The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-04-12
THE PRODUCE EXCHANGE.
THE TWEhTY-EIGHTH ANNUAL MEET
ING WAS HELD YESTERDAY.
1t was Decided to Keep up b Organi-
zation-Committee Appointed to Pro-
mote Interest In the Exchange-The
Presidents Report Of1cers Elected.
Mr.. p. PearsaIl Elected President.

The twenty-eighth annual meeting OF
the produce exchange was called to or
der at 11:2O O'Clock a. m yesterday by
the president, Mr. w. B. Cooper, at the
rooms of the exchange.
The officers present were Mr.. w. b.
Cooper, president: Mr.. P. Pearsall, vice
president; Colonel John L. Cantwell.
secretary and
All the members were in attendance,
with the exception Of seven, and a
live interest animated all. The men,
bers in attendance were Colonel VIM.
l.. DeRosset. Captain w. r. Kenan,
Colonel walker Taylor. Captain T. D.
Meares. and Messrs. H. G. S~mallbones,
John Frank, B. F. Hall. d. McEachern,
H. c. Mcqueen, Fl. NJ. Emerson,
L. Vollers, S. p. McNair Chas.
H. Robinson. w. H. Sprunt, ]. w. Nor
wood. VIM. calder. c. w. Worth.
The minutes of the tw~enty-seventh
annual meeting were read and ap-
proved.
IL secretary and treasurer read his
annual report which was received and
ordered spread upon the minutes. In
duullIOil " III SdSI otolCiiiCLip INK oNS
rotary and treasurer states that III
April. 1900. the exchange had thirty-one
members and in April, 1901, there Were
tWenLy-SeVen.
MIR. p. Pearsall. of the nan COM
mittee. alter examining the secretary
and treaSurer'S looks, reported that the
same had been audited, found correct
and approved.
The PRESIDENTS REPORT.
President w. B. Cooper read his an
nual report as follows:
wilmington, April 8.
ITO Members Produce Exchange.
Gentlemen: AS president of your ex-
change tor the past year, we beg to
submit our report as follows:
"Our city was never In d more pros
porous condition. The different lines
represented here are doing we'll, indeed
Everybody is making money, or at
least he tells his neighbor so. This Is
especially true. we think, in the differ
ent lines represented in our exchange,
we are glad to say. We have twenty
five feet of water on the bar and good
prospects of moOring dolphins in our
harbor.
"All of the organizations for the good
of our city are prospecting except ours.
we are sorry to say. Your president
and board of managers nave done their
best to get our exchange in the same
shape as the other organizations, but
so far, sorry to say, We have not been
able to do so. We would like very
much indeed to make some recon-
mendation, but do not know what to
offer unless it be that we increase dues.
If a good part of the members are will
ing to pay $I5 per annum until we can
tide over this difficulty, we will move
along all right. We have only twenty
seven members at present, which gives
us 81. $50 receipts. Our expenses should
be about $4,000. but we could move
along on 81, 800 fairly we'll and give fair
1y full quotations OF the different lines.
Our expenses have been a little less
this year for the reason that we have
not been able to secure Chicago quo
tations since the trouble between the
Chicago exchange and the Telegraph
Company. This trouble has Just been
settled and we are hoping every day
TO get the Chicago quotations. We have
received New York quotations on grain
which will be discontinued as soon as
we get Chicago. We have in the city
twenty-five wholesale grocers, nine of
whom think the exchange of sufficient
Importance to belong to it. Four west
ern packers are represented here, two
of whom are members of our exchanges;
two grain houses, one of which is a
v III IN oAO
q member: five insurance agencies, one
a member; two home insurance COM
panies. neither of which is a member.
All of the railroads and steamship lines
are MEMBERS: two telephone exchanges,
both of which we take and neither of
which is a member; two cotton export
ers. both on whom are members; three
naval store exporters. two are men,
bers: several lumber mills, one of which
is a member The fertilizer people are
members. Dunn & Co. have an office
here and most of us are subscribers.
They have been asked to join us but
no reply has been received. We men
ton these facts just to show how the
matter stands.
W. wish to thank the Worth Com
pany for quotations received from a
Chicago provision house. which they
were kind enough to let us have and
also helped us pay for the quotations
We also wish to la the d. l.. Gore
Company. McNair & Pearsall, Hall &
Pearsan and D. McEachern for helping
us to pay for these quotations for 4
good while.
1--WE beg to say hat a more efficient
secretary for he exchange could not be
had. He has ever been ready OF carry
out Instructions. In fact, has asked
time after time if any orders. Every
detail has been carefully oked after.
Respectfully submitted,
"W. B. COOPER, President"
On motion. the presidents report was
received and a vote of thanks was
unanimously adopted. rendering him
the kindly appreciation of the members
for the same. The motion was ordered
to be spread upon the minutes.
The condition of the exchange and its
financial status was fully discussed by
Messrs. ]. ". Norwood. W. B. Cooper
B.. F. Hall. II. G.. ~Smallbones, w. H.
Sprunt. p. Pearsan. The question as
to the continuance of the discontinu-
ance of the exchange, on account of the
lack of to maintain it efti-
GENTLY, was discussed at length and the
unanimous sentiment was expressed
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