Ridge Cotton Mills have been chartered to establish
a cotton manufacturing plant at Blue Ridge. The authorized capital is $100,000,
of which $25,000 has been paid in.
A broom factory is to be the next new industry to be put in
operation at Mebane. J.L. Fowler is to be the proprietor.
The Collins Lumber Company, capital $100,000, has been
chartered and organized at Charlotte.
Another knitting mill is to be established at Gastonia by
the Glenn-McLean Mills Company, just incorporated for that purpose.
The Franklin Mica and Mining Company has been incorporated
in Waynesville with $100,000 capital stock. The promoters of this company have
already secured valuable mining property near this place and will begin at an
early date the work of mining mica. This will be followed by other mining
operations, as it is understood that lands containing other minerals have been
obtained.
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