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Finance And Trade

Finance And Trade image
Parent Issue
Day
14
Month
May
Year
1875
Copyright
Public Domain
OCR Text

Tliero was a botter local inquiry for favorn at the bankt! frora local Bpoculators. Tlie supply of funda wan largo and ratc are without change. Govcrnment bonds Sim. lIKKADSTUt'ia. The gram markets havo attracted a largo Bhare of apeeulatora' attontion, and an tuitivo business whs transacted. Tho Juno option was tho favorito, tho bulk of tho gales being for thia dolivery. Beller May was at a discount, nobody wanting tho eapih property. slappere boing ottt of the market. Jlay ahorts bonght quito frecly, bnt not until Talueo liad bustained a general alld quite BBTero declino, and then th shorts wore willing to talie in thoir pronta. The stock in store is ateadily ad rapidly nocumulating and there was a general local preaBure to Bell. Whent was weak and lower and the other grains harcd in this weaknoBS, syrnpathy with whont being the principal canee of the reduotions. Tho advices from New Tork and Livorpool were of an unfavorablo tenor, and tho recoipta wero largo, whüo Uio Bhipmenta wero light. The following tablo show the pricea currout at th opening and closo of tho past week: Opening. CÏoaiitg No. 2 np'g Kiirit, casli $1.0.),V@1.0.1 $1.011.02V No. 2, irllrr Mar 1.04 ,(" 1-05)4 ' (" l.ll'J'', No .2, sellcr June 1.0S@1.0Sí (Sl.04, No. 2 seüer July j.S'vwi.io, (iil.tr,', No. 2 corn, cnnh 7rY( .70 'R (t .73 No. 2corn, BpllorMay. .758.' (k .Tl No. 2 cnrn, Beller July. .7fistf(i .77?n @ ,H So. 3 oatn, ciinh C'3Jñ ."', @ .02 No. 8 oaln, KPllcr Mar. .(!2;.(4 .03 " .8Ü (Jo. 2 oatü, ellor June .BíUjtA My o .c,:l No.2rjc,cak 1.07 (iil.08 " (.il. (17 No. 2 barlny, r-auli 1.30 @1,83 fo 1 114 No. 2barley, s. llay.. 1.38 @1.96 1.80 (Hl.:)2 Ko. 8 btrley, awh 1.17 (n,l.I8 l.i.ï 1.17 l.IVK STOOK. Th cnttlo market ban been fairly activo and Bteady, with no important changea to note, líceeipta materially lighter and quality good. Shipwns Bteers. 5.25@6.30; fair to choicc, G.Ï0(fijö.75 for extra. JiulU of ralos to hippor st $6.00(5)6.25. Stock cattlo stcudy ut 4.00@5.00. lïutchera' stock ilull at Í4.OO@ 5.5Ü for poor to cboice; $3.00@3.7S for inferior. Hogs dull and 20@85c lowor. Yorkers, $7.00(?i 7.75 j heavy, $7.S08.36. Quality poor. Huik of alea at t7.M(u7.75. aheeji utea-ly and qoiet at 3.06@5.05 for ahorn and if5.ÜÜ(i6.50 for woolotl, ritOVIHTONS. There wna a fairly activo buniuesa transactett In thia mnrket on speculativo account, bnt the fooling under unfavorablo alvicoB from tho East and Enrope waa rather oaaior. Th nrrivals of hoga werc alao liberal and thia aided BOraowhat in the depreciation of values. Quotations of mofifi pork rangod at f21.55@21.65, and $21. 55(0)21. 90 seller Juno ; scllor July sold at 21.U0(c22.03, and closed easy. Cash lard quist hut tady at 15.dO(a}15.45. Keiler May closed ftt 15.40@1.42X. aiid seJIer Juno at 15.5ü(g;15.55. SEEDS AND IIIUIIWI.M. There waa conaidorablo activity in the eed market, but the interest majiifeatod was terod cliiefly in. Jlungnrian. During tho oarly part of tho weok, there ere numcrous outside orders on tb market for the above named seed and priceu wero higher, bui toward the closo of the week, the demand was lesa urgeut and tho market closed rather easy. Timotliy was quiet but finn at $2.25@2.45"for fair to prime and !?2.50@Q.55 fcr choice ; clovcr firm at .Í7.00 for prime medium, and #7.75 for mammoth ; Hungarian sold at $1.40@l 60 for prime, closing atabout Í1.40 ; millet quotablo at ÍL45g 1.56 for fair. Tho offeringa of highwine wer light and tho markot for this reaeon mledqniet. Closed at about $1.15 for spot. riionucE. Thore waa a good demand for botter and tho Bupply of dioico grades waa barely sutrlcient to moot th requirementa of tho trade. Prices were lirm, but no material alteration was noticeable. Freah mado quotable at lC(18c for j fair strekod nd white colored. and 20@26c ' for good to ouoiee. üld butter rangod at íl@ lGc for poor to fair, and salea of roll wore made t 12X@20e, ccording to quality. In broom corn the moTement was rather light, bnt prices remain Bteady at ll}@14Xc for No. 1 to êitra hurl, and ll@13c for good to choice stalk. BeauB wero a trille firmer toward tho cloae of the week, but theie wan no inerease ia the amonut of business transactod. Quotable at 1.700il.75 for Eastoru mediums in bogs, and about $1.80(á)1.85 for the same in barrels. Western were dull at f 1.00@1.75 for poor to good. Boeswax quotable at 26@28o. Tliere was a fair local demand )or primo old factory cheeae and choico new at about 15(i;lGc for the former, and 13@13Jc for the latter ; bnt the eommon gradea wero dull and elow sale. Cranberries wcre dull at .6.00@10.00 per brl lor poor to ehoico cultivated, and $3.50@ 3.75 for boxee contaiuing .ono bu. Olioico Bweet ■ cidcr was in moderate reqnest at Y'5.75@C.OO ' per brl ; commoii was Tery diflicult to"aeU. ' Driod fruita were dull and v'ery quiet. Apples quotable at lx)nt 8%c for Michigan and New York, and at 7@7Ae for Southern. Halves poaches quotablo at 9(t.(.))4c, and blackberries at 9J@10c. Eggs were rather weak and the market closed at about 18@13)c. There wa sorae unprovement showu in green applcs, and ! pricen were u ñhnde bigfaer. Sülen rarjged nt ; 2.50((E2.75 for choice in lote, and $S.Q9@3.50 : was paid in a rotnil war, aecording to the I [ality. Ilides wero dull at 7%c for heavy ' green salted, nnd 8c for light do; calf aboiït 12@12Kc. Hay wa in demand and firm at .16.00(n19.50 for No. 2 to primo timothy, and $9.00(5)15.00 for fair to prime prairie. ' I'otatoes stoady and firm; quotablo at SI5(Wf)8c for Eafltern peach blows in car lots, and $1.05@1.10 for tho same from store. Weatem peachblow sold ftt 80((ï'J0c in lotfl. ]iar.tern Early Iiose slow at 70c bi car lot, and 80((( 90c from store. Tlicre wero leas ouíouh and tornipe offcred on the market, and prices under a fnir demand were firmer. Sales wcro mado at $3.50@S.00 ! per brl for onions, and 50(iC5c per bu for ruta baga turnips. Veal was dull, tho market being largely overstocked with common carcaspoñ; quotationfi range at 4@8c for common to choice. C(rERA(ïIi, LUMIÏER AND WOOT). Cooporage met with a fair domand for tho , packiug clescriptionB, and prices wero a shade i firmer. The offeringn were onlv moderate, and ; quotations range at 91.121 for pork barrels, ■ïl.40 for lam tierces, 1. 90(5)2.10 for whisky 1 barrels, and i5r:55c for fiour barrels. The arriraln of Jumber were quito liberal, but there was a go"xl country and local demand, and tho market rulod fairly active and firm; quotable at .8.50 per 1,000 i'eet for joist and Bcantling, aud iJS.50(n)14.OO for gMpt amlboardH in cargo lots, according toquality. Trapío inwood wan rather light, but tho mipply in not oscensive, and prioes remaiu unchanged. Quotable at Í7.50 per t-(ird for Juckory and maplc, iCoO lor bcach, and ■f6.00 for fiiabs at tho yards. KEW YOKK. JiKKTR 11 ( JS Ilonn- Dreneed 8 (4 Hl I Cotton l4(it MM FI.OVB- Suporftae AV'i-Htcrii 4 70 495 Wheat - No. 2 Ohioago „ 1 19 (4 1 'i No. i Spring 1 25 @ 1 mi) Corn ( 91 Oatr 75 ( 77 Kïii 165 m, 1 07 Poilii- New Mobs 21 00 i "22 00 Laiid - Bteain I.Vm Jöl, ÖT. LOUIS. WllBAT- No. 2 Red 1 89 (i 1 41 Cörk- No. 2 New n @ 7(i Oats- No. 2 Ca ij Kr, KïK- No. 2 1 08 (4 1 10 Pobk - MCB8 (22 23 Lard H (i 15 Hoos 7 00 (4 7 75 Catti.e 5 60 @ 5 75 MXLWAUKEfc. Wheat- No. 1 1 03 @ 1 0B No. 2 1 00 ft) 1 1)1 CORN - No. 2 711 @ 72 Oats- No. 2 @ Cl RTF. 113 1 15 ' Barley- No. 2 132 @ 1 36 j CINCINNATI. Wheat- Bed 1 88 el" Cobn- Now 77 @ 80 Oats 68 @ 70 ltYE 123 @ 1 25 Pork- Meas 2100 @22 25 Lard 14@ 15V TOLEDO. Wheat- Extra 1 3(1 (9, 1 38 mlier 1 20 @ 1 28 COBN- New 77 @ 70 Oats 67 @ 69 DETROIT. Wheat- Extra 1 31 ($ 1 ,13 Amber tb, 1 '2$ CORN 79 @ 80 Oats 06 @ 67 CLEVELAND. Wheat- No. 1 Red 1 32 e 1 34 No.2Red 127 @ 1 29 Corn 76 @ 78 Oat G9 7 -

Article

Subjects
Old News
Michigan Argus