The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-12
NATIONAL COTTON EXCHANGE.
Important Meeting Of the Exchange Convenhon-
Reports as to the Production and Pack
ing Of Cotton and the Rules
for Buying and Selling.


The Cotton Exchange Convention met at eight
O'Clock
G. w. Cunningham, OF Savann nah, and A. G. Mills,
OF Galveston, were appointed Assistant Secre-
taries. and J. W. LathroD. OF Savannah, Chairman.
The Committee on Permanent Organization re-
ported In favor OF permanent organization, to be
known as the National Cotton Exchange, the pres
ent of1icers to hold over for twelve months They
recommended the formation or exchanges all over
the country exchanges representing net receipts
OF g. 900 70 100 900 bales yearly to have one dele
gate and one vote in the general Convention. with
an additional vote for every 100000 bales. ana
changes representing over 100000 bales to be
titled to two delegates, with one vote for every
loo, 900 bales represented
The report was amended, on motion OF Mr.. G. W
Rowland, OF Cincinnati, by adopting as the basis
OF representation that each cotton exchange
handling rs, 900 bales or more be entitled to two
delegates in the National Board. and those ex-
changes handling more than 100 600 bales be enti-
Tied TO an ADDITIONAL delegate for each 100000 OF
additional receipts. Tue report a. amended, was
Mr.. B. p. Baker, OF New York. moved the appoint
ment oil committee to draft constitution for
to report at the next annual meeting. Adopted
Mr.. John Phelps OF New Orleans President OF
the Convention, Is chairman OF the Committee on
Constitution. john Watts. OF New Orleans cnair.
man OF the subcommittee, reports through Mr..
Charles H. Easton o. New York, chairman or the
Committee on Information and Statistics as fol-
lows
We the several cotton exchanges South to
Of on e Of soe MONTH
On the LIST OF Nay and ending the st 81 No
ss sSa
18Th Of on ana nat
exchange shall compile such answers BY
sss q. on Na the h q
Exchange shall issue thereirom general crop report
e.; Ara : s;sIsIs; ScssS EzsSsnss ssaI
Exshsnse SHAH report Norm csrona cSarieson Ex
e ESda and FIX
5s:,ss Evss sss
ss nssi Aris%... as1S sSsn 70
s nSrs he Ennass e sSs
New Orleans Exchange report certain portions OF
a CSC ID 1 9spa n
Texas ne fepsrt recommends that the in.erlOr towns
eepts gre net shipments Tor Tor the
ra s o Sa a the s 70 &c con-
tain Int town; named n ne report L. Is further
spssisa and Ss sissfapSsd
ss .o nsw e @ X e e
to Sa c1Sp the On % and the
Exchange or to the point selected for all other
The report was read and adopted
mi;se fo;sIsa s!s e i Lam
BY the spp so All
q f ssas . aas fn 9s
sny nnr 81 Jpn s spsced n the body
nd & Captain or r. agent md dnas q be
captains COPY or agents copy; not to be negotiable
the same committee submitted 2 report the subject
and claims thereon. False and lraudulentiy packed
bales IN %soa
not es Ses e ' without s o sSsa me- Sas.
cotton are
% 70 ss e re that
as those adopted Sy the National Of
snt packed cotton must conform to them, Otherwise
s g aS
mittss on Country Damage and Uniformity IN Bales,
SS ssihcsy H. TssPsc ssSSS sse%
xerSoU % WE'VE e
the establishment 81 just rules Greater attention to
s
s s 81 ,9s 1. Dpss BE-
ieet SIX inches and width two feet three inches six ties
The committee having considered the communication
s. the and By e Sos S s1
ton the adoption Of resoutions urglag upon
ana
os y ne I sSa the
se s ss 70 shelter
Or "a i s
the Ssa ma to their
:sn'sa nsmoraIlzs their respective Legislatures
hsis regular e issSe ia.
sRss n s Be BE- 70
a. the IRON to the weather or
nf Of nf
Committee on Casslhcations. reported as fol-
lows
Wv, we the sdSpGn q Uniform Classics
the sandard american and that the
Ss;,ssaiss '"a meg is' p'ss {
that shall be the American standard. which shall be
based sypss sssSi.sSsd said come ne
grades Good @dalins nidGlns, low s m SiSMs
coed S. per set The committee further recommend the
Ing and that all cotton bought sold be weighed on
The Committee Of Experts win meet in Ne
The place and time OF meeting OF the next con.
vention is left to the o1lcers OF the Exchange.
The Committee on Teiegraphy submitted o re-
whole matter was referred to the offlcers OF the
National Exchange to negotiate Tor the transmits
sion Of commercial reports.
AT ten O'CLOCK tonight the Convention adjourned
The New York delegates leave in the morning
the others remain to inspect the canal and ac-
cept the Inequalities or the citizens at grand
banquet
A STEAMBOAT ACCIDENT
The Hudson River Boat Dean Richmond
Ashore near Livingston's Creek.