The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-15
THE GRAIN TRADE.

Importa mt Conference Between the Grain
Receivers of New York and Prominent
Railroad Omcials-Now Rules Submit
ted by the Produce Exchange.
A conference of the receivers OF grain in this
city ana prominent railway Officials took place
yesterday morning at the Produce Exchange, Mr.,
L. F. Holman, Chairman or the Committee on
Trade, presiding Among the many present were
L. Hazeltine. Jr., OF Messrs. Jesse Hoyt & Co.;
George Z. Martin, of Messrs. David BOWS Co.;
william 8. Preston, Of Messrs. Isaac Reed l. Co..
r. c. Bilas. General Freight Agent, and A. A. Cad
dis, or tie Erie Railroad; J. L. G0ssler, New York
superintendent and o. s. Geer, OF the Pennsyl-
vania Railroad John II. Starin, Richard II. Lain
beer and Franklin Edson-the latter ON the part OF
the Exchange. Mr. Reuter-, General Freight Agent
OF the New YORK Central Railroad, telegraphed
that ne was sick and could not possibly attend.
The chairman explained that the meeting
had been called to consider the additional rules
adopted by the Board of Managers of the Produce
Exchange on recommendation of the grain re-
ceivers. They were read by the Secretary. and are
as ioOws:-
RULE l7.-lhe Grain Committee Of the New York Prod:
nee Exchange shall appoint an inspector with
S Il.
chalk aud keeDing record in book pro yided for that
s psss Of ia Iaciitans asors ia.Ssd!sf
consignees may furnish inspectors certcaes from any
Of the lake ports which shall be syidsncs Of the grade
ton. All wheat arriving from points where no system
se sta ss N @ market coming
ard .ns he
the railroad companies to pay said inspectors Tor their
RULE ls-The Grain Committee shall appoint
ONCE shah Be subject their pleasure Tae duties Of
q
swept clean while unloading and Keeping an accurate
UaHt
ay a @ oi
kuLx l9For The purpose Of facilitating the prompt
MES shall be permitted to put iosel6er boats any
hes Vii Keep Sa Of of
bushels from each the grade OF wheat and The name
Of same when the boat Is ready Tor aevefy. ''''
Se1ond,1hat they viii collect all freight bills upon
zitd-fhai they will guarantee to deliver the quantity
and receiving pay ior any excess. ...
Erie snaI be delivered to the consirnees in boaioads
withou, inspec ion ard unmixed with other grain.
wheat shall referred to the Committee the
New YORK Produce Exchange for adjudication.
In reference to that portion OF rule II relative to
the marking OF cars in chalk with the name OF the
consignee and grade of wheat, the railway gentle
men suggested that If two way bills tackled to
each carone IOr the railroad and the other for the
inspector-as guarantee oil its contents the
This suggestion was approved of, and the rule
dered to be changed to conform Herewith.
The next important point touched upon by the
gentleman representing the railroads was In re-
gard to the number OF different grades OF wheat
winch are to be recognized. II there were great
many IL would tend to embarrass Its delivery, a
matter to be thOughtfuy considered by the re-
ceivers. The latter, after discussion and inter-
change OF opinions, answered the objection by
practically reducing the number OF grades to 1ve
or SIX, which determination the railway men
deemed very satisfactory. 1t was also suggested
by the latter officials that 1t Is desirable to estab
llsh New YORK grades as the basis OF all inspec-
tions but while the receivers admitted that per-
haps, such basis would be preferable, they felt
that TO make the change now would be premature
the question OF VINO shall pay the Inspectors p"
then came up and caused considerable argument
Tue rules above call for such payment by the rail.
ton should be amended so to read that the sala-
rIes be paid by those owning the grain and not by
the railroads. Alter pleasant discussion upon the
point 1t was left Tor further consideration
Next taken up was the third section OF rule 10,
in reference to the delivery on board vessels or
the same weight OF grain as determined by the
track scales OF the railroads at the point of trans
fer. The railway gentlemen doubted their ability
to do this but said that they would undertake the
on the lightermen Inc gram receivers fet there
could be no difficulty In accomplishing that, and
Mr. Starin said that he would accept the RESPONSE
bility as far as his official position as engaged IN
the towing and lighterage business extended. Ii
was iDally decided TO leave the matter also open
for further consideration. The conference adj
journed until the 2oth inst, at which time all the
representatives are TO be adjusted.