The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1873-10-17
COMMERCIAL.
NEW YORK MARKET.
New YORK. Oct. IA. 1877

NEW lOhk. Oct. Ia. 1910
Financial matters were getting along SWIM
mngly we'll until this date, when number OF
causes, principal among which was the advance
of bank rates in England. tended TO bring
about black Tuesday. Gold, which was down
to 1885, advanced to 1O9h. Some stocks
tumbled further than during the panic, num-
Der Of mercantile failures were announced, and
money on call bounded from per cent per an
to 3-16ths per cent per day. Commerci' paper
was offered at 1902 per cent per MONTH
Sterling exchange advanced but again receded !:
60 day bills. 1878. Greenbacks went to &@9s
prem. Flour was heavy and lower, almost
daily: superine Mich, 50q6 10; good to
choice white wheat extras, 81 15@S. Wheat
was a trfe more steady, under an improved
export demand for spring. Winter was IN
settled: amber western, 5S@1 81 white do
/ 5oal 10. Corn heavy at 5S@59. Oats dull
at 47li4S. Mess pork (new) SIC, cash; lard,
81. Butter III better demand; choice and
creamery western 2s0s3l; fair to good, 20925'
poor, 17ta19. Rio coffee, 1915@2lI9, gold ;
Java, 24ca2518. Sugar flat: soft white refined,
10@109s (; hards, IL far to choice Porto Rico
$500. Wool was again tntie slow especially
for cash Y and Xxx, 5Oa52.
DETROIT MARKET.
DETROIT Oct. Is, 1873.
There is good deal OF activity IN business
circles, but the money pinch is dreadfully an
noying. Whether there is reason for the con-
tinuance OF such an uncomfortable state OF al
fairs is an open question. II the two extreme
classes-bankers and laborers-would follow
the example merchants have set a.! through
the panic, there is no doubt but the circulation
Of currency would be large enough. The de-
cline in gold begins to make some values shaky.
Sugar. for instance, has declined &c during
the week-straight not quotable now at more
than II, ana coffees are OF 80. The latter,
however must be lower soon, for with Rlo at
! 81 in New York and gold sc prem, jobbers
here cannot expect to get CSC, no matter what
the east was month ago. Dry goods have
met with very free Inquiry for 10 days so
has hardware. and both show steady prices
Linseed oil has advanced 1Cd2c-raw, 9Scto1 co..
No. l lard oil IS steady at rs; kerosene. at %
@23 turpentine at So: alcohol at ! 30. The
five last named articles are now sold only
for cash on delivery. Live stock is hardly so
firm as week ago, especially hogs. which. I'M
less tit to make pork. are slow at So 1904,
while poor go az low az 70. Choice steers
! are firm at 2594 so, but the bulk OF the sales
are at 50G3 rs. Lean animals, 90 25@3.-
Good mich COWS are quiet at S40@50; poor
slow at 925@35. Sheep 5 5Oq3 rs for medium
and S4664 % for heavy. Flour has sold pretty
well at decline OF 25c per Dbl. Holders offer
choice white at 25o7 so, cash, and amber at
sc 750t7 5lilers report their best at 500
z rs, on time. Wheat has declined about lie
per day all week and the feeling Is not very
hopeful. 1t is claimed that not more than "a
per cent of the crop has come forward. and
tue majority OF opinion Is that farmers are
likely to lose by holding on-that better prices
cannot prevail until all traces of the panic are
overland that the increase Of (wlnter) freights
to nearly double what they are now must con
out of the wheat. AT the board to-day tradir 6
was spirltless, New York kilograms indicating
a state OF affairs as bad az ever. White extra
sold at / So, No. white at / 49,. No dc,
ut 80, and No l amber at l &c. Yellow corn
was offered at SOC and No. was not quotable
over 49c. No l mixed oats sold down to 35c
! and even barley was dull, No. being refused
at so Pc GENITAL, cash. Apples are lower
fall, 2 % 2 so; winter, 60~2 rs Beans
very dull prime picked, S2@2 10. Butter tCc
plenty choice, however, steady at 25@26c =
Potatoes, G5a70 Tor ca rly and late respectively
TIMOTHY seed, 3 10 iallow dull at G@6;4.-
Beeswax 5000 Cranbezues, - 5)cf3. DutcL
esq pear, 3 5Oa4 81 per bu