The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-06-12
The Cotton Convention.
Photographed to the Bulletin

ed assistant secretaries. } W. LathrOp OF
Savannah, chairman of Con mittee on Per-
manent Organization, reported in favor OF
permanent organization to he know n as the
National Cotton Exchange: present officers
to hold over for twelve months
The committee recommended the tOrma-
ton of Exchanges all over the country.
Exchanges representing net receipts of
$4,000 to lOO,O0 bales yearly, to have one
delegate and one vote in the General Con-
ventiOn, with an additional vote for every
| 100000 bales, and Exchanges representing
over SOC, 600 bales to he entitled to two del
egates, with one vote for every 100000 bales
represented
The report was amended, on motion Of
Z. w. Rowland, of Cincinnati, by adopting
as basis of representation, that each Cot
ton Exchange handling $4,000 bales or more
he entitled, in the National Board, to two
delegates, and those exchanges handling
more than 100000 bales be entitled TO all
additional delegate for each 100000 of add-
tional receipts.
The report, as amended, was adopted.
B. p Baker, of New York, moved to APP
point a committee to draft constitution for
the government OF the National Cotton EX-
change, to report at the next annual meet
ing. Adopted.
John Phelps of New Orleans, President of
the Convention, chairman of the Committee
on the Constitution, and John Watts, OF
New Orleans, chairman of subcommittee,
report through ChaS. IL. Easton, of New
York, chairman of the Committe tee Oh lnfOr
nation and Statistics, as follows:
| We recommend the several cotton ex-
changes OF the South to send to their cores
pondents in the country an uniform series of
| lnterrogatories. commencing on the LIST OF
May and ending on the LIST of November Of
|
dition, cultivation and gathering of the cot
ton crops. and that the answers to
such questions be closed and mailed
not later than the 18th of the month
on which sent, and that each
exchange shall compile such answers by
average aud that such compilation shall he
sent to the Central Exchange, which the
committee recommend be the New Orleans
| Exchange, on the 25th of each month, and
that the New Orleans Exchange shall issue
| theretroin Il general crop report under the
supervision of the Committee on InfOrlna-
tion and Statistics.
The Norfolk Exchange shall report the
condition Of the crops in Virginia aud GER
tain counties in North Carolina.
| The Wilmington Exchange shall report
North Carolina, and Charleston shall report
South Carolina. Augusta and Savannah
Exchanges report Florida and Georgia.
The Mobile Exchange shall report Ala
bama rs far north AS Summit and certain
counties in Mississippi. The Nashville Ex-
change shall report Middle Tennessee, east
of Tennessee River. and certain counties of
Alabama. The Memphis Exchange shall
report Tennessee, east of Tennessee River.
and certain counties in Mississippi aud Ar
kansas, north of Arkansas River. The st.
Louis Exchange thall report Missouri, kan-
sas, Illinois and Indian Territory.
New Orleans 20 report certain portions OF
Mississippi. all of Louisiana, and Arkansas
south OF the Arkansas River: Galvesto., to
report Texas.
The report recommended that the interior
to Nns named therein give every Friday at
noon the receipts of cotton, gross and net,
and shipments for the week, also stock on
hand. All receipt to be considered net
when not coming from some OF the certain
interior towns named in the report.
And it is further recommended that the
rain fall and average temperature be kept,
the Interior specified, and telegraplIed every
Friday to New Orleans. Each Exchange is
to collect quarterly from the mills located
in the district to it for crop reports, the con-
sumption and stock on hand, and returns
are to be made t" the New Orleans En-
change, or the point selected for all other
reUOrts.
VIM. L. Whtlock, of New York, Chair
man of the Committee ON Domestic and
Foreign Bills Of Lading, recommends that
this Convention advocate the requirement,
by the shipper, from all masters Of vessels
and transferring agents, the entire number
of all bills of ladlng signed for any par
ticular shipment specified in the body Of
the same. Copy of bills of ladiug thus OBJ
:ained to be handed to the captain or agent
and indorsed negotiable. Adopted.
The same committee submitted report
on the subject of reclamation for false and
frandnlently packed cotton, and claims
thereon are to be defined as follows: Such
bales as may contain any foreign substance.
water packed bales containing damaged
in the interior, without any indication OF
such damage on the exterior of the bales,
and such bales as are plated. or composed
of good cotton upon the exterior and of de-
cidedly inferior cotton in the interior of the
BALE in such manner as not to be selected
without opening the bale. Forms OF irregu
larities in the packing Of cotton, applicable
to all places for its distribution, are APP
pended to the report.
The committee recommend that copies Of
certain certificates be forwarded to the
European markets, as these adopted by the
National Convention of the Cotton Ex-
changes, ana Inat. hereafter, cltl1IlS Ior raise
or fraudulently packed cotton mnst conform
to them, otherwise they will not be recog
nized. The report was adopted.
w. l.. Trenholm, of Charles on, chairman
of the Committee on Country Damage and
Uniformity in Bolls, recommended that %
committee be appointed with authority to
confer with the Liverpool Cotton Exchange
Brokers' Association and the Liverpool Ship
OWE Association, and all similar associa-
tions with a view to the establishment of
just rules. AS greater attention to the proper
baling of cotton is requested, he suggests the
following standard:
Cotton to weigh four hundred and fifty 20
five hundred pounds to the bale; press
boxes to he constructed of the following
dimensions Length, tour feet six inches,
width two feet three inches; six ties to the
bale.
The committee having considered the
communication from the Galveston Ex-
change to the New York Exchange. and by
the latter body laid before this Cunven ton,
recommend the adoption oi Resolutions arg