The Pensacola journal., 1919-08-06
It Is Expected That Final
Stock Subscriptions Will
Be Taken During To-
day.
BIG EXPORTERS TO
DO BUSINESS HERE
Cotton Producers and Deal
ers From Throughout This
Section Are Interested in
Movement.

density cotton compress, one of the
most needed facilities for the develop
ment of Pensacola's harbor in her
for world wide trade was
practically assured Pensacola yester-
day. The campaign for stock sub
scriptions is expected to be finished
today with every dollar needed for the
assurance of the project at the
earliest date possible, subscribed.
Two of the greatest cotton exporters
in the world will do business in PEN
sacola beginning with the new era of
commercial life of the city, II was
stated yesterday, now that a strictly
modern compress is to be established
here.
r. N. Griggsby. secretary of the
Webb Compress Company. with whom
citizens who are backing the move
ment for the compress here expect to
close their deal, is in Pensacola He
will remain over today. enroute to
Jacksonville where he goes to place an
order for a high density compress.
Stock subscriptions will be rushed to-
day in order to purchase the final set
of castings which Mr.. Griggsby has
in his possession. Increasing costs
will make the new ones higher and
with this in view. rush work will be
done.
Mr. Griggsby said:
There is no trouble to sell COM
presses at this time. They are i'm
great demand / have just today. by
wire, purchased a second hand Webb
compress for the price of $2s.000.O0.
This press was sold ten years ago for
$4,000 and 1t is to be moved from
one point in Louisiana to another and
a high density attachment to be
placed thereon, which will cost $751;
900 when installed at the new loca-
tion, with modern high density attach
ment"
Mr.. Griggsby said he would take
pride in furnishing a high density cot
ton compress to Pensa cola as 1t was
the only port on the gulf not equipped
with Webb compress. Much of the
cut-over land in West Florida and
Southern Alabama is too far away
from markets to be used for trucking
purposes and is not used so consid-
erably for anything as it is used for
cotton, and If this land is to be de-
cotton no doubt will be the
crop raised and that instead of less
cotton being raised from year to year.
the production of cotton will contin-
ually increase.
1 have received letters enough from
other cotton people and have assur-
ances from the shippers that If we
furnish the proper facilities for hand
ling the cotton very large amount
r. .Ixs
have the assurances from some
sources that sufficient cotton will be
furnished for the press to make it a.
cotton exporters in the world. antici-
pating continued congestion at other
gulf ports, will put their Alabama cot
ton here IL we equip with a high den
sity press.
have made a thorough investfga-
ton of this proposition from every
angle and the more information i Sc
cure, the more enthusiastic I become
in support of this proposition. It is
certainly a good ttising for this port
and this city"
w. W. Watson, a merchant. stated.
4 think the time has arrived when
the port at Pensacola should 20 for
: W declared
IN Europe, we were doing a rather
extensive export business in cotton
from this port, but exports, except in
certain lines ceased during the period
q war and consequently our excellent
harbor has not been used to any great
extent. We are all pleased that the
board has allotted to this
port facilities for trade with Europe
and believe we should make every
sffort to- furnish these ships proper
;arsoes SO they may be increased in
number, rather than decreased
realize that cotton is one of the large
items OF export from this section and
especially from this port and should
make up large part OF the cargoes.
am informed. however, by those
who are familiar with that Hne Of,
trade that in order to secure a large
amount Of cotton for this port, 1t il
necessary TO have high density cot
ton compress as one OF our facilflfes