Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1916-05-23
Atlanta Commercial Exchange
Put 1t There and Has Done
Some Other Big Things

Did you know, Mr.. Farmer, Mr.. Cot
ton Buyer. Mr.. Cotton Mill Owner that
Atlanta has been added to the list of
spot cotton markets officially recognized
by the United States government?
1t has, and the concern that put it
there is the Atlanta Commercial ex
change.
Not only has the exchange put At
lanta on the map as a spot cotton mar
ket, but it has added to the regular
features Of a cotton exchange the fea-
lures of a stock exchange and a provi-
sion and produce exchange, affording the
business men interested in these and al
lied lines of trade the first facilities of
the kind ever offered in Atlanta.
Starting on March 10 with thirty
three members, the exchange has grown
rapidly to a membership at the present
time of 100, and at the next meeting of
stockholders, to be held in a few days,
the membership will be increased to $50.
The officers of the exchange are as
follows:
President. Z. p. McBurney: first vice
president, Clyde L. King; second vice
president A. p. Coles; third vice lresi-
dent, w. L. Fain; secretary, F. L. Tay-
lor; treasurer, H. f. Watkins; superin-
tendent, j. Hope Tigner.
Directors: T. j. Brooke, Joseph
Gregg, Sr., Clyde L. King, S. A. Carter,
j. r. Ellis, Jr., Frank M Inman, Robert
A. Smythe. J. II. Taylor, George c. Spier,
William Butler, Lee Ashcraft, E. Q. Pom
der, f. w. Mckee, p. r. Lamar, E. P.
McBurney.
The exchange was the first to cstab-
oh Standardization a fiOnG
FOR Atlanta. Previous to the quotations
of the exchange, Atlanta was not
ranking spot market Cotton sold here
at whatever price the buyer could get.
Shortly after the opening of the ex-
change its quotations were officially
Recognized by the United States govern
ment and ii was furnished by the gov
crnment with a complete set of the gov
lernments official cotton standard
samples, for use in arbitrdting disputes
between buyer and seller as to grades.
The exchange sends ITS spot quotations
to the government every day, and At
lanta has been added to the list Of
eleven other officially recognized spot
markets in the country, these being
Norfolk, Augusta, Savannah, MonLgom-
cry, New Orleans, Memphis, Little Rock,
Dallas, Houston. Galveston and Boston.
In putting Atlanta on the map as a
been greatly aided by another powerful
factor-the new Gambler cotton ware
house. most modern in the world and
one of the largest. This warehouse al
READY has brought to Atlanta no less
than $1,75O,0OO worth of last years cot
ton CROP and will bring a much larger
portion of next years crop.
AS the result of the exchange and the
Gambler warehouse, several large spot
Atlanta in the last few months and
others Will be here for business when
the fall season opens.
The cotton board of the Atlanta Com
mercial exchange shows the days local
spot cotton quotations. the days local
receipts, sales and stocks on hand; and
shows the spot and future quotations
of New York, New Orleans and Liver
pool.
In the cotton products department.
the exchange has established local pack
ing standards and a local spot market.
! The board shows the local quotations on
cotton seed oil, cotton seed meal, COT
ton seed bulls and cotton linters, an6
shows also the spot and future quota
tions of New York, as well as the daily
sales in New York.
In the grain department, the eX.
changes board shows the quotations of
the Chicago exchange on wheat, corn
and oats, both as to spots and future
months, and the provision board shows
the Chicago quotations on pork. lard,
ribs and hogs, both as to spots and flu
ture months, and giving the days re-
ceipts, sales and supplies on hand.
The exchange also has board show
ing the New York spot and future quo
tations on coffee and sugar.
The stock and bond board shows daily
quotations on all important local stocks,
both banking and industrial and shows
daily quotations on 90 of the leading
| stocks of the New York exchange. The
quotations of stocks from New York