The standard telegraphic cipher code for the cotton trade

318 Pages·2010·11.65 MB·English

Digitized by the Internet Archive
in 2010 with funding from
Duke University Libraries
http://www.archive.org/details/standardtelegrapOOshep

THE
STANDARD
Telegraphic Cipher Code
Cotton Trade
[COPYRIGHTED.]
ARRANGED AND PUBLISHED BV
ALFRED B SHEPPERSON,
COTTON EXCHANGE BUILDING,
NEW YORK.
1881.
Copyright by
AiFRED B. Shepperson.
iS8i.
—
INSTRUCTIONS
TX^IS COI3E.
ET-OPL XJSIISrO-
It is of the utmost importance that all cipher words should
be writtencarefullyand distinctly. Each letterof the word should
be so plainly written that it can not possibly be mistaken for any
other letter. Care should be taken to dot the "i's" and cross the
"t's." The letters a, o, n, and u, bear close resemblance when
imperfectly formed, and too much care can not be taken in writing
them. More errors in telegraphing in cipherarise from careless
writing than from all other causes
In writing messages, begin every cipher word with a capital
letter, and leave a little space between each cipher. This will
lessen the chances of mistakes by telegraph operators.
When it is necessary to telegraph inordinarylanguage,andthere
is fear of its being misunderstood, begin that part of the message
which it is desired should be read literally, with the cipher word
" Pinafore," which will be found on page 218.
Words to fill blanks in sentences must be placed in the order in
which they should be read, immediately after the ciphers for such
sentences, except where the sentences begin with a blank. In that
case, the word forthe blank will immediatelyprecede the cipher for
the sentence.
All quotations for "Future Delivery Contracts" sold in New
York and New Orleans are for basis of " Middling, American
Standard classification, any grade from Strict Ordinary to Fair, in-
clusive."
When orders, with a limit of time for their execution, are re-
ceived after the close of the market, the time will commence from
thenextbusinessday.
Orders to buy orsell will be understood to be foraccount of the
sender, unless otherwise stated.
In reports of purchases or sales, "foryouraccount" will be un-
derstood, unless otherwise expressed.
All orders sent by this Code to buy or sell for Future Delivery
will be with the distinct understanding that the purchases orsales
Bo ordered are to be, in every respect, subject to the By-Laws and
Rules of the Cotton Exchange of the market in which they are
executed.
When several orders are embraced in the same message, and
some of them are conditional, those which are unconditionalshould
be written first; and the conditions should always immediatelypre-
cede the conditional orders to which they refer.
Unless otherwise stated, Sterling Bills will always be understood
tobe drawn at 60 days' sight, and Domestic Drafts at sight.
Especial attention is invited to the Tables for giving quotations
(pages 60, 61, 97 to 100, and 246 to 257), and to the Firm Offer
Tables (pages 267 to 303).
Full explanation of the Firm Offer Tables will be found on page
271.
To express a price orquantity for which there is no "cipher" in
the Tables of Numerals, use two or more "ciphers," the sum of
which will—express the desired amount; for example, '^Applied,
Antidote" will be read, "26S2."
To qualify quotations, use the Tables on pages 15, and 22 to"2^4.
Examples: "^//^-w//" will be read "^ to /j,"^^'Attention"
to,\," "BroTVfter" "jS,, to i|^," ''BuciW '' to M-"
G 3
...
INDEX.
PAGES
INSTRUCTIONS forusing this Code 2
Advances 178, 179
Brokerageand Commission 200,201
Buying....Inquiries (chiefly about Spot Cotton) 116, 117
do. . .. do. (about Future Deliveries) 106, 107
do. . ..Orders and Instructions 124 to 128
J j do. do. for Future >..... 108to115,
( Deliveries ) 122 to 125
do Orders to buy and ship by steamer 119
do. ... do. do. sailvessel 120
do do. do. railroad 118
do do. for Future Shipment 121
. < Instructions about quality, staple, color,
( differences between grades, etc., etc . 129, 130
do Modification and withdrawal oforders, etc.. 131
do Information and Advice 132 to 136
J I do. do. speciallyabout|
i '* Futures" j 108 to 115
do Reports of purchases 137,138
do. ... do. do. of Future Deliveries.... 123, 143
do do. do. forFuture Shipment... 142
do do. do. andshipmentbysteamer 139
do do. do. do. sail vessel 14]
do do. do. do. railroad. 140
Charters of vessels 196
Ciphers forcorrespondent!,' names 304, 305
Classification and description 30 to 3;
Claims, Reclamations, and Allowances 170, 17
Commission and Brokerage 200, 20
Relating to the standing of parties, \
failures, collections, obtaining secur- >-214 to 217
S ity, etc., etc. )
Consignments 172 to 176
Crop Prospects....Inquiries in relation to 36
do ....Information in relation to 37 to 43
Crop Estimates....Inquiries and Information 44 to 46
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INDEX.
FACES
Date, Daysof the Week, etc 28,29
Decimals • 25
Exports 57
Firm Offers General Phrases, Offers, etc 258 to 266
do. AskingoffersforCottonforDomestic | 267
Shipment '
do. Asking offersofCotton forDomestic ) 268
Shipment '
do. Asking offers of or for Cotton for ) 269
Foreign Shipment by sail )
do. Asking offers of or for Cotton for | 270
•I Foreign Shipmentby steamer... )
do. ,..Explanationof Tableson pages272to303 271
To Buy or Sell, for Foreign or Do-\
do. mesticShipment by steamer(Price|. 272 to 287
in Cents or Pence) '
To Buy or Sell, for Foreign or Do-\
do mestic Shipment by sailingvessel>• 288 to J03
(Price in Cents or Pence) )
do, j ToBuyorSell(PriceinCents,Pence, )
< and Francs) )
Financial Drafts 202 to 206
do. Remittances and Transfers 207, 208
do. Money Market and Exchange 2og to 211
do. General Phrases 212, 213
Freight Market, Quotations, etc 193 to 195, 257
Future Deliveries....Inquiries in reference to 106, 107
do. Inquiries about the market for 58, 59
do. < Market with special reference
( to 60, 6i, 88 to 100
do. Market in Liverpool 59 to61, 98 to 103
do. Quotations for 88, 8g, 97 to 100
do. Quotationsatopeningofmarket..60, 98 to 100
do. do. close of market ...61, 98 to 100
do. do. since last report 61
do. j Orders and Instructions about
( Buying 108 to 115, 122 to 125
do. j Orders and Instructions about
i Selling 108 to 115, 155 to 158
do. Reports of Purchases. ...io3 to 115, 123, 143
do. Reports of Sales 108 to I15, 158, 167
do. Information andAdvice 108 to ill
do. General Phrases about II2 to 115
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.. :
INDEX.
PAGES
General Phrases •....226 to 235
Insurance. . . .Inquiries and Instructions 197
do Information and Advice 198, 199
Joint account operations 177
Letters 221
Limits... .AstoTimeandPrice(Cents,Pence,andFrancs) 144 to 147
Margins 18010183
Market....Inquiriesinreferenceto"Spots'and"Futures" 58, 59
do Present State of (opening) 60, 92, 98 to 100
do do. (closing) 61, 91, 92, 95, 98 to 100
do. .. do. (Favorable tone) . ...62, 63, 98 to 100
do do. (Unfavorable tone) . ..64, 65, 98 to 100
do. .. do. (Demand, etc.) 66 to 68
do do. (Stock, Supply, and Sales) 54 to 56
do do. (Feeling of Holders) 69
do. ... do. General Phrases 70,71
do. ... Cause of the State of 72 to 76
. 3 Opinion of present condition and future
( course of (Favorable) 77 to 79
J j Opinion of present condition and future
I course of (Unfavorable) 80 to 82
J ( Opinion of present condition and future
( course of (General Phrases) 83 to 87
. I With special reference to Future
I DDeelliivveerriieess 6c,61,88to100
do ....In Liverpool 98 to 105
do In Manchester 236 to 239
do In India and China 239
Miscellaneous 222 to225
Months. 27
Numerals. 8 to 14
do. for Future Delivery quotations 16 to 24
do. to qualify prices (by hundredths) 22 to 24
do. to qualify prices (by thirty-seconds) 15
Opinionofpresentconditionandfuturecourseofthemarket
Favorable 77 to 79
Unfavorable 80 to 82
General Phrases 83 to 87
Orders and their Execution....General Phrases 148 •
Percentage 26
Quantity and Grade Combined... .50 to 1,000 Bales ... 184, 185
Quotations... .Asking quotations for Future Deliveries. . 59
do do. do. Spot Cotton 240 to 243
do. ... do. do. free on board 240,241
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