The Chesterfield advertiser. [volume] (Chesterfield C.H., S.C.) 1884-1978, 1919-05-29
WANNAMAkER SAYS COTTON
WILL co MUCH HIGHER
Special to The Advertiser:

| 'OlumDla, May "a ne Russian
Soviet Government is anxiops to pur-
chase 100000 bales Of American cot
| ton ut the very earliest possible mo-
| mcnt, according to telegram re
ccivcd here to-day by J. Skottowc
Wannamakcr, president of the Anne
rican Cotton Association. In a state
| mcnt given out tonight Mr.. Wanna.
| maker said that the inquiry regard
ing the possibility of securing this
| cotton had come from man in New
York City, signing himself as "a. A.
Heller who described himself as the
| commercial representative in the
| United States and the purchasing
| agent Of the Soviet Government of
Russia. According to Mr.. Heller the
Russians are anxious to start up the
| big cotton mills at Moscow at once.
The Dry Goods Situation
| That he has information regard
ing the dry goods situation which ne
has collected at great expense during
| the past few days, and which if di-
vulgcd would cause a sensation, was a
| statement made by Mr.. Wannamakcr
last night This information has been
| collected from both manufacturers
and dry goods dealers, says, Mr.. Wan
namakcr, and shows that the dry
goods shelves Of Europe are bare and
| that they are partially bare in this
| country. "Europc is naked and our
own country is only half clothed" he
| said.
81 have undoubtcd facts in my pos
session showing that but for the
manipulation of markets by the spec
u!atOrs and gamblers cotton would
have brought scvcnty-ivc cents a
| pound last fall" said Wannamakcr.
| Mill men have told me recently that
they could pay siNty-fve cents per
and MAKE money. There is sure to
be a big advance i'm the price Of cot
| ton. IT may not come Immediately,
| although We see what it did to-day
| and what it has been doing for the
past few weeks. The Southern farm
or has the situation in his own hands.
| He has tn" cotton now and the naked
world must get it from him to clothc
| itself"
Hold For Full Price
| Mr.. Nannamakcr urged the farm
| crS to hold their cotton for a full
price plus interest and plus the mis-
| treatment and abuse Of many years.
| He said that the order from Russia
| shows that the European countries
| are planning to start their mills up
again and when this is done the de-
| mand for cotton is going TO be so
great that the price IS going to 20
| beyond all previous bounds.
Regarding the order from Russia
| it is stated that this was probably in
| tended to be turned over to the bic
cotton export corporation now in the
The latter have not yet been chosen
but will be at an early date.
Chairman Wannamakcr said yes
tcrday that he had urged the farmers
last fall to hold their cotton and those
who have held thus for are probably
very thankfIl that they have done
| So 81 now urge them to hold on 4
while longer" he said. 81 understand
/ that great quantities Of cotton have
been sold for July delivery. This is
sure to force the market up because
the houses doing the selling will have
! TO get the cotton somehow and they
are going to have to pay a handsome
price for it,"
In speaking Of the educational cam.
paign that the American Cotton ASsO.
citation is conducting in the north
Mr.. Wannamakcr said:
"Thcrc are many people north Of
the Mason and Dixon line who do not
know that cotton has to be handle
by the human hand from the time il
opens in the boil until the cloth is
made. The man that handles it is
entitled to "A living, to home to live
in, to schools for his children and to
wages which will enable him to give
these children advantages. We arc
setting forth the fact in our letters
to the people Of the North that this
has not been possible with prices
which the cotton farmers have got
ten during the past -ew years"