, 1870-10-22
MONETARY AND COMMERCIAL,
MONETARY.

tx.nAY EVENING, G.t q.
Tie l;utf.lo c"urlr al the lstl. has 1oad-
lhE aFaic:e III favor Of the abolition OF the
lreAt1it syetem Of inspecting mud gr1liu.
grain L: Chicago, Eu141o, ard Milwaukoo- Il
urges Return to the s.etam Of selling grain
hy hAtnl'le. mud each hut Oh its OWN rn.r1ts aud
Charges that tile system Of ';ra.line grain il
ft'o io.ineatson Of tls tressni practise Of GAM
ent system OF grim Inspection in Chic.Eo is
Ercssiy unjust 10 thu c,.u,iry shipper in 1nany
Ahniailcez, nor IL there any au,bs th,t country
shirl'cft uattlatai}y a:taupt to retafiate "
- doctoring 4 car OF wheat sometimes, 10 -
10 make II pass for somolhing better than il
is Que StonB thus INDUCES zuother,
and uo Whole system of inspection
becomes game OF cheating. 1t ia also truo
thxt the chuce1tralinn ut a GTest many lots
of grain,-eaclt Ut wtlr,. Is little dif1erc,,t
frs'sa the sl.eF. and wo;,l'i rishtfu.iy sell for
ii;le tslGe:css' lrc,-,tnaer oae gra1e ~
No. =, does Increase tho facility fur gambling
III it. Eut III a market like this, where 10
large lii amount Of Erasu i. handled, il would
be impossible 10 neli caci, lot Of grain by its
own sample II il beloved ,y many that il
tie tIeseat efstem Of grain inspection we1o
s:..a ely abolished, aud each Of iho elevators
required to place ''oa Change" samples O,
wlst IL would receive and deliver on each of
tho Present glsdes Of wheat. or on u nauy
o,her special grAisa ~ each elevator
should choose to establish for itsc1i, tho
commission merchant cualla compare tue ram
pie lie retelseu ftuls, his country customer
will tbs sample "oh Ca1HEs." ;" 2t1a demand
rtItlpt for thai gEare OF wheat fsum tho Gle
SatoF. All thi., l"~evcr. wonli be Of no arail
uElceo tue elevators csu be placed itl cOmnDti-
ton with cach Other far co1ot1y business. aud
that eau uever la until tbs railroads aro
ptl.Eed ~ deliver Etain 10 apv elevator to
Which The country shipper may choose to
sup IT, A. lutE Al y railroad conpels tho
= U1a.r, .h.l..
lar elevator, ami Te1i4es 10 deliver 10 any
oftler elevator lit the t.isr that tho Skinner
may 4eslrc. there wilt he an elevator n,oi,op-
oily sud monopoly alv1ys .n-aus fraud.
It's tiouey market continues to work ciosc
aud - uncomfortable" There il lcee regular
merchant paper l~.lng offered than week o,
30 ago. t'es:au-c the juoters generally arc do
lpS better butilaes than then, Ihcv are
selhcE more eotste, AMI are collecting With
somewhat tetter sliccees III tho country, and
ate. consequently, not obliged 10 ask 60 much
bAnk aid. II it wcse Otherwise with Their,
money would be tight. ~ the bauls have al
Sanced largely on erkiu. ~li:h has been com
ing i'll freely. and their money il being ab.
holtkd in that way to large extent. When
the Packers begun to ntxke nc7vy demands on
the banks, ~ they will nov within the
next ten dxys, it MIR ncceeeita.e the
withdrawal Of capital from grain md oblicc It.
shipment eastward to All extent thai will
AfIcc1 prices.
ln the country money Hecms to he yer,
tight a large Proportion Of tho couutrs
baiAs arc as1tng Tor lsans or x..-tl.scount1
5rCna their correspondents here. Whom til,
hog crop begins 10 come into market liscrally
the relative conditions OF the city aud COUNT.
will be reversed; money Will 10 plenty there
aud tight here
Exchange continues rather scarre and firm,
eltvw11.g that grain is NOT moving East as fas
IA it ought Ut thla ssason OF tho wear. Sale,
ri etcAauge ncie n.ds hetMeer b.nks to-da,
ct 1"r. AZ tho counter l,1Dkers sell At Iii
premium. a:tl t,uy L: ILL discount
ihe following, Quotations for Eul3 in Nca
. = iof6. to-day, were received rs D.rratt 4