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Show T E LEG R A MS. THE FINANCIAL CRASH. The Feeling iu Xt'ff York. New York, 27. A better feeling was prevailing on Wall street yesterday. yester-day. There is considerable anxiety apparent. Jlost of the produce men feci that they have everything in la-vor.ible la-vor.ible condition. Crops nrc in gootl demand, and at fair prices, but in absence ab-sence of ready currency and ultimate credit they are unable to sec how they may avail themselves of these advantages. advan-tages. A wide difference of opinion exists between buyers and sellers on the question of values, and the continued con-tinued dead lock in the sate of exchange ex-change creates a feeling of depression among shippers. During yesterday it was rumored that some of the banks had made arrangements by which sight drafts, drawn by western dealers, deal-ers, would be honored in a manner s;it is factory to them, but without involving in-volving tho shipment of currency from this point. A prominent grain merchant of Broad street expresses the opinion that no action could be tit ken by the banks here which would materially facilitate the movement of crops, and yet do away with the shipment ship-ment of currency west. Actual producers pro-ducers could not make use of sight drafts, certified checks, or any other form of evidence of indebtedness other than greenbacks. Ciraiu Locked I'p. He expresses the belief that not more than one-quarter of the crop is yet out of first hands, and nothing but currency will serve to set it afloat. Once in the hands of middle-men and dealers, he thinks some arrangement arrange-ment can be made by banks here with banks in the west, by which certified cer-tified checks of the latter, issued on the credit of the former, can be made to satisfy dealers until currency begins to flow again. The local opinion among shippers is that this week's uproar has already locked up, irrevocably, irrevoc-ably, for the winter, some forty millions mil-lions of bushels of western grain, and another of the same sort would repeat re-peat the process. One of the Largest shippers in the city says he docs not fear any important failures among shipping linns. He admits that the situation is very serious for the shipping ship-ping interest, and does not think that tiny of the panaceas offered for relief would answer, but that a general discreetness dis-creetness and mutual forbearance would suffice to bring the country through the storm. The class of dealers deal-ers most affected by the present financial finan-cial storm is that of receivers and shippers of produce, and especially of Hour. A special dispatch to the Times, from Boston, says the shipping business busi-ness is a good deal crippled, and the Cunard steamers at the docks will soon have to sail without cargoes, unless un-less some arrangement can be made to encourage the transportation of! grain and provisions to this port from the wcat. |