New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-08-15
COTTON DEALERS CONTEETIOM.

SECOND DAYS SESSION OF THE NATIONAL COTTON
EXCHANGE
The National Cotton Exchange continued
its convention the Board OF the Equitable Life
Assurance Society yesterday. The following officers
were choseni
Pres,dent-John b. Laftte.
Wee Presdent-Wiam r. Campbell.
Ereeufire COuncii-W. W. Gordon. W. NJ Gwathmey
W. H. Gardner. W. NJ. scuter, w. NJ. Moody. s. l.. Tay
lor I. q. Jervy, Z. L. Dennis, L. f. Campbell.
The Executive Council then organized, and elected
Henry g. Hester secretary aud William G. Black treas
urer. Toe assessment for delegates was raised from
$50 to $40 a year. Upon the reorganization OF the
convention four reported the result OF their
labors IN considering the subjects before Them.
Committee No. recommended retaining the present
system of compiling The monthly crop and acreage
ports except that general cOnsOd dated repOr OF Tue
CONDITION. etc, be gwen In each district pay INK due re-
q unIsndsn room "bottoms" and q praires." Tley
50 recommend that the Memphis distrc be placed in
charge the Central Committee on lnforIna ION aud
Statistics III consequence the inability Of Memp to
furnish reports and that the entire matter OF reds
referred 10 he Executive Council, with the recommend
atiou that far practicable tue States be CONSOLE
dated. They also recommended tnat the attention OF
IN local committees b. called to the Importance OF fl
ing reports with the agent OF the Associated Press
IN their respective cities on the 9Th OF each month
Committee No. reported that the most feasible plan
OF securing nearly as possible, at least Dennaliy
information respecting the acreage OF cotton under cu
tiyatlOn, ana me piouuSt III caCh couS anu 81 ~
the Cotton States nat the constituent Exchanges ask OF
yove these duties upon the County Assessors or Re
of Taxes Ia relation to the extension OF the
signal Service IL recommended that special COM
mttee be appointed 10 prepare memorial 10 Congress
asking appropriation for TINS purpose Inc port of
Committee No next submitted, ana IN reference
10 The Central Committee of Arbitration suggested by the
New-Oreans Cotton Exchange, reported that AFTER due
consideration tn deemed tue appOln meat OF such
committee mpractcaDle. In reference 10 the express
charges upon cotton samples, subcommittee walled
nnon the Adams Express Company, and 1t was
learned that tue tariff cotton samples Is con.
troed by the Southern Express. Company. H. b.
Pant, superintendent OF tue latter company, being
on of town, ami alone able 10 make changes III the
rates. the commit cOlnncnutu thaI Tug SUBJECT DC
referret TO tue Ia We Council A taOuated state
ment was tnTnlsLe. 10 the Council for lis gndance
showing the rates paid u NewHJrE nom each OF tue
hef markets OF south under the taIlH OF the South
ern Express Company specially apphcaoie TO cotton
samples, and what Rates are cnArXed from the same
non on packages Of the same weight and class,
M follows: From New-Oreans to New-York, special
charge per 100 samples, %. by weight 9l oO 40 sam
MES 70 by weight 81 75i 300 samples. ~, ny Weght
So rs: 500 samples, Sl5. Oy We 10 20; l,oOO
samIles 800 by weight Sl2 90; a. &c same relative
rates prevail at other points o.,
ComnItt zee No reported that after careful consd
Grafton OF all the documents laid before IL, II
does not deem that any cOmpensa lug adVan-
tage cun be gained BY either buyer or seller through
me adoption OF tare cotton, and they passed re'O-
luton definitely postpone the subject IN reference
10 the of sX bagn they considered thh the Ma
tioual Exchange should concur, as appears tnh rules
o constituent Fxchhngcs discrl nluatluB against uhef-
charitable baggDg not properly UNDERSTOOD III tue
INFERIOR hence have been made use % Dy uesISuS per
sons for their dishonest PURPOSES. IessIutioh
,vas passed that all baggng which when wet stains
eo. ION, ami all fax Odg.ng Win uuIOtled Ut green
straw shall be cnusdf red unmerohantaO.e.
Tine reports OF Committees Nos = ana were adopted'
q nd the other two reports will Ut considered To-Day