Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1919-05-25
WORLDS LARGEST WAREHOUSE
COMPANY WILL PROTECT COTTON
$40 900 Concern Will Build Chain of Freproof Cot
ton Warehouses in N orth and south-Ar-
kansas Will Be Benefited.

The Union Warehouse Corporation
is to be organized for the purpose of
purchasing, leasing and otherwise ac-
curing existing warehouses; remod-
cling them, and erecting new, mod
ern warehouses at important northern
and southern points for the storage
of cotton. Also, in response to an in
sstent and increasing demand for
more economic methods, it will even
tually engage in the business of COM
pressing, bailing, banding and cover
ing cotton in manner that will in
sure against damage in transit.
The plans of the Union Warehouse
Corporation, when fully consummat-
ed, will assure a high grade of eff
cheney in operating methods, will eli
inmate much of the economic waste,
converting the same into a profit for
the corporation and will go far to-
wards averting the danger of future
foreign competition. At as many of
the warehouses to be purchased or
erected as is deemed advisable, there
will be installed a modern compress
plant where bales Of cotton may be
compressed to high density, proper
ly covered and banded in a manner
without injury to the fiber. All ware
houses will be installed with modern
facilities for economic handling in
and out and with appliances for
weighing and certifying the cotton as
to weight and grade.
All warehouses will be constructed
on the "unit system" each unit capa
BILE of storing about 10000 bales, the
warehouses being thus capable of ex-
pansion at minimum cost of meet |
the requirements of future growth.
All warehouses will be of fireproof
construction, installed with modern
sprinkler systems. They will be built |
in strict accordance with underwrit-
ers' requirements and the cotton will !
be stored in them so as to enable the
lowest rate of insurance to be obtain
ed In general, all warehouses will be
so constructed and operated that re-
ceipts issued for goods stored therein
will be prime evidence of ownership,
weight, grade and deliverability, and
will be acceptable as collateral at all
banks that make a practice of loan
ing money on cotton. Furthermore,
negotiations are now on foot with |
British banks and buyers of cotton to
the end that the receipts for goods |
stored in one of the warehouses of
the Union Warehouse Corporation
will be acceptable as collateral in
England at banks, thus greatly facili-
tating export transactions.
Prospective Warehouse Sites.
A careful canvass of the situation
has led to the belief that, eventually
IL ND
to establish warehouses at the fol- |
lowing centers with initial capacities |
as shown below amounting to $780, !
600 bales:
Initial Ult'm'te |
Capacity Capacity
City
Dallas or TT. Worth.
Tex. 100000 100000
Waco, Tex. ------- 10000 10000
Houston or Texas
City, Tex. ------200,O0O 100000
Oklahoma City or
Muskogee, Okla. - $4,000 100000
Little Rock or Pine
Bluff, Ark. ------ $4,000 100000
Clarksdale, Greenville
Rosedale or Green
wood, Miss. -- 10000 $4,000 |
Memphis, Tenn. 100000 100000
Montgomery or Birm-
ingham. Ala. 49, $4,000 100000
Mobile, Ala. 100000 100000
Savannah or Bruins
Wick, Ga. --10O,000 100000
Greenville or Column
bia, S. c., --- 100000 $4,000
Raleigh, N. C. ----- 100000 10000
Providence, R. l. 100000 100000
Fal River, Mass. 100000 100000
birmingham or Mans
field, Mass. 100000 100000
The above estimate of initial cap
acity dependable for constant use
appears reasonable when it is known
that in the territory so covered there
We're S,500,000 bales of cotton ginned
in the season of 1917-1918, and that
the total United States crop for that
4 IL