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CONTENTS.

Page.

IX

Complaints regarding classification of cotton---

Difficulties attending classification.

Methods of classification in New Orleans and in New York

Complaints regarding the character of the New York stock_

Evidence of overclassification at New York-

Inferior cotton deliberately forced into New York certificated stock

by cotton-exchange authorities ---

Objections advanced against certificate system in principle..

Complaints against New Orleans classification.--.

Difference between New York and New Orleans contracts.

Suggested improvements in classification ---

Proposed establishment of uniform grade standards_

Need of provision for rejection of weak-staple cotton.

['se of working types --

Methods of appeal and reclassification at New York.-

Proposed resort to arbitration for tinged and stained cotton.

Identification of individual bales at New York

Extension of New York certificate system to southern markets.

Complaints regarding range of grades deliverable on contract_

Wide range of grades at present deliverable---

Comparison of deliveries at New York and New Orleans.

Alleged mixing of grades for manipulative purposes.

Specific nature of spinners' requirements----

Arguments in favor of excluding low grades from contract delivery -

Suggested specific changes in range of contract grades.-

Specific contract --

Proposal for requirement of even-running deliveries

Suggestion of premium for even-running deliveries_

Proposal of a three-grade contract.

Practicability of two contracts.

Proposed adoption of low-middling clause-

Suggested restriction upon date of delivery

Conclusions

271577

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