SERVICES IN COTTON MARKETING 39 
tion, railroad freight rates, cotton warehousing and compressing, 
the tariff, and fumigation of imported raw cotton and cotton waste. 
Regulatory measures should be definite, easily understood, and fair ; 
and they should be impartially and intelligently enforced. 
Cotton marketing requires the service of financing all along the 
route from the farm to the mill. Costs of ginning, transportation, 
classing, storage, compression, and insurance are immediate charges 
borne directly by either buyer or seller. The purchase must be 
financed, and the stocks must be " carried " from the time of harvest 
until ultimately required for mill consumption. This is usually 
accomplished by securing loans on warehouse receipts or bills of 
lading for cotton. In addition, both the grower of the crop and the 
manufacturer of the cotton goods require the services of financing. 
Cotton market information concerning demand, supply, price, 
functions and relationships of the several markets, personnel of 
buyers and sellers, cotton handling methods and facilities, finance, 
and insurance is needed by all in the industry. Much valuable in- 
formation on these subjects is available through public and private 
agencies and is disseminated by means of market reports, trade di- 
rectories, commercial papers, the telegraph, and the radio. Railroad 
and steamship companies, freight brokers, compress companies, 
chambers of commerce, and banks furnish valuable facts along 
special lines. 
Much has already been accomplished by cotton growers through 
efforts in the direction of cooperative marketing. 
