, 1875-04-15
MONEY AND COMMERCE
FINANCIAL.

Tic situston in financial circles continued un-
changed. Discount !!nes ara increasing somewhat.
Tie wnntcrAie dealers Of Tic city Offering con.
siderable amount Of ths parer Of their customers fur
discount, a.so Tho lumber and other rnnNfac-
lurcrs. Tho demand f. = loans In general is only
moderate, and not enough 10 absorb Tho surplus funds
Of the hAuks. This surplus, on account Of etc very
largo amount Of noney IN uss In carrying stu1 on
the 1oAr1 Of Trade, IA not comparatively large. Tho
movement tho Board Of Trade las boeome 40 light
that Of tle largest banks doing business In thAs
line did not loan dollar yesterday.
1lase. Of discount $40 rr cent at the bsnka.
On tho street, there not much activity 10 report.
Ilaten are 7eas Ter tent.
New York exchange remains unchanged 1t shipping
rates,
Currency is going forward 10 Nsr York In consti-
crabs qnaltlttes.
Tho clesrings were 81, cco, ,ooo.
yASpEnnlLrs NEW YonS ELEVATOR.
Work has bcgun The foundation Of tile great ele-
vaor Which Commodore Vanderbilt hes undertaken
10 build At tho foot Of 9i1tleth arctt, tho iudNn
River. It expected 10 le lnis,ed In two yetrs. The
elevator anil storage warehouse Nil! have capacity Of
t,;oo.oo, ba Of grain. Tbs Foundations corsr
IN area OF $50 fact ty Ill feet aud the tops Of
iEe elevator bins will DO 100 feet hboFb tbs
foundation. A. much 7i0,o 600 feet Of yellow Pine
will 10 needed for tue foundation, which 10 etectcd
piits. Buuih OF tho elevator grounds tho U1ion
stoek-Yards Company arc building uow shcep and
hc9 market house, $40 feet by no fee carabt Of hold.
Ing 5000 hogn ia department, aud 9.tol Haeep III
ano!Acr Tho completion OF thIs clcvator nd cattle
yard will do much to facilitate srado through New
York. hut II sufficient elevator and storage fa
cea werc provided for the entire trade ni the cout-
Try. and Tho canal reforms Of Gov. T,lden were
achieved, and tho exorOn pEacttced In New f9rk On
Wharfage house and otheF dues nLulsrd,
Il Is moro than doubtful whether New York
conld RECOVER lts former rnonoEoy Of tho grain
anu c,t:lo trIde OF The country. nasson,
phltndrlpha, and B1ltmora have for years been
aragellng for share Of s trade, and Of Late yeats
has beeomu erident that they nre 10 tn successful
DlluIEoro has been selling sfgs amount of Wcat-
ssn corn s spring for export the sass per day often
running high III New York. Aud recently with
In space Of ten days hys cargoes Of grain Of 1300
bu taken from Philadelphia, four OF which
for Great britain aud twAea.) for Antwerp:
Al the tmc sixteen moro vpsse:s, Mi Larxs lu'
one, we're awaiting turn at tho elevators to tafe ont
corn md wheat mostly whrat, for tho United fling
dem, besides a.camer for antwerp. III this tArgs
fleet there not American vessel thai II
be said that this acyits due to the sdor Of the
American, l!aes 10 obj lin buiutss In addition to all
this, toll, tue pIilu1epA!a steamship lnos
iaxr 10 their utmost capacity, and m additional aeot
ro.,l1 be loaded II onosed for charter.
TAO commercial history OF New York for century
bus consisted In ahHorug n succession. the tras Of
prosperous eeacoast towns Of tho Atlantic coast.
II Is In esfect accordance With tho laws Of trade that
rerta!n point this process should he reEerael and
trade scattar sgatn- Nature rcrmsta no monopo4cs.
DASKs AND nUA1Sgss IN NEW YoGK.
The Joa,rnl q Commerce Of Saturday Inst eays:
Grer4l trals prostecks haYA greatly improved With.
IN day Or t"u, and rcpuits ir5m aownto~n mrs-
chants arc very encouraging. sosne Of tho FtLsuui
for this will ~ found III tns continued easa IN money
the atssuce os disturbing nhue,ses and pretty gem
salcswtre he9.ler than have been fepo,tsd y long
few weexa have euttFey Aub8tde3. and tho fact that