, 1876-08-08
Tho Produce Markets SteadiAr..-Pro.
visions Quiet and Firm.
Grain Moderately Actfye.".Jsnr!cy Strong.
cr...Otlser Cereals Easier.
A Vigorous Protest Against the State
inspection Of Grain.


En.t md Wcst tic problem Is how 10 find satc aDl
profitable employment tor money. People who
rely simply their Incomes for support must have
immense fortunes 10 receive enougl, 10 pay
expenses, unless they have hat tile
foresight 10 secure lone leans aonc time
a1o. Half a million Of dollars loaned on calf
would not yield enough to pay the expenses Of
1no1t families who affect what Is nsuatly termed
respectable postinn In society. Hence the smaller
investors are complaining bitterly Of the times,
for, IN order 10 maintain their nsunl social POSI-
ton they a<c forged to encroncli upon thnlr cap'-
tai. That those who llnse simply loaned their
nonry will be lskey To Fset tho greater proGts 0!
active business tn the distant future, there can
he no doubt whatever. and. when this Incomes the
rule. the advent Of better tines will have surely
commenced.
In nur own city some OF onr bankers have been
accepting 3 PER cent on approved cnllntcrnls, and
prime paper on call wonfl not he refused at L. anil
perhaps even less would be neeeptcd. 70 yearly
customers thc rate il KGL1o per cent. On the
street soni pnper In very scarce, md may be quot
ed Al q pcr cent nna upwards, according to tim
and quality.
New York exchange 10 aseady at Eoc premium
per II, 600.
For country bank $500 in fractional currency
and silver would be considered u respectable sup
ply. The surer in The paragraph In regard to s!l.
yer In Sunday and yesteriay's Issue should hnrc
-cad 81. 90 Instead Of $500.
The bank c!eartngs wc.c 81, 300, 900.
CoMMouOHE vANnEHB1LT.
Special Correspondence af The Tr36ttne
NEW Yoi'N' Aug 4.-The momentarty expected
densi, nf Commodore Vanderbilt crentes much ex'
citemcnt In none ycirclcs. ud the stock nnrkct ID
stormy. Had tho Commodore died Upon tic In.
ccptIon Of his scr1ous tlincsa In Mn. last without
Any prenonItinn, the effect would have produced
the greatest panic Wall street ever knew. lie Inns
been the heaviest and most substantial nnppost Of
tho market, and bis sHaden demise would have
left those who had sold short In pfccnrioHs con.
diton. Nc" York Central stock would
hnve been held h5 doubtful ten.
use, while Lakc Shore, Michigan Central, antl
other stocks wonld have suffered "erercly; but the
Commodore's Illness ha5 hcan 20 protrnctca TINT
they arc prepared to meet bis DEATH and the only
effect 1t VIII now have VIII bo to create profound
borrow throughout ananelal railroad, ana CONNER
e'al circles.
There II On erroneous impression abroad TINT
panic In the atocE-market cannot ba nYcrted. even
now. The great capitalists death haa been thur
ough!y discounted. The conservative spcculathrs
have prepared themselves for tho calamity. They
hive money In the hands OF tho trust companies to
buy all stocks On decline. There is no doubt
that the market Will Ut hrst have Auetnating ten.
tcncJ, but 1t will Ect STEADY again after
The first shock fl over, This morn.
ing several Of the bears rushed upon tho
board with tho rumor that tho Commodore had jusi
died. On tho htrength OF tho report Now York
Central went down cent and Lake Shore frac.
ton, but they rnilicd at onee. These fictitious
droph to not indicate anything II allyn should
fall on Wall street, and tho bcafa wanted 10 mako
= handle Of 1t. and commented hammefng the
mhrkc. they could force It down as we'll a. upon
any other nnscard.of OF psepostcrous plea.
1t should le understood that 10 far ~ the man.
ngcrncnt Of the Central and Lake Shore Railroads.
nnd tho rest Of the Copu,odo,s's pfopcrty, III
concrrncd hc I'm, hccn urnrtIcnlv dc,d for thrco
~. ~ ''' sa ."'.,. usau ~. .,ts
years. tle WIS never aFectly idehi'Hcu Win
the management OF tho Lake Shore Road only os
adviser, and for more than 1--we years his son.
yy,,l,n,, n v.p,lnrht1t h,. hron tha ,nia
""''u'u -, ,".. ""ae1 ~, Aao W" NV ""le
manager anu prime moving spirit OF aa| the great
enterprises VI the New York Central Company. 1t
Is therefore tmnossIblu that rlther of these TX.
tr,,,y, cnrnhr,tons ~, oy,,c.;,,ro ~. s,,oh,os,
trronysnIcnrr ,r .mh, rra.smont hv hi. dcath
yhcro IL another no,nt vnr,b milne 7, Il.
hcl,eycl by intimate friends " thn Cnmmoiorr
fin, thr xIj1 cnt ,,,s Mi tlo ,rouertv az t,,