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to the Pacific Coast for shipment. Another thing, when you order cotton out ahead of time and without letters of credit you naturally decrease your collateral on hand and the unpaid invoices on Saturday night, which included barter and escrow transactions, amounted to 1,109,000.00. Cash arrival invoices unpaid amounted to approximately $500,000.00. Naturally, the unpaid invoices decrease your collateral on hand and which invoices cannot very conveniently be used as collateral with the banks. It is necessary to switch collateral almost daily to keep the proper collateral with each bank.