New-York tribune., 1879-05-09
THE PRODUCE EXCHANGE REPORT.
A REVIEW OF TIE MOVEMENTS OF GRAIN IN III


THE PRODUCE EXCHANGE REPORT.
A REVIEW OF TIE MOVEMENTS OF GRAIN IN TIE
LAST YEAR.
The annual report of the Produce Exchange, Is
sued Yesterday. is the largest ever compiled and
shows a membership of 24GS. or these 323 were
added during the last year. The report of E. II.
Walker, statstician Of the Exchange, reviews the
state OF trade and transportation.
The receipts of grain, flour and meal in SIS were
1872 S62 40 bushels increase over 1877 OF 49,
54S.3 1888 bushels. The deliveries of gram at the
seven seaports greater than the receipts at the
eight principal Western lake and river ports, indi-
eating an increasing movement from interior points
in the Northwestern states, outsioe OF the elght
Western ports There Is also large ana growing
movement of flour and grain from point west OF the
Mississippi TO the interior of New-IOlk, PcnnSylva-
mia ana all the New-England states besides large
movement in the interior OF Canada, WHICH uOes
not appear in the seaport receipts.
While New-YoTk shows small gam III the per
oent0pe movement over 1877. Baltimore has
scarcely maintained her percentage OF 1871; Ii;ila-
dephia SLOWS an increase of 25JlOO per cent M0h-
treal a decrease of $500 per cent; B"sion de-
crease of 21loO per cent. OF the total receipts IN
1875 at five scapOrts, which are Ss,l1o,O"0 bushels
more than those of S77, NeW-loT received oZol00
per cent. and the other four ports 4'o4OO per cent
PROPERTY-OWNEBSC COOPERATING.
The West side Association, whose articles of in
corporation were fled in the County Clerks oihcc
last week, held its first general meeting at the
Fifth Avenue Hotel Wednesday evening. DwightH.
Olmstead, who presided, said that the ASSOCIATION
WAS organized for work. not for talk, and urged
that everything undertaken should be thoroughly
DONE lie named the various committees ap-
pointed by him for different classes of duty. A
resolution was offered and carried protesting
against the dilatOTy manner III winch riverside
ave is being completed aud calling upon the falh
Commissioners TO hasten the work. Inc blil re-
on the elevated roads and to. require 1-ceDt car
upon each tram was approved py the assOclauOl ny
a unanimous vote and tine Legislature was asked
10 pass II. The question Of the best method 10 ria
the empty lots west of Central Park OF the shantleS
that now dsfgure them was discussed. Several
members recommended that all should reIus9 10 az
low any more such buildings 10 be erected upon
their own property, and should endeayor to secure
the removal of those already bullt. Ihe members
present manifested much interest III the discussion
of the site of the proposed worlds tar. luey
agreed that the sight ought to be selected within
f6e bonndaries covered bv their organization, but
there was difference of opinion as 10 the best
means to bring about such choice committee
of thirteen including the chairman, was selected to
report at the next meeting 10 ne hela III Two
weeks the best site for the far and the best means
TO secure the selection OF such spot.
REORGANIZING THE IOWA CENTRAL.
An adjourned meeting of first mortgage bond
holders of the Central Railroad of Iowa was held
Yesterday at the Farmers Loan and Trust Com
pany. At a previous meeting committee had
been appointed to confer with the New-York and
Boston committee in regard to an adjustment of the
conflicting claims. The result Of the conference
was the perfccting of plan of reorganization ana
the nomination of board of directors of the new
company. At the meeting yesterday the report OF
the committee was adopted. The next meeting
will be held at Des Moines Iowa, on May 10, when
the plan will be submitted to the approval OF the
United states Circuit Court. Articles Of lncorpora-
ton of the new company, which Will DE known as
the Iowa Central Railway Company, have been pre-
pared These articles confer upon the new com-
pany the power to purchase the Central Railroad OF
Iowa: to mort gage the property to an amount not
exceeding So zoe, 900 with interest not over per
cent: to issue first preferred per cent stock for
81. 900 600, second preferred per cent stock 1or
50 900 600 and to issue common stock tor S4,OOO,-
900 Ii Is provided that holders OF second pre-
fcrred stock shall not have the power OF voting
until interest has been paid for two successive
wears upon bonds and first stock. Holders of COM
mon stock are deprived Of the power of voting until
interest has been paid for two successive years
upon the bonds and first and second preferred
stocks.