Savannah morning news. [volume] (Savannah) 1868-1887, 1886-04-01
THE BOARD OF TRADE.
MATTERS DISCUSSED AT ITS
ANNUAL MEETING

sChe Presidents Report and Reports
ofthe Various Committees-A Modih-
cation Of the Quarantine system ana
"a Reduction In Port Charges Urged
Storage Receipts for esiu
The annual meeting Of the Board Of
Trade last night was Shiny attended.
What was lacking in attendance was
made up in enthusiasm over the very sat
Isfactory showing made as to the work
ings of the organization during the past
year.
President Clarke read bis annual re-
port. The reports Of the different COM
mittees were also submitted and were re-
plete vita statistics showing a gratifying
increase in the commerce OF the port.
The arrival of commercial tonnage shows
an increase Of over 10000 tons.
The two most important reports pre-
scented were by the Marine Committee ana
the Committee on ards ana iransporia-
aion. In the former il was shown now
Ssvannah ought to handle the bulk of
arade for the South Atlantic cities through
= reduction in port charges and removal
of the embareoes placed on shipping
nv the present system Of quarantine
The committee referred 10 the reduction
Of port charges and the removal OF re-
stricti0ns o1 shipping Mt Baltimore and
other ports, and remarked that any and
every compulsory tax or charges upon
commerce beyond what is obviously
necessary tends 30 driy away trade, and
seapert cities Offering br >. facilities at
. less cost-.aQ thiug4 be- K equal will T
have the most commerce.
The committee on yards and transport /
tatiOn called attention to the present |
mode Of issuing special negotiable stor- |
age receipts for rosin by the warehouse /
men. The present form OF receipt simply /
calls for the delivery Of certain number |
of barrels of rOsin of various marks and [
grades, giving no indication as to it's /.
identify or value. On such receipt a I
bank can only loan to q very limited ex-
RENT. possibly al the rate Of 81 80 per bar.
rel. when the rosin NAV really Ne worth /
nom ST. to So. on the other hand. il may /
mot he worth over Sd Is. ia case .
ahe holder Of special receipt .
as collateral desires TO use u and F.
RAKE posaession Of the GOOD pledged this +
receipt entities HIM to select from any
rosip held by the storage company. The
mum Ter Of barrels called for being speei-
fed tbe holder Of the first receipt pre-
Reuted naturally takes the best grade of
rosin. In case three or four parties hold (
Feceints. and 70 becomes necessary to use
khem, there is a general scramble 20 Sc
cure the highest grade oil goods TO the
great detriment OF the borrower. The
verv limited amount which a bank
is willing to loan on such collateral one
rates to the injury OF small buyers on
factors working on limited capital and
relying largely upon borrowing upon their
rosin. IT neces -arily prevents such buy
ers from operating rs freely as they other
wise would, aud lends 70 drive them from
q trade which their business regulates.
leaving the market il the hands
OF the larger exporters VINO might
find it to their interest TO disturb prices to
the general injury OF the trade.
II an owner Of rosin wishes to obyiate
and secure a aDeciaI recent
showing the. exact grade and ma,ks Of .
the rosin in store. he is told bY one rail.
road that it will not issue it. and bv the /
other that it will consent to Issue it,. but |
will charge cent per barrel, thus levying /
q tax amounting possibly to 10 or % per I
cent, or even more of the own. +
ers profits. The committee can see I
no reason for this charge, and /
suggested that receipts be issued repre- /
eenting just what grade ofrosin is 10 store 1
and showing the Inspectors marks on the I
barrels and the inspectors certificates. /
and that they should be Issued without |
extra DnATWH. a snHeiAl delivery order Z
showing the grades and marks Of rOsu /