Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-15
FEATURES OF TRADE.
Reports of Transactions at the Grain
Exchange This Year.
HOW CEREALS HAVE FLUCTUATED.
Unusual Activity in All Agricultural I'm.
plement Lines
EovIHBNr TO HOLD UP HIDE PRICES
OFFICE OF THE pIsfAroH,
PIrTsBuRG, TUESDAY, June a.

PITTSBUhG, TUESDAY, june T.
At the Grain Exchange to-day the main
business was the election of Q Board OF
Directors for the coming year. The Off
cials who have served for the year past pre-
sented their reports which showed yeal
of prosperity TO the Exchange. President
james Herron's report was an interesting
resume of the work of the Exchange, with
comparisons between now and former years,
showing the wonderful development Of
trade in the line Of cereals The treasur-
er's report was greeted with hearty ap-
plause, the report showing q balance OF
sos 66 in the treasury.
Superintendent Alexander furnished
statistics which were indications OF q very
healthy condition Of trade in the year now
closing. Thirteen new directors we're
chosen, who will meet on Thursday, June l6,
and choose the officials for the coming year.
The directors chosen were: r. S. McCagne,
J. W. Smith, d. G. Stewart, E. B. Mahood. z.
ID. Elw ood, James Heron, S r. Patterson,
d. Witmyer, G. W. c. johnson, John Hood,
j. c. Houck j. A. McCracken. There was a
tie vote between j. J. McCaffrey and s.
McNaugher.
Grain Exchange Cereal Statistics.
The following facts of interest are culled
from Superintendent Alexande-'s report to
the Grain Exchange: Receipts of flour for
the year past, as bulletfned, 1854 carloads;
wheat, 1880; shell corn, L55O cars; ear corn,
7ss; oats. $3.50; rye, lass: malt ana barley,
l.O5l; mill feed, L17s; hay, 3,5l2 and straw,
lSs. Total receipts for the year now closing,
lS440 cars against ls, $50 cars for the previous'
year As the capacity of grain cars
has been increased the past year,
the total tonnage of cereal and hay receipts
shows gain this year over last. The hi chest
price of wheat reached during the year was,
according to sales, 81 q, and the lowest sc
per busheI, the latter price being touched
within a few davs. No. yellow shell corn
sold as high as 7Sc and as low as 45c per bushel
during the year. No. white oats was sold
as high as size and as low as $3.50. The
highest price for No. i timothy hay was
sl4 Is and the lowest Sll 90 per ton.
Farming Tools Active.
Dealers in agricultural implements report
unusual activity in this department of
trade. One of our principal dealers in this
line, had this to say of trade: I'VE have
now on our books orders for cultivators,
reapers and mowers, which we will not be
able to d II for a couple OF weeks. Our vol
ume of trade in the line of agricultural i'm
plements has exceeded that of last season
at this date more than 30 per cent" The
trade in seeds is practically over for the
season. Millet and buckwheat are about all
In the seed line that are now wanted. The
volume OF business in seed lines this season
mas been iully up to last with prices hlgEer,
Action of Hide Dealers.
As an Offset to the movement OF New
England tanners curtailing the output of
leather, hide dealers have heen in session
the past week in chicago to hold up prices
OF hides. The current Chicago Hide and
Leather has this editorial comment on the
action oI hide dealers:
"Adversity has its uses. If hides mad been
selling freely and at full prices, the conven-
tion of hide dealers in Chicago this week
would not have occurred. The readiness of
the trade to meet and discuss the weak
points of their business was wise and timely.
The decision to refuse to buy hides flat" is
commendable. Such rule ought to have
been enforced long ago. In future, country
butchers will have to grade their hides as
No. and No. Q The Hide Convention
passed stringent resolution to this
more careful in haying; one cut will
cause a hide to be No and not
3D." as formerly. The dealers in their de
bates and agreements frequently alluded to
the fact that they 1epresen ed only a portion
OF their number. They felt nervous about
binding themselves, for instance, not to buy
fat, while competitors might step in and
secure their trade. This argument was met
by the very sensible reply, that if others
wish to lose money or work for nothing, they
should certainly be allowed to do so. But
the necessity for reform is so urgent, that
hide dealers all over the country will see the
wisdom and economy i'm adopting the reso-
lutions of the convention. These resolu-
tions received careful and critical e1amina.
tion from the leading hide men of Chicago
and Ohio, also the West"