Charles D Hutton

US Patent:

50635077, Nov 5, 1991

Filed:

Sep 14, 1990

Appl. No.:

7/582551

Inventors:

James D. Lindsey - Lubbock TX
Charles D. Hutton - Lubbock TX
Joe W. Tubb - Lubbock TX
Carol L. Shipman - Lubbock TX
Albert S. Kyle - Lubbock TX

Assignee:

Plains Cotton Cooperative Association - Lubbock TX

International Classification:

G06F 1540
G06F 1521

US Classification:

364408

Abstract:

A commodity trading system having a centralized computer and data base. Each commodity, such as a bale of cotton, is represented in the data base as a file having all the information unique to such bale, including a title flag. The title flag field of the file indicates whether the title to the cotton bale is carried by way of a card-type warehouse receipt, or electronically. The electronic representation of title eliminates the transferral of documentary type title which is traditionally mailed to various locations to follow the trading transactions.

US Patent:

52853837, Feb 8, 1994

Filed:

Oct 15, 1991

Appl. No.:

7/777681

Inventors:

James D. Lindsey - Lubbock TX
Charles D. Hutton - Lubbock TX
Joe W. Tubb - Lubbock TX
Carol L. Shipman - Lubbock TX
Albert S. Kyle - Lubbock TX

Assignee:

Plains Cotton Cooperative Association - Lubbock TX

International Classification:

G06F 1520
G06F 1522

US Classification:

364408

Abstract:

A commodity trading system having a centralized computer and data base. Each commodity, such as a bale of cotton, or a block of bales, is represented in the data base as a file having all the information unique to such bale, including a title flag. The title flag field of bale record and block record indicates whether the title to the cotton bale, or block of bales, is carried by way of a card-type warehouse receipt, or electronically. The electronic representation of title eliminates the transferral of documentary type title which is traditionally mailed to various locations to follow the trading transactions.