The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1872-07-05

weather abroad az vel as here could restore
life to the trade. The declining tendency,
however, must have an end soon. The receipts
are dropping OF greatly, while our growing
crop can not be beyond peradventuIe for 30
days yet. The stock in elevator is about 1856
coo and somebody has 10 loose money on it,
the gross decline now being 62c, closing rates
TO day; extra 1,67, No white, l,57. Treadwen
l,56, amber, 1,54. Corn is heavy at As. oats
are at last looking up, spectators offering to
60 IN AZ 33 for No. state. White state are
worth S8. Butter is dull st 14@l5, though a
tne article brlngs l6 The stoc. can be meas
ured by the cord and il looks as If heavy
amounts would again be lost through deprecia-
ton IN quality. There ls big responsibilities
to divide around among the thousands OF far
mers who have made this milky, greasy, over
salted stuff, and the careless country store
keepers who mlxed it, There should be butter
factories on the same principle as cheese fac
tories. Eggs firm at 1917 cheese 12@13-
Dried apples lie. green (new) 81, 80 per bn.
Tallow Sc. HarnE 120l2l%.
DETROIT, July }, 1871
There have been few important changes in
hardware. Nails have declined 121 per keg
lOd bring $50, subject to the usual discount TO
the trade. Flat bar iron has fallen off. but
sheet iron and cable chain have advanced Solo
per cent. In dry goods there have been no
changes OF importance the trade is very quiet.
and probably cheaper time will not be seen
for months. Groceries are active for the season.
refined sugar Is gradually working down-A
coffee being only lI@1lc higher than before
the strikes in the y. I. refneries. Standard
is held at 12]Ic but liable to shading. Interior
buyers evidently have had enough OF running''
up the market, and since they canno. longer
unload to each other, per farmers wagon, at
high prices. Hard positive business is being
arrived at y lower range ia unmstakably oh
tanning. and. disappointment tho it he TO
farmers, there seems no getting round the fact
that they shall have to compete with foreign
wool at GOc, laid down on the rearboard. Yet
u LOOKS as If something might be gained and
nothing could be lost, bygrowers, if they should
hold on. Flour is extremely dull. Holders
ofer choice white at IS, and would accept less.
Wheat, which has been declining at the rate of
Io3c per day since the date OF last letter. took
strong upward turn to-day. Operators went
IN lively, and as If they believed the expected
reaction 10 have really come. The business
was nearly all OF a gambling nature, however,
and the person at distance who believes that
q certain grade is likely TO advance 10 $15sm
z weeks, simply because a Spectator takes an
option for future delivery, is very likely 20 ind
himsef Fooled As il ls. there are 20 many
. options" and puts" out that tho stock or
wheat IN store ls literally tied up. Inc seller
foI future delivery must carry wheat With which
TO protect himself. and that style OF trading is
no benefit TO legitimate business Farmers.
who have wheat to sell should embrace the op-
portunity this month. or they viii either have
to take less money for il atterw&-d on carry It
TO another season. Closing rates wore. extra,
-l.63; No. white, $50 (was 81 yesterday
Ireadwen, sl.4s amber, ?l.42 (was 80 yes
day. Corn Is quiet at i7c. Gate rregular-
No. l, 3l@33c. Butter is frmer, choice eng
scarce; range, 13@1Gc. Eggs dull at l5c 70
tatoes dull-old mixed, 25@3Oc; peachLlows,
40@50c new, Soc. The cattle markets are
very dull. Prime steers s5.5O@6.c0; common
S4.5O@5.25. Sheep, 53.75@45O. Hogs 81
Cheese, 12@l21Gc, and ruling III buyers favor