The daily gazette., 1883-05-04
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BOARD OF TRADE.
A Good Meeting at Which the Fruit Ex-
change Is Heartily Endorsed.

n
change Is Heartily Endorsed.
The Board of'Trade held a meeting last
evening, Job. Fl. Jackson presiding, and f.
A. Van Trump acting as secretary.
After the minutes of previous meeting
had been read Mr.. Cotton reported the
passage of the Port Warden bill by the
Legislature, and stated that printed copies
would be ready for distribution at the next
meeting of the Board.
The treasurer made his annual report,
showing balance of sol "a in the treasury.
Joseph Milev, William Dean and John
Wainwright were elected members OF
the Board.
Upon invitation, Mr.. Dean made few
remarks upon the advantage of fruit ex-
change and the benefits of which would ac-
crue thereirom not only to the fruit grower
but to the city of Wilmington, where 1t was
proposed to establish 1t.
The speaker referred to the trouble the
farmers had had in disposing of their fruit,
and after deliberation had established an
exchange which was incorporated by the
legislature. He had received letters from
Mr.. Corsa giving flattering accounts OF his
success in New York in obtaining sub
scriptions to the project The benefit 10
Wilmington, he said, would be considerable
in that the enterprise would call attention
of outside parties TO the city. The adyan-
tage to shippers would be great. In the
case of glut in the market the growers
would only have to pay freight to Whining
| ton, where the buyers would then assume
| the care OF the crop. A large portion OF
| the fruit business now transacted III New
York would be brought to Delaware, as
those wanting peaches had to get them here.
The whole matter so far was in theory, but
he had great faith in its success The
| establishment of an exchange would also,
he thought, result in the establishment OF
canneries and other industrial enterprises in
| the State The whole State centred in VIII
| mington. Large sums of money had been
made out of fruit in the past, and the
dealers in New York and Philadelphia had
reaped the benefit. 1t was often the case
| when fruit was sent to New York that the
| freight came to n ore than the iruis itself,
the shipper being compelled to pay the
| difference, beside losing his crop
Seats In the Exchange would be charged
for, on the same principle as corn and pro-
duce exchanges in other cities. For the
first 100 members, $40 each aud all over 100
SIS The commission men get III per cent
from the growers, for disposing of their
fruit. and he suggested that the Ex-
change do the business at the same rate
The shippers would be bound for tht
freight to Wilmington, the fruit would theI
X
by the exchange, and stationed at prominent
shipping points. The number and quality
of the baskets loaded on the cars would be
| telegraphed to the exchange and bulletiDed
| there, when sales would be held. 1t would
be made to the interest of all growers and
buyers to come into the exchange. The In
spectors, who would only represent the ex.
change, would be sworn to the faithful per.
| formance of their duty and compelled tC
| nrit dc ha oh inpnFnnrAt1OI
| was very liberal and the business of the ex
| change could be extended SO as to include
small fruits, canned fruits, grain, etc. AL
that was wanted was the hearty co-opera
tion of the business men.
A committee of Is was appointed, on Mr.
Colton's mo.ion, to attend the meeting 0
the fruit growers to be held in Dover ol
Wednesday and Thursday Of next week, a
follows: Franklin B. Cotton, George W
Bush, George s. Capelle, Daniel w. Taylor
George w. Stone, f. T. Warner, f, N, Buck
Alfred Gawthrop, Thomas 8. Bellah, Georg
g. Lobdell, Preston Lea, Henry Menden
, hall, John Wainwright, j. H. Hofeckei
Jr., Harry T. Cause.
Special rates, the committee was informed
had been arranged for the fruit convention
day, at $2.25 the round trip, tickets goo
for ten days.
Mr.Stone offered the following resolution
: which was unanimously passed;
RESOLVED, That this Board cordially approve
, the establI Ishment of fruit exchange In TIL
; city, and pledges itself to assist it in every wa
| in its power, and it appeals to the business me
! | of this city generally to promote TINS enort D
I | every means possihle.
Superintendent Mills of the Delawar
y Division, it was STAYED, favored the pro e'
of an exchange.
The Board, after spending some time
an informal talk, adjourned.