, 1874-02-14

| HOW THEY DO IT IN NEW YoEE+
At the last monthly meeting of the New Tork
| Cheap transportation Association the following
| communication mas read. furnishing its own
comment Ofcouzsa the names are fictitious !:
Dec. 2, Mr. Bangs shra to me from Milwaukee
twenty cars Of wheat all reported bill Of lading
Dec. 90 two Of the shipment arrive by the Hud
son River Railway, aud are put in the main hatch ct
the lighter Starlight. Tho lighter has two
| and four cars Of wheat for Brown CO, Dulsbeads
have been hurricdly constructed In the boat Keep
the grain separate and either the bow hatch storm
hatch must be discharged before my two
| out Tbs Hudson River Railroad nghter1nan reports
the two Of wheat and asks for orders to tow and
dtschArge or pay *s for each twentyfour houra de-
tenton Of the boat after the first trty-sx hours,
offer tho two cars Of wheat for sale and to avoid
damages sell promptly. The fact that there are
but TWO Of my wheat buyers to pass me-
for they know the uncertainty OF delivery and risk OF
damage which they incur. see my neighbors selling
but must take t57 because mine il only two-car
lot. TO avoid the possibility Of damages sell $751;
aud the buyer orders to seud the lighter Starlight
to the steamship Spain. give the order to the light
erman, but he tells that the two OF for
Smith l. Co. in the bow hatch must come out first
tho bnlkheads will break md mix tho grain in the
Starlight So the Starlight goes up the East River to
deliver the corn, and when that has out the four
to bs e on ee hes
goes @ to the Atlantic Docks to discharge g. 1a Biowa
l. Co.'s four wheat, -Four days have
now hcen consumed aud Friday has come. The buyer
Of my wheat notifies me that the Spain will satl satur
IA
steamer Spain promptly: they must reject the pur-
chase rush to the .!!5h.erInan and plead for dis
patch. but the lighter does not nniah Brown Co.'S
wheat until late Friday night and then she tow8 to tho
steamer Spain to tind my wheat rejected send for
another sample Saturday morning, aud must sell It
again. The market bus declined cents, and T must
take $l55 for it, but the buyer must haye Monday to
&c. It out Finally my two cars discharged, and
the ghtcr1nan sends me bill Of additional charges
tonnage SC; damages Sunday aud Wonday, $1o tota
SIS, which, on TOO bushels Of whea is ~ cents per
bushel The wheat las been floating about New York
Hk1t>xr TJn.,r
uukee seven days Of additional interest," Thus two
cars of the 30car shipment finally disposed off, and
twill be good fortune the remaining IL do not share
like fate by coming to me IN two three four five
car-1ots. These two cars the Starlight net Dangs
~ cents per bushel md seven days additional interest
less than full boat-oad Of the grade Of wheat
he has shipped by canal and has been holding aoat
in the harbor. wrote Bangs, Of Milwaukee, when
sold the wheat in the Starlight at $751; and now must
express deep regret that the wheat was rejected and
resold at S1.55, with ~ cents 1er bushel additional
charges, and seven days interest Disguised Bangs
him statement Of the long list Of charges the
twenty cara and express regret that the outturn Of
from Milwaukee. There is no recourse for Bangs. |
done honestly by him, but he stops shipments to
New York and sends is wheat to ph,1aaephia or Bal
ears aud avoid shortage.
LATEST. |
Wheat and corn were III fair demand in the |
afternoon. and hrmer- The former sold at
$1.1835@1.19 seller March, closing at s113M; !
seller April at s1.2114. Corn sold at 56N@57Ec !
seller March, closing at the outside. Seller May
at C211{ {@G233zc.
CALI BOARD.
Provisions were quiet ID the afternoon, though /
pork and lard met with moderate demand. |
the latter boing shade easier. Mess pork, cash |
or seller the month, quoted At sl3. .so@l4,oo
soller March, 91+1o@14.15; seller April, s14.35
@14.40; seller May at el4.60@1465 !
Lard, cash or selle1 the month, $685.; seller
March, ss.ss@e.90; seller April, s9,071zc;
seller May, $3.50. Short clear, cash, quotable !
at 75zc; seller March offered at 75c; seller
April at Sc. shcrt ribs, cash or seller tho
month, 715c; seler March, 7114@72<c; seller !
April. 724c. Shoulders, cash, held st SIC; seller
March, 519@514c; seller April, 55@@6c. Sale, |
include boo brls mess pork seller April at s1440;
], 900 br1s do at S14.3715; $50 br1s do ut Sl435;
5o0 tea lard seller March at $500; 500 tea do |
seller AnriI ut S9.07l%