Cotton: Its Uses, Varieties, Fibre Structure, Cultivation, And Preparation for the Market And As An Article of Commerce, Also the Manufacture of Cotton Seed Oil, Cotton Seed Meal And Fertilizers, With Especial Reference to Cotton Growing, Ginning, And Oil

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Either party to have the right to call for margin, as the variations of the market for like deliveries may warrant.
An original margin up to $5 per bale, to remain in the Trust Company until settlement of the contract, may be required by either party, provided demand therefor is made within twenty- four hours after the transaction. The party demanding orig- inal margin must also deposit an equal amount himself All margins are required to be deposited in a Trust Company or Bank.
The methods of i
...nspection and classification of cotton to be delivered on contracts for future delivery in New York are as follows : — CHAP. VI.] TIIK Xi:\V YOltK COXTKACT. 279 On the Ist September, 1887, the new plan, for the insi)ec- tion, sampling, weighing and classing of cotton to be delivered npon contracts for future delivery in Xew York, went into operation, and the following are its provisions as in force at present.
The inspection, sampling, weighing and classing of all cotton to be delivered upon contracts for future delivery is done under tlie auspices of the New York Cotton Exchange and under the supervision of the inspector-in-chief of cotton, an officer appointed by the Exchange to take entire sui)er- vision and direction of these matters.


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