, 1874-05-02
Disagreement Between Grain and
Provision Dealers.
Dissatisfaction with the Action Of lilo
Directors
Threatened Secession Of a Large Num-
ber Of Members.
VIII There Bo Two Boards e.

he+ uppn p!oFoo''"N -
xootora to extend tho "call y to grain as VOL as
sontnst tho proposed clnngo. and good many
- ,a ,oor,hora tool u aa ~, ;ran,t TINT t1a INIT
y. w nAs -. so 49," ,h,,;tta, -, +,,nr, uaw-
ter enola oo ngan submitted ~ suoa .1m" .,'
Svor, with considerable good hunlor and uhantfn-
ity, thoy again .nagatiyoil tho proposal. Great,
t,,en woa Tia aatonia,,mont when. about ha1f.hn.
s.ms tsar,rs,ss th"- tsoro n,,cn rcora callo5 /,
aoas .aos WY .,,.t o,.,no
sho last voto Ind boon taken, tho Directors Ind
held q meeting and concluded that, inasmuch as
tha Djroetora had aolo Charge of tho rooms. and
- 49, s,,,,t - ~ t,ow ana ,rhan t,,cv ahould
be used, and. inaSinuoh a8 tho "oall Tor grain
had been requested by . respectable minority OF
tho Board. they fole 1t to DO their duty TO acceue
to tho request.
tont upon this natter, 1t Will DO necessary to go
back q little into tile history Of tho Board. For
long time past many Of tho heaviest tradors
or 'Ohnnge, especially TINT portion OF thom who
live iu tho suburbs, lavo endeayored to limit
TuE HOURS or TnAp1Sa,
10 that thoy would have littlo ti'no to apond at
homo In tho boaom Of their families, md bo also
tblo, to spend M hour or two each
day in thoir Offices, posting their books.
and Intending to corrospondence and
tho other details OF Office businoas. It
was formerly the custom to asaemble on the
sidewalk as early as or o'clock in tho morn-
Ing, and to continue standing around thoro until
lilo rooms woro opened for tho regular session ;
tlon, after tho closing Of tie rooms, to tako
short Adjournment for lunch, again stand on the
sidewalk aud trade un.il or 7 o'clock in the
evening in summer time, or till dark in winter !;
and thon, to hold IN evoning aoaaio,l,-at; one
somewhere else. This VAS felt to DO great
grievance, because 1t obliged many personH to
bo in constant attondanco whom thoy wished to
be elsewhere, atnco they did not know
t.,,4 ;rIk {..,s {Jo,.o !, Ire
ngninnt them or in thoir favor dur
ing their. absonco, and it was neccsaary
that they, other for themselves or for thor
customers, should DO ab1o to take advantage Of
oral attempts at cutting down the hours, the
Bonrl dooldod to commence at o'olock In tile
morning, alld e(oao at 8 IN the afternoon, but
subsequently the ttne Whs changed to from lo
the business day cloAod nt 8 O'clock in tho aftor-'
noon. ThtH arrangements suited tho grain men,
Who eonHtftute tue ma1oflty OF snobe VINO dal!y
Tho
DEALERS IN pnov1s1oSe,
who claimed that, especially In winter. thcy wore
not aOlo to tfaissacs tnelr business duIlnE tlc
day, aa many OF them wefo Obliged to apend soy
pral hours III the packing or Ut the stock
faIa; Inorenp9n INC the noa x h haoe an o4Sepoa ep
difficulty arising out Of . transaction botweon
momhors mado outBdo the hours last noted
should not bo rhcoEnizeu ny tho Difeetor8,or the
Committee of Arbitration; unless such tran5ao-
from that tl1no lad call IN tho eEoninE during
tho winter, and, recently, have ind o call for
proviHionB In the small hall Just south Of tile
Uhanbcr OF Commerce, which began ut 4
o'clock, TINT being tho hurr when trade In
grain coascs. Not loug ago it waB proposed
eaat the call SHOULD DO extended to grain. This
the Board, Who assorted that tue call, as applied
a.. f11nf 1yt1o
much better, and that it would be a great waste
OF tino to them to be Obliged to attend tho cali
for fear tho market should go against them,
when thoy found 1t inoonyolient to trado that
way, Tho matter, however WAS 80 strongly
md porsistcnty prossaed BY tho provision dcal-
brs TINT tho Directors seemed to think "dtsoro-
tion tho better part OF valor," and accordingly
sIoy yesterday announced decision Which
BeomB to have been received with great dista7or
by mucl, more than two-thirda Of tho members
III attendance OH Change.
A groat deal Of
EXCITED TALK
followed tic announcement. Several uacmbcrs
amp.or,ly upon the Directors to reAign On rnasse.
Others propoBod to pass q ruBoluton ordering
that tho room should bo closed promptly at
O'Clock, and TINT no one bo 'ndmittod after that
honr. Neither Of these propositions we're car
Rcd ont yestoriny, but it is thought ono Of thom
viii be ncted on today. It. was also expected
that since tho call Of grain was announced to
begin at o'clock ycHtordny afternoon, the grain
men would attend in force md oudeaypr to pro-
vent It, but such was not the case. Tho event
paseod OF quietly, no interruption boing ox-
perenccd, while worry little trading in grain was
done on tho oall. -.
During the AFTERNOON a reportar,, oallod on
sovoral prominent dealers TO learn their Views
respecting tho change in hours 1t was stated
by
=. ~' Nh. o1pE1ssHAw,
the caller, that In point OF capital and interest
represented, tho secedors would outweigh the
other crowd. Tic fayorol tle call because It gave
more Reliability to tho trade and established
prices before tho close.
Mr. DEssLEY
said, in reply to tho question who was urging
the tnattor on, That no ono WaH but that the Di.
rcctora hold that any respectable minority had 4
ri.lt To Use tho luil II they chose aftsr te regu-
!ar hours.
NICHOLS i 11Er.MEn
onposed It bocauyo they thought good thing
uho,lld be left alone. This would broak up til q
method which was now working cha,mingly,
and not substitute my advantages.
YOUNG 4 CO.
we're in favor Of 1t i1 10 fur al It tented to estab.
liah early bouru Of trading iu tho n,oeptug,,
Mg. CHARLES COUNCILMAN