, 1875-08-10

The Ncsr System Adopted by tho Now
York R'raduco Exchange.


The vcsv SYatctn Adapted by tho Now
York R'r6tluCo Exchange.
St,e 1'ors Errn,na I'ost
For several years past. lending men In tho
grat.-trada III this city have boon dcsirous OF
making change in tho Meshod of handling
Krain nrstvinE III this port, and tho New York
Produce Exchange, recognizing tue Importance
OF tho subject, appointed committee OF ltA
mombors to consider thu ma.tor mud secure re-
form which would savo 10 tho citYa yRst amount
tf butiueba which, owing 10 thn better systonH
prevailing In boston, Chicago Philadelphia, and
baltimore, Was diverted TO tEloao aointB.
1t hus beoh, md IL 1T Tits day, r,1Ytomnty for
sllippers Of gram from tho Wost to sctnin con-
troll Of the identical parcels Of grain which they
shipped until they weso finally dischasgcd into 4
Sossol Or warehouse o. Ibis port. When a shlp-
por sort but five car-ioals, it was dolaYod uutil
Ill otdor to doiirer 1t was received. whom, II Il
boat Maa convenient, 1t was loaded and. bv the
nee Of bulkllcads, three or four lots OF grim OF
precisely the Same market grado were carried
about tho harbor In tho bqma boht 70 yarionB
purchasers, at great and needless exponso. At
ono time The railroad companies refused to do
liver lcBs than Two car-loada, aud small lots wcro
handled at very great e1pousc, tho 1fghtcrage
having 1T tttnos cost from 2 to cnnta ror husll-
el. suappera Of siug !e carload wore obliged
TO pay cent8 a busheI.
Tho disadvantages OF thn New York system
have, it is aald, seriously Injured isa business.
While Il. 3.50u,000 buahelB less woro received in
this city fiom January to May Of the current
lime in 1874, tho grading ayBtom has nroonrofi
for baltimore NJ, increano n 6l ol h,iaI,cts tha
wear, aud for rhiiadephia an inrreaan nj lii, ana
b1.ntie1s iB reported.
By tho grading eystcn, which will Hoon 70
will ho greatly sitnploI. Tun r,,lan nf ,i,n prns
t}uce Etnltnt,ro hive not val bnnu r1,,i nni,iic
bnt tl1oy prov!do for tbs appointment by tila
lt3cbauec OF IneDectora who aIajI tate ci,argo
Of Vi. cons.rnu,ents OF grnin on their arrival II
III the agreement,
Tho Inspectors will be experts who will readily
classify tho grain received by them. and Il viii
thon bo uuloadod into bsns provided BY the COM
rnr11ef. As each ckr-load iY inhpectefi certl}-
cute will bo given, on production Of the bill OF
!s<llng, emitting the holder to grain Of st,e aua-
ity and 10 tho amount contained In lilo car
which Mill DO good for tho grain on iss prose1,-
tation by tho shipper. ntuct. delay will thus be-
avoided, and tho complaint, which was malo
Bome tilno ago, that few privileged morchnnty,
who woro urge Shippers, wero goryed early. to
tic set!ouA inoonyonienoo and no1neti,nes Injury
Of small shippers, will no lonaor bo heard, TI,s
accumulation OF quantities Ut grain IN tito bins
After caroful deliooratiou. and tho reference
to legal advisers OF several itnDotta1l uuen,,ous
involved and after Hoyeral COLI fercnoes between
the Committee OH uraln and tho Eric Hallway,
tho New York Central and The Nov Jeruoy Os1,.
trsl Railroads. upon whloi, tic basis Of a system
WAS agreod upon. The agreement VA submitted
by sLo representative Of the RAILROAD co1anaules
Is she Dhostors and yexterdsy tue following ds diss
patch was 1ocaiyod frotn the Noy7 York Central
ilaroad aud pustol oil tao bulletin on the gam
lloor of tho Exchange, saying that Tic a4rso.
11la1,t al closed with tIair Uensral Freight Agent
sas satisfactory to the Company.
This morning sir. Edison received rord from
the Erie Hallway that the articles oi agreement