, 1876-08-11

TRADE CONVENTION IN LONDON.
Lnspos. Aug. 1o.-E!ght American, three
Dutch, one London, and ei1 Liverpool 7"prese:esa.
tiycs of the cotton trade met In c1nytVt!on here
yesterday. Samuel Simpson 0f New OglcailH,
presided. lie stntctl tho Objects Of thc meeting as
declared in the resolutions OF the American. Ma
tinnas Cotton Exchunge inviting II. ". u. For
wood, Of Liverpool, inlorsctl tho objects Of Tho
meeting. ". I. ca1npbrll of New York, moved
TINT this conference recommend tho formation uf
an International Cotton Association, to pr0lnute
tho efficiency ami tu extend the usefulness Of tho
various asBoc!attons Of Europe and the un!tcd
Statcs, and to secure united anl harmonious ac.
tfon IN cunhfdorfng ttle various questions affecting
the agricultural, commercial. md manufacturing
tntcrcsa Of cotton, that tho welfarc Of tho cot
ton trade may be better protected nnd promoted.
The delegates brlng unablo tu blnl their re.
tpectlvu associations, lho resolution was With
4 resolution, offered by Mr. Reynolds OF Nor.
folk W., atatcA that 1t was the opinion Of this
conference thut tho present systeu, Of conducting
IL unsatisfactory, nilh TINT the cotton ItEoEcrs'
Astociatton 6e requested 10 appoint committee
10 considcr nne nlo,e e,'ciant n!eaNs Of assessing
allowances TO be tlialy cotton 10 b1 hnnEht and
considerable discussion.
Nr. Forwou4, Of Liverpool, moved that, IN the
opinion Of this conference, arlttratlons upon tlie
quality Of cntton AhuulA bc hased upon grade. and
that tic valns ahoula be liked according to tho
tho 90 opinien q Tits contsfencs, Liycrpooi.afawn
samples Of American cotton are. on nj average,
WORSE In appearances and consequently IN cnsH ny
one-hlxtcgnth OF penny 10 one,cghth Of penny
Ver ponnl. thun th6se drawn tn America heforo
the costvn ts compressed. and that scyercr prcs.
sire will fHrthcr deterlurntc tho class. Uhant.
motls3y adopted.
ssasl,su! smith, Of Liverpool, moved that. IN ths
up!niun Vt Ibis conference, II ~ desirable that COL
I'm ehnilll bD solu In America Rt ita net weight,
aiId that tho rartohn Exchanges III AnrsCA 1u tc.
4nrasra tn en4eny0r to Elso effect to this Eoeom-
snendatlun. Unani,nallhiy adopted.
Other resolutions wore nt1Uttea unanimously TO
tho effect TINT The KyhsGM Vt Kamrllng cHtin In
America rhul bo ihu Baynn III tho I.perpoul Ays~
tnm; tlat 1t In desirable tAt tho classification
oF AnurtrnA COTTON slollsl 6c nt!1rel IN Ill Era.
rrAH and American markets, AccHrtliny tu The
standards t0 he Furnished by Thu Liverpool AA%oci-
t!nn, to hs rAtfhcd by thH American National Tx.
changes; that the seseral Exchltges In America he
requested to npp0!nl inspectors tU certify tn thu
condition ut Al cotton exported lhat sufficient caru
IL not taken ly sh}prc.H In delivering caltan ut
Ltyerp0ul, which bluufl s amended, Hili! thAt iA
conference n,l 0nrn III! rxt duly to meet Ut L!yer-
1pul ut The call Of the United Association Of LIVER
pool AMI thu l.!veFpoo! Cottnn HrukcIs' Assuc!a.
lion, which are empowered to tnvitu delegates
f1nl.l tI,u American u1l EuEupcna Exchanges
NEW YunK, Ang. 10.-rho Executive Council Of
tho National Cotton Exchange 0f America met Ut
| tho Nuw Ynrk Enlton Exchange tu.tlay. The Ncc.
reiary presented ttu rep0rt fnr the I,ast year. Tho
meeting Is concurrent with tho luiorHatluual Cot.
ton Convention held !ts l.ondo!l.