Cotton trade guide and student's manual; a text-book for the American trade and higher institutions of learning, showing operations of the cotton exchanges in connection with spots and futures historically treated, also a brief history of the industry and its development, with numerous practical problems . Galveston per S/S Mongibello for Genoa, Italy. Insuredwith the Standard Marine, Lpool for £1600.^. =. for ac-count and risk of Sigg. Crespi & Co., Milan, Italy. ContractNo. 76. Freight at JO7I/2C per 100 lbs. Lpool Middling m/m staple. No claims for short weight, country damage, or dif
Cotton trade guide and student's manual; a text-book for the American trade and higher institutions of learning, showing operations of the cotton exchanges in connection with spots and futures historically treated, also a brief history of the industry and its development, with numerous practical problems . Galveston per S/S Mongibello for Genoa, Italy. Insuredwith the Standard Marine, Lpool for £1600.^. =. for ac-count and risk of Sigg. Crespi & Co., Milan, Italy. ContractNo. 76. Freight at JO7I/2C per 100 lbs. Lpool Middling m/m staple. No claims for short weight, country damage, or dif-ference in grade will be allowed, unless verified by, and sam-ples drawn and sealed in the presence of Boffito & Pedemonte, Genoa, Italy. SLTV 100 Bales Cotton, Less 6%Tare 52,544 ,152 Net weightIns. Cert. No. 526,43349,392 lbs. at c Freight on 52,544 @ IO71/2C 49,392 £1522 18117 13 46 $ @ 1405 4 10 REIMBURSEMENT By our 90 days sight Bill of Exchange, for your accountand risk on Banca Commerciale Italiana, Milan, favor ofClark & & O. E. In Case There Should be any ArbitrationPlease Notify Mr. W. P. Brown, Lpool. WACO, TEXAS, Nov. 15, & L. F. Cowan,Sec. & Treas. 296 BUYING SPOT COTTON ew o C is °-5 CO V I a°g J. BOOK IV. COTTON EXCHANGES ANDHISTORY OF COTTON THE ORGANIZED COTTON TRADE OFTHE WORLD, THE DEVELOPMENT OFCOTTON AS A PRODUCT, WITH DATA AS TO DIFFERENT TYPES. CHAPTER I. COTTON EXCHANGES. The word Exchange means Hterally to swap, barterone thing for another, give value for value—exchange acommodity for its equivalent value in something else—andwhen so used has a verb signification; but as used in thisChapter, the word denotes a place where business is trans-acted. To transact a business where commodities of one classare exchanged for another, more especially those pertain-ing to agriculture, it is quite essential and certainly pre-ferable, that a place be established most convenient to all,whe
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