Business News from North Carolina, July 27, 1919

From the Richmond Times-Dispatch, July 27, 1919

Shelby Textile Works

Shelby, N.C., July 26—Work along textile lines are on the increase here. The Shelby Cotton Mills are building an addition to their already large plant, which will enable them to add 80 looms and 5,000 spindles. All of this machinery has been purchased and will be installed as soon as the additional building is completed.

A new cotton milling company has just been incorporated, which has taken the name of the Double Shoals Manufacturing Company. The capital stock pretty much all of which has been subscribed, is $200,000. The organization of the company will be completed next week.

Big Lumber Mills Going Up

Sanford, N.C., July 26—Warren Williams and E.R. Buchanan, of this place, are erecting sawmills and planning mills at Parkewood in Moore County, where 400 acres of pine lumber lands have been acquired. The plant, to be established at once, will have a daily capacity of 300,000 feet of lumber.

Meeting Demand for Building Material

Charlotte, N.C., July 26—The Carolina Shale Brick Company, incorporating here with $20,000 capital stock, proposes to establish extensive brick and tilemaking yards, it being found necessary to meet the building demands of the hour and the future for more and larger brickmaking plants to get busy. The new company will have its yards in operation in the next 30 days.

Notes of North Carolina Business Development

The Bank of Lexington has increased its capital stock from $50,000 to $100,000.

N.J. Rouse and associates will erect two cotton gins at Hines’ Junction, installing a 70-saw gin in each.

The Peoples’ Bank has been chartered at Sanford, the incorporators being capitalists of Sanford and Cumnock.

The Pitt-Harris Furniture Company, capital stock $50,000, has been incorporated to do business at Rocky Mount.

A company is being organized with $250,000 capital stock to manufacture automobile tire products at Salisbury.

The Turner Mills Company are soon to build an additional cotton mill at their large plant at Monbo, which is to be equipped with 10,000 spindles.

The High Point Hosiery Mills are building another mill at High Point, which will nearly double the capacity of the present plant.

The American Trust Company of Charlotte has increased its capital stock from $1 million to $1.5 million.

Definite plans have been announced for the Roanoke Mills Company’s proposed addition at Roanoke Rapids. Capital will be increased by $500,000 and a building will be erected for equipment with 658 looms.

A 250 by 100-foot cotton-waste mill and a 400 by 100-foot warehouse will be erected by the American Metal and Waste Company, Bessemer City.

Capital has been increased from $100,000 to $200,000 by the Springfield Cotton Mills at Laurinburg.

C.E. Neisler of the Pauline Mills, Kings Mountain, plans to build another cotton factory at that place.