, 1862-04-28

being but few propcI1ers In port and little OF no
dock roou, buyers vert not very eager, and they
and Eel1ers we're generally 104115c apart Only
abont 500 barrels changed hands. at $f.9125,10
for good to choice winter extras; $3.sod94.so fo1
medium to choice spring extras: and $25o13.25
for medium to choice spring eupcrs.
The Provision market WIS dull and neglected.
There is little or no de1nand for Ness Pork aud :
We note salee Of only 1c0 brls at 5000. Bulk
Meats ere dull, with sales Of 1,eD pcs country
Sides at 41c loose. Lard Is quiet and nominal 1T
&c for prime Leaf.
Freights were quiet and in1ctiyc-therc being
hut few vessels in port. Only three charters wc1e
made, at lie for corn to Kingston, 7Hc for wheat
to Buffalo, and 1l5ac for wheat to Kingston, ria
Port Colbo1ne.
The Warehoualns of Grnln.
The following are the propositions recently
adopted By tho Directors oi the Board Of Trade Of
this city, relative to the prevention Of frauds in
the warehousing Of grain, and other mattera-a
synopsis OF which we published yesterday:
1st. That all grain arriving IN bulk be inspected
and received into the houses foz such grades only
as he inspector shall direct, except when sold on
and the Inspector shall in NO case make the grade
above the lowest quality found IN any lot Of grain,
when il has evidently been mixed OF J." doctosed'
warehousemen be requested 10 refuse all basssd
grain which shall have been bagsed for this ex-
MICS be requested to prohibit all bagsing on their
3D. That il b made the duty of al Inspectors Of
grain TO report to the inspecting committee all AT
| tcmpts to dc:raud our inspection systen. They
| shall report in writing every instance when a
rTan at lower erade than called or By The ware
| house receipts. They shall a1ao report any aud
every attempt Of receiver or shipper ofsrain i'm
scslon Or opinion Of the inspectors, and also all
| other attempts to deftand the inspecting system:
and when the charges shall ba sustained, It shall
he h E Fame @ Oh the bnietfng q he Exchange room
1 Sd. Tint an arrangement be made with all oar
Warehouzeme9, BY Shich statement be furnish
AID the grade OF the caryo. To make this efecsual
Ill elevators and transfer vessels reports be in
| ciuded.
4sh- That al, grain shipped from this port be in.
5rn: That The practice, Of 1oaning grain b.
be discontinued, and that when charges arc made
| to the Board of Directors, that any Warehouse
man has improperly loaned grain not his own
by The Directors, and ii such charge is sustained
the facts be posted on the bulletin Of the e1
change,
Rfs6Iret7, That it be the duty Of the Chief IN
Epector to keep record OF the weight OF Gra1I
inspected into and out Of each warehouse, Whlcf
| record shall be open to the inspection olany mem
! Der ofthe Board during business hnnrs and thai
be report daily to the Secretary the ayesas,.
weight of the reeepts and shipments ct e e eael .a
port ehall be posted Oh the bulletin toard-
Some exceptions were made on Change to-da
10 CIT structures on the frauds perpetrated in an
Of the warehouses Of our city, because the public
tion might injure the character Of our market. II
are well aware that it was this short sighted polio
| which Influenced the Board Of Trade to suppress
the report Of the Investigating Committee
though it was. 1t Is an error that parvade
| all circles, political as we'll as commercial
and we have always aimed to steer clear Of II
Our policy IL the came az that Of the surgeon
when yon find cancer, cut 1t out By the roots.
may Cause more pain and annoyance at the time
but in the end it will be better. The Directors
| the Board Of Trade have vigorously applied ren
edy, which, If faithfully carried out will be wort
millions Of dollars to Chicago. Any disadrantas
or loss that Is eustained now, will be small cor
! pared with the benefits which will accrue fro
; | the exposure and consequent reform, Whit
we have no doubt will take place. The gra
trade Ct Chicago, large it is, it must be r
membcred, Is IN its infancy, and IS small compa
ed with what It will be ten years hence; and wht
M evil is found to cxist it is the best policy
we'll as the only honest coutse-to root 1t the
: oughly out- Another objection was mad
that we did not name, the warchous
in which the frauds hare been practiced- In t
language Of the report adopted by the Board
e Trade, thoee warehousemen aga1nst which the
9 were few no charges, are we'll known to t
J: commercial public, by the premium which b
3 been paid for their receipts. There are come he
! orahle c1eeptions-and re trust they will beft
= long act as !ea1en to the whole lump.