, 1874-05-09

llaye forwarded about 10 per cont moro, 1t will
to yet n thu: there haa haor MI addition Of mot
fat Item ~ ,jer cont to Their 1ecot,tu during rio
past Winter, Tho farmers, tbon, aro rio!,us than
over, and tlo question is,
now AnE THEY usfNd
thelr Increased wealth It. is undoubtedly truo
that They aro not spending It as thov naed to do.
Tho aranBors' inovon,ont ha8 opellel ,lioir oyas
TO the value OF roady money III making pAr-
chnses, aud, inatoad OF now going to tho store
tner a 0s 'a nna argassu"s% gav sg pi%ss& % &
protor to tako tho cash In hand,
buy leHs quantities., pcrhapB, but obtain
ing tho nrticleH for much leas prlccs. And
herein lies tho Aecret Of tHo important facts.
In tho first place tho country doaler has not
boon nble 70 sell sucl, largo BILLS Of goods to
tartnora ID no used to do wl,en thoy took them
Oh credit. aud, therefore, 1,o buys rathcr
SMALLER LOTS THAN FORMERLY
from fso1 the W0esa,s ~ dealer nH she latter
many country dealers who used to go to New
York. aud lay in large stocks Of goods, now fool
that 1t ls not worth thoir while to travel to tho
soaboard to make comparatively small pur-
Chicago. buying smaller quansltieH Of aoods,
and being able to pay cash ihorefor, as they ra-
cetvc roady money In d lnrge measure from tho
people to whom they soll. Hence tho larger
percentage Of goods sold in the country IL sold
to soil for lower prices, because, instead Of CIV
ing from sixty to ninety days credit on the
creator portion Of tho goods, they now give but
thirty daya in some cases, and tho balance Of
PURCHASES ARE MADE WITH CASH.
80 that, oyon though our dea!ora are now doing
business on nominal1y 1ess profit, yet many Of
them easn actuhlly moro money than they used
to do under tho old order Of things, because
they nro able to aeyo the payment OF hoavy, per-
contages In tho shape of discount on bills to
Nov York factors, or to tho banks Ia Chicago.
The fact that the farmers have found out tho
value Of ready money in buying goods has nlso
tonded to
nErnEss SPECULATION m PRODUCE
In this market, In which mauy have indu1ged In
past years: MANY farmers wore in the hapit Of
Eonding all their spare money here, or, which iB
Just tho rame, oepositing 1t In a country bank
to the ortter OF Chicago commission merchant,
to bo uaed as margins to insure the performance
Of contracts to deliver or reooivo grain In tile
future. This Involved a largo amount Of trad
ing iu options On tho Board Of Trade on county
account. much Of which has been wanting since
the beginning Of last wintori and, in conHe-
chants now complain that thoy arc doing very
much lesa business than tley used to do Oh
country account. But thcso commission men
are. about the only ,onos. who aro injured;
and for every dollar kept out Of their
pockets, It is eyident TINT a great many dollnrs
are turned over in the cash purchase and sale Of
property In what doalers often call the leglti-
mate way" 80 that, IL thelo Is less of general
speculation On the purt Of the farmers tla. very
fact las enabled them to
FORWARD THEIR PROPERTY
townrds q consuming market. to rccoiye Qood
pricos therefor, and leave speculation in such
articles to The capitalists Of tho city, who t],iul,
tLiuk they cannot lind any better uso for their
money.
THIS view Of the case explains tho anomaly
mentioned in THE TRIBUNE, several DAYS ago,
Of large amounts OF money belonging to country
holders lying In Chicago awaiting Investment.
Those men who lave money to spare. in
stead Of sending it lero to commission