New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-26

such demand for steamers Within day or two there
had been falling of in ra.es OF freight Grain was now
shipped at about III and lad per bushe and miseelane
Gus fruit at Cos and 65 per ton The agent OF the Whte
Star line said that ho had understood that
there was considerable trouble experienced
by many OF the shippers In obtaining
bills OF exchange and greenbacks His line had not yet
felt the effect this annoyance for the that last
week. when rates we're advancing he accepted freight
for the next two weeks the basis OF lad per bushe
for grain, and 7Os for miscellaneous freight The Re
public would take Saturday $4,000 bushels OF
grain 800 bales OF cotton 1000 boxes OF cheese 100 hogs
heads OF tobacco. and q quantity Of miscellaneous
freight He understood that a project was on foot
among the shippers that would afford relief 1t was to
have Brown Bros give their notes for 10 days and to
have these accepted In lieu Of bills OF exchange passing
from hand to hand such.
Mr. Hurst agent Of the National line said that there
had been complaints among their shippers of the dih
Guilty Of obtaining either bills Of exchange greenbacks
for their grain bills. Some of those who had agreed to
ship certain OF freight had informed him that
they could not fulfill their engagements, and asked to be
released Under the law he could demand the freight
but he did not wish to do In these times was best
for everyone TO accommodate his neighbor as much as
possible. He had found difficulty in securing cargo
for the Egypt which to sail tomorrow, but to do this
he had to freight which had been left over and
some cotton which came on from Savannah He believed
this trouble only temporary Freghts had fallen of
within day OF two. probably twopence per bushel on
grain and four or five shings ton on miscellaneous
freight about the figures
At the New-York Central and Hudson River Railroad
Office the freight agent said that they had not felt yet
the effect OF the panic any appreciabe degree They
had dispatched 65O freight during the last six days
He thought this good record. The new rates OF
freight into effect the nth inst These were 10
cents Chicago for rstcase 10 cents for secondclass,
60 thrdcass cents for fOurthclass and SO
cents for hcass The old rates respectively 40,
40, 30, 80 and rs.
At the Erie Office tho employees said that there was
slight falling Of the shipments At the Pennsylvania
Central Office the agent claimed that the shipments were
great before panic and the of rates.
EFFECT UPON THE PROVISION TRADE
A number of provision dealers were visited,
yesterday, by a reporter Of THE TRIBUNE, and ques-
toned relative the effect of the monetary strDgency
In instances they stated that the home and foreign
trade was considerably nterfered with. The wholesale
dealers buy on days credit and sell and GO days
credit They cannot purchase exchange, and the
consequence is that many seriously hampered for
want Of money. Foreign shipments materially
nterfered with by this arrangement OF exchange Many
Of the leading dealers appear to be in the cOndi
ton the bankers and brokers. They have plenty OF
the best paper but in the present state OF affairs the
banks will make discounts loans OF any kind be-
yOnd certified checks and these many OF
dealer Several OF the larger dealers say they
prefer for time at least, to do small and safe bust
ness, hoping that the Inconvenience will be only
temporary.