The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-02-05
CITY INTELLIGENCE.
[ For Additional Local Items see Third Page ]

ANNUAL MEETING OF THE BOARD OF
TRADE-REPoRT OF THE EXECUTIVE COMMITTEE
--ELECTIoE OF OFFICERs.-Last evening the an
nual meeting of the Board of Trade Associa-
ton was held at their rooms, No. sos Chestnut
street the Vice-President, Mr.. Samuel " Mer-
rick, being in the chair, and A. j. Perkins act
ing as Secretary. The Secretary read the
annual report ofthe Executive Committee, from
which we condense the following statements
The Report alluded, in the opening, to the
efforts which had been made by the Board to
secure the location OF the Iron-clad Navy Yard
at League Island, near this city, and the strong
probability that the Senate, before its adjourn
ment on the 4th of March next, would pass
the bill for that purpose, which has already re-
ceiyed the sanction OF the House OF Represen-
tatives.
The report regarded the establishment of the
coastwise steamship lines as a fixed fact. The
S625, 600 which had been pledged to the scheme
had been paid in on call, enabling the Com
pany to purchase Iour steam propellers-the
Pioneer, of 760 tons, running twice a month
between Philadelphia and Wilmington, N, c.;
the TonaWanda, of 900 tons, running semi
monthly to Savannah, Ga; and the Star of the
Union, of 1916 tons, and Juniata, of 1915 TONS
forming a semi-monthly line to New Orleans.
In addition, a frstclass iron vessel is now build
ing at Chester, and another, tie Wyoming, OF
wood, at Kaighn's Point. When completed,
one of these win be placed on the Savannah and
the other on the New Orleans line, enabling
both to make weekly trips.
With reference to the subject of inland trans
DOrtatlOn, the report SHOWS now the present
policy of the great lines OF transportation ope-
rated to the prejudice of great and permanent
home interests, dwelling especially upon petro-
leum. Under the influence of an increase in the
facilities for storage, however, the export of
petroleum from the port of Philadelphia has
risen from IL 1856 202 gallons in 1865 to 2s 6O5 32l
gallons IN 1866 swelling the total value of the
exports from this port from $l2, 564, ,l52 in 1865,
to Sl7, ,913,9O in 1866. At the same time the
imports have kept pace with the exports, IN
creasing from $5, ,645, 756 in 1865, 10 Sl40l5 499
in 1896 But by the exaCtion of high freghts,
and the denial of proper facilities, the petro.
leum interests of the state have been repressed
from the very first much of the trade being
''dTiVen back upon an artlhcial and unnatural
line. making Cleveland and New York the
greatest refining and shipping points, as COM
6ared with Pittsburg and Philadelphia IN 1866,
n the ratio of 7l5, 100 barrels to 692,542,"
The amount of petroleum exported during
1896 was as follows:-
Bbls. Refined. Bbls. Crude
phia......''..."ooo'aaii 'ai9 ai9 ini%
New YOrk........'....''''"oo9'00da 9'0ao AiVdoS
Baltimore ........'.'.''"''' 499'@@oooo IN
Boston .....'..'..'''''''''"'" o'1i' '''''
Total ,2l7,4a 244,ll
which is equal to l,967,36l barrels of 40 gal
IONS each OF crude oil, or TO 14,694, 44O gallons
Resides this few thousand oarrels nave DeeI
exported from Portland and from cleveland
netToit. and other Lake ports. The home con
sumntion from the internal revenue return
was 29. .5b7, ,6l2 gallons refined, or, reduced Y Y
nrnde eoual TO 39, 4l0,l49 gallons crude oil
adding the two, we find the consumption .
the wear. at home and abroad, 70 De ia; lO4,o ,oo
.au9ns ~ crude oil, against 63, ,4O4, III the pea
Sagore and more than the ascertained gros
product OF that year by 24,696,2OS. but y "
Pa tooather the two amounts as ascertMne
Sor 1gG5 and 1866, we obtain III, ,bOS,6SO US th
nrnduct of two years accounted IOri Whlc
for each year is s87b4,S4O gallons-aR @uVuI