Pine Bluff daily graphic., 1919-11-23
HOW GOVERNMENT
 PLANS TO FURNISH
 COTTON QUOTATIONS
Sufficient Information on These Subjects Always Has Been
 Lacking.

WaSnlnStOn, D. S., ANo'' ~S' A0 give to producers and others mfor- nation regarding actual cotton prices in their local or nearby im- portant markets, the bureau of mar ketss Uf the United States depart ment of agriculture is inauguratins a cotton price quotation service and will issue reports from i've lmpor- tant points in the cotton belt. Cot tonseed prices also will be covered.
 Tke first report is to be issued from Memphis, Tenn, for the dis trict immediately surrounding that point; other reports will follow from district headquarters at Atlanta, Ga; New Orleans, La.; Charlotte, N. C.; and Dallas, Texas, for the territory immediately surrounding each of those points.
 In announcing the price quotation service for cotton, the bureau of markets states that producers and even dealers interested in cotton have always lacked sufficient reliable in- formation as to the actual market values of the different grades of cot ton in the various primary markets and concentration points in the cot ton belt. 4 recent amendment to the United States cotton futures act pro- vided authority and funds to enable the secretary of agriculture to inaug- urate a quotation service which would furnish producers and others the needed information, particularly in view of the fact that, as result of the amendment, an important out let for ten of the lower grades of cotton which had previously been de- liyerable on future contracts had been closed. The closing of this out let for these ten low grades of cot ton has emphasized the need for a quotation service of the kind which the government is now establishing.
 Gathering of Reports.
 Reports of purchases and sales of cotton will be gathered from country buyers, country merchants, dealers, brokers, commission merchants, fac- tors, mills, and others who buy or sell cotton in the important country mar kets and concentration points thru. out the cotton belt. On the basis or these reports, the bureau of mar kets will prepare and publish weekly bulletins showing the prices at which the various grades of cotton nave @ ac- fually been bought and sold. The n0lietln lkSQcu 1IOui VoSa oA sA'S a V district headquarters will show cot ton prices in a number of markets Tn the territory immediately surround ing or adjacent to the district head quarters, and it's distribution will be largely confined to persons in the district for which it is issued. No one bulletin will cover quotations for The entire cotton belt, and 1t IS h. tended that the bulletins shall be pre- nared in a concise readily under standable form and given such dis, tribution that they will be of local value to persons in the communities which receive them.
 Plan of Distribution.
 The information contained m the hulletin will be telephoned or wired st their expense to persons who re mot such service. The compiete Sulietins will be mailed to newspa, nerr. postmasters, federal, state ano connty officers in each district, se Sealers and others who furnish the ;rformation on which the sbulletins are - based, and to banks, cotton gins srchanges, oil mills, producers, ano ofhsrs who desire to have them.- Il - 4 -ernected that the information con ts;ned in the bulletins will be givel ,;despread circulation and will oe