Evening journal., 1889-01-31
BOARD or TRADE.



Tenth Street.
The Board of Trade held its regular
monthly meeting in the rooms of the
Builders Exchange, last evening. The
following members were present: Presi
dent. Daaiel w. Taylor; secretary, f. A.
NanTrump. Colonel Milo w Locke.
Thomas Mitchell, w D. Mullen, William
Lawton. E. L. Rice Jr. J. d. c. Farra.
i. Z. Nandegrift, ESQ. William NJ Field,
Albert u. Thatcher, j j. Satterthwait.
H. D. Walters. Charles Curtis. ESQ. nj
s Christy, Charles w Rowland and w.
d, Clark. The committee on post office
reported that the increased appropriation
bill was through the House and would
shortly reach the Senate.
The committee on new enterprises
through w p. Miller, reported progress
The Agawan Manufacturing Company
Of Springfield Mass. wants to locate here.
The plant has six cards and all necessary
machinery. ana cost $l27. 600. The com
pany propose that 800, 900 be put in the
company by this city. or that Joint com.
mittee Of the Board of Trade and the
company appraise the stock with an idea
of starting the business here with paid
up capital stock of $3.50 900. including
building They have everything neces-
sary 70 keep UP repairs. now employ 450
hands. have yearly output of $3.50 900.
II can 30 moved in thirty days The
mill has not been paying any dividend
because, the agent stated to the commit
tee, OF bad management. The
mill Is owned by Messrs. Brown and
kingmGn OF New York, they want to sell
because II is not in their line, they say IL
could be made success here. The aren't
expects to report shortly. The matter
was referred back to the committee To
which Messrs. Fields and Thatcher were
added
The committee reported progress on
the proposal Of Henry Distin Manufac.
turing Company of Cresona. Pa, to bring
their plant for the manufacture of mus.
ical instruments to this city. This com
pany have noRsh capital Of 4o5. DOC. which
u wants TO raise to $50 600. They want
building furnished them as stock into
the company, and will give bonds on the
plant to secure the owner. They employ
hfty-hye,men aud could employ a larrer
number. 1t is paying concern and its
goods are sold all over the world. The
sales room Of the company is now at No
Sl3 Arch street, Philadelphia. If il Sc.
cures location here the Office will be
brought 10 This city. The Board Of
Trade was favorably impressed with the
report Of the committee
L. 9. Vnndegrift, Esq. of the com
mlttee on widening Tenth street from
Market t. Taanall. reported tie work of
the committee. Delaware avenue from
building line q building line is about 23
feet wider than Tenth street. The only
buildings OF Importance on the line Of
Tenth stree. are the Hardness Building.
the Friendship building and dwelling
houses at Tenth and Orange streets.
bulloeks carriage works will come in the
Inc Of the widening Of the street. The
change can be made at a cost OF about
500 VO0 20 $40, 600 The properties of
JOSIAH Morris which take up about one
third q The portion under consideration.
would be made much more valuable bv /
me improvement. Mr., Nandegrift thought /
the matter should oe attended to at
once he said that the increased valua.
ton q Inc properties would more than
cover tAe interest on the amount needed.
40 nave Inc matter attended TO il will /
require ~ act Of Legislature authorizing
the stree ano sewer department to con.
oemn he properties and to increase the
departments appropriation On motion
-Nr 1850 ~ fAi-t litotutut WIS duth OF. |
ice TO appoint two additional members
on he committee. On motion Of Mr..
Nsndegrift tue following resolution was
carried 1.
Resolved That the Board az Trade
indorses The action Of the committee ON
widening Tenth street and urge the ne.
eessity q Immediately taking such steps
As will accomplish the purpose. it being
considered ~ he board as a very neces.
sary Improvement The widening Of
Ninth street from Shipley to Market
street several years ago. was referred TO
as an example Of good results.
communication from Hon. Thomas !
/. Bayarc, Secretary Of State. regarding !
public documents was referred 10 a com. 4
nittee q Neesrs Curtis. Rice and Sat. !
.erthwai- Mr.. Mullen stated that the /
Legislative Committee Of the Retail
Irocers Association desired to meet that !
of the board 70 consider matters 10 the /
Interest q Tie city. ]
Adiour1el al $40 o'clock.