248 COTTON 



although these two factors only are concerned with 

 commodity all others are aliens. Cotton should 

 be graded therefore with a view to consumption. 

 In selling cattle, calves and scrubs are eliminated 

 from high market grades, and surely the low grades 

 of cotton can be eliminated also. The contract 

 would act with more justice to all were it graded 

 in the contract from Fair to and including Low 

 Middling a reasonable change, and a fair one to 

 all concerned. 



All in all, the Cotton Exchange, like business. 

 is subject to gross misrepresentations. Much of 

 the feeling against it is due to ignorance of its 

 methods or to the prejudice that comes from having 

 had one's fingers burned. That it contains much 

 good there is no question. What its future will 

 be only time will tell, but with proper reforms 

 it may play a noteworthy part in the rich kingdom 

 of cotton. 



