Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-05-26

BOARD OF TRADE MovExEST-Owing to
the increase in rents, the high price Of labor.
and the disorganized and unsettled manner
in which the grain and commission business
has been conducted in this city, the gentle
men engaged in this business have formed
determination to organize themselves into
Board Of Trade This movement is not,
as some might infer, for the purpose of
forming combination to keep down the
prices Of gram to figure disproportionate
with those Of Chicago and eastern markets,
but rather to fix the price so that dealers,
instead of doing business for the sake Of
having something to do-regardless Of profit
or loss, and consequently running up prices
on each other and virtually picking each
others pockets, can see a small margin in al
the grain they handle, and be the better
prepared, in case Of emergency, to weather
any unforeseen downward turn in the mar
kct
Pursuant to CALL the grain buyers and
commission merchant of our city met last
evening at the office Of E. c. Duncan, and
organized by calling }. r. Graham to the chair
and appointing f. C. Duncan Secretary.
The object of the meeting was stated and
a liberal discussion Of the question Of form
ing Board Of Trade revealed feeling ,lnan-
imously fayoring the plan.
On motion committee Of three, consist
ing of Teichmann 4 Co., Darlington 4 Co.,
and +. {. Duncan, was appointed to draft
Constitution and BY Laws for the govern
ment of the organization, to be reported at
the next meeting.
A committee of three, consisting Of Au
gust Stefien, E. Hickman, (of Hickman 4
Morrison,) and Mr.. Clarcnbach, (of Tcich-
mann & Co.. was also appointed, whose
duty it was made to meet every morning at
the office of the Secretary and arrange
schedule Of prices to govern buyers during
that day.
1t is also made the duty Ct the committee
on laws to wait upon each Of the grain
buyers and commission merchants Of this
city to secure, possible, their cooperation
in the proposed organization.
4 resolution was adopted restricting grain
buying limits to Western Avenue OH the
west, Sixth street, on the North, and the
Rail Road Bridge on the east.
The meeting adjourned to meet upon the
call Of the Secretary.
The necessity of such an organization has
long been felt in our city. In all other
grain markets Of this size, and even in those
Of less prctcntions, Boards Of Trade have
been found indispensable 1t is not the de-
sign or intention of this Board to SO COM
bnc and reduce the price OF grain IS to
drive the trade from Davenport Thai
would be worse than folly. Our dry goods
merchants, groccrS, etc, need entertain no
fears on that score. The grain merchants |
of our city are among our first citizens and |
deeply interested in the prosperity of all
branches Of trade, and would do nothing |
to injurc any legitimate business. |
They simply ask to live, and to live must |
have margin on what they handle. To ;
gain this they must govern this market by |
The Chicago market and not buy at hap-haz-
ard any longer In carving out their plans
we wish them every success.
the following items regarding the gold pros
poets in Idaho, from letter written by our
former fellow citizen James X Rhodes, to
his family here, dated Bannock City, April
9th, 1864
~ went out into the mountain last win
Ter. prospecting, got storm tied, staid there
ill spring, and have just returned to Ban
mock. We came near perishing. The wea-
thcr was intensely cold and stormy We
rot out of -four, and lived on deer meat two
months, without salt or pepper. 1t was
hard case. | have lahored hard here. |
ook some claims, dug four miles of bitches.
after whien the claim proved worthless. If
can make enough this summer to take me
back to California shall go there next fall
think can do better there for it costs all
A man can make to keep him here. Flour
is 40 cents per pound, potatoes and onions
the same, and everything else proportionatc-
y high
From this it would seem that Mr.. Rhodes
is not particularly pleased with the pros
pccts there.
\ letter received in this city from j. \.
LeClaire, states that he and his party ar
rived at Bannock safely, and that the min
ing prospect is excellent.
REPORT OF THE NoRrn-W WEsTERS CoMM1s-
SION FOR MARCH AND APRIL, 1s64.-The
above Report has been received, by which
We learn that the receipts Of the Commission
during the months of March and April, were
I, 125 boxes and packages Of Sanitary sup
md 4,444.57 in money. The shipments
Tor the same time were 6,157 packages,
which were sent mainly to Knoxville, Chat
Ianooga, Cairo, and other points down the
while the expenditures were
s14, 4,64S.64. Over $4,000 of this amount
we're expended for hospital supplies, about
$3.50 for clerk hire, fuel, stationery and 9TH
er office expenses, while the balance went
for purchases for the Cairo Soldiers Home. |
lrayage, fare Of nurses, sick soldiers and