, 1869-03-20
EEI1INa GRAIa NEW YnRK.

The Wts. has been subj. .cted Tor a long |
time TO vtry expensive delay in obtasr-
tre returns far tnstgnmen.s OF grain to
e1er EesA. TAsa nr@fn Roks first - Buff
falc. where 1t is fhlpped on the canal to
New 1crk. When IT reaches that city 1t i
it Kept on TIE canal bosts, snd sold BY |
lhcconmi5siop men hy the boat load upon
ItScp 20 ;c1 dsys' crt dit. and ct the risk
of.he cons g1os. Ii al any timr, before |
actuAl delivery, ihe buyer becomes dig |
sat.tfld w1sh Els purchase, he can |
refuse 10 accept the grain. aid 1t Is no
unfcuncn thing fur Western shipper
to be advised In the morning thAt his
grain Is sold. and In the zane afternoon.
OF the rext dsy, that the sale Is Of
The purchasers OF this graz are The shia-
pers 10 fo.elEu {orte, who have hitherto
successfully resisted the cash system, AID
hsYe claimed and e1ioJed the benefit Of
seTen to ten dsys' credit, wisa the Incl
dental advantage Of thr3wlng up ptr-
chate In cas-. Of a decline in tho marke',
CT ior any o-her capse-
Fur the Walt OF adequate warehouse
and tiera'ips facilities, Western conslgn-
a1s have been unable 10 bring about any
charge In this mode oi dong business,
but recently there has been organized a
wa1ehcute a1d rltya'lpg company,
which efera to receive the grain On the
dsy Of Its arriva. IN New York, and is-
sue receipts the1eter. Shippers IRON
New York will purchase these receipts,
instead ct ,he gan In boa;s. The com-
mission men, repicscnsing ahe Western
cotsiencr., holding their reseipts, will
te Hh,c 10 se1l Tor cab only, and foreign
slippers must purchase the receipts and
lake ali suM equens risks.
4 delegkhcn Of the New York gentle,
ue1 engaged In this enterprise are visit
ing ahe Western cft,es, explaining The
mtaua py which Wtste1n cena,gnoss, by
serd,ps their gram rec. to s.o1e, car
hold II 1t sEall expensc uatil
II Is satd tos ctsh. Sales 6
the. we1encas- receipts will adm!,
of no backing down, nor any pre.cxs tol
delay. because the foreign shipper, th'
mouens he purchsscs the receipt, car
take his vesEGl 10 the elevator snd get hi
graip. The Board OF Trace Of Buttsl
promptly responded TO this offer, srd sh
Commercial Committee of the Ohicas
Board Of 1rade, yesterday, hy an unAni
nous yote, e1dortsd the action, and nc
pcrttd resolutions which will be acted 0
by The tull board to-day.
TIE }oteiRn snippeys At New York, n
uen who make purchases and repud.at
item 1t plcnsurc, ani Who Iow enjoy
week or ter days credE on all .hey hu.
ksve taken the alarm and On Thursds
cl6tavo1td 10 indute the Ne~ York Pr;
duce Exchange to protest against this re
firm. 1hty Requested the President
that bcdy to csl! a mtcttng to c,nsio
the masier, which that officer refused
do. The shippers then hstd y meeting
their own In The E1ehauge rooraA !; =,
pp.nted ore Of their own number, i
Archibald Bs1str, Chatrman, ard pass
yesolnK}o1s Opposing all reform, =
tfnving that tAsre ,eert a
rrils 10 1s re}ormsd. Trey p'
tested, therefore, sea,nst any favhr bel
given 10 he new or cash system oi 4 II
bus,eess. BY vote they requested u
these resoluunrs be forwarded 10
West by ,he President Of the Pfoae
E1ch,uoc, which rtquts. saat officer
fused; hut the prccet dluas were iof Va
I'd by The Ass@ciA.ed Press 50 acro'sy
the impression wss con7.yt" 'aA'
Produce Exchange, ct its oth;e.a'
piven their s1uc,,on 10 the aettoo
Inc meeting. The hostility 20 the refo
is confined e1c!ussSsly 10 the shtpp'
vhcfe musiyts nsy be 5ud'ed by th