The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-05

ADopTIoHBY THE COMMITTEE or THE PRODUCE
EXCHANGE OF THE EIGHT REMAINING RULES


ADopTIoNBy THE COMMITTEE or THE PRODUCE
EXCHANGE OF THE EIGHT REMAINING RULES
TO GOVERN IT.
Yesterday morning, In the oalce OF the Board or
Managers OF the Produce Exchange, in Pearl street,
opposite TO the EXCHANGE the Grain Committee met
consider the eight remaining important rules FOR tho
government Of the trafnc In grain.
on April the HERALD published the first seventeen
rules, which at that time adopted.
The following the eight rules which were adopted
by the committee yesterday
RUIZ lsDeliveries OF railroad certificates of graded
grain on time contracts may be made two r. NJ
ass notice s f
his int ntion TO deliver and such notice may passed
no
on h s.
tender q higher grade Of tho Kind grain ,bsa hs
sds ' s so % the
quality that VII dePrsciss the value Of the other
the grain the boat ana a.s sapsrnsnd me sstus
inspect in and .ns
tend the delivery Of the s.ns from store into lighter
inspection which esrscsts shan Be- valid the ssms :.
" :ssd sn svng s s railroad
delivery delivered maturity o. contrast the
o On ar
ss y SHAH have y e s %
the delivery thereof. Modifying him promptly Of such pur-
chase
a e: y .s IL q % .
purchaser to sell IL the market any time during
and ,asn
o. .s Il q any
nent arising frcm action taken under this rule the
just disputed 'a
RyLs aHA1y holder Of railroad certificate Of graded
rendered may rsnspseson subject q sppss TO
ss % On Ss s so \ M e e. %
the holder Of the cerhcate lu sustained by reason
for damage ossssisnss sssreSy '''" y A''' A''
RULE on all sales purchases of grain to arrive
the right TO cali original margin Of 10 cents per Sushe on
Pc sS % q
y S &c Il such s CO sra
- may have been y the Finance Com
company shall be expressly objected
aS Or
company not objected 70. When margins called be-
The following IN SsDo.
IT e
party failing TO respond TO the call for margin When
70 Of IN bank o.
70 he ss So &
the same and receive Certificate o. oepost made payable
J. +. buyer :ss. s. sS.
GIN s.sisasn. supsrnsnSsn shall Endorse as the
amount due the certificate his signature, in
structsd by both parties to the In the
parties do to the due the agin
certificate. the same shall be submitted 70 arbitration FOR
final adjustment In OF the absence Of the Supern
endent the President OF the Produce Exchange abe
Chairman Of the Finance Committee shall act In his stead
under this rule This rule shall DO Its privileges
and restrictions by kule 10.
RULR 23Al ungvaded grain sold by any member Of the
Produce Exchange shall be weighed measured by dis
interested party, whose authority sach weigher
shall be conferred revoked by the COMMITTEES
Grain.
RUIZ -On all deliveries OF grain snoat sellers shall In
the cusoa Of half weighing Whore grain
Is measured other than by elevators and
Increased thereby incurred the buyers OF such
grain sh. incur all additional beyond the cussc
pay additional Of hsrbor towing In OF
the customary towing agreed by the joint commit
tee OF grain merchants and boat
RULE 25-Any party feeling himself aggrevcd by the de-
cson Of the Committee Grain in the Interpretation OF
these rus shall have the right OF appeal the Board OF
OF the Produce Exchange and change shall be
made in those rules unless by Of the grain trade
properly called at when shall constitute