, 1874-04-30

WEDNESDAY, EVENING, April 20.
City trade grows bcttor az tho woathcr im-
proves, aud city collections will soou pho"
gain.
Country collections aro not good. Farmora
aro busy with their work, aud tho bad ~eathof'
has adlod itB influence to koop t)icm from tne
towna. Country mcrolapts aro very cautious III
making their purchases Of tho joobefs nora
Tho panic Of last fall las matlo thom consofva-
tive, and has introaucodn wholesome economy
among tho people, Which makcs tho 1nofon"n'S
unwilling to keep largo stocks on mana. ~,
With alt this increase OF cantio"s o.o ~ WV
hoathlest slgus Of which Is greater oisorl'n'nn'
ton In credits, b1slnose is settling ao"n ~
sate aud stoady basis. a slgaapeans aso1 N an"'
fower country merchants nave eon4piu.
mised on their paper tns eoaaon tnH'
for soyoral ycara past. The o1pano1oh
ia an,n,y that since tho panic they have beon aa-
'iustinr tboIr operations to now order Of things
}nvnIvln1 ellottor credits, andmoro careful ones,
groater economy In expenses, md smaler ssocks
on hand. ~.
Withdrew thoir funda from bank laat fall are now
toDosting them again. Ihoae md new waccountH
oponed By now-oomors and BY thoao who haso
not hitherto kept bank accounts, make notico.
able foatl,ro In tho busineRa OF somo OF ot'f
banks, ono Of which reports sixty such now ao-
counts oponed in April, ,, m
In tho money market matters aro dull. The
demand for loans Is light, and tho atagnation
The rato Of discount ia SOLO por cont. The hg-
11rcs which wore Published IN our commercial col.
u1nn yesterday allow that tho produce hustneaso
Chicago is very much hoavior tlan it Was last
year. Since Aug. l, 1878, nearly 12,oo0 600 more
bushels Of wheat have been received here than
in tho ontire yenr preceding. This wlont haB
been go,ug Enat nll wintor by rail- These facth
chow on what firm and growing basis the onsi- sI.
movement by rail, owing to the cheanneas Of
rail freightg, may 14nve It's effoctB In diminish-
Ing the ordinary uotivity Of 7ater freighte,
sYhnn navigation opons. ,.... -. ~,
Tho Clearing House atatomont Ia s2,800,0o0
THE TEA TRADE OF CHICAGO.
On Hlondny last ,we gago II this column tho
statisticB Of tho direct trade OF Chicago IN
This city has also a largo diroct trade In toas.
Like tic coffee trade, tho importation Of ton Ia
ofrecent development. Tho first consignment was
received threo years ago, and about one-thtfd tho
either by steamer yin San Francisco, Or by sail
vesBols via New York. ainco Juno, 1878, there
have been imported from China lo, lao half chesta
and bao toas frS a i2nRanf RRaf half
+. Tho total amount handled BY the trade in CHI
cago for tho year onding Jnnes 1s74, will DO
about 100 600 half Ghosts; ]. o. 5000 600 pounds.
This year Chicago frm4 havo already sent out i.
Glo0,0oO (55oo,ooo) on tho purchase Of the COM
ing crop.
lisbol tea market, In tho fact TINT throughout
the year thero is alwaya to be found hore a full
assortment OF tens, from which jobberg may
mako their p,1rohaRcs. This has alroady begun
to attract purchasers from 1lilwaukoe, Detroit,
st. Louis, and many iobblng points throughout
tho Northwest, who are supplying themselves IN
part ut this market. -.
Tue total trade Of Chicago in tcas Is nearly
twice as grcnt as that Of Cincinnati, milwaukee,,
and ST, Louis combined, which handle but SO,
900 packages yearly, wliilo Chicago sel]s and
distributes 100000 year.
It is evident from tho rapid growth OF the
direct ten trado Of thus point III the last three
years, and tho increase Of tho johbing trade,
which distributes much larger quantity than Is
directly imported that Chicago is deatinod to
become one Of the largest toardlat5ihutiug
points in tho country aud that In tea as in other
staples, a largo part of tho jobbing trade that
formerly wont to New York will be diverted to
Chicago. This diversion operatas eastward as
wolf al westward, and is perceptlble aa far east
IS Toledo.