The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-07-27
THE COTTON TRADE.
Movement to Oraanlze an American
Cotton Dealers Association.

Il ~@~C OA44OAAS ~ CIEl6A4EC Gil All
Cotton Dealers Association.
Hubbard, Price q Co, Of New York have
sent out circular inviting a meeting OF
the cotton trade at White Sulphur Springs
Va, Aug. IS, to consider the feasibility oil
forming am association 10 De known as the
American Cotton Dealers Association, 4"
whose object shall be:f
!. The adoption of such measures as shall
| afford 20 the shippers Of cotton a more
thorough and impartial examination and
adjudication Of claims Hrising under their
guarantee.
?. The adoption Of some form Of con-
tract Optional, however. in USE, which
shall be less in buyers favor than those
now enforced by the Liverpool and Bremen
Cotton Associations and similar organlza-
tons
3. The adoption ultimately Of some sys-
tenn of classification with regard to export
cotton that shall permit of the final de-
termination of its class on this side of the
water as is now done in the case Of grain
shipments, and so end the shippers liability.
4. The adoption of such a general scheme
OF Organization as shall enable the associa-
ton to enforce honorable and business like
dealing between its members; TO enact and
enforce measures looking to the good of the
entire trade; to take action upon questions
OF transportation, insurance, ETC., and
generally TO conserve, by the best means
available, the interests Of the entire Afneri-
can cotton trade.
The matter is one Of vital interest to the
cotton buyers and brokers In evcry market
IN this country. a well-known cotton
buyer Of this city said yesterday that it is
crying shame that the buyers and ex-
porters on this side should have to submit
10 tho treatment which they receive at the
hands of dealers on tho other side. In fact he
considered it downright insult to the cot
ton men here to say that those on the other
side know more about cotton than
those here who have the cotton under
observation from the time it comes above
the ground until it is on board the vessel at
the wharf for transportation TO the mill
Buyers here are constantly harassed with
reclamations from the other side, which
they claim are very often unjust and I'M
fair; more particularly as the buyer
has no redress for it, the decision
of the last buyer being final. 1t is growing
more so every year, end is abused more
than ever. There is great difficulty, the
local men say, in fighting single handed, be
sides the exporter runs the risk Of losing
future orders. IL Is a matter that almost
wholly concerns the buyor or broker and
TIE exporters who conduct the business
of buying cotton on orders, and they COM
plain of the increasing difficulty of con-
Quoting satisfactorily and profltably such
trades when guarantees of weight aud
grade are required to be subject to adjust
ment in foreign markets, aud entirely be-
yond the personal super vision of the shipper.
There are, they say, undoubted abuses exist
ing under this system. They also feel the
effects from the competition of unScrupu-
lous and irresponsible, as well as the inex-
perienced, dealers upon the reputation of
the trade as a whole, and they can accom-
plish nothing or obtain no redress unless
they have the united support of the trade
here