Packing and Marketing of Cotton: A Study of Present Wasteful Methods and Certain Suggestions for Their Improvement (Classic Reprint) - Softcover

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Excerpt from Packing and Marketing of Cotton: A Study of Present Wasteful Methods and Certain Suggestions for Their Improvement

The merchant, who as a rule purchases for future sale, retains a liberal sample, which is given a mark or number corresponding to that previously attached to the bale, and which may be divided into several samples to accommodate prospective buyers. The bulk of the cotton is sent to the compress for recompression, and if not previously sold for delivery is stored at the compress at fixed charges for ware housmg, insurance, etc., the minimum charge being for one month. The warehouse facilities are very limited and therefore the bulk of the cotton awaiting sale and delivery is massed on the streets in so-called cotton districts, in inclosed areas destitute of covering, om' platforms at railroad stations and steamship terminals, some of which are covered in whole or part. By a roof but none of which is inclosed, so that the property is without proper protection. Recompression does not insure the bale not sold for delivery against further sam pling, with resultant damage to the covering and loss of cotton.

The custom of ulling samples is strongly intrenched, first, because of long usage; and second, because it is highly profitable to merchants and factors. Its continuance is naturally desired by those benefited. The buyer at points distant from production regards it with favor because the sample furnished assists him in determining the quality of the cotton or in confirming the judgment of his agent. The mer chant and factor and other intermediaries favor it because each sample pulled has intrinsic value. The aggregation of these samples at the close of the season forms a considerable portion of a bulk esti mated at bales. This has become known as the city crop, and its average annual value is placed at The income to individual middlemen from sales of samples varies according to the number of bales passed upon and pulled. The city crop is said to contribute largely toward paying running expenses of many busi ness houses that raise or pull it. The statement has been made that as many as 45 or 50 bales of cotton derived from pulling samples have been sold at the close of the season by an individual concern.

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