The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-09-20
TO SELL By NET WEIGHT.
THE PLAN GENERALLY FAVORED
BY COTTON MEN.

The Directors of the Cotton Exchange
Leave the Matter for the Exchange
to Decide-The Returns from Cotton
Covered With the New Bagzin9 to
Influence the Action Of the TX
change Largely-The Activity in Cot
ton-Savarnah Leads the Ports n
Receipts
The selling Of cotton by net weight was
discussed by the directors of the cotton ex-
change yesterday. 1t was decided that the
innovation Is too important for the direct
ors to rass upon, and they will submit the
question to q meeting Of the members of the
exchange Monday, Sept. 80. That date was
fixed upon so that President Blood worth
can be present at the meeting, as be left for
Philadelphia last night to be absent for ten
days.
The matter came before the direct
ors on the official notification
by letter from the secretary of the recent
convention Of cotton exchanges held
at New Orleans, that the convention had
decided that al cotton sholld be sold by
net weight on and after Oct. l, allowing a
tare Of twenty-four pou dS on jute.covered
cotton and sixteen pounds for cotton COW
cred with cotton bagging, and asking the
Savannah exchange to cooperate with the
exchanges repre,ented at the convention,
and sell no cotton at gross weight on and
after the date fixed by the co vention for
the new arrangement to 60 into effect.
PRETTY GENERALLY FAVORED.
While there is some divergence Of opin-
ion among members of the exchange as to
a rraa. .f
in the mid season after contracts have been
made upon the old basis of weight and tare
aIl,wance, and the price Of cotton has been
fixed by tue spinners on the jute ba0ging
wei ht, it is believed that the maj ,rity
will favor the new plan, and especially 50
II, when returns are III de of cotton ex-
ported in cotton bagging, the loss in transit
IS no. ID excess Of that shipped in cotton
covering.
Ii the cotton bagging is strong enough TO
stand the rough usage of loading and dis
charging, and does not lose in weight any
more than II Jute covering mad been used.
IL is believed that there will be little, If
any, opposition TO the new plan recon-
mended by the New Orleans convention.
The activity in cotton movements here is
the subject Of general comment Price
belng firm, planters are hurrying in their
cotton to the market, and as the weather
has been excellent for picking and also for
the cotton to boil out, the heavy receipts
are surprise to factors.
BIG INCREASE IN RECEIPTS.
Including yesterdays receipts the receipts
for the season are 25, 273 bales in excess OF
the corresponding period last year. Savan-
nah leads all the cotton p rts SO far il re-
csipts, being ahead of New Orleans and
Galveston in each Instance by over 6,OOU
bales
In addition to the cotton that has gone by
coastwise steam rs, the Kathleen sailed for
Liverpool a week ago with a cargo of 4,6OU
bales, and the PecOnIc and Royal Prince To-
Barcelona Will clear to-day, carrying in the
aggregate 10000 bales. There remain eighl
ioreig steamers in port loading or waiting
for cotton cargoes, and by the middle of |
next week as many more will arrive |
Eighteen steamers are up and bound for |
savannah for cotton now. Notwithstand-
Ing the large amount of tonnage in sight |
freights are firm and shippers are holding |
ON to all their room.
A prominent factor said Yesterday that |
nothing can now prevent good top crop. |
except frost, aud that ne does not look for. |
Frost, e said, is always predicted to cut |
short the yield Of top cotton, but it rarely
ever comes