8 BULLETIN 1124, IT. S. DEPARTMENT OF AGRICULTURE. 
Billing instructions on future shipment contracts do not have to 
be furnished until they are requested by the mills, which is usually 
some time during the month in which it is contracted to make 
shipment. Often, when the mills are in a position to do so, extension 
of time is given. On the other hand, if the mill is unable to fill 
the contract within contract time, the jobber or dealer frequently 
extends the same courtesy and allows shipment to be made at a 
later date than was originally agreed upon. The generally observed 
rule covering the period allowed for the furnishing of directions 
is that, unless otherwise agreed, all sales are understood to be for 
shipment at seller's option and that specifications on sales for im- 
mediate or quick shipment must be furnished at the time the transac- 
tion is closed. On sales for prompt shipment such specifications 
must be furnished within 3 days from date of the transaction. On 
sales for a longer period specifications must be furnished by the 
buyer within 3 days after demand by seller, and in any event at least 
10 days prior to expiration of the contract, whether such specifica- 
tions have been demanded by seller or not. 
As has been pointed out, the open orders on file with the jobber 
or wholesale dealer are filled direct in case conditions do not warrant 
the shipping of cars to holding points to be held for orders. In 
case the demand for transit shipment is poor and no immediate im- 
provement in conditions is expected, arrangements are usually made 
to have the shipments placed in storage warehouses, many of which 
are situated in eastern and western lake ports and large terminal 
markets. 
While storing is resorted to at times to avoid breaks in prices, 
such facilities are mainly used with the expectation that during the 
fall, winter, and early spring materially higher prices may be 
realized because of the increased demand during such periods for 
feedstuffs generally and because of the demands of the jobbers' trade 
during that period. 
In case storage is contemplated, arrangements should be made in 
due time to enable carriers and owners of warehouses to make the 
proper reservation. If such matters are taken up at the last moment 
it frequently happens that because all available space has been 
allotted no further requests can be entertained. 
The rates charged for loading and unloading, as well as storage 
charges of railroad warehouses at lake ports, are those in effect at 
time of unloading as per tariffs on file with the Interstate Commerce 
Commission. The handling and storage charges of private ware- 
houses are usually higher. 
The storage charges, as a rule, do not cover insurance, which must 
be provided by the holder. The insurance rate is comparatively 
low, as most warehouses have up-to-date fire protection. Policies 
may be written for individual shipments or one policy may take care 
of all goods in certain warehouses in one city to the extent of their 
declared value. The amount of the policy may be reduced from time 
to time at the option of the insured, according to the value of the 
goods shipped out of the warehouses. Not all of the warehouses 
offering facilities for the storing of feeds have agreements with 
carriers allowing the reshipping of such feeds at the through rate 
from point of shipment to final destination. To avoid payment of 
