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Commercial

Commercial image
Parent Issue
Day
11
Month
August
Year
1845
Copyright
Public Domain
OCR Text

Ann Arbor, A"g. 8, 1845. Business yet pr.;sents a dnll appearauce. - Wheat comes in on1 in ímallquíuiliticF, and finds a sale at 56 cents. The opération of threhing is going on extensively in ihe coun tiy, ond in a few weeks there will be a large amount ready for markel. The straw is generally short apd quite dry, the heads full, and ihe berry plump, nnd henee the grain is ensily threshed by machine?, while the yield fully equals tlie ex pectalions of the farmers. Bu. they aro rather unwilling to sell at 5G centi, when thoir circumstances will allow ihem t wait, inasïnuch as Wh eat is certain to bring at least 6 2 cents in this murket, at fomc time in the year.The corn growing in this viciniy does not look very proinising, most of it hoving been injured by the Inte f rosta in the spring. Oats have been injurcd by the tirought, and the erop will not be heavy. The drought has al o ent short the growlh of early planted potatoes, but thete ia time enougli for those planted late to do well. The weather is fine, with occasional showers. Onr business men feel scverely the closeness of the times in pectiniary maïteis. The wheat biiyers exporience considerable diffieul y in oblaining a si.fficicncy of funus to carry on their business. The merchants have token Eaet oll the money they could find in the coun try;vhile the banks are of ver litlle service in sopplying a currency. The Michigan ín euranco Coinpany, Ihe only unqnettioned ba:ik in the State, lias but a smal! amouiil in ciiculation: the decisión of the Chancellar has etruck a heavy blow at the credit of the 're and Mechanica' Bank, which will probably e a fatal one: while the other two Banks nre , f snch a standing thot it is qnesiionnblo hctlier it would be at all desirablfi for thcm o imke large spues of paper, oven if they had he ebility to do po. In this state of things, we are dependent npon the Eust for means to nrchare the heavy Wheat erop; and ye' carcely any funda have thus fnr arrived. In Jackson, the pnce of new Wheat ia fifty ent8. In Bufluilo, Aog. 5, sales of new Monroe Wheat were mde for 75 cents. New Michi gnn Ploar sold at $3,50 to $3,75. In New York, Ang. 2, Ohio and Michigan Flour was heid at $4,12 to $t,25.

Article

Subjects
Signal of Liberty
Old News