Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1919-10-14
Low GRADE COTTON.
May Go to Europe In Large ouanti'
ties.

Arrangements are now being made
for the handling in foreign countries
of tremendous volume Of low grade
cotton, possibly 'as much as 100000
bales, according to a statement Issued
yesterday by j. Skottowe Wanna
maker, president of the American Cot
ton association. Mr., Wannamaker said
that he had been asked by the parties
who are interested In the plans to ap-
pear with them before a congressional
committee on the matter.
The prediction is made by Mr.. Wan
namaker that II the arrangements can
be perfected for the shipment of thrs
cotton abroad, it will bring the price
of cotton up at least eight or ten
cents a pound. 1t may take some time
to work out the details of tho plans, he
said, but he thinks that the obstacles
can all be removed and a way pro;
vided for the expectation OF the cotton.
"If these arrangements go through"
said Mr., Nannanaifer. ut will remove
from America In all probability thc
largest amount of low grade cotton
that has ever been handled under ono
transaction. Large bankers and for
eign manufacturers interested in this
proposition will meet in consultation
at the world cotton conference in New
Orleans next week and understand 1t
is their purpose to lay the entire mat
ter before the leading financiers OF
America for the purpose Of arranging
financial credits. The outlook 'or
handling this cotton Is extremely
bright. If the proposition goes through
it will result in tremendous rise In
the price Of cotton.
"I have a letter today from one of
the leading cotton men interested In
the proposition. He says that 1t Is OF
course an enormous proposition and
that there is q great deal Of red tape
to overcome. If. however, it can be
successfully handled 1t will bring the
price Of cotton up at least eight or ten
cents pound. The interest of the
American cotton association Is solic-
tied on account Of the fact that they
expect to name minimum price, also
an acreage to be planted, based upon
supply and demand. It will take some
time to work out the details Of the
proposition, but, II successful. the re-
suit will have a marked stimulating
effect upon prices"
Mr.. 'Wannamaker will leave Satur-
day for New Orleans to attend the
world cotton conference. He will de-
liver an address before the conference
on the subject, "It Is Necessary That
the Producer Should Receive a Profit
able Price for His Cotton" He is
chairman of one of the big committees
OF the conference.
Regarding the price of cotton, Mr..
Wannamaker said that special COM
mission of the leading spinners of the
world has been appointed to handle
the question at the conference. There
can be no question" continued Mr..
Wannamaker, that the price will be
higher than that since the War Be-
tween the States. The price must he
based on supply and demand. the price
of the manufactured product and the
cost of production. 1t will require
price of not less than so cents per
pound to increase the yield of Ameri-
can cotton. Unless the commission on
supplies. price and distribution reaches
joint decision around this basis there
will be a minority report"
Mr.. Wannamaker said that most en-
couraging reports regarding the prog
ress of the organization of the Ameri-
can Cotton association were coming in
from over the belt. Organization is
under way in every state. North Caro-
lima, he says, will have 100000 men,
bers He is anxious that the cam
paign in South Carolina continue with
full speed ahead in order that every
farmer merchant, banker and profess
sional man may be enrolled in the
membership of the association.