The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-05-03
SOUTHERN PUBLTC IJTTTLITIEs
pARKER AND THg ExonANaR ].

gAlsAE y AND ,'ltiE kAChANtlE
Grievances Stated By elie GreeaYIlIsI
Manufactures.
From the New York Journal OF Com
merce.)
The New York Cotton Exchange was
criticised yesterday for It's dilitory
tactics in bringing about needed re-
forms 81 q report presented to the
American Cotton Manufacturers az.
ISOLATION az the closing session of its;
eighteenth annua! convention held at
the Woldorf-Astofia! Lewis ~. PAR
ker Of Gneenyille, s. c., Chairman OF
the committee making the report, de-
claring that an exchange which re-
dectB the true value OF the cornmddity
iti, deals in Is an advantage to the
public, but that the exchange which
arbitrarily sfptes the ya1He or the CONS, j
modify without relation 10 the Iaw
OF SIMPLY and demand, and whose auos
stiolls are merely the result OF ma
nipulatire effect OF large operators
upon II. IS q curse to both spinner and
prndncar He SAID that such an ex-
change allonId and must be so regu-
lated as TO caInpel its quotations 60
coTrertly state the price OF the COM
modify on which it quotes, or falling
=. : exchange
shonid be- abolished. It was In tfliaI
1T lsirs Parker said. that the conn
lttee Viewed the lIew Y crl1 81 changes
and unless Its rules were so regulated
a4ce of It's pgoDer functions ii then
A.. -.fts. f1e
The New York Cotton Exchafge,g5 %
said Mr.. Parker, ehas either pilt mt,
execution or assured the execution
Hof some OF the feforIns previously
requested It is to be regretted. how
ever that the Exchange haa ft0f gone
further than Il has gone IN ahis sdi-7
eetion, and It Isl to be further sagref.s
ted that ttB progress In reform has
been SO slow and the Sraforn yielded
h1f lt spread out through SO great a
t4nEth of time ag TO not be OF tie fiji
result they shoal6 be. As often fIse-
ytopRiy expressed by this associaticn,
We believe that It would have bean
much tter if needed reforms could
have besti aecompl plishetl by the gol1nS
tdry action Of the New York cotton ax-
change After 4 d@lay OF many WEARS.
however appeal has been made for
C0ngressioaal action, and there Is i,si ~
aeEnrRuneB that EeRlliat To- "a : -.
had through Consresaio oaaI action
We recommend eifoE kl1s nres sa
f0f q mtninllln length 81 staple sskIclf
can be delivered upon al liffack and sf
ives With SUI 9Iise tt;;iat iy5 learned al
g he3 3sinE Ia pgesiingt gtott the aaiilie es
| Sion OF repreaenta ives ssf tile New
York cntteia exehat SO ss tS tie extent e
t-.s !. OF ii-5 inCiJ length IN
staple or even at tIuiess S1a :. inch
lengths in stepie Ind been delivered
on contracts on the hesexciiange, there
by depre eciating 10 q grsat degree the
1EilnIa halsls OF the contract and caiIs-
Ing injury to both producer and snffi-
tssr ald q benefit only to- the mahInu
1ator, who was using this Distributed
for personal gain II the sacrifice OF
yIls eslpmate business irterests OF
the country.
We believe il ach use of the Ma.
tbs. There has been prennnEaa
/ 1Rts;k ezcliailze has been Within recent
Ritisili the last three. months the pliIss
lleatipil on the RaTt Of tic New York
cotton exchange Of ite q eAt LLaf,a AZ
IFS contracts for del lIyesy ;inSIIon ti,,s
| the price Of the raw naaterial &c
times as much is two cents hsIoye tis
Price, sliHt the producer WAS ohtaifl-
ttig therefor Ia tie South ana siillg
tWe censB below the nfich balnz 5uaia
by the spinner FOR delivery Of 1t fo
Thin NAcesSari!E this laEs Iias.ss s.sszs.s
IinIlriotla % both spinner and pFoa
dueer end has had The eject OF mia
leading buyers os cloths SFid zivsng
tthep1 an eFroneOhs Impression OK chs
price OF raw material being used ffl
The colisunp Ion. None of Us like %
be. imp posed uiSoh asld &c Is mo- Il ne atiir1
al that the buyer OF e0t 0tto1 cloth Vho
| lcOnceiges from Quotatlotss sfd ~
York cotton exc change that tlil5. s,,ffce
of tlle raw material &c two cent Esssi
tl11ln II really is. shoeld light most
earnestly the payment OF nrifes d e.
eery to be secssrea 81 IN q snianer
10 order 70 make Hny sproi.s ID pro-
| iauetioiis
1llsese loyE prices on the New York
/ GOTTEN exc hangs We Behave I'd BE the
fsssss4t of ms fpulatioh "a tue pazt of
large efaEogH y ~ no s. =
The lteie York cotton exchknge a a.
I aeans of slepfessislg pfie on accoHsfl
fsarge permit nfD DsErhry an ees.
the QhilTetx d M sfn he e5 ton aisd
fites depressi the eizcs basis 81
qnotnti ti1ns: ne dapInr Conditions
.hrlder which large lspefatOfs esi,.
t9olie en Eaensppln tiais ii { Improper
- the eEchans epress c1llbn
! - s1sltze = q m
lAeF sa slIie ectaas price q ne
II EEEgsIs Il
ny affiife the internal We cite fn
iiis connetai6si fI.e ncsion of lafSe
sols on The ysss York eyckai
setieaily fanklnr corser Sd fiIe