The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-10-10
WILL ALL PULL TOGETHER.
The LumbeTmen Enter Into an Agree
melt TO Regulate Prices.


change at the Meeting Held Yeste--
day-Assooiate Exchanges to Be Or
Fanized at These Ports-The Exchange
Not Trust, But Formed to Regulate
Prices and Correct Evils and Abuses.
The Southern Lumber Exchange held an
important meeting at the De Soto yester-
day, at which the lumber interests of the
ports of jacksonville, Fernandina and
Brunswick We're consolidated with those
tributary to Savannah, thus enecting a
combination for their own protection of
practically all the lumbermen in Georgia
and Florida.
In this association are practically con-
soidated all the lumber interests of i'm
portance tributary TO the South Atlantic
coast. The meeting was called together
at II o'clock in the morning, and at that
session all the matters in connection with
the formation of the exchange were dis
cussed. The final consolidation and cleo
ton of officers was effected at the after
noon meeting which was held at O'Clock.
The Southern Lumber Exchange was
first formed on Sept. IS, when the lumber
men, whose territory is tributary to Sa-
vannah, met at the De Soto and formed
the association. At that time they deter
mined at a subsequent meeting to take in
the interests tributary to the other South
Atlantic ports, and this meeting was
called for the purpose. A large number of
lumbermen who do business at Jackson
VILE, Fernandina and Brunswick were
present.
With those who were added to the ex-
change by this meeting the following is
a complete list of the important firms
composing the exchange.
B. B. Gray & Bro, Pine Bloom, Ca;
w. T. Lott & Co, Duke, Ga; Beaver Dam
Lumber Comp any, Munneryn, Ga; w. O.
& a. W. Donovan, Lyons. Ca: Cooney
Eckstein & Co, Savannah; Frierson &
Co, city; Beckwith & Rogers, Sparks
Ca; Bibb Land and Lumber Company
Cox, Ca, Thomas Lumber Company, Mi
Ian, Ca, Z. 3. Hunting & Co, Baltimore
Nd; George NJ. BrinsOn, Stillmore, Ca;
Perkins & Co, Meeks, Ga; E. Z. Foy
Manufacturing Company, Rocky Ford,
Ga; Dixon, Mitchell Co, Savannah;
Perkins & Bro, Harrison, Ga; r. NJ
Garbutt & Co, Swainsboro, Ga; T. w
Garbutt & Co, Gafbutt, Ca; James Lum-
Der Company, At'rain, Ga; McDonough
G. Co, city; Columbian Lumber Company;
Greer Bros, Ada Ca: Pierson Bros,
Ga; Council & Grady Higgston, Ca;
Georgia Lumber Company, city;
Afford 6, Sloan, Willingham, Ga; Drew
Lumber Company, Columbia, Fla; Dial
G. Upchurch, Florida; Allison & Coleman,
Rountree, Ga; Dexter Hunter Lumber
Company, New YORK; and Jacksonville;
MaiIette Bros, leighton, Ca H. p.
Z proe T.urnli C0mnauv Mid
vile, Ga; Jesse Thompson, Augusta.
W B. Seymour & Co., Brunswick, Ca;
Ca; West Bros. West Farm, Fla; W. d.
Wheelwright & Co., Brunswick, Ga;
Cook Bros. & Co, Brunswick, and Hayes
& Lamb, WadIey, Ga.
The meeting organized and adopted the
rules and bylaws which were formulated
and adopted at the meeting of Sept. is.
It was then decided that associate ex-
changes be organized at Brunswick, Fer
nandina and Jacksonville at once. The
main Office of the exchange, or main eX-
change, however, win be in Savannah,
and the following officers were elected for
the concern:
President, J. ]. McDonough; vice pres
ident, T. ]. Agnew; secretary and treas
urer, Norton Frierson. Board of man
ayers: J. ]. McDonough, T. j. Agnew, J.
J. Cooney, NJ. W. Dixon, T. s. Wylly,
George w. Perkins, and the three vice
presidents of the associate exchanges at
the other ports, the officers of which are
TO be elected by their members after
those exchanges have been organized.
The exchange will secure permanent
headquarters here shortly for the use and
benefit of its members.
The following is substantially the agree
ment into which the lumbermen have en-
tered by uniting themselves with the ex-
change:
I'VE, the undersigned present at the
above mentioned meeting of Sept IS,
hereby pledge and bind ourselves to con-
form to and be governed by the constitu-
ton and bylaws of the Southern Lumber
Exchange, adopted at said meeting, and
further bind and pledge ourselves: That
we will not sell merchandise lumber
of ordinary sizes at less than Sll.50, based
on an I. o. b. vessels price, at Savannah,
Brunswick Fernandina and Jacksonville
And we also bind ourselves that the min
imum price on fourteen QD inch lumber
under 30 feet, shall be $12 and sixteen
Q6) inch lumber, under 30 feet Sl3.
If delivery price is desired or made
at any of the northern or eastern ports,
the market rate of freight and other ex-
penses to be added to the f. o. b. price to
arrive at a delivered price.
The mill shall receive pay for all or
ders taken at combination prices at not
less than ten $50 dollars f. o. b. cars.
OF the Southern Lumber Exchange shall
stop with those points already taken in.
A prominent member of the exchange said
that the lumber firms of New York and
probably Baltimore also would, in all
Likelihood, sign the agreement and come
In The lumbermen say that the exchange
has already done the trade much good
and that while the ports south of Sa-
vannah were still open, the Savannah
lumber dealers sold large orders at the
exchange figures.
1T is not a trust" said one Of the mem
bers, las there is no consolidation OF
capital or interests. 1t is simply an asso.
citation Of the lumber dealers formed tC
regulate the prices Of their product and
TO correct the evils and abuses that have
heretofore been prevalent in the trade
such as the cutting Of prices and the eff
forts OF purchasing agents of corpora.
tons to get their supply at ruinous pri
ces to the trade by representing that a
firm, if 1t desired to fill the order. Woul5
have TO go below certain figure which
was named, and the figure last quoted
would be named to the next man who
came along in order to make him cut still
lower This thing went on sometimes tc
such an extent that the lumbermen lost
heavily on many trausarti0ns and II