Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1883-07-06
REGULATIONS Fos EoP SALES

The San Francisco Produce Exchange on
june 18th adopted the following rules 5egu.
lating transactions in hops amorg It's uem-
bars, and which viii be Of interest to all hop
growers, whether they permit these regula-
tions to govern them or otherwise:
Rule l. At the first meeting of the Board of Di
rectors, after their election, the President shall
Subject to the approval Of the Bosrd) appoint as
Committee on Hops five members of the San Fran
cisco Produce Exchange who are known TO be deal
ing in hops. 1t shall be the duty OF this committee
to properly discharge the duties imposed upon
them by these rules and also TO cons Ter and decide
all disputes arising between members dealing in
consuming or exporting hops, which may be sub.
mitted to them. As soon as practicable after their
appointment, the committee shall elect a Chairman
from their own body. majority OF the committee
shall constitute quorum; but the committee shall
fill temporary vacancies, if requested by either
party, by some member OF members representing
the same interest the absent member or MEM
bers; and decision Of majority Of those present
at any meeting shall be final except in case of an.
peal So much of Article XII OF the constitution
of the San Francisco Produce Exchange, adopted
August 3, 1877, not in conflict herewith Is made
the governing rule of this committee
Rule . All transaction in American hons between
members of the Exchange shall be governed by the
following rules, but nothing herein shall be con-
strued as interfering in any way with the right of
members to make such special contracts or condi-
tions they may DESIRE not in conflict with Rule 3
Rule 3. All hops shall be deliverable in merchant
able bales When certain num7er of pounds are
sold, number Of bales not specified, net weight shall
be understood.
Rule A. Any bale of hops weighing not less than
40 pounds, nor more than 205 pounds gross weight
shall be considered good delivery
Rule s. On all hops an allowance of seven pounds
per bale shall be made as tare. The sGcking shall
not weigh more than tweDty-f0ur ounces per yard,
and any additional weight OF sacking or needless
surplusage OF sacklng shall be considered irregu
lar and the seller shall be liable to the purchaser
for such excess.
Rule G. In the absence of any specific agreement.
the seller shall have the right 10 demand payment
at the time of passing title.
Rule I. Hops sold tor immediate delivery must be
inspected on the day succeeding the sale HOPS sold
for future delivery must be inspected on the day
succeeding the nctice of delivery.
Rule g. If, upon inspection, it shall be found that
any lot, part Of a lot Of hops shall not conform
with the contract the buyer shall take every bale
that does conform to the contract and he shall have
the privilege Of rejecting every bale that does not
conform to the contract.
Rule Q. Hops shall be weighed (unless otherwise
agreed upon) by city weigher, whose return shall
be taken as the correct weights of the bales
Welghers fees at the expense OF the seller.
Rule 10. When hops are sold to arrive and TO be
inspected dock, the buyer SHALL after Inspection
and order for delivery being given, assume the
same relations towards the transportation line by
which the hops arrived as the seller previously held
regards their removal from the place Of delivery
within the time granted by such lines for that pur
pose.
Rule IL. A car load of hops shall 5e understo,.s
to be sixty bales.
Rule 12. Whenever sales are made between mem
bers of the Exchange through broker who is not a
member of the Exchange, written memorandum
of the transaction is to be exchanged by the prnci
pals before the sale is binding.
Rule 13 Rules 3, and shall only apply to the
crop OF 1888 and subsequent crops.