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Finance And Trade

Finance And Trade image
Parent Issue
Day
19
Month
March
Year
1875
Copyright
Public Domain
OCR Text

Tho market remains steady and without quotable chango. Mouey in fair demand, with 110 aurplus in tle offerings ; grain and provisión speculators principal borrowers ; interest rates, 8@10 per cent. ; Rtreet rates 7@18 per cent for short lo&ns. Bonds tirm at 120' ,7" 120} for U. S. G'a, oí '81; 116%@117 for 5-208 of '62, and 113J4IU% for 10-40's. Latetttgold quotationa - New York, 115%@115}-L ; Chicago, li.v,,,, IiREADHTUFFS. The following wcro tho receipts and slupments for the week, ae compared with tho same time laat year : iteceiptR. Shipménta, Articlce. 1875. I 1874. 1875. 1874. Flour, bris.... 59,098 54,201 55,8(14 45.91)7 Vilirnt. bu 858,610 3:l9,:i 2:11,014 292,268 Corn, bu 41:),7:I4 186,970 99.0W 81,898 O&ts, bu 129.457 117,4!)C 59, 10 118.H72 Bye, bu 6,372 14,143 1,1' 10,(H:t Bwley, bu 43,425 55,6S0 40.141. Sf,203 I JlgB.. 10,129 5,705 861 -1,012 Live boga, No. 02,801 33,875 286 32,905 Oattle, No 18,402 12,117 14,067 8,847 The moveinent in the grain markets haa been quite active from the opening until the close, and tendency of valuea wa invariably to a higher range, a material advance beingeatablished on the lealiug grains. The atteniliinrc of npecuJators wa large, and the principal trading was on speonlatlve account. The apoculative element Bhowed inore conndence in the future ol tho tradc than has characterized their movemente for ome time past, there being a j nuuked increase in the dcimmd. with a corresponding decroawe in the presaure to aell. Shorts were somewhat alarmed at the evident firmneea of the market. and were anxioua to provide for their outstanding contracta, j deutly f earing a f urtner advsnee in values. The adyices from Liverpool and New York were of a more favorable tenor, and encouraged holdera and aellera iu their demanda for bigher pricerf. ; Iu the wheat market tliero wnsastrong buil movement, and, aided by the favorable ifTtiueneea above noted, an Rdvance of about 4@5c per bu waa establinhd. Corn sympathized with the advance, and ruled y,(uijc liigher. : Oats wero quiet, but at the name time lirm at }Lc advance. lïye and baxley qnict and eauy. The following table shows the curreiit quotationa at the opening and at the close : Opening. Cloxing. No. 2sp'g wheat. cah.... 8S@86% 9(1 @91% No. 2 seller Apri 1 86V18"1! !() ' r- ;'l ! Na. 2 Beller May' 9H,(.i.91Ji No. 3, cash i.. s:l Hö (.. 8i No. 2 corn, cash G.S1, (.. i;;i ■ . (!;" No. 2 corn, seller April... cl ' , @ 64 '', i C.V., No. 2 coru, scllcr May 70'. ,..-7", .7l';" No. 2 oatB, ca?h r'J ' , i. ."'.' ',. (,. .'):l No. 2 oato, seller April... .r2(a.r,2;, 5:r-., bid. 1 No. 2 rj-e, cash 97 (o 97-, !)'., @96 No. 2 barlcy. ciish $1.00(rf 1.09 " $1.00 1.06 " ! No. 2 barley, seller Mar.. 1.08 1.02 No. 2 barley, seller April. 1.03 98@l.O0 No. Sbarley, cash 98@1.01 WH„ 98 PEOVISIOXS. The demand on speculative account haö been active, and the leading apeculative articloa - I pork and lard - were materially higher. olosing at 18.80@18.85 for cash, and 818.95 for Beller April pork; 13.62í for cash, and 13.G2í(ui i 13. C5 for March lard. i Meats ateady and firm. LIVE STOCK. The cattlc market was active and lirm. and the market closed with all sold at 2.0ü(rf4.00 for poor to common, aud 4.50(íc0.25 lor niedium to choice ; extra, .■ï6.50@7.00. Iloga active aiid'otroiig at higher piïces. Yorkera, ■f6.50@7.00; extra, t7.10@7.15; hea-y, tC.80(tó 7.60. Sheep qniet and easy at $8.50@6.25 for I poor to very choice. DBSB8SD uocs, 8KKD8 AXI) HK1HWIMES. The offerings of dressed hogs Avere light, and priees ander a fair demand rnled firm and a shade higher. The market closed at $H(n) 8.85 for good Jota dividing on 200 Iba. Timothy seed wae lower ; closod at )2.30@2.35 for ' prime, and !i?2.40(a;2.45 for choice. Oiover waa scarce and firm at ÍG.4O(VÍC.5O. Flax steaily at $1.90@2.00 ; Hungarian, 80@'J0c, and mi'llct, 90c@$1.00. Highwinea quiet but ateadv at $1.11. I'IIODÜCE. The movement in butter was light, but prices remain ateady at 19((x24c for fair to choice, and 22(ii3flc for good to extra. Tüere was a good demand for broom coru, and prices were firm at ll@13c for No. 1 to extra hurl. Beeswax ateady but quiet at 2C@28c. Beans were in ; good demand at fl.90@2.00 for choico Eastem medium. Cheeae was ateady and in fair demand at 153-íí(ft'18c for good to prime faetory. Cider remains quiet at about $6.00 per brl for i choice aweet. Cranberrica more eteady at $10@ ] 11.50 for good to choice cultivated. Llried peas were wanted at .2.20(tï2.25 for choice sound green. Eggs were unsettled ; closed at 28c 1 lor fresh and 15@18c for pickled. Feathers quiet at 48@52c for prime live geese, and firm at 35@40c for choice turkey tail fealhers. Apples in good request at L2.50@3.25. Hidcs were dull and weak ; green frozen, 7('ï 7}c ; heavy aalted, 8@8Xc, and light do 'Je ; kip about 10 lic. Hops qniet at 33@40c for good to choice new. Hav opened active, bat cloaed eaaier ; No. 1 tin'iothy. $18.00@19.00, and uplaud , prairie ifl5.00( 16.00. Poultry was in fair j mand at 12@15c per lb for turkeys, and 10()14c for chickens. Potatoea closed eaaier ; peachblows, $1.00@1.15; and early roee, 90c, @1.05 - iuaide for car Iota and outside from store. Tallow, 8jc per lb for solid, and 8;c for cake. Vegetables were ateady at 60c(Vif 1.00 for turrjips, but weak and lower for oniona ; red about 3.75 per brl, and yellow at ?4.00@4.25. Veal Bold at 4(röUc, according to qualitv. COOPERAGK, LUMliF.It AXD WOOD. The packiug seasoii baring abont cloaed, cooperage was quiet at $'l. 10()1.12 for pork barrels, and $1.80(5)1.85 for lard tierces. Livmber waa quiet at #28.00@35.00 for A and B stock boards,' and $11.00@18.00 for common ! oíste ; Hcantling $11.00@12.00, and fencing j $12.00(13.00. Wood firm at Í7.50 per eord for hickory, and Í7.00 for maple. Telo!?railïic Markot Kcports. NEW YOUK. Beeves 10 @ 13 Hoos - DrcBseil 0 (a, 9 COTTON 10 @ Ifit., Flour - Super&ae Western 4 óo (n, 4 i)0 Wheat- No. 2 Chicago 115 ($ 1 17 Nu. i Spring 1 20 @ 1 'JS OonN 86 (ti, 87 Oats 67 ci 70 Rye üll (rf, 95 PonK- New Mosa 20 00 (S20 50 Labd - Htcana 14 ((& 14 M ï. LOUIS Wheat- No. 2 lied Winter 1 09 @ 1 10 Cobn - No. 2 New 63 (d, 66 Oats- No. 2 58 @ 59 Kye- No.2 101 @ 1 03 : Pokk - Mess 19 50 @19 75 Labd 13 oí 13% Hogs 7 00 {4 7 7., Cattu; 5 00 (S 5 00 ! SIILWAUKEE. Wheat- No. 1 93 $ 9t No. 2 88 @ 8.) Cobn- No. 2 OU ($ 64 Oats- No.2 52 @ 53 Ryk 1 00 1 02 Babley- No. 2 1(2 @ 1 05 CINCINNATI. Wheat- Red IOS (S. 1 12 Corn - New 65 (a 07 i Oats 59 .:t Ryk 1 05 @ 1 10 Pobk - Mess 19 00 ($19 50 Lard 14 @ 14% TOLEDO. Wheat- Extra 1 15 al IC Amber 1 11 @ 1 12 Cokn- New 09 O 71 Oats 58 @ 60 DETROIT. Wheat- Fxlra 1 14 @ 1 10 Amber 109 @ 1 10 I Cobn 70 @ 71 Oats 58 @ 01 CLEVELAND. Wheat- No. 1 lied 1 10 @ 1 12 No.2Red 106 @ 1 08 OonN 68 @ 72 Oats 58 @ 62

Article

Subjects
Old News
Michigan Argus