File:Cotton trade guide and student's manual; a text-book for the American trade and higher institutions of learning, showing operations of the cotton exchanges in connection with spots and futures (14783908655).jpg

Identifier: cu31924013862960 (find matches)
Title: Cotton trade guide and student's manual; a text-book for the American trade and higher institutions of learning, showing operations of the cotton exchanges in connection with spots and futures historically treated, also a brief history of the industry and its development, with numerous practical problems
Year: 1915 (1910s)
Authors: Miller, Thomas Southworth
Subjects: Cotton trade Cotton
Publisher: (Austin, Tex., E.L. Steck, printer
Contributing Library: Cornell University Library
Digitizing Sponsor: MSN

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ecays and mats into a lump, at the sametime affecting, to a greater or less extent, other cottontouching it. Cotton fibers have a great affinity for moisture, and thelonger they remain damp or wet, the greater the possibilityfor damage. Every time a bale of cotton gets wet, it shouldbe turned and dried if possible. Subsequent wettings increase the possibility for damage,a fact that emphasizes the necessity for drying the baleafter each wetting. Cotton will resist moisture and dam-age a long time if it be dried after receipt of water. A rain of one day or several hours on cotton will not re-sult in damage if it can be dried soon afterward, but ifcompressed while damp, or confined in closed cars andshipped any great distance in this condition, damage willaccrue. Compressed cotton damages quicker than the gin bale, be-cause of the close contact of the fibers under heavy com-pression. Cotton always begins to damage first under thehoops, or where compression is greatest. COTTON CLASSING 59
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60 COTTON CLASSING COUNTRY DAMAGE Country damage, as known in the Trade, has a two-foldmeaning: First, a bleached and soiled bagging withoutany real damage to the cotton; second, the bale coveringnot only shows weather exposure, but actual damage existswith the cotton. Apparent damage is recognized as country damage be-cause of the fact that the bales of cotton have bagging thatis bleached or soiled, giving evidence that the cotton hasbeen ginned for some time, and for the assumed damage,the Trade often penalizes the bale by discounting the cur-rent price. When demand for cotton is good, showing atendency to advance in price, the Discount may not be ap-plied ; but if cotton be offered freely on a declining Market,advantage is taken of the apparent damage, with a penaltyinflicted on the seller by reducing the price. A careful inspection of the bale will easily confirm theapparent damage or want of any. Actual damage to the cotton is indicated by the appear-ance of the bagging, as it sh

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