, 1881-10-02


: ago was IS, LOS tcs, and one year ago 1865 tcs
| The receipts Ut wheat reported Saturf1nv n
| Chicago, Milwaukee, St. Louis, Toledo, ant Dc
!: | troit aggregated 11o.,000 bu, and the shipment
] | $4,000 bu. The shipments from New York
Baltimore, and Philadelphia we're 2s9, 900 bu.
Tho reported receipts Of flour In this city dur
Ing last month were very nearly 100000 brls. O.
almost precisely twice as much as III Scptetubcr
| 1880. Tho difference Is the equIyaIcur Of :. ~
car-loads of wheat. whereas the receipts o
wheat were only =, l43 carloads less than in Sen,
tembcr of last year. Tho receipts of both 70,
the month show an increase of nearly IL ne,
| cent.
The Board Of trade has not yet attacked the
I storage question. although many of the mem
| bers ure sighlu. for IL way out of the difficulty
They canuot yet sec way which promises to be
free from trouble. Probably the best u1o,lc of
dealing with the question that has yet presented
itscifis the issuance Of receipts by tuilroad COM
panics, pledging the delivery Of the grain in this
city when there is room for it in the elevators
provided the holder Of tho receipt Goes not pre-
fer TO huye the grain placed on through cars to
his order. Tho law forbids tho warchousemau
i'll this city thnving over 1O0,0tD inhahirants) to
issue receipts for grain not actually in store In
| their houses. But tho law does not specify what
! kind of paper a businessman may ngrce TO re-
coive lis valid, That is for the Dourd Of 'rradc
to do. The board could agree to regard railroad
I receipts rs valid tenders III satisfaction OF con-
tracts to deliver and ITO one will care to say that
railroad corporation is not fully ns responsible
MS firm OF wnreEousc1ncn. OF course it would
| bo necessary to any such arrangement US that
| here Indicated that the railrouu COLI
| pany should hayc control OF tho, grain
on which it issues its certificates,
That is, the company should only issue its paper
ou grain that has been consigned for transporta-
tion, nild which would have been carried away
frutn the country depot but for luck Of accom-
nodatton elsewhere. Ii would not do accept :ls
regular any certificates which might be issued
for grain - dumped Uut on the prnire.' MS sug-
Ecstcd be some. The grain Should be properly
III store, and properly insured, in which cuse the
rAlroud company could afford to assume Il re-
spolsibiltty that would Justify tho holders OF
tho paper in feeling perfectly safe. We nlay
add th,t tho railroad companies would always
be able to deliver tho grain here rs fast want
ed by tho trade. and might be depended upon to
do it when p!cdgcd 10 that effect by the sfenn-
lures OF Its proper officers. 1t may be to the I'D
vantage Of the trade to think over these points,
and use tiaem Ills L foundation for something
better if tho plan here sketched be not deemed
satisfactory.
4 proposition was made SATURDAY which, If
adopted. will partly remedy the evil. 1t Is to
the effect that the many lille ycsse1s now lying |
ut our docks bc converted i1ltn warehouses for |
tho notce, anu thus give additional nccotnlno- |
dations for tho millions Of bushels of grain that |
are waiting t0 be shipped f1erc us soon rs the I
Storage roonl c:1n he improyIseu- These gen.
tletnen make no question rs to tho legality of |
such Ii course, as the Bonrl of Trade has here
:ofore assumed similar authority, and could ut |
this tir1e appoint its committee to take ehurgc
OF tte business OF issuing receipts. and thus |
render the transactions perfectly regular. !
Many canal-bnats are now detained in the river
simply because tho warehouse authorities re- !
fuse to receive their carsoes. One party alone
has eight boat-loads or Gy CaD bu of corn, lying
in canal-boats, which are subject to dcmurruge
daily by tho enforced delay in unloading
Muuy other boats are in the same predicumcur,
and without some such recourse rs Is |
suggested above. the most serious consequences
to tho trade Of the city are to be unprecedented.
The use of the vessels for such purposes would |
be more profitable to the owners than |
% take the cargocs to Buffalo for &c per bu.
Tie motto Of the Cincinnati crowd would
seem to have been, '' Heads win; tails will not |
ost. Auythiug-
They say that Seymorer s. Co. are On the other |
de of the deal this time and able to make this
land wash tho one thar was engaged in the {
august wheat deal.
We have stated previously that tho ware
OF this city have offered rebates 10 | i
hippers OF grain from their houses. Saturday
WAS ntinated that MS much as 4c per hu has
een offered in rebate III the case of whcat. "
'hc reason is supposed to be that the .
'arehousemen in question do not cure to .
ssume the responsibility OF carrying wheat OF i
ast years crop through tho coming winter. 1t i
'.s not secured i'll sufficiently good condition to |
lakc II perfectly safe to hold, and should be
loved out before next spring, though heavy r.
,hnte is necessary to put it in motion. Il
The recent wet weather has also been hurl | L
pom good deul Of the wheat in stack tn Min l.
rsotn, and mitrs write already that there is n
:arcity of good grinding wheat. Ut course this C.
.fers TO the fact that the wheat in stack cut,-
1t be moved ar present. :,
Some folks on Change felt about tho same NJ
tturd:y with regard to those Cincinnati mar
us Celtic gentleman once did after killing | .,
pig- THE crnythur did uot way as much as !"
expected, and, bcdad, 1 always thought he | q
Dudnt.' ~
Mr.. Junius Rogers has prepared a plan for IL n
carlng-bouse for produce, WHICH, so far rs "
planned by him, seems to meet the require IL
ents OF the case, AS tho "points" or the g
m are printed for distribution among those "''
scrested We need not recapitulate them. u;
Provisions. :.
lot; PI,ODECrS-Wcre less active. thougt, there ~ ~
$: moderate volume of trading: but it good Il,
Al Of 1t In the way Of Changing over from this
nth into futures. There nor much demand on cf
" orders but couple of round lots of meats we're
ZEN for shfpmtent. There no material change i
tic tone Of advices from Liverpool, or the local
market The feeling here lin product} was firm A.
The early part Of the day. quite weak l.,cr and wc
lin firm near the close. The summer hacking Of :
d. iast year. and % 70 40 os IN is s;A'"s' rs
9ss NJ m oE Aagars 1hs &c 1sr 7 81, mYnt an
s & I'll SssE aes
y .s eIls sSsr 1anuars Y ~ s15@l!s,: n5d