500 AGRICULTURAL ECONOMICS 



FOR OUT-INSPECTION: 50 cents per 1,000 bushels, and 10 cents per 

 wagon load to teams. 



NOTE The inspection department shall, in no case, make a grade of 

 grain above that of the poorest quality found in any lot of grain inspected, 

 when it has evidently been plugged for the purpose of deception, or other- 

 wise improperly loaded. 



NOTE Wheat which has been subjected to scouring, or clipping, or 

 any process equivalent thereto, shall not be graded higher than No. 3. 



NOTE Spring Wheat, which if cleaned would be good enough to grade 

 No. i hard, No. i or No. 2 Northern, No. i or No. 2 Velvet Chaff, No. i 

 or No. 2 Durum, and all mixtures of these different varieties of Spring 

 Wheat that would, if cleaned, grade No. 2 or better, shall be given these 

 grades, subject to a dockage per bushel equal to the weight of the dirt, seeds 

 and foreign grain that would have to be removed by cleaning in order to 

 entitle the wheat to the grade given it. The dockage to be ascertained in 

 the customary manner by the use of sieves. 



NOTE The word "NEW" shall be inserted in each certificate of 

 inspection of a newly harvested crop of oats until the fifteenth day of 

 August; of rye, until the first day of September; of wheat, until the first 

 day of November, and of barley, until the first day of November of each 

 year. 



This change shall be construed as establishing new grades for the tunes 

 specified, to conform to the existing grades of grain in all particulars (except 

 the distinctions hereby established between the new and the old crop), 

 and shall apply to grain inspected from store for two months after the time 

 respectively above specified. 



NOTE All inspectors shall make their reasons for grading grain, .when 

 necessary, fully known by notations on their records. The weight alone 

 shall not determine the grade. 



NOTE All inspectors must ascertain the weight per measured bushel 

 of each lot of wheat inspected by them and report the same in their records. 

 JOHN P. GIBBONS, Chief Inspector of Grain 



158. THE MEANING OF "BASIS" CONTRACTS' 



SEC. 3. On contracts for grain or flaxseed for future delivery the 

 tender of a higher grade of the same kind of grain or flaxseed than the 

 one contracted for shall be deemed sufficient. All contracts made for 

 Wheat hereafter, unless otherwise specified, shall be understood as 

 for "Contract" wheat, and on such contracts a tender of No. i Red 

 Winter Wheat, No. 2 Red Winter Wheat, No. i Northern Spring 

 Wheat, No. i Hard Winter Wheat, or No. 2 Hard Winter Wheat, and 



1 From Rule XXII of the Chicago Board of Trade. 



