, 1873-11-08
REtEIrTg,


!!;E:: 49,: +: $
Potatoes, ou:,..;.." 2Ssa aa,7ssl 2i14o 32.22ae
8hingics, m........ 1,1ael 77bN 1,tG1i 838
Salt, br'a.......:... 1.s0of e,892!l 4,ooll 2,tlo
{. Withdrawn from atoro yesterday for city oon~
sumption 5,471 bu wheat; e,416 bu corn 1o5
bu oats; 405 hu rye; 4,401 bu barley.
Tho following grain hase been inspected into
store this morning up to 10 o'o1ock:J 27B 'cars
wheat; 224, cars corn, $1,000 bu No. ado aud
$500 bu rejected do. by canal; 40 cara oats,
300 bu No. 2 do, by canal; 8 cars rye: 80 oara
barley. Total (DDs cars), 272,00o -br,: 49,, =
The recent panio has bad little effect upon tho
operations Of our iron and steel mills, except In
tho ratl department, which has received a rather
.aeYaro check, owing to The fauing OIL in railroad
receipts. Tho North Branch Works shut down
on tho production Of rails nearly u month ago,
and tho South Branch mills will follow suit In
fow days. Tho Joliet worlts are still running,
having several ortlers ahead for railroads which
hove been lcaat affected by the panic henoe,
mono Of those orders have yet boon oance1od.
The leading produce markets we're again weak
to-day, with very uneasy feeling, and strong
downward pressure ellarounti., iThe local causea
at work were rather larger receipts and smaller
shipping mo ycment. .fhe fattor of these was
due to tho operation OF exterior causes, which
waro the results Of the primal cause, scarcity
Of confidence in the future. Ihs first cause,
like tho domon at tho gates Of hell; Is described
itself an evil; but cvery one Of them bearing the
mark Of tho boast, which is lack Of money. The
chief featuro Of tho situation wns impeouniosisy,
actual or fenrad, g.:
Tie news came in early this morning TINT the
Bank of England had advanced its rate Of dia-
count to per cont, and 1t WAS subsequently ru-
mored thAt tho rate had been further put up to
l0.--tho lighent point known in many years.
This WAS ut once Gecognlzad AZ threatening =
cut OF in tho English demand for brcndstufFa
and provisions, aud the result was apparent IN
the commercial kilograms, indicating lower
prices for produce. OF course, New York Was
weak under thoao advfces, and that feeling acted
on Chicago, though It was partially simple re re-
action from our weakness 1T yesterday. Our
markets were weak during tho groater part Of
ANYTHING. -.
noticed for couple OF weoka past, wns intensi-
fed to-day, Almost nothing waa wanted whore
cash would have to bo paid therefor. and that
involved a 1oasened inquiry for future delivery.
There il some disposition to take hold Rt present
low prices, but money is scarce, even to bs used
as margins honco we have comparatively TOW.
speculative ORDERS Hence the markets arc left
moro than ever 70 fho control OF LOCAL apeonla,,
tors, the impeounlous bohra boing in decided
ma1ority, especially as they have received large
accessions from the moneyed meu, who 500 little
rnom to hope Tor speedy reaction from the
present atago OF collapse. ..... ~.--
Tho scarcity Of domaud from consuming points,
for both grain aud provisions. IL easily under
atoed IT,; ;reople must s nave AVE Somethng t 70 eati
tian is necessarily reaucodin seasons OF do
preston. But the paoplo who uguaily buy tor
distribution to tho consumer see no llnmeatato
prospect Of pay, aud, cannot coinmand money
sale ii the future. Hence thoir genera, policy
is to buy only from hand 70 mouth, though troy
may be Obliged to pay more in the winter On
Guiding transportation) than they would nave TO
e ponss Il paay SadS ss ohsas
and It ID Teaay wonder that our atocka hare
been kept down so',yoll uuder the circumstances.
rhe roaeon why We hhyo a!o1ded the aeonnn'
lation or grain, SO far, IL simply that lake
freights have ruled 10y; furnishing strong
inducemens to forward all that can 10 mored
before the eloae al nsvigat1on: bnt there u =
limit even to this, and the limit egema to nave
bnen. soacned fos Whlie, ~, VIA the present
peouniary a.rlagenoy, ~ ~ Sery anoat TO COM 9a,
meuta, though 'thia class OF operations Ia The
most favored by the hankA. ~,
lhdeea. u ,s n93s 10 posslDle 10 oolhin II fae
use OF money WIN wh'en 70 carry gram IN shl:
~ ~ - SA4a .eSs ~ -, o. o, ~ |.' II
hol1efS TO let gG Tor Whatever tnc properly VI
fetch that woakens prlses. M There s reall!
nothlng In the ptoeens altna'lon a., 20 encourage
tue Rlnng uR Or stoeka anu It ~ W. 20 ion1a 'a1d s
30 wee on sae pars & o. 1hose VINO 20 M nov 3 h9'a !
produce, ain san anora 70 move y. g senn y
Toward tomasds .marnes; 10 a maze room 'of Tut
mr1 oo sser, W. =; fOr rSnoat io-aov ann.
nsy sooas we're @ ~ M nae roHaoss so,aay soint 1a
improvement potn an tne 1884, ave outaaae , sae
na:.oe Do.ns aeEor1a, ,,3 nu aIYoangns, T non
VfGE. III uQf A0 AEtatb 6ANA4A p& w tA4h bSl'
q ae eton p ~ r.
1nu oen~ @ ~ aytv 4
demana hat tna caan8e Was zoo n1gas 60 tayoI. oi.
sv aHee rsuatio IL IL sesrs ,yas