274 DIE TECHNIK DES WIRTSCHAFTLICHEN VERKEHRS 
Strafe eingehoben wird) mittels transfer demjenigen, an den er 
die Ware verkauft hat, weiterzugeben. Vor Schluß des Settlement 
muß die transferable order wieder beim Aussteller eingetroffen sein. 
Nachstehend ist eine fransferable Notice der New Orleans Cotton 
Exchange im Wortlaut wiedergegeben. 
Transferable Notice 
A O’ClOCK, New Orleans, .... 
To Tom & Co.: 
Take notice, that on ........ we shall deliver you 50.000 pounds, 
in about one hundred square bales, of cotton, in accordance with the terms 
of our contract of sale to you, dated ........ at... cents per pound, 
We pledge ourselves to deliver on the day specified for delivery, to the last 
holder hereof, warehouse receipt or receipts, together with a written notice of 
grades or a certificate or certificates of grade (as provided in Rule 21 of the 
Future Rules), upon written notice by the last holder of this notice of the 
holding of same to us (not later than 4 p.m., except on Saturdays, and on 
Saturdays not later than 2 pn. m.) on the business day previous to the one 
herein speciefied for delivery of the cotton. This notice to be delivered to us 
simultaneously with our delivery of the warehouse receipt or receipts to the 
holder hereof. 
F. Ginner & Co. 
Conditions 
In consideration of one ($ 1) dollar paid to each of the acceptors, receipt 
of which is hereby acknowledged, it is agreed that the last acceptor hereof 
will, before 4 p. m. (except on Saturdays; and on Saturdays not later than 
2 pm.) on the. ....... day of........ give written notice of the 
holding of this notice to (F. Cinner & Co.), and on the... ..... day of 
‚* +++ +++. Teceive from (F. Ginner & Co.) warehouse receipt or receipts, 
together with a written notice of grade, or a certificate or certificates of grade 
(as provided in Rule 21 of the Future Rules) for about 100 square bales of 
cotton and pay them, on receipt of warehouse receipt or receipts, the full 
amount Of ........ Cents per pound therefore, settling with them on the 
basis of Middling, with allowances for variation in grade, as provided in 
Section 6 of the United States Cotton Future Act, existing on the sixth 
business day previous to the day which the delivery is due. It is further 
agreed that each acceptor hereof shall continue his (or their) Kability to each 
other for the fulfilment of the contract until this notice shall have been 
returned to F. Ginner & Co., and warehouse receipt or receipts for the cotton 
to be delivered received by the last acceptor hereof from F. Ginner & Co., 
<t which time all responsabilities of intermediate parties shall cease. 
Tom & Co. 
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