Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-07-17
NATIONAL COTTON EXCHANGE.
Second Annual Convention of the Asse-
citation, which Meets al the Green
brier Sulphur Springs, ViF-
EIniR, Wednesday Next.
An Important AssembIaEe-List OF Cot
ton Exchanges that will be Repre-
senGed-TOpics for Discus
Eien-The Hemphis
Delegates, Ere.


Virginia, next Wednesday, the twenty
first instant, and promises, in import
ance to the cotton trade of America, to
exceed any assemblsge heretofore held
in this country. The attendance will
doubtless be unusually large, embracing
one hundred and twenty-five or one
hundred and fifty delegates, represent
ing every cotton market of any import
| ance in the United States, the secretary,
Mr.. John S. ToOf, Of this city, having
already received notification of the sp.
pOintment Of full list by the cotton ex-
| changes of New Orleans, Galveston,
| Mobile, Savannah, Charleston, Norfolk,
| Montgomery, Selma, Augusta, Column
| bus Georgia., Charlotte, Wilmington.
| Atlanta, Nashville, st. Louis, and Gin
| cinnati, while Memphis will be repre-
scented by Messrs. William A. Goodwin,
| s. NJ. Gates, W. w. Guy, A. J. r. Lam
dauer, J. T. Fargason, Louis Hanauer,
| and w. 3. Mallory, Mr.. John S. To0f,
| secretary of the Memphis cotton ex-
change, and also of the National cotton
| convention, also attends from this city.
| The Memphis delegation at present are
at various points 10 Virginia, except
! Messrs. Guy and Gates, VINO, with Sec
| rotary TJOf, leave this morning for the
place of meeting. \ circular, recently
issued by the secretary, and placed be-
| fore the various exchanges in the cOun-
| try, gives the following synopsis of top
| les already suggested by different ex-
| changes for discussion and censidera-
| ton in the convention.
TOPICS TO BE DISCUSSED.
l. To arrange for the securing of
monthly returns Of overland shipments
to spinners.
2. The establishment Of uniform rules
relating tO'reclamatiOn on falsely packed
cotton, with efforts to secure the adop,
ton Of same in fOreig1 markets.
3. That efforts be made to secure the
adoption of uniform standard of CLASH
ficatiOn in foreign markets, and prOvid-
ing that all SIZES of cotton in Europe,
by members of exchanges, upon firm
offers or for forward delivery, be made
on basis of American standards.
4, The establishment Of q board of
FILTRATION in Liverpool, composed OF
9alsTied experts, for settlement OF all
controversies arising from sales Of cot
ton upon firm offers or for forward deliv-
cry from United States ports.
5. Recommending that crop reports of
local and national exchanges be made
from April to December, inclusive, in
stead of May TO November, as hereto
fore.
6. Changing the day for rendering
weekly statistical reports, from Friday
to close of Wednesday,.
I. Recommending uniform system for
weighing cotton, and that all weighing
be Done by officially appointed and
sworn weighers. Also that all such
iCh haf no in, ba
avOcation, and shall give bond and Sc
curity for performance Of duty.
S. That such weigher shall not be in
terested, directly or indirectly, in cotton
st time of appointment or thereafter
during his eligibility.
8. Recommending that enlarged Wis
iting privileges be accorded at the diff
ferent local exchanges to members of
other cotton exchanges, when satisfac-
tory evidence be given Of good standing
at the exchange Of their membership.
10. That notice Of expulsion of MEM
bers at any local exchange be commu-
nicated to the secretary OF the National
cotton exchange, and that same be made
matter of record, and notice of same be
made to each local exchange.
IL. That shippers, when furnishing a
clear bill of ladiuF, ia order and cOndi-
ton, shall not be IiaUie for (sO-called)
country or exter0al damage.
IL That specific definition be given
of what constitutes mixed packed cot
ton, and the rights of rejection and re-
clamation be defined.
-. That the propriety and feasibility
of organizing an International cotton ex-
change be considered.
IA. The establishment of "bureau of
cotton statistics" with salaried chief
or superintendent, whose duty it shall be
to collate and circulate among subOrdi-
nate exchanges all statistical infOrma-
ton touching the planting, growth and
production OF the cotton crop of Amer
lea; the meking up of overland move
ment, southern consumption and total
crop figures; arranging and publishing
Of monthly (generaD crop reports, etc.
Is. Recommending monthly or semi
monthly count of stock in Liverpool,
instead of semi-annusIIy, as heretofore.
IS. That the National cotton exchange
obtain a charter from such authority as
may prove compatible with its proposed
usefulness and extended action.
II. Recommending that the relations
between the National and local cotton
exchanges represented therein be fully
defined, as also the authority OF the Ma
tiOnal cotton exchange in the establish
ment Of such usages as shall control
local cotton exchanges in rendering in
formation and statistics, and their in
dividual members in the traffic in cot
ton.
Is. Recommending that there be Te-
distribution OF territory assigned to local
exchanges at Augusta convention, for
purpose of obtaining crop information.
10. Prescribing the manner and meth
cd of correspondence between the differ
ent cotton exchanges and their CORE
spOndents in the interior, with the view
to securing information as to acreage,
condition, etc, as free as possible from
bias of every kind; to this end there
should be two correspondents selected in
in each locality-one planter and one
merchant.
20. Recommending the fixing Of a
standard Of weights for bagging and
ties, with the view TO securiDg the great
est economy consistent with safe pack
age.
81. The establishment of a uniform
system for the examination and delivery
of cotton after sale, leaving the time in
which delivery shall take place to be
fixed by the local exchanges, as that
should necessarily depend on local fscil-
tiles.
% Recommending inquiry whether
or no the classification Of cotton by in
surance companies as "extra" and
specially hazardous" is not unjust.
delegates are requested tn obtain COM
Parative losses on cotton with other
general merchandise since 1866
%. That investigation be made
whether or no the ten per cent. tax on
other circulation than national currency
is beneficial to the cotton Interests Of
the south
"Eohengrin."
Conway's London Letter to the Cincinnati
Commercially
And now we are having the charm Of
charms-ChTistine Nilsson as Elsa in
81 oh ~ TDhfa pnara brpnubf