The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-05-07
Ca.ondelet Street Gossip.


| An important meeting of the directors OF
the New Orleans Cotton Exchange was held
last evening, the same resulting in the I'M
| animous adoption of the following resolu-
| tons:
Whereas, One of the chief objects for the
establishment and maintenance of a cotton
exchange is TO acquire, preserve and dis
scminate information connected with the
cotton trade s; and it is desirable in promo
ton of this object, that more enlightened
and systematic method than Is at present in
vogue here or elsewhere, should be adopted
and in the opinion of this EXehlnge any
and all improvements in :, the manner
method and character Of information OBJ
| famed for the benefit of the cotton trade i'll
! general should be made by and with the
advice and consent of all parties interested:
| therefore
| BE it Resolred, That we do cordially invite
each and ever, Cotton Exchange through
out the country to send representa-
tives to the city of Augusta, Ga on
the 3Oth day of June, 1874; there to
meet delegates from the Exchange all of
whom together shall form a convention,
whose business it shall be 10 adopt such
measures and recommendations as to them
shall seem best for obtaining prompt and
affecting the cotton interests, which are not
now sufficiently elucidated, and for the
general improvement of the present system
of information and statistics.
BE 1t FURTHER res0'red, That we recommend
each institution TO send, rs representatives,
their Superintendent, Chairman of Com
mittee on Information and Stats les, and Il
member additional, Who shall be chosen for
his ability in dealing with the questions to
arise /; and that an invitation be and is
hereby extended to the Commercial News
Departments of the Telegraph Companies
to attend in capacity of representatives and
members of the convention
Among the points which will probably be
brought before this convention are:
|. A more reliable and efficient system of
obtaining receipts at delivery ports.
2. More complete reports of the interior
movement, embracing places OF Importance
so spread over the cotton belt as to give u
comprehensive view of what may now be
termed the invisible supply.
3. Compilation of Southern consumption
with more accuracy.
4. Overlaid movement.
5. Compilation of total crop figures
D. DlNlSloIi ol crop dHu acreage reports
apportoning the labor SO that each Exchange
complies the facts relative to condition and
prospects of growing crop in sections imme-
mediately tributary to them.
Z. Meteorological reports.
3. Telegraphy.
a 9. The adoption of such measures as may
be deemed most expedlent for she encour-
agement of institutions similar to our own.
at all points doing sufficient cotton business
to justify the maintenance of an Exchange
We learn that letters were received by
the Secre AIRY of the Exchange from a num-
Der of the principle Exchanges, offering
hearty cooperation in carrying ont con
vention, if it should be decided to call one
This is certainly the most important step
that has been taken in the interests of cot
ton for years, and will, no doubt, be pro-
ductive Ct vastly beneficial results.
The New Orleans Exchange has gone the
right way to work, having appointed as its
delegates Mr.. John Phelps, the President;
Mr.. II. g. Hester the superintendent, and
Mr.. Harrison Watts, the Chairman of Com
mittee on Instruction and Statistics.