The Morning herald., 1875-10-29
THE HERALD.
WlLMINGTuN.OC OCTOBER 90, 1876.
GRAIN AND DOLLA RS.

'proverb "Hope deferred naketh the hear
sick" This they have had cause to thinI
as regards the many promised revival
in busm.ss. Certain signs have cauSst
predictions repeatedly TO be made that thu
revive! would come at stated period bu
every look forward to these periods hav,
been ,ewa ded by disappoin,ments. Nov
the news is more cheering than ever before
aand the predictions are made by the mos
substantial business men in New l.-
Tue bankers in that city, generally, ar,
Offering money more freely than at any
tims since the panic This shows ths,
there is at the present time plenty Of
money 10 supply the de ands of trade,
which i, gradually finding its way into
mark. gain, ana csn:rcvcrtins tho
statements made of Its scarcity. The
cos ar. being placed upon the mar
kets, and we may expect therefrom strong
flow of money as soon as they have
all found their legitimate channels Of
trade, which j, is very reasonable 10 sup
pose will mark the turning point in the
state of trade. Both South and West,
the cereals have turned out well. In fact
better than had been anticipated after the
serious ovsraows in beth these sections
They are rapidly being marketed, which
promises we'll for the future legitimste
trade Of the products and large amounts
will be realized therefrom.
This is precisely the state of affairs that
the neople have been wishing for to effect
the changes in the status of trade for the
better. Ee etofor- since the panic began
we h4vs had alternate good and bad crops
Tie former was always Of that kind to glut
and paralyze the market, while the lat
trr was SO limited as to hardly supply the
INN ,diate demanls and of course there
was no flow fron it Of money. This year
it has been steady yield. Chicago forms
the grainery and depot for the crops in the
West and Northwest, which flow to it by
the natural channels of river and railroad,
and situated directly upon Lake Michigan
no hotter shipping point for the cereal, of
thar broad and productive country could
be found. Milwaukee also affords a good
garnering p'int for crops, but Chicago
ewing TO the country which it is the centre
OF trade in being more arabic and it, fa-
<ilities for the disposal ef grain better, it
is much the most important point in grain
trade. The following shows the encourag-
ing produc, Of grain thus early in the sea-
sson: The Chicago elevators contain 80. G6s
bushels Of wheat, 1874, 42l bushels Of corn,
1881 bushels of rye, and 309, LA bush |.
Of barley. Total number of bu.hel.
o,l95,l33, against 2,54l,o36 bushels on.
week ago. Milwaukee elevators are stored
with 5So,709 bushels of wheat, 1880
bushels Of corn, 3S,74s bushels of oats,
S,loo bushels Of rye, and s7,9l9 bushels
OF la-ley.
The flow Of money from TINS source will
necessarily be large and will have its bene-
hclal effects upon trade. 1t has occupied
place in the histories of all countries. that
when the cereal crops were large, new
era Of prosperity always dawned upon that
country where it occurs. The South is
pouring into the seaporss for shipment it.
quota Of tue large yield in that section,
while the local markets are being well sup
piled, and the revenues that must find their
wsy from this source into that much i'm.
povenshcd country, will aid greatly in re-
'cuesrseins the crippled condition Of its
industries and the shattered fortunes of its
people. Over the enie country i. will
Circulate itself, finding a way to the far.
1ner and the hnmble .oiler; stimulstin.
the .aiR'reM Eanches Of business, incrsas.
Ing the demands for labor and creating the
revival in business generally that has been
SO long looked forward to =; promoting the
demands for manufactured goods and set-
Ting the machinery Of business in STEADY
and active motion. The Lake and Canal
navigafoa will soon close, when transpor.
auSon will revert to the railroads which
will find active and remunerative emsloy.
ment in moving the crope. Altsgethez the
outlook is favorable, and although We may
suffer from the pinch and want Of money
fr = little while, the supply is like
ly to be abundant for all purposes. The
Last Of the Fall and Winter months will,
beyond doubt, be thes, Of better prosper
i.y to us, aud We will pass through them