THOUSAND BARREL MILLGeorge A. Hormel Company of Austin Closes Big Mill and PowerDeal._Austin, Minn., July 11.—Saturday; afternoon tin- deal was completed whereby the Geo. A. Hormel Packing company purchases the Peerless Holler mills property consisting of the mill and dam here and the so-called Red Cedar mill dam and mill.The price paid tor this valuable property is not given.Mr. Hormel says that the capaci'y of the mill here will be increased to a thousand barrels. This work willnot be done at once but each year1 the output will be doubled until the! thousand mark is reached in lhl'.bNew machinery has already been' ordered to increase the output to 225; barrels a day. Mr. Edward Campbell who has been the manager of the mill will remain in that position.The property that has changed; hands Is one of the oldest milling plants in the state, having been ill; constant opeiation since the first mill was built on the site of the present mill on Water street in 1864 by a man named Anderson. Jo. Engle and sons bought out Anderson in 1871 and! put up a fine mill which burned in 1881. They rebuilt the mill. In 18110 A. S. and U G. Campbell bought the property and later Alex S. Campbell became sole owner. Recently the mill became the Peerless Roller Mills. It has a capacity of 200 barrels every twenty-four hours.The Red Cedar mills were built in 1867 and 1868 by Jonathan Gregson. The mill was enlarged in 1875 and 1879. The mill is now equipped with dynamo, and furnishes power for the mills and the Peerless mill here.