The recent reorganization and enlargement of the Ideal Hosiery Co. of this city, and the change of the firm name to the Ideal Mills Inc., to an incorporated business chartered for $125,000, is another index of the revival of business throughout the country, and how it affects Elizabeth City.
The Ideal Mills Inc. may establish a larger mill here sometime in the near future, but plans in the meantime to enlarge and repair the present three-story structure it occupies on Poindexter Street near the bridge.
The mill employes about 50 persons and has a capacity of 350 dozen pairs of hose per day. Its growing business means a turnover of more than $10,000 a month in Elizabeth City. It is now shipping hosiery all over the country and to Europe. Some of the hose it makes are said to be the finest of the kind in the country.
The newly elected officers of the Ideal Mills Inc. are M.G. Morrisette, President; W.G. Gaither, Vice-President; G.F. Wright, Manager, Secretary and Treasurer; and W.H. Jennings, Assistant Secretary and Treasurer.
Elizabeth City has five hosier mills in all. It is estimated they turn over about $50,000 a month in local business among labor here.
From the front page of The Independent, Elizabeth City, N.C., Friday, April 6, 1923
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