The Portland daily press., 1896-05-08
BOARD OF TRADE.
Important Communication from Manager
Hayes of the CIR and Trunk.

hayes OF the III anu trunk
At the stated meeting of the managers
of the Board of Trade yesterday morning
the president, secretary and treasurer were
authorized to renew lease of the present
premises occupied by the board, upon
such terms as this committee may deem
satisfactory for the use of the board and
Of its exchange room.
Several communications were before
the board. Among the most important
was the following from General Manager
Hayes of the Grand Trunk Railway COM
pany, which ELECTED considerable atten-
ton and consideration:
Mr.. e. B. Winslow, President. Board of
Trade, Portland. Maine:
Dear Sir-I am pleased to receive your
favor of the 2lst inst, rendering the
Grand Trunk the cooperation of the
Portland Board of Trade In the establish
melt of stock yards for the feeding and
resting of export cattle In compliance
United States Department. Of Agrioul-
ture, Bureau Of Animal Industry.
AS your are aware, we have no cattle
pens at Portland and have arranged to
use one of our sheds temporarily, as the
Portland season will now close, in few
weeks and the time is almost too short
for us to provide the yards, especially
at this time of the year.
BY next season we shall have to be in
readiness to comply with the order of the
Department and when we have looked
into the matter and determined as to the
proper location of the yards and the prob
able expense of same, we will be very
glad to have some intimation from the city
Of Portland az to what assistance we may
expect from them in the direction indi-
Gated by your letter.
= Your communication brings up another
subject which 1t seems to be Is of vital in
terest to Portland, if that city desires to
retain Its position as a port for export
grain.
The movement OF export grain daring
the winter has been, as you may have
noted, very largely through the southern
ports and has reached volume never
before known. This Is undoubtedly the
result of providing proper facilities, New
Orleans, Norfolk and Newport News all
having in the last one or two years,
erected modern elevators Of large capao-
ity.
Our existing facilities at Portland are
old and Inadequate. We should have II
new elevator of at leass one million bush
els capacity. With these facilities there
Ia no doubt ct all but that we can more
than double the traffic through your port
and that we could load three or four YES
sells week during the winter season.
will be glad if your board could give
this matter their consideration and see
what steps can be taken either in the way
of bonus of sufficient magnitude TO
serve as an inducement for the erection
of the elevator referred to, or in the way
of organizing company of your own
citizens to erect the building.
We are preparing to make very heavy
expenditure the coming season in the
direction of the extension Of our dock IA
oilities, and If the city will take some ac-
tion on the matter above indicated we
will feel that our efforts are appreciated.
Yours truly,
CHAS. NJ HAYS. !.
Seth L. Larrabee, Esq, made a motion
that committee of five (of which the
president shall be ohairman)pe appointed
to cooperate with similar committee,
if any be appointed by the city govern
ment, to confer with the officials of the
Grand Trunk and citizens of Portland,
possible to the Grand Trunk in securing
more adequate elevator facilities at this
port.
The motion was adopted and President
Winslow was authorized to appoint the
associates on his committee and report the
same to the secretary, it being understood
that this committee is to cooperate SO
far as possible, in obtaining suitable cattle
yards, as we'll as to secure facilities for
the building of new elevator.