COTTON WAREHC
PUBLICLY OWNED AND OPERATED
SES AND TERMINAL
CAPACITY 2.0 00.0OO BALES ANNUALLY-
ft.Jtacdn il <YI\vIA
—
STATE OF LOUISIANA
i BOARD-OF CQMMlS5K.>NjrR§^S
* ' or tHt.; ' :.o
M;« Q|£
(tariff of Charges
Cotton IBareltonscs ano (Terminal
FIRE PROOF STORAGE FOR COTTON
LOWEST INSURANCE RATES IN AMERICA
jBoarb of Commissioners of tlje Port of (Drleans
ERNEST M. LOEB, President
CHAS. D. O'CONNOR, Vice-President
WILLIAM O. HUDSON, Secretary
JEFF. D. HARDIN, Sr.
RUDOLPH S. HECHT
TILEY S. McCHESNEY, Asst. Sec'ty and Treas.
FORD, BACON & DAVIS, Engineers
F. PREVOST BRECKINRIDGE, Manager of Warehouses
NEW ORLEANS. LOUISIANA
SECOND PORT U. S. A.
\\\S
••• • • • • •
Ifoarft of Commissioners
of tlfC
|fort of JJeta ©deans
October, 1915.
The approaching completion of the cotton warehouses on the
river front is a consummation earnestly desired for many years.
These fire-proof facilities, modern in all particulars, mechani¬
cally equipped for most efficient and economical operation, ad¬
ministered and operated by public authority for public benefit,
should meet all requirements of the cotton trade and bestow
continuous and lasting benefits upon the Port of New. Orleans.
Concentration and reduced costs should enable New Orleans
to secure a greater percentage of the crop, and effect a distribu¬
tion of cotton to European customers from New Orleans rather
than from European centers, thus making New Orleans a deposit
market for cotton, and insuring to planters much better prices
than prevail at present when the entire crop is sold within a brief
period after production.
Cotton dealers may also store and hold to take advantage, on
occasion, of low freight rates offered by tramp steamers instead
cf depending upon shipments on through bills of lading.
Storage for 240,000 Bales has already been completed and
storage space for an additional 100,000 Bales will be completed
by March 1st. 1916. Two more units with a capacity of about
150,000 bales will be completed before the next cotton season.
DESIGN AND CONSTRUCTION:
The Board of Commissioners, before accepting the general
design, considered the latest types of construction in the United
States and abroad, and secured the approval of the New Orleans
1
Cotton Exchange to plans which embodied the latest successful
developments.
The available area is about 150 acres, and the present improve¬
ment, with yard trackage for about 2,000 cars, embraces about
100 acres.
The ratio of storage capacity to cotton handled annually is
about as follows:
Consigned Cotton 1 to 2y2
F. O. B. Cotton 1 to 5
Through Cotton 1 to 10
Composite 1 to 5.6
These facilities, on this basis, are capable of handling an
annual cotton movement of approximately 2,600,000 bales.
EQUIPMENT:
Within the terminal, there will be about 4y2 miles of overhead
and floor level runways for the accommodation of electrically-
operated trains for conveying cotton from cars and compress
to compartments, from cars to compartments to ships or other¬
wise as may be required.
Within compartments there will be traveling cranes, with
appliances for pulling, pushing and grappling, which are truly
remarkable in the extent to which they render service exceeding
any device previously employed.
Compresses of demonstrated efficiency, have been installed
at convenient positions and with a view to having every operation
mechanical. A high density press is now being installed.
In connection with compressing, a standard uniform patch,
distinctively representative of the Port of New Orleans and this
State-owned warehouse, is provided at small expense.
OPERATION:
The Board of Commissioners of the Port of New Orleans
(which embraces over 41 miles of available river frontage and 11
square miles of deep water harbor) is a body of five men, holding
office without salary. This public body will control the new
warehouses and terminal through an operating organization, the
manager and other officers of which were recommended by a
board composed of a representative of the New Orleans Cotton
Exchange, a representative of the New Orleans Board of Trade,
Limited, and a representative of the Board of Commissioners of
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the Port of New Orleans. No employee of the warehouse
receiving more than $75.00 per month can be removed except
for established delinquencies or inefficient service.
Samplers, weighers and inspectors are employed only on
recommendation by the New Orleans Cotton Exchange, but these
employees will be subordinate to the warehouse management.
Responsibility for sampling, inspecting and classing of cotton
passing through these warehouses is directly assumed by the
New Orleans Cotton Exchange. The Cotton Exchange, being
vitally interested in the product handled, thus has both influence
and responsibility; and, that certificates of cotton stored in these
fire-proof, State-owned warehouses will have a wide negotia¬
bility, the New Orleans Clearing House Association, the Federal
Reserve Bank and large banks in the North and East have
approved the form of warehouse receipt.
As the entire plant is public property, revenues will be only
such as are necessary to cover cost of operation, interest charges
upon a 5% bond issue, a sinking fund to retire the bonds, and a
small reserve for contingencies.
Operation of the plant, therefore, to its maximum capacity
may be reasonably expected to bring about reductions in the tariff
which is hereinafter stated and which will be in effect during the
first period of operation.
ECONOMIES:
The economy which will be most obvious and most universally
beneficial will come through a minimum insurance rate equivalent
to only about one-fourth the expense heretofore.
Past practice has involved duplication of certain services in
behalf of seller and buyer, and it is intended in these new ware¬
houses to render these services only once, and usually in system¬
atic order, reducing the cost to cotton dealers for receiving,
checking, tagging, sampling, delivering samples, inspecting,
weighing and marking, to about ten cents.
Cost of cotton dealers of compressing has been reduced from
fifty to forty cents.
Cotton is delivered to the warehouses from all railroads by
the Public Belt Railroad.
The tariff of charges shown on succeeding pages is that which
will be instituted during the present season. It is subject to
change in any and all particulars without notice, but interested
parties may be assured that earnest efforts will be made to render
all proper services at a minimum of expense, consistent with a
due regard for public property and financial conservatism.
On the last page is presented a summary comparison of past
expense with proposed charges.
3
of Commissioners
of tlfC
Port of New Orleans
TENTATIVE COTTON WAREHOUSE TARIFF
ALL CHARGES ARE PER BALE AND ARE BASED UPON
COTTON RECEIVED UNCOMPRESSED AND BEING
COMPRESSED UPON ARRIVAL
REGULAR STORAGE:
Cotton Received Uncompressed, Compressed on Arrival
and Stored
Storer Pays: cents per bate
(1) Storing for one month, or less 20
(2) y2-Tagging, Sampling, Inspecting, Weighing
and Marking 5
Total (Storer) 25
(3) (Extra Storage, each additional month, 8 cents)
Shipper Pays:
(4) Compressing 40
(5) J^-Tagging, Sampling, Inspecting, Weighing
and Marking 5
(G) Delivery to Wharf, Railroad or Team 15
Total (Shipper) 60
Total Charge 85
Note—(a) The above charges comprise: Receiving; Checking:
Furnishing tags and tagging; Inspecting; Sampling; Fur¬
nishing paper for and delivering samples to Cotton Ex¬
change; Issuing warehouse receipt; Compressing; Labor for
standard patch; Storage for one month or less; Weighing;
Furnishing weight certificate; Marking; Delivering to
wharf, Railroad or Team.
4
Note— (b) As the routine operation of the warehouses provide
for all the services of Note (a) in systematic order, there
will be no deduction in the charges for the omission, under
instructions, of any of the items.
SHORT STORAGE:
Cotton Received Uncompressed, Compressed on Arrival
and Stored
If Consignees wish to avail themselves of "short
storage" and give notice before arrival accordingly
Storer Pays: cents per bare
( 7) Storage for 5 days or less 5
( 8) ^-Tagging, Sampling, Inspecting, Weighing
and Marking 5
Further Storage—First Month:
(9) Gth to 10th days, inclusive, or part thereof.... 5
(10) 11th to 15th days, inclusive, or part thereof.... 5
(11) 16th to 30th days, inclusive, or part thereof.... 15
Total (Storer) 35
Shipper Pays:
(12) Compressing 40
(13) ^-Tagging, Sampling, Inspecting, Weighing
and Marking 5
(14) Delivery to Wharf, Railroad or Team 15
Total (Shipper) 60
Total Charge a 95
REGULAR STORAGE:
Cotton Received Compressed and Stored Compressed
Storer Pays: cents per bale
(15) Storing for one month or less 30
(16) J^-Tagging, Sampling, Inspecting, Weighing
and Miarking 5
Total (Storer) 35
(17) (Extra Storage, each additional month, 8
cents)
Shipper Pays :
(18) ^-Tagging, Sampling, Inspecting, Weighing
and Marking 5
(19) Delivery to Wharf, Railroad or Team 15
Total (Shipper) 20
Total Charge 55
5
Note—(c) The above charges comprise: Receiving; Checking;
Furnishing tags and taggings; Inspecting; Sampling; Furnish¬
ing paper for and delivering samples to Cotton Exchange;
Storage for one month or less; Weighing; Furnishing weight
certificate; Marking; Delivering to Wharf, Railroad or Team.
SHORT STORAGE:
Cotton Received Compressed and Stored:
(Sold F. O. B. Terms)
A combined "short storage" rate may, by giving
notice before the arrival of the cotton, be obtained,
as follows:
CENTS PER BATE
(20) Unloading, Checking, Furnishing tags and tag¬
ging, Inspecting, Sampling, Furnishing paper for
and delivering samples, to Cotton Exchange,
Storage for 5 days or less, Weighing, Furnishing
weight certificate, Marking, Delivery to Wharf,
Railroad or Team 40
Unless otherwise specially provided, Item (20)
above will divide as follows:
28 cents Storer's Charge
12 cents Shipper's Charge
Further Storage—First Month:
(21) 6th to 10th days, inclusive, or part thereof.... 5
(22) 11th to 15th days, inclusive, or part thereof.... 5
(23) 16th to 30th days, inclusive, or part thereof.... 15
Total 65
SPECIAL STORAGE:
Compressed Cotton in Round Lots:
CENTS PER BALE
(24) For Receiving, Storing for one month and De¬
livering to Wharf, Railroad or Team, in lots of
50 bales or more 40
To secure this rate, notice must be given in advance;
a warehouse receipt will be issued for each lot
only, and the entire lot must be ordered at the
same time.
SPECIAL ITEMS:
CENTS PER BALE
(25) Weighing, when unpiling and re-piling, or other
labor not necessary (Additional to regular charges
previously stated) 5
(26) Sampling and Inspecting, when unpiling and
repiling, or other labor not necessary (Additional
to regular charges previously stated) 5
(27) When Inspecting, sampling and / or weighing
is either supervised or performed by owner,
an additional charge to those stated above of.... 5
(28) Removing from Warehouse for Inspection,
Sampling or Weighing, and Replacing in Storage 10
(29) Compressing or Re-compressing to high den¬
sity (By special arrangement)
(30) Re-compressing Damaged Bales, including
Trucking 50
(31) Furnishing and Placing Additional Bands at
time of Compressing, each 6
(32) Standard 3-pound Patch, on Sample Hole,
furnished by Warehouse, charged to buyer 15
(33) Marking Second Side 2
(34) Removing Tags 1
(35) Skidding for Drying Out 8
(36) Cotton Returned from Ship or Railroad, and
Re-delivered to Wharf or Railroad (including
Storage for 10 days or less) 30
(37) For Transferring Ownership of Record, where
no physical operation is involved (payable by
transferee who will be credited with unexpired
storage time of transferror. In other words,
storage time will be reckoned straight and "first
month" not begin anew with each successive
owner) 10
(38) Cotton Stored Uncompressed will be charged
15 cents additional to Item No. 1, for extra
handling and extra storage room, and 5 cents
additional to Item No. 3 for each succeeding
month.
(39) Marking more than four letters will be charged
y2 cent extra for each additional letter.
(40) Branding (Brand to be furnished by Shipper) 1
(41) Cotton ordered out and ranged for inspecting,
sampling and / or weighing by the owner and
not ordered shipped the same day 20
7
(42) Sampling cotton on both sides (additional to
regular charges previously stated ) *
(43) Vd cotton ordered out. tor delivery and sample
taken down to office for classification, inUafck
iuv cotton restored (charged to buyei) — lfJ*
GENERAL RULES AND EXPLANATIONS
(a) Services not provided for above may be specially arranged.
(b) Unless otherwise specially provided for, storage will be
charged to owners up to and including the date of trans¬
fer on transfer book of the warehouse.
(c) Shippers, Factors and Owners will be responsible for proper
covering according to Federal laws of the United States.
(d) Due notice must be given to Warehouse and arrangements
made for contract deliveries.
(e) No telephone orders will be effective in connection with
delivery, transfer, shipment or other physical movement
of cotton.
(f) Owners of cotton shall protect the Warehouse according
to rules adopted by the New Orleans Cotton Exchange,
applying to shipments.
(g) Storage will be charged on all cotton not moved from the
Warehouse after being ordered out.
(h) Thirty days (exclusive of date of arrival) will be con¬
sidered one month, and, in all cases, unless specially pro¬
vided otherwise, straight running time will be charged
without reference to Sunday or holidays of any kind.
Charges will begin, and time be reckoned from and in¬
cluding the day after arrival, that is, for cotton arriving
on Monday, Saturday will be the fifth day, and for cot¬
ton arriving on December 1st, December 31st, will com¬
plete a month, January 1st beginning another month.
(i) The charges hereinbefore stated as payable on arrival of
the cotton (customarily the Factor's or Seller's expense)
shall be paid before transfer on the warehouse records,
(j) The charges hereinbefore stated as payable on delivery of
the cotton from the warehouse (customarily the Buyer's
expense) shall be paid before the cotton leaves the ware¬
house.
(k) All parties desiring to authorize other parties to sign orders
or give instructions will be required to give written notice
to such effect.
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MEMORANDUM COMPARISON
Proposed for
Past Publiq
Charges Warehouse
Regular Storage Tariff on Consigned
Cotton, Uncompressed— cents per bale
Seller 33 25
Buyer 83/ 60
Total 116y2 85
Reduction 31/
Per Cent Reduction 27.0%
Regular Storage Tariff on Consigned
Cotton, Compressed—
Seller 58 35
Buyer 34^ 20
Total 92^ 55
Reduction 37^
Per Cent Reduction 40.6%
Short Storage Tariff on F. O. B.
Cotton—
Seller 29/ 28
Buyer 15/ 12
Total 44^* 40**
Reduction 4/
Per Cent Reduction 10.1%
Note—Above does not include insurance.
*Four Days Storage in Depot.
**Five Days Storage in Warehouse.
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New Orleans Cotton Exchange
New Orleans
EJ.61XHHY. -ts.otnr
W- P.STEY/A RT>/£# J r
H EX RY G- HESTER JTcrr t tv»'
H.W.KUNTZ,«jr «fc/r
May £2, 1915.
To the Board of Commissionsrs
of the Port of New Orleans,
Gentlemen:
At a meeting of the Board of Directors of the New Orleans Cot¬
ton Exchange held this day, the following was adopted:
RESOLVED, That the tentative Cotton Warehouse Tariff of Charges,
as submitted to the Board of Commissioners of the Port of New Orleans
by the Cotton Exchange Special Committee on Warehouses and Messrs Ford,
Bacon & Davis, ana adopted hy said Board of Commissioners on May £8th,
1916, be and is hereby ratified by this Exchange.
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