. Yearbook of agriculture . — 5 J3 O 3 - O -w a as 2 ft ^. Si o 2 ft ^ o t a ^ b£ ?2 « « ° 378 Yearhooh of the Department of Agriculture, 1921. where cotton may be deposited under conditions wliich en-able the owner to obtain money advance upon it until suchtime as he may desire to sell. Receipts of responsible ware-houses are considered among the best kinds of security. TheFederal warehouse act of August, 1916, facilitates the useof warehouse receipts by holders of cotton in financing them-selves while holding for favorable market conditions. Warehmises.—Warehouses for storing cotton have bee
. Yearbook of agriculture . — 5 J3 O 3 - O -w a as 2 ft ^. Si o 2 ft ^ o t a ^ b£ ?2 « « ° 378 Yearhooh of the Department of Agriculture, 1921. where cotton may be deposited under conditions wliich en-able the owner to obtain money advance upon it until suchtime as he may desire to sell. Receipts of responsible ware-houses are considered among the best kinds of security. TheFederal warehouse act of August, 1916, facilitates the useof warehouse receipts by holders of cotton in financing them-selves while holding for favorable market conditions. Warehmises.—Warehouses for storing cotton have beenbuilt at many local markets, as well as at the larger con-centration points throughout the South. (See Fig. 36.) InArkansas, Oklahoma, and Texas, where much of the cotton iscustomarily marketed as soon as it is ginned, and is shipped. Fig. 37.—A modern concentration and export warehouse of ^^(mi^;Iow-burningconstruction. The \Yide courts are for receiving from cars and for deliveryto the compress in the hackground. The hose houses are located betweenthe buildings. directly to the mills or exported, there are comparatively fewwarehouses, except at concentration points where the cottonis held by merchants. The same statement applies generallyto Tennessee. Mississippi, and Louisiana. In the EasternStates warehouses are usually accessible to the farmers. Grading Cotton. The value of cotton to the consuming mills is measurednot only by the length, strength, and uniformity of the staplebut also by its color and by the amount of foreign materialthat it contains. While in the wild state species of cottonare found with fibers of a variety of colors, the principalvarieties of commerce, with the exception of a few, such asthe brown Egyptians, are of a creamy or pure white color. The Cotton Situation. 379 Seasonal conditions
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Keywords: ., bookcentury1800, bookdecade1890, booksubjectagriculture, bookyear
