Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-12
YEARS GRAIN TRADE.
officials ofExchange Give Account OF
Stewardship.
). R. R. RECEIVES COMMENDATION,
But is Advised to Do Better Things In Favor
of Home Dealers. .-..
A HAPPY CONDITION OF TREASURY
OFFICE OF PITTsBURG DISPATCH.

OFFICE OF PITTsBURG DISPATCH.
TUESDAY, June II, 1889
Attbe animal meeting for the election of
officers held by the Grain Exchange to-day
some interesting statistical information was
presented by the retiring officials. President
McHeurv presented an elaborate report of
the transactions for the year past, winch, at
its close. was indorsed by the hands and feet of
the members who were present in full force.
Among: many interesting items in the Presi-
dents report we Gull only few. The report in
full is well worthy of publication. Its modest
author shows command of English and
mower of expression, which show that the Ex-
change made no mistake in their selection of a
presiding officer for the year just closed.
Following is an extract from President Nc
Henry's report:
While in the past we have been free to criticise
the action of railroad officials charged with the
adjustment of freight rates, when the policy
adopted was against our interests, we should at
the same time be just, and give due credit in all
cases when arbitrary rules are relaxed and any
relief is afforded. In the arrangement now pre-
yalent of allowing grain to be forwarded from
this TO interior points at the through rate from
point of shipment except a switching charge
when brought into the Yards. there is snch a re
lief and the continuance of this arrange cement will
be of great benefit to the members OF the ex-
change.
Praise for Railroad officials.
For such concessions and consequent advantages
Acknowledgements are due to the officials of the
Pennsylvania Railroad system, and we trust that
in the near future sti more liberal things Will be
devised for by these officials, and also by those
in authority in the management OF all transport
ing lines centering here" ="
Another point which President McHenry's re-
He Fxchsnre shonid concentrate their operations
in the open meetings OF the Board, instead OF 10
ing outside, on the curbstones and in offices and
yards. Very little Of the business done by the
dent urged that all should use their best efforts to
have sales made in open meetings OF the Ex-
change.
President McHenry's and superintendent
Alexander's annual reports:
Total receipts for the year ending May 81,
1889, by cars, -four, 1882; grain, S,5o; hay, 40o4
millfeed, l,25l; total, l7,4l2 cars; last years s
total, 1901 cars; increase, ,S95 cars. Total
number of bushels of grain received the past
year G, 49l, 800, or a tonnage Of 227,925
Receipts for the year as bulletined at the Ex-
change were: AZ, 800 barrels of -four, 1853, 500
bushels OF wheat, J, ,20l. 200 bushels of corn 4l2
55O bushels of rye, 2,sO6OOo bushels of oats,
The above receipts only include the grain,
-four and hay delivered in the railyards of the
city.
Not on Ihe Records.
Large amounts were handled by dealers here
which do not stop, and are therefore not re-
ported in exchange transactions. Superinten-
dent Alexander stated in his report that from
one-third to one-half of the amount handled by
Pittsburg grain merchants did not appear on
the Exchanges records
The average of prices for the year were:
Wheat, 9S5c: ear corn, AZ SIC; shell corn, Al &c;
oats, 3415c; No. timothy hay, SIS 25 ton; No.
] prairie hay, S11 70; bran, Sl4 "a; middlings,
Sl7 S. The average of prices for last year were:
Wheat, S516c; ear corn, 561zc; shell corn, 5S75c;
oats, $3.50; No. l timothy hay, SlS 70; No. l
prairie SO 42; bran, Sl7 10; middlings. SIS 81.
The treasurer and chaplain, B. McCracken,
reported that the Exchange was in the condi-
tion commended by st. Paul, ''owe no man any,
thing with S6OS 06 over and above what the
apostle required
This work of superorogation would, however,
have strong demands upon it the coming year,
as surplus funds would all be needed and more.
The chaplain closed by saying that mans ex-
trelnity was Gods opportunity, and that he
had no doubt the needed funds would be forth
coming in due time. The expenses of the Ex-
change for the year closed were s, ,265 l3.