Salt Lake Telegram | 1926-08-13 | Page 13 | Lower Trade Unit Aids Small Cotton Growers

Lower Trade Unit Aids Small Cotton Growers CHICAGO Aug 11 AP To AP-To T give the small southwestern cotton cotton cotton cot cot- ton merchant and farmer a chance chanc to protect himself on the price o ohis of of his one small carload of cotton the Chicago board of at trade has voted voted voted vot vot- ed to cut to from to fifty bales bale the trading unit on the cotton ex exchange exchange exchange ex- ex change here Southwestern Interests advocatIng advocatIng advocating advocat advocat- Ing the change said that the grain grain- raiser was able to hedge Ms Isis stockwith stock with a smaller smaller monetary monetary value than the cotton farmer and the adoption of at the fifty bale contract has solved that problem cotton men sa say The Chicago cotton market es established established established es- es more than a year ago by bythe bythe the board of trade has grown stead- stead Ily ly During recent weeks the deliveries de- de liveries of cotton on Chicago contracts contracts con con- tr tracts have been larger than those of or either of at the other two older exchanges ex ex- changes Memberships in the exchange valued at more than have been purchased by fifty cotton men mostly In the southwest since crealon creation creation crea- crea tion lon of ot this futures exchange