Page:United States Statutes at Large Volume 39 Part 1.djvu/500

 SIXTY-FOURTH coNeRnss. sm. 1. cs. sis. 1916. 479 "Sec. 8. That in determining, pursuant to the provisions of this k°§s°¤•“d° °P°*¤*”· Act, what markets are bona de nslpot markets, the Secretary of rrémas or we- Agriculture IS directed to consider o y markets in which spot cotton mh" IS sold m such volume and under such conditions as customarily to reflect accurately the value of middling cotton and the differences between the prices or values of middling cotton and of other grades of cotton for which standards shall have been established b the _ Secretary of Agriculture: Promkied, That if there be not suflircient places, in the markets of which are made bona fide sales of spot cet- if ¤v¤=“&¤j¤k•¢¤ not ton of grades for which standards are established by the Secretary of S Agricu ture, to enable him to designate at least five sgot markets in accordance with section six of this Act, he shall, from ata as to spot sales collected by him, make rules and regulations for determining the actual commercial differences in the va ue of Sslpot cotton of the grades established by him as reflected by bona fide es of spot cotton of the same or different grades, in the markets selected and designated b him, from time to time, for that purpose, and in that event, Y. . . . differences m value of cotton of various grades mvolved in contracts made pursuant to section five of this Act shall be determined is compliance with such rules and regulations; » ~    — —- A "Sec. 9. That the Secretary of Agriculture is authorized, from ‘?{,"{,‘,,,'§,?$f{‘“;,,,, time to time, to establish an =gromulgate standards of cotton by r>¤¤¤¤1wi¤¤¤r. which its uality or value may e judged on determined,-mcludmg its ngrade, llength of staple, strengthaof staple, color  such other qu ties, prolplerties; andcondrtrons as 'may be standardized m practical form, w 'ch, for the purposes of this Act, shall be known as the_ M d ‘0flicial cotton standards o the United States,’ and to adopt prsssegaatiauaf. change, or replace the standard for any grade of cotton established _ under the Act maldng appropriations for the Department of Agri- 38Y;:}'4&§:p·256’ v°" culture for the fiscal gear endingLJune thirtieth, nineteen hundred and nine (Thirty-fifth tatutes at argc, two hundred and fifty- www one), and Acts sup lementary thereto: romded, That ang standard mum 'tmgu is of any cotton established and promulgtated rmder this ct liiuthe ’°"°°°°· Secretary of Agriculture shall not be c anged or replaced wi a. period less than one year from and after the date of the promulgation No mm. mmm thereof by the Secretary of Agriculture: Provided further That, sub- umn stm em year': sequent to six months after the date section three of this Act becomes "°“°* effective, no change or replacement of any standard of any cotton established and romulgatecl under this Act by the Secretary of Agriculture shall become effective until after one year’s public notice thereof, which notice shall specify the date when the same IS to Omcm ,m,d,,d, become effective. The Secretary of Agriculture is authorized and if-» ¤* directed to prepare ractical forms of the ofHcial_ cotton standards ' which shall be estalllished by him, and to furnish such practical forms from time to time, upon request, to an person, the cost thereof, as determined by the Secret of Agricuirture, to be paid by the person nesting the same, aiidy to certify such practical forms under the sealiodl the Department of Agriculture and under the signature of the said Secret, thereto amxed by himself or by some official or gmrgpyee of glgglllapartment of Agriculture thereunto duly authorized e said ret. y;‘Sec. 10. Thatidd tax shall be levied under this Act on any con- ,_,,,°‘}'g,‘{,‘{°,_"' "°* """ tra? of rilalefmentiioiied in sectiplqi three hereof, if the contract comply wit eac o the o owing con ons: _ h;‘I;&irSt. Conform to the rules and regulations made pursuant to ,,,_°“"°"‘“*“‘°°'°*"* t 's ct.. "Second. Specify the grade, t, sample, or description of the "' cotton involved in the contract, Hf price t§r pound at which such cotton is contracted to be bought or sold, date of the purchase or salsa, and the time when shipment or delivery of such wtton is to be m e.