Arizona republican., 1919-07-23
CO.
 ID HAVE COTTON
 MILLS IN COAST
With Los Angeles Tire Fac
 tory Stock All Sold, Pre- pare to Start Big Mills - Cotton from This Valley Will Be Used Extensively

Now that the Goodyear Tire and Rubber company has made a record by placing $6000 900 of preferred stock in it's new Los Angeles factory in less than a week, more detailed announce rnent has been received here of it's plan for developing the cotton indus try of this vicinity. An offering ot stock in the Pacific Cotton Mills com pany, through which Goodyear will make it's development, will shortly bel made.
 One of the same reasons as that for the establishment of a tire fac tory in Los Angeles, is back of the cotton plant idea. Goodyear is all ready a large cotton grower in the salt River valley of Arizona, and also consumes much of the cotton grown by others in this valley and other cotton growing territory of the southwest. Now the company has a mill at Good year, Connecticut. where it's cotton is woven into tire fabric and other ma teFials incident to Goodyear produc ton. Tn other words. Goodyear cot ton has had to be shipped practically O the Atlantic coast for weaving, then Lack to Akron to be used as fabric and finally to the Pacific coast again in finished product, to serve the Pacific slope trade. The long hauls will be abolished by the Los Angeles mill; the product of the cotton mill will be used in the Los Angeles tire factory, and from that basis it is expected that the Pacific Cotton Mills company will enter the general cotton fabric field, for western United States trade and for export. Experiments along this line are made much more readily possible by the fact that Goodyear of California has already agreed to take, at a substantial profit, all the product that the mill can turn out as estaD- lished. The building itself will be on the tract that Goodyear has pur- chased in Los Angeles, which includes the famous Ascot Park race track.
 New Enterprise Capitalized
 The new enterprise will be capital ized at s6,O0o, o,OOO-s3,OO00O 900 or pre- ferred and s3,000, 900 of common. Two million dollars of preferred and s1,000- 600 common will be issued at once The preferred will be sold to local investors; the S1, ,0O0. 900 of common is purchased for cash at par by the Goodyear Tire and Rubber company and the proceeds of the entire S9,000, 900 sale will be used for the building and operation of the plant, The legal details of the new corporation are be- ing rushed as rapidly as possible and it is hoped that the stock will be placed on sale in about a week.
 Cotton is a very important ingre- 1ient in pneumatic tire castings. Tlte fabric makes the carcass strong, tC resist the air pressure from within and the flexing and pumping from without, that a tire must stand ir order to give satisfaction.
 For several years Goodyear has teen growing and improving cotton or it's Arizona plantation and made pos sinle by irrigation from the Roosevelt dam. The spread of popularity of the cord tire has made long staple, higf grade cotton very necessary. Good year has succeeded in developing long staple cotton even finer and bet ter than the famous Sea Island vari- ety. grown on the islands off the coas of Georgia, and it's southwestern cot ton is also superior to the famed Egyptian variety so widely used il this country before the war
 Get Cotton from This Valley
 When Goodyear invaded the Sal River valley, only 5000 acres were il cotton. Now more than 90,000 acre are in crop. Of these, Goodyear op crates 27,000 acres, and has crop ar engagements that brings it the resul of the work of the growers on man, thousand acres more. The Salt Rive valley last year produced 40,000 bale of cotton. Goodyear could use 5000 bales annually, and the demand i growing steadily.
 The cotton mill already operated il the east is of 30000 spindle capacity It weaves one-fifth of Goodyear's re ouirements. The Los Angeles mil