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Finance And Trade

Finance And Trade image
Parent Issue
Day
3
Month
September
Year
1875
Copyright
Public Domain
OCR Text

Country order for curroncy liglit and the moncy marlu't WM quiet. Tlio BQpply of loanablo funda waa large and interest raten were easy at 7ï?8 per cent. for geod collaterals. Governmenl boudn toady uud firm. l'.KEADSTDFFS. Tho grain inurkets have been quito activo througbout tho entire weok, speculatorö talting hold quito frooly, both tho local and order dopartmcnt bcing quito activo. Valúen liavo been somewhat irregular, but tlio chango and iluctuations wen not at a vc-ry wido range, the closing quotatioiw DÓt öhowing mach chungo, save for coru which was materially lower. Tlie reccipts wero largor, but operators had expectcd increascd arrivalH, as, during tho closing days of the montli, tho Angnut shorts had ca culated on receiving ineroased quantitics o giaiii for delivcry on matured oontraote Spring whoat wa quito íirm with a good de mand from Hhorts and on Hhipping accoun Corn was lower, raainly under the inilucnco of tho warm woathcr for tho growing erop. Oats ruled stcady. llj'o and barley firmer. The followiug table shows the prices curront at tlic opening and clono of the past week: Ojiening. Closiifj. o. 2 sp'R wheat, cshIj @1.2.ï% Ol.lTJi O.1, RÍ'lICr AllKUHt.. Í1. 15 (1.1514 (rfl 17v; N(i.2,ficllcr September (.f.l.ló .{1.15 (1.15S. o. 2, seUor October.. 1MX&IMX l,l(v io. 2 cirn, cash (W)j(@ .68 (.4 XA o. 2 corn, s. Anxiwt. .C"X(4 .8 .G4X@ .05 b. 3 coru, sellar Sept. "(4 .C.8 @ .64?,; o. 2 oat, cah @ JQ (rt ..il. o. 2 oats, 8. August. . .'JO C4 -WA (4 .89 ' ■io. 2oats, s. Scpt... .8SJÍ .35,' bid. ïo. 2ryo, cash 82 @ .82)$ SI .84 No. 2 ryo, s. AUR 82 , .83 .83 't, .84 No. 2 rye. s. Scpt (S .78 (n) .78 No. 2 barley. canh $ 1.10 bid No. 2 barley, . Sept.. (ñl.o:] 1."1y, No. 2 barley, s. Oct. . . @1 .(12 (1.05 No. 3 barley, caah. . . .79 ( .82 @ .85 ritovisioNS. Tbcro was more doing in this miu-kct during Uie past weck, but tlio oiTorings wero large and tbero was only a mail improvement i) values. Mess pork was in good specnlativo de mand and an advanco of 25@80o wáa establinliod. Cash mesH pork oioeed at $20.20, seiler Augnst at .f20.20, and seller September at aO.26@aO.80. Cash lard clescd qulet at #13.12%, seller September at il3.1018.15 and seller Ootobor at $13.20@13.25. l'ROTXJCE. Tboro bas been nothing new of essentinl importunes developod in tbo market for butter during tbe week that lian .just passod. Thero haa been but littlo dinposition shown to make aiiy extensiva purchases of tbo lowcr grades, and considerable more caution was oxhibited on the part of snippers and parties who bny for tbe purposo of re-pácking. The few huyera on the market, owing to tho unfayorable advices from the East, wero endeavoring to purehase at shaded prices, bnt the stock on our market was very menger and these report had n apparent eflfect on the market. Tho better grados of butter havo met with a good local inquiry, and tbe recoipto were baroly sulllcicnt lo supply tho trado. Thero irn no chango of cousoqiieuco in priceg, the primo grades boiug very lirm, and tho lower qualities wcre steady at the decline ïioted iu our reviews of the previo weck. Ono of the principal rnwinnn for tho stock now on the market is that doaJej-s in lbo East have uscd every endeavor lo induce Western hiijpers and dealere tocongign tlieir shipmentsto their markets, and a good many lots have in this marnier passod direct to the soaboard. Tho Europeas domand for somo time past ha boen light, and bbis being iibout tbc only ontlet for bnttor in tho Baatsrn marketH, tbo conseriiienco is that the abovo mentioned markctji have had a smrphie supply, aud pricen are at the present time lower than in thia market. On tho other hand tho outletfl from tliis mnrkot aro quito numerous. Tl. ere bas been a good Irado with Sonthern [loints dnring tho oason, and a largo arnount ua been sbipped to the lumbering districta. Exportera also ünd it to tbeir advantage to make purchases at this market, as the rates of Freight and tbc connections aro sucli aa to form a liealthy comoetUion with tho Eastern uarkets. Deakrs hero, inanticipation of more ibcral roceipts, aroioeping theu' stocks woll closed out, and tho mnrket was nevor in a boter coudition for the receipt and handling of consignmeuta, Tho quotations givcn below are for tho gradea adopted by tho Butter Hociation : 22(í?,25c for Extra, 18@20c for Firsta, 15@16o for Seconds, 14(15c ior TliirdK, and 12W13c for iuforior stock. Thero wcro no sales of boans mudo that wcre of consequenco and prices wero unclumgod. Primo Entitcni mcdiuma quotablo at $1.80 por bu. Western wero entirely nominal. ïhore was a fair Irado reportcd iu broom corn, and tho markol rulod nteady n followa: UW@18.Ho for No. 1 to extra burl, lOW@ll)io 'for Róód to clioico Htiilk braid, and 6@8Jo for cupoked. Beeswax quiot at 26(528c for good to primo yelIow. liei ric8 wero rather quict and tho receipts oottBisted mainly of blackberrics, which cloucd at $3.5004 00 for Wilsons, $3 for Lawton, imd .fl.75((i2.0( for wild. Ohceso was qoiet at nucliangod priccH; quotablo at 6@9o for poor to goed, and 10U@llo for primo. Uricd fruite wero lirnior and a fairly activo buHinenH was roportod. Tho market closcd at lüc for primo Eastern appleB, llj-rfc for hajvoa poaolies nnd 11 Vc for blackben-ics! Dried peas dnll at 2.00('2. 10 for oboioe groen and -f l.G5f)1.75 for marrowfat. There was nolhing of ooimoquence dono in foathers; quotablo at '18(u!52c for primo live geese, and 20@25c for choiec turkey tail. Green frnltè wore fatrly active, but priceH under surplus offeringH clotied woak and lowor. Applafcolcead ai 1.00(.3.00 por brl for common to primo eooüng, and $3.00(13.50 for eatiiiíí- Peachea 75o@$1.00 in J-bu boxos, and about 75c for %-l.m baskets. Plums, il. 00 per banket tot Green UagCH and Damson phrmB, 2.00@J.50 for Dclawaro lïartlclts, $1.00(3 I.S5 for Southern do, and 50f"75: for coiHincn dcBoriptions. (Irapos Bold at G(ifOc per lb. Hidcs wero in fair domand and firm at 8 a for greon Halted all round, and 12('13c for calf. Hops dnll at 10@18e per lb. Meions wero dull at tiO.OOC'ííO.ilO per 100 for watennaloiw, aooording to quallty. NutmcgH sold at 50(ii75 in nmall cratoH, and 75c to $1.00 incraioH cóntainIng two dozen. TotatocB wero dull, and outaido lotH were almowt unealable. Balt remaius eteady nt $1.00 for Onondaga and Haginaw fine, and #1.70 ior ordinary coarse. Hweet potatoes nold slowlv at $4.75 per brl for JcrHevH, and i3.50 tor yellow üliiioia. Wool rciuaiiiH dull and unohangodt Sales of voal wero slow at 5(ft 8c, according to quality. KEKIiK AND HIIIIIWISK.S. Tboro was considcrablo now timothy soed roceivod during tho week, but there wae a very good demand and priee ruled steady and ii fairiy active busineuH wa transacted. Tho quality oí tho Hoed arriving was very poor, and of prime the offerings were ouly moderato. Halen wero mado at ia.4ü(;2.G5 for poor to good, and .Ï2.7O@2.75 for primo. Clover was inactivo and nominal at .18.00(rï8.20 for good to choice medium. Flax met with a fair domand and prieeti wore stoady. Sales ranged at $1.50@l.G0 for fair to good crushing. Tho otbor doscriptions wcre Inactivo and nominal. Highwincs wero steady and a fair trado w;w reported at 1.1'J. COOl'EBAOE, LUMJ1EH ANK WOOD. Tho quietness of sevcral weeks back sgain existed in th market during tho past woek, but as usual the fecling that prevailed was ono of steadiness, and formor priecfl wero maintained. (Juotal)lo at $1.12i@1.15 for pork barrels, .#1.35()1.45 for lard tierces, $l.!)0(o) 2.10 for whisky barrols, and 45(ii55c for (lour barrols. Thoro wan a better domand fcr lumbor. but the eupply of cargoes was ratherlight, and the markot for tbis reason rulcd quiot. rricea VKxe, steady at $6.25@8.60 for joist and Hcautling, $8.75i?il5.00 lor common strips and boards, 3.10@2.70 for ehingles, and $1.50 for lath. Thero wa no business of consequence doing in wood, and prices remain unchanged; quotablo at $8.00 per cord for hickory, 5'6 50 for maplo, 5.50 for beoch, and .f4.00 for ulabs at the yard. Telegraplilc Market Reporta. NEW YORK. Bkkvf.s 7 50 @13 00 lloas - Dressed lü1; 11 Cotton HJi 14V 1'i.our- Superfino Wostoru 4 70 @ S 25 Wheat-No. 2 Chicago 1 35 at, 1 36 Cobn 79 @ gx Oats 50 @ CO KïK @ 98 Pobk- New Mpbb @21 00 Labd - Steam (& v ST. LOUIS. Wheat-No. 2 Bed i 40iL@ 1 42 COBN- No. 2 62!i 63 Oats- No. 2 @ 38 RYE- No. 2 78 @ 7!) l'OBK- Mess 21 25 @21 .TO !■"'" I2f@ 13 Hoos 7 50 @ 8 00 Cattle 2 50 @ 5 50 MILWAUKEE. WHEAT- No.l @ 1 20; No.2 @ 1 jy Cobn- No. 2 @ 05 Oats- No. 2 SB @ 38 Kïe : @ 82 No. 2 1 0G @ 1 07 CINCINNATI. Witeat- Olcl Ked 1 10 @ 1 50 Cobn 74 % 75 Oats 30 @ 50 Rye L gg Pobk- Mess 20 50 @20 75 Labd 13k@ 14 TOLEDO. Wheat- Extra @ 1 88i Amber 1 37 (g, 1 38 Corn 09 @ 70 Oats i' @ 17K DETROIT. Wheat- Extra @ j 47 Amber @ 1 82 Cor.N @ 75 Oats 41XO 42 CLEVELAND. Wheat- No. 1 Rel @ 1 54 No. 2 Bed @ 1 28 CoilN 78 @ 79 Oats 44 @ 40

Article

Subjects
Old News
Michigan Argus