Daily Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1876-1884, 1883-02-09
TINE PRODUCE EXCHANGE.
Movements to Combine With IL q
Board OF Trade.

The postponed monthly meeting Of
the Produce Exchange was held "a
o'clock Wednesday afternoon, Present;
Van Mugs, German, Gay, Me'lus. Sew.
ell, Golf, Cursor, Lockhart, Seymour,
Newmark, Hass, Lambourn, Gibson,
Miles, Deming Gilmore and the Secre-
tary. Minutes of last meeting read and
approved.
The applications for membership Of
B. Chandler and Stevens & Purcell were
referred to the Committee ON Members
ship, who requested tho applicants to
furnish written applications accompanied
with $50 each admission fee.
On motion the Board of Directors
were instructed to provide additional
blackboards.
WHEREAS. 1t has boon the custom to
deliver goods at our depot for shipment
to all points free of charge; and whereas,
we find that is injurious to our interests
to continue doing SO; and, whereas, in
all business centers it Is the general rule
for all business men to charge q fee or
drayage for the delivery Of such goods;
| therefore be IL
| Resolved, That we, the members OF tho
Los Angeles Produce Exchange, bind
ourselves severally and jointly to, on
and after this date, charge drayage on
all shipments as follows: For ton or
fraction thereof, so cents.
Resolved, That in case II is proved that
any one fails to make the above charge,
he be fined sum not to exceed fifty
dollars.
On motion, the Chair was requested to
appoint committee Of three 10 draw
schedule of rates for drayage, and obtain
the signatures Of merchants thereto. The
Chair appointed Messrs. Newmsrk, Haas
and Lambourn such committee.
G. w. Gibson submitted the follow
ing: II.
Notice is hereby given, that at the
next regular monthly meeting OF this
Exchange, motion win be made to
erase the words "a wholesale produce
dealer, in End and Sd lines OF Article
XIX, on page 7 of the Constitution,
making the Article read IAN applicant
for membership must be of good stand.
ing" etc. The amendment was signed
by the following members; @. w.
Gibson, Lombourn & Turner, j. q.
Deming, A. Haas aud j. H. Seymour
Mr.. Gibson also submitted the follow
ing resolution;
WHEREAS, The following clause, re.
ferring to the object of the Produce Ex-
change. Is embodied in the articles OF
incorporation, "and generally to pro.
mote the interests of trade" There
| fore.
Resolved, That all classes of business
men, capitalists, journalists, etc, be ad
mitted as members of the Produce Ex-
change on payment of the regular fee
Of $50.
| On motion the resolution was adopted
unanimously.
On motion, the Secretary was in
structed to correspond with the various
mercantile agencies on this coast regard.
ing terms for reports
| On motion, the Secretary was in.
structed to correspond with the Gold
and Stock Telegraph Company regard
ing rate5 for daily San francisco market
quotations Of twenty leading products.
On motion, the Chair was requested to
appoint committee Of five to consider
the feasibility Of this Exchange extend
ing its operations to those usually trans
acted by Boards Of Trade, and report at
the next regular monthly meeting. The
Chair appointed Messrs. Gibson, Ger
main, Haas, Newmark and Seymour
such committee.
Adjourned.
MEETING OF THE BOARD OF DIRECTORS.
At the close of the regular meeting Of
members the Board of Directors met
Present-Van Nuys, German, Haas,
Cursor and Lamboum. A number of
bills were audited and approved. Il.
German was appointed committee of
one to procure additional blackboards.
The Secretary was instructed to have
900 warrants printed in book form.