, 1873-10-02

Withdrawn from store yesterday for city
consumption: 5,091 bu wheat; 4B4 bu corn;
2,002 bu oats; 2,258 bu rye 4,722 bu barley.
Iho following amounts Of grain hayo boon in
erected Into store this morning up to 10 o'clock
165 cars wheat; 26t cars corn; 40O50 bu No.
| 4 10 ny canal; La cara oats; cars ryo 3511
cars barley. Total (470 cars), 22s0o0 bu.
Tho leading produce markots were active aud
strong to-day, with a much bottor feeling all
round, as consequence Of rotrrn of TINT cou-
| tidonco which waa 80 rudely dnshcd yesterday by
| the report that tho Union National Bunk Of tlH
city Lad closed its doors for good ~. As wo
stated In our report this morning, 1t was widely
| expected yestertlay that the result would bo a
strfngenoy In the country that would involve
| tho closing Of considerable proportion OF tho
| 26l banks In the country TINT corrospondcd with
| tho Union National, aud q consequent
rubbing to this market Of tho grain held by thom
as collaterals Oh money advanced to their CHS
tomers It was also thought probable that tho
deliveries Of grain on tie option Of seller Octo-
| ber would DO largely in oxcess Of tho abiity of
receivers to pay therefor, md be Ill additional
cause Of n break in priccs
But in both these respects tho facts were 80
| completely at variance with the expectation that
| pointed. They found that tho country ia safo,
| though tho Union (Nationa) could not DO prc.
| served. Tho country banks did not suspend,
| nor did thoy find my reason for wanting to do
r,llo, but they found TINT the country around
| them was 80 full Of It that raymonta
wore mado with surprising pro1nptncsa.
Not only did, they not want to
sona in money to this city to meet tho indebted
1oss Of country merchants, aud to buy grain at
tho riticnlously low prices which they thought
would rulo To-day, 80, too, it was found that
kot s morning, and tint was nj pcAod M up a. al IN
early hour. though everything had boon do
lisercd tint could be, and d fow found then-
solyes unable 'lS to pay tho full amount due on
their sales. This was soon oyor, and then n
strong, almost buoyant, feeling superyouotl, aud
mon BlIool hands with each other, extending
mutual congratulations tint the storm Ind yo
cut the reefH, and steer close to the wind.
The feeling Of relief was 80 general and 30
complete, TINT tho proposition made by tho
Directors Of the Board Of Trade to lift the ill.,
approval The following resolution was passed
ut noon, without n dIssentient vote. tho rules
requiring twcnty-four hours delny having first
been suspended by vote without a negative:
%'llEREAs, ThH Board, oil tho Goth ut attoptcl by
uuunnous voto resolution suarentng certai1, Of
ita rules until the further order Of the Associations
and
WHEREAS. 1t u now believed that said Auspcnsion
llas accomplished all 1t was intended expected 10 do
aud as tho financial aintus Of anuirs IN the city mud
country has III largo measure resumed 1ts previous
iesolsed, That tho tmo during which snid s,,spcn
sion sal continue sllu cease on the adoption Of this
OF courae, this action dooB not moan that
operators on 'Chnngo shall Immediately puy up
the differences agreed to on settlements niado Of
h lsades e adjusted since the Now York panic began.
rules with regard to margins mud the former
differences will bo in order OF payment just Oh
fast al tho debtors can get hold Of tho money.
II ity may be 10y yell f9r opera.ora to remember that
ever, but especially SO now, mud not to launch
out too largely till the clouds have mora nearly
cleared away from above the financial horizon,
Our Wholesale merchants folt very much better
today, anu for bottcr reason than simply be-
cause homo matters seemed to bo improving.
Not 4 fow had sent out their bills to tho country,
to be presented to-day, mud found large pro-
portion OF them lonorod with tho ready cash.
which enabled them to meet thoir own bills
promptly, or to arrange to do 90 tomorrow when
tho money paid iu the country to-tlny arriveB
hero by express. uonco they woro filling ordors
with little more alaerity, though the day waa
somewhat below tho average. as for two or thrao
days paBt. There was plenty Of money here to-
day III produce circles, and moro outside. Grain
bnyora were re- really numerous, snd prices nd
Of yesterday being completely recovered from.
1lonco tho shipping movement was
worry nctiyo, moro so than on any
previous day this eeaaon and, the receipts boing
below tile recent ayorngo. tic rapid tlininntioni
Of our stocks in store formed IN additional en-
courugoment to holders to hopo for still higher
pricou.
Thore was no change in the general features
Of tho dry goods mnrEct. Quiet prevailed in all
departments, and values wero stoaly, as pro-
yious]y quoted. Groceries wero moving little
moro freely, aud the general market wore a
| rathor better look. The romittancos Of currency
from the country wero lotioeubly larger thai, on
yesterday Or Monday, aud o moro hopeful fool