, 1880-03-02

,supkr. 'rhr rnIra "r thtng.rs rrll ttr ns tann..
rnr.1 with ISIS to tho extent t,f Iletstl ntId
,Tte course ot.prIccs for tho period nn''rr r..
yiew y s falllr T. ., sho h., sra To- r1n, ho. !.
tlt!ttnat.el through Wide rnngc. first dropping
nR Hr1IttllH'ly from fl,e ni"nt!lR uhs1l. tlry IN
thG atrltliGr. that rn-!,hk"tj-fsr tiuInt NJ bd-
ton, Of The 1irGrt. wns rtnr,lI. md thr!, re-
,t!!1'K rnI}'l'y h'll s.'"t'lIy 'l!sI,s ie lAtf"r
limif ~ thn Fensn,., Il IL To this ntlynnG: ln
prices tftt occurred In the summer lt,'l full ttt
tho general sittsfactlnn with tl,y yrnr'A ln1si-
t,r:s l. mostly tlu"; fnr II is s.fi ty tt,,se YIN
va mN tsSn s r, ~ tr fn m ar .rr ,nr. a.
ke.cd ~ lsisl WIS rnsI;Irr'lliy ."wcr than !hat M
for the se.snM tMfnc; Fur fully t,t.lli.if nf tA9
even nftcr thG cl1l!IRt. Eanlr and prices lnxaE
tncnhinR sumo time elapsed l'nfsre they rraehc'l
nad taY*c.l re My"raEn 81 III No 'Mt ! itor @ y
l,anlud l,rrp wis tEIs1,osr1 of ut prices tnncI,
below thug ruling 1T the sumo t[.nr Il,
IL tt conImtrutIyu incraso tr t.ccrense viii
inr1iy h"li kral ~ tl,o caso ., of prol.s: Latin.
l"r s9s, r. l.; Inst ysar ,an VI, "s ~ Hna a. S @
tho urdinnry tnnr9in n prnit. When It wis 1T
lts lowest H,ln5 '!n,tt.ass there WIS very l!t!e
ne , Il n ,s snnx y l' esf"ra a Ier si tS
stnt1'g, and spltIt,g, md shpr!ng. a ls.vc b.
credit Of rru!it an I,4s.. Tut i, considering
these questions II y p"sstbn tn dnat n,I1y IN tho
yng1cst Of RrnnralitIea. Tho Exes,al,gn Keeps
tho yards. md without such tlnta, together with
pretty extcnstve knuwlrtge uf .ho nyelyRe cx-
l'ense q hAt!'llitg. Il ,y"!s!iu'ts t. attc'npt
,nsltter. to.,. with which thu Individual lnen!rs
ur ym,r Association nrc presumably 1am!l'nr.
mud csch t'tin nf them ny slfely bo left 10 forIn
hls own opinion regarding II.
The Exetll1'ge hus rt.1isOn to rnnGr9lttlthte IT,
self upn,l !a9 Ktrhl ies'ls which iaso nitgiilc,
beet instrtl!nuntul III calling during thu p;lst
yenr. Tho !trst one wns held in tho lth nf Au-
gust, anu snce Tint 'lato there hnsu been nix
lIiy.. been ciret,Mtr an,sK tho members Of tkp
tr,ln 81 here or anI NJ G.'1GtE "if,s, n,,,i thera r,
tho direction If higher prices hns fucn fel.
throughout tho Northwest st,1e evidence 1T
their vnlae wnB given ut tic lutte E!Invrntl0n Ut
ttc!lbcr..tIor, decided tu Try tho experiment of
bringing THO tnarkets ctAHt'c.ng with ChfeslEb
cha',ges n s i, Mh fe IT. sts nmfor.n II III liz % isip
distributing points. There IL Hood Rr'llini fov
believing tint this wilt be spcc'ltr accomplished,
tho tratle thnn hllye followed mir lmnl meetings.
The membership or tho Exchllige Il ycnr slso
WIS s!xty.slx; nt tue present time there nra e.
nf tho lumber cDhettli@ tl"!nE l'l,sIn!f1 N this
city. This is mn incrense nf nf'oIf 70 pet cent.
iruw np0 r0r ilc~ nleimbrrx, il int b'tl Ahu,y-
Ing There nra Il number of iirlns IN TIM tF1,,lo
thnt tare nut represented III your ..ssoeint Ion, sew
cuintnE members fur tho ensuing yGnr. Ftnai-
cln!ly tho Exchn'lau ts IN u ,i!osi rrosrei1na
cnnttttIon. Its EXPENSES for tho past ycnr have
nil tcr1t met without tho ncccsstty ut mnklny
nny assessments. 0r 0f soliciting my fts,Nls hy
subscription md there Is still II u,ullce pf nvtr
$Shj 1T tho trGAs,ry. In fuIs II enters upon iu
twelfth ycnr Of it4 history with II lurgur ntcls-
Lerahip, grGnter resources. nnl with II lHttur
prospect Of i,lcrGusr.i ilsetulllrss to the trG
thun It bus ever Ind bcfUru
ELECTION OF OFFICERS.
The Exchange then proceeded tu tho cleo.
tto, of thirteen Directions t. seryt. during the
rI,slttng year. the following being cl.,sl,ll
| j. H. Skeele, j. II. Swnll, ". L. Kelly, i, B
| Burker, 4. X. I}igrlow, c. z. Thompson, W
| II. Hntler, j. !. Borialll, lrrley Lowe. WMl-
ter. Shoci!!aker, J. II. Witbeck. A. Dcidlcr
attl j. r. keteliilln.
The following Committee on Arhttrat!o.
| WINS then elcctel: \. y. Carpenter, X. g.
yan, Schatck, $. X. Martin, Il. A. STREET, L
Tic election Of Committee OH Appeals re-
suited as follows:. u. +. Ferguson, AleXAn
der Oi'lrer, AIalcolm Mcdonald, plli'lil
| Antell, md $. 4. Irish.
| The meeting then MI )nurned, aMl tie newly
| elected Hourd Of Directors, who elect tho oil
GERS Of thu Exchange next Monday
welit Into cal'clis discussion Of tic lnerlts
Uf candidates,