New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-10-02
NEW ORLEANS, FRIDAY, OCTOBER
The !lerchants' Exchange.

The building at the corner Of POydras
and Tchoupitoulas streets was formally
dedicated yesterday noon rs a Merchants
Exchange. and taken possession Of by an
association of merchants representing the
Western produce. grain and tobacco trade
in this city. The determination Of the mer.
chants engaged in this enterprise, and the
willing assistance it has received at the out.
get. establishes it at once as an important
commercial enterprise. The first meeting
yesterday was called to order by Mr.. w. c.
Raymond. chairman Of the executive com.
mittee. who briefly stated the objects OF the
Exchange. and the benefits to trade that
were expected from it. He also, for his
committee. reported the inception and
progress Of their labOrs. and submitted in
the commodious Exchange rooms con-
veniences, bulletins and telegraph depart
ment in sight. the result Of the committees
work. for approval of the subscribers.
Following the chairman. Mr.. X. S. How.
ard gave a concise statement Of the condi.
ton and prospects of trade in New Orleans.
He spoke by the card. as one who remem-
bered when the river commerce of this city
drifted hither on fatboats, since which it
had steadily increased in proportions. He
took a by no means hopeless view of the
business outlook at the present time, not.
withstanding the money panic and the
trials by food which our merchants had
lately passed through.
General Cyrus Bussev also made few
remarks most appropriate and encouraging,
possible extension to Mexlco and other por-
tions of the commercial world near at hand.
The Exchange is provided with sam.
pie tables for the convenience Of those
selling or buying by sample, and many Of
these tables were yesterday disposed of at
auction, Mr.. c. E. Nash acting as suctioneer.
The first choice for table was sold to Glover
& Odendahl for Sl00, the second choice to
Gordon & Gomllla for SIS, and 60 on, thus
Immediately inaugurating business opera
tions in the new room.
The Exchange has been put in direct
communication by telegraph with similar
exchanges in New York. St. Louis, Cincin.
natl, Chicago and Louisville, and at regular
hours each day the state Of the market in
each of those cities will be posted for the
benefit of subscribers. Advices from Liv.
e:pool and Havana will also be received.
The superintendent W i'll make and keep
exposed daily and weekly statements of
imports and exports to and from this port,
and the manifests Of boats and railroads
will also be found in an appropriate place,
SO that the merchant may be thoroughly
advised promptly on wha. concerns him
most.
Sergeant Goram, Of the Signal Corps,
United States army, has furnished the Ex.
change with War Department weather
map, and will contribute daily bulletins
and observations on the probabilities"
from his weather signal office at the Gus
tomhOuse.
Samuel Mullen, Esq., is permanent su.
perintendent Of the Exchange, and will
make an efficient officer-one thoroughly
competent and courteous. Starting under
such encouraging circumstances, the new
Exchange bids fair to accomplish for it's |
all things hoped for.