, 1873-10-03

teFuh1 NlleA Hha 1loL III tilb lI6ut u1lettp4t "hh
tito protest Of chocl for $3.50 on tho Marino
Company. Tho liabilities Of this institution aro
too small 10 bo Of my moment to tito general
banking business Of tho city, and, nlthough tho
afrar was gonorasly known on tho stroots, it did
not causo ripple in business olroloa. Tho Marine
Company still Inns fourteen dayB under tho
low, to pay tho demand made upon It,
Among the ban1,a tloro Is stronger feeling Of
security than at any time slnco tho failure of
Fisk l. Hatch. Tho amount Of currency In
most Of the banks is steadily and rapfdly in
oronsing. The express receipts OF currency in
this city yoatorday wero s3,555,000, which is
$500, 600 more than has been received during
any ono dny since tho now influx began. Ono
groat rcliof tint will be afforded by those
heavy raceipta Of mouoy is tho pay
mont Of tho notos maturing in banks Mt
this time. Tho Eastern railroads re-
port no epocinl change from tho situation on
Wednesday, which means tint they arc shipping
stock and grain Us rapidly as their facilities por
NIT Tic Western roalH havo ontiroly rocovor-
cd their buslnosa, which indicates that tho money
for grim has alroady reached tho farmers aud
country dcnlcrs. Ono of tho most encouraging
features Of tho day IL to DO found in tho reports
from tho manufacturing establishments, most of
which have all they Gun do, como of them
working nights and Sundays. Tho Chi
cago Rolling Mills, which ornployn 1900
hands, has not got discharged d single
workman, md tho management foresco no ncdca-
Bity for reducing either in their force or wages.
wheat, aud corn held the price Of tho preceding
day. The shipments were gig, 900 bushels of
whoat aud 100000 Of corn. Tho bo1icf
is Expressed TINT there Is nearly enough
money Oh Change to buy up Ill tho grain
in Chicago. Tho Wholesale merchants report
that they arc making their collections much
more promptly thnn thoy Lad anticipated. Late
in tho day there was n slight anxiety, owing to
wild rumors on tic street OF now and serioua
! trouble in New York, which WAS soon lissipated
when tho report was found to bo without founda-
ton. Such rnnlors must DO expected for aono
days to conc, and they should not DO needed un-
| til tley aro fully confirmed.
Tho failure of Grinnoll 4; Co., a firm of Now
York brokers doing business for Vanderbilt, was
tho aensation Of tho day in New York. They
| aud Now York Central for Vanderbilt, and had
hypothecatod soyoral thousand eharcs OF
these stocks, distributing them among thirty
three different brokers, Lawrence g. Co., 4. II.
6artsloruo, L. T. lIoyt, and Leatt, Strong l.
Co.. being mentioned as among tho heaviest
announced, it occasioned neither surprise
nor anxiety. Tho subsequent information
| TINT tho firm had leen put into baul-
| ruplcy, aud TINT tho Court had grant
| cd an Injunction restraining the hold
| ers Of their collaterals from selling, caused
great indignation. THO effect Of tle Injunction
| III to lock up about e1,500,o0o which might DO
realized on tho sale Of tho stochs. Collueion iB
freely charged, in which Augustus schcn is
said to be implicated, and tho firm has
Of stock-brokcrs at tliH time Inns little eig-
nihcance. Tho effect Inns been discounted,
| as it was we'll known, whom tho Exchange waA
closed, that many brokora would be compelled to
suspend whenoyor the tulos should 10 enforced.
| Vanderbilt seemB to hayo adopted the jay Gould
policy Of letting his brokers suffer for La sins
aud, il others so down, the commercial comrnu.
nifty will 10 in no wiso affected. The best
featuro Of tho situation in New York
is the gradual reduction Of the 1oan-certilcates
brought about by the regular payment Of notes
or tho salc Of collatorals On which they wero is,
suod, This nows is strengthened by tho faet thn'
greenbacks declined to two aud tllroo conts
premium over loar certificates, which
indicates that the latter aro worl
fran to 8 cents moro than the day before
There was also q shipment Of e244 900, O,
about 81 ,22o 900 gold, from Liverpool. Yesterday
showing that tho demand for brcalstufrs is Us
sorting itself.
Tho aigns aro encouraging all over tho coun
try. In many places there aro no oyidoncos Of
panic wLatoyer. No suspensions aro reported
throughout tho West. a great deal Of mono,
has gone iuto tho country. Tho farmers have n
no time sacrificed on tlloir grain. When til,
price declined thero was no money tt
buy, and consequently no sLipmonts made. Till
1aBtod only fow days, and the farmers hay'
been getting about a lol!ar n buahel right along
tits altogether probable that tho crops are nor
moving more rapidly, by way OF reaction an'
on account Of ncroaso i'll demand, than 1t Their
llaa boou ITO financial Hurry. Tho movement o
tho crous IL the lingo upon which tho proaporit
OF tho country turns, aud it has bocn well lubri
calcd with graonbucks during tho past wools.
HOW THE FARMERS CAN "REST0R1
CONFIDENCE"
Il Ia tla commQunat rcIunrk Of the iaY TINT LII