The true northerner., 1872-08-16
COMMERCLAL.
NEW YORK MARKET.
New York, Aug. 13, 1872

| Unless in grain, there is not much business
stirring. The weather has behaved uncom-
monty bad the last few days for the commercial
interests. Gold keeps up Q511 prem.) and
sterling exchange is down C10S5s) but money
is extremely abundant, particularly on CALL
Long business paper is not in favor, 7@S per
cent having to be paid for it, while 8 is high on
call. Wheat is 3@5c and flour 100000 up since
week ago. Red western wheat is quoted at
1.S3 and white Mich. at 1.S5@1.S9. great
deal Of confidence in good prices being obtained
for breadstuffs the coming year is felt on ac-
count Of the advices from Europe and the way
IN which the market starts. II low prices were
going to obtain, it would merely be when an
abundant crop Of cereals had Just been gathered
and a fair surplus from the old was still on
hand. Corn is steady at 63@64c. Oats are
quiet-Nich. 4S@52c. Mess pork Is 10@15c
better, being firm at $13.75. Lard is also firm
er,-old kettle, 93sc. But if western butter
has got out Of the slough. deponent hath not
learned it. The quotation is 10@l5c. Cheese
Is IN better inquiry common to prime, 1O@l213.
Cotton is quiet at 21$4c for middling uplands
Cotton goods are inactive but firm. Woolens,
including flannels. are decidedly more animated.
Raw wool shows very little improvement
There are Indications, however, that the worst
is over. such for instance as the reshipment
of invoices to England. Manufacturers are
also getting invoices from the Middle and West
ern States shipped to them in fictitious names
which is a continuation Of their policy or keep
ing out of the market for fear OF Initiating it.
! The entire clip Of the |. s., 1t is estimated.
Will not exceed 10. 900, 900 lbs, which with 80
or 40 million lbs. OF imported is SAID to be not
sufficient TO run our $500 sets OF wooden ma
chlnery for the remaining 10 months. The
London sales closed at an advance. and goods,
1t is predicted by some, will cost more TO pro-
duce than last year. Sc this as it may, goods
must improve in value before manufacturers
will feel like competing against each other for
wool. The grower can we'll afford to await de-
velopments
DETROIT MARKET.
DETROIT, Aug. IA, 1872.
20 far as bulk goes, business is nothing to
brag about, yet there Is no unreasonable dull
ness. except in dry goods. Drug jobbers are
gradually coming TO the new duty of basis -
l. inseed OH is Sc down-boiled, S3@Ssc. Tur-
pentlne is down 3c-to 60 10y the Dbl. Tin has
advanced soc per box, 10xlt l. c. being @l7,
and 10x14 l. Y. $50. Cable cham is up &C.
Barn boards and fencing are held at a higher
range Flour is very firm at l0G25c advance
or $500 S.75 for fancy white. Sellers are IL
different indeed, some stock has been with
drawn from sale, and mllers are not willing TO
take orders until flour goes up or wheat comes
down Thus 1t stood this morning, since when
wheat, lower all over, unless Chicago where
a - corner" exists. has tumbled 5@lOc Prices
are now for new wheat, and are as folows:-
extra. :1S5; No. white 1.70 1.Sl) yesterday
No. . do, 1.52 Q.62 yesterday; No. amber,
139; "Treadwell" is obsolete. The new grades
adopted Yesterday include. OF white wheat ex-
ira and Nos. /, and 5 Of amber, extra and
Nos. and (no No. p. The No. l Of each
grade is about the same as formerly, except
amber which has wider range, so that there
will be very little difference, so far as Michl-
gan is concerned. Ii is expected that the de-
cline today will scare dealers in the interior,
but if this fall passed without a decline on the
incoming of the new crop, it would be an ex-
J cepton to the rule, " Stand from under -
Corn is dull at 53c, and oats quiet at S6 for No
l, and 4Oc for white. Apples are in better de-
mand, S2@2.50 being now paid for State. But
ter is dull, unless very choice, which is scarce
and commands 17@1Sc. Cheese. is steady at
11@11j3c. Eggs are dull at 12@ l219c. Hides
are firm at 81 for country. Onions, S2.5O@-
2 90 per bbl Potatoes steady at 500 90c per
bu. Talow, 79(c. A coffee sugar, 12@121Sc