Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-01-09
CITY N E w S.

MEETING OF THE Corn AND FLOUR EXCHANGE
ANNUAL REPORT OF THE DRECToRs-PosTFoNE,iE
OF THE ELECTIoN.-The eleventh annual meeting Of
the Baltimore Corn and Flour Exchange was held
Yesterday Immediately after the closing Of Change
There was q large attendance of slbscribers. An
organization effected by the selection of Solomon
CHrnHr as Chairman, and L. j. Cox Jr, as Secretary
Ihe Secretary then read the annual report of the
Directors OF which the following is an extract:
=, Congratuaung you uTOn the re-establi hment Of
the authority OF the Guvernmant throughout the
length and breadth of our land and as n nee, Ssary
consequence the return Cf peace and rro, ptrity to
our common country, which cuve,ed and anxioisIy
desired by a could nevertheless be sernr 4 anlv as
the result OF tne success of the Government in its
momeItGus and protracted struggle So lately and
happily brought to close, your Board of Directors
report.
The effects of the late unsettled condition of the
country upon the general trade and commerce of
our city, ana more especially upon the post on long
successfully maintained the second grain receiv-
ing and distribution depot on the Atlantic seaboard
has been marked and important.
BY referring to the st stics for past years it will
PC Iound mat the aEera- receipts Of grain for the
five years beginning WIZ 'S6l, and ending with 1855,
both inclusive was about 6nO0G0O bushels while
the average tor the FIVE rs Immediately preceding
was over S7o0"N" mis- filing f in the grain trade
of Baltimore, occurring and continuing, aslt d d,
during and throughout the years of the war furnish
es Its own answer as TO the chief if not only cquse
tending to produce this unfortunate result. The ag-
gEege receipts OF gran OF all deScriptions for the
year Just closed amounts to 5,S66,63i ushels being
an excess on those of 1864 of about su.tO bushels
The excess in wheat was about l.ag5S bushels; in
rye, l6.76S bushels
The quality and yield of the wheat harvest for this
year. resulted unsatstactory, well as unexpected
10 those more Immediately aud deeujy Interested in
the subject. The apparently favorable season for
maturing the crop led all to anticipate an abundant
harvest, but which, eG crience has since shown was
both interior in quality and limited II extent Itis
cohsoling, however, to know that this disspgoint-
men IN the result Of the wheat crop has been made
up IN seme measure by an abundant crop Of corn,
3dteu IhlS year, the quality and condition of which
mas seldom been equaed, and, far as our own eX-
pemIencc goes, never excelled.
Ihe Inspection Of flour for the same period foOts up
toouG S7-yOy barrels, showing decrease the in
Sicetions # the previous year of some II 6s bar els
previous four years.
Inc dawn otreturning commercial prosperity now
nlahlleStng itself by unerriug signs tir ,,iout our
city affords us reasonable hope That NJ no distant
day she will resume not only her former proud pogi-
tOn OF commercial importance in our country but
rival in her rapidly increasing manuf1ctring
priseS other cities heretofore claiming pre-cminence
IN TINS latter branch of industry. The advantages
likely to result 20 the general commerce of Baltimore
from the establishment of regular line of ocean
steamships TO ply between this port and Liverpool a.
lately inaugurated by the Baltimore and Ohio Rail
road Company, cannot well be oyercstimated. But
lew weeks nave elapsed since the pioneer steamer Of
this line took her departure from this port to be fol-
loT ed by her colleagues in regular succession.
In that bret period, under the immediate and en-
ergeuc supervision of John King, Jr, Esq of the
Auditors Department of the railway company, we
are assured by President Garrett in his late address
to his Board OF Directors, that their sanguinc
expectations have beenrealizel practical experience
having demonstrated that there is business sufficient
to support line OF hrst-cass steamers of two thou
sand tons register cach and have the further as
surance and from the same unque>tioned authority
that arrangements are already in progress for sccur
ing such steamers, which will doubtless soon be placed
upon the line i'll lieu of those now in use the latter
having proven entirely inadequate meet the wants
OF those disposed to patrOniZe the line. Ii is graft
tying to know this important enterprise is in the
hands OF parties whose ample resources and com
lnandlng influences, under the able management of
their distinguished head secures beyond reasona-
bio doubt its ultimate and final success.
considerable portion Of the report refers to some
amendments to the charter, which were procured at
the last session of the Legislature and in order to
obtain which, committee had been appointed at the
last annual meeting One of these changes makes it
necessary for each individual member Of firm t. be-
come member of the Association before be can have
the privileges OF the Exchanges and another change
enlarges the discretionary powers Of the Board Of Di
rectors, as defined in the third article Of the Cunsli
tuition, by inserting the words "one hundred" instead
Of fifty" The report then concludes as follows:
The financial condition of the Association is shown
oy tne report 9i Samuel Duer, Esq, your treasurer
20 winch members &. respectfully referred. There
was IN his hands, the close Of the year, to the
credit OF the Association, S6j2SS, after payiug the
current expenses. The probable il crease Of our
subscription list, growing out Of the alteration Of the
charter, heretofore EXPLAINED, and the hoped lo ac-
upon, suggested TO your Board the propriety Of re
dncIng the subscription to SIS which, We trust may
provide fund sufficient to meet the current py-
penseS Of the institution.
Before the adoption Of the report Nm. Cfichton
referred to it in a few remarks He tnnugEt thp
prize u membership ought not to have been reduced
as $50 was low enough and gentemen should look to
making the receirts bevond rer,lvo,,t,rc ,,,. tI,
current expenses, and if there was any surplus the
stock of the association presented Desirable ipvcst
ment for it. lie WIS also IN favor of mare riroron.
Observance of tho ruIos orI ro,,,lo+;,,, r. H. a.,
M .it t,f1I no . u
oi the E%tlange unless they presented q ticket o.
membership or were iutr,GpccI .s tba friends nt
members Sroa., do,1ars ,yb. ,,r, 49,. -
- N's' W "''' Hp' "e'A"eI''
nao oeeh III the haht recently OF sneaking into the
room, making purchase and then stealing out again
and he regretted to saw they we're in some instance
,,,,,, to,,o,,,.od L,, ,,.,,,I,o,-
-
lie lhen referred TO the election which was about
come when We sbouId f,r-. and t,r,;,-, t1,, s,;
= a . :,
ues ol tne past uspehSe wa all PaftHan ieeling.
and meet again IN the kindly manner which had
oharacto-i4a.. Z l..y which were past and gp.s.--
tIo +I,o,,obt .l,o liG,r,,, NJ, IL : :. ! l.:
ne tnouSh' tno ul"e'chceS Nheh h"d existed curing
ioo eur, "$ tween me members should end
WIN the causes which produced them. The "rcgu-
lar ticket he styled as partIzan, and ithad been
net by the Southern mon with ... own tirlot
from ton to bottom Ua rogrettoa tLi, .t,ta -
-, aa o, =; LIZ le.''' 'u.s S,a'S %
composed of men Of all ,oIilic,I ori,ios onevf,]
wouId proIuce rood faaIine betryoo tl,so ,,I .,,,
nee. sio1oed =, resort 70 III ~. ,.r ,;.... .1
not Of polirics. At the concIIsr, If rs ro,rI,
which yvero warmly, or,,.,dod tI,o r,rl ,,,,,}t
ed. and on motion of Sor,,oI Dn.r a., h1+j
comics Of If were orderad to he ,rin,c5 f,r tl ~ ~
tho ,,o,Dbor
l.. = NoA' Jr'r offered the following pi U@mble and
resolutions, which were adopted:
Whereas In view Of tln ,r,s,.,oti,.o ol,.oroo,,+
cfthe commercial interests of the city of Baltimore
ia Jesn .aade apparent to US, that continued ia
] all,i"n @ m a. Ori y los CT 2ha stimulate me
thereby attracting to it the fay0rS6ierans G
other communities at no and abroad = 50 deemed
&APe'ieht ana rroieT AZ ialS annual meeting of the
fIi CpIm ?nu iI'uI "Ach1hsc' TO auo9t thc
Resnjrrj That if he earnestly, raoorrn,ordoI + .r
President and Directors of the Baltimore and Ohio
h"llro3d company the RroPTlety Of causing to be
for tbe storoge Of Grain a"Tr and t% T%lG,n"uSeS
will give superior facilities for the III l3a }incand safe
cafG care ol Sueh e2tioaitie, together with their adapt
% H., ~ az ~ S M"toL an eases OF YES
p0rtation of such commodities eitGar fori, r,lis @
board.
AnI oe HyHLther resoscCa asst sense of this meet
with and Law baforc Tho po HlpG!iIeu 20 % bo confer
and Ohio Railroad COMPANY, such siGre"t1
would tend to make the enterprise u success and the
lhat hG snaif Jay Such hrecommendatons before
''- W. '"'4i ID 0i"'io 0onSioei"'loh'
MI Cox declining to serve upon the committee
d"'hoil"eu oy tne foregoing resolutions the f"o"-