The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1873-05-30
COMMERCL1L.
NEW YORK MARKET.
New YORK. May q, 18I

New YORK. May q, 1873.
AS general thing during the week the
amount of money on the market seeking tenn
porary employment was in excess OF the wants
OF borrowers. and 3a4 per cent had on some
days been accepted to-day the demand was
better and the market closed firm at per cent.
Commercial paper steady 7@9 per cent. Gold
11S35@11sl5. Sterling exchange, 10715@109%.
The -four market was weak in tone, with sup
plies offering freely: superfine Mich, So $500
G 30; extra do. 8 65@1O So st. Louis extras,
85a12 80. Spring wheat was held with con-
fidence but winter was quiet and unsettled
No white Mich, about 50 08, and extra at
%. Corn scarce and frm-mixed 62l5@63c.
Oats steady western, 51@52Hc. Provisions
doing better-mess pork, @16 rs Chad been at
SIG %. Lard, 9a9J5. Butter lower-western
tub, 22@24c. New factory cheese, 13@151I.-
Eggs, IL 17jIc. Sugar ruled dull-soft white
10o10 prime to choice Cuba, 8@z@9. Coffee
quiet but frm-Rio, 173[a192I gold; Java,
20l5@22. Holders OF tea we're disposed 10
press business. Dry goods were very quiet
cottons so dull that jobbers were undertaking
agents. Prints generally reduced to Zoe. Wool
ems were in fair inquiry, and though many OF
the factories have been running on short time,
tine goods market was still overstocked. New
wool was beginning to arrive, but prices were
not settled-old nominal at 45a49.
DETROIT MARKET.
DETROIT, May %, 1873
Dry goods, which received an important mark
ing down last week, are again lower business
beside Is very quiet. 1t is hard to believe that
prices can go lower. Discoursging news for
fur dealers has been received from the great
fair at Leipsic-an agent OF a house in this
city cables it that nearly every description OF
fur has fallen off in value. AS the catch of last
winter. however, is pretty much all in the hands
OF buyers the decline makes but little difference
to hunters. Nails are sc lower-1Od, IS 10. 60
days flat bar iron declined to 10 and copper
bottoms to AZ. Linseed oil fuctuates: the
others steady-boiled linseed, 01@1 o. No.
/ lard, 70d72c turpentine declined to SOC by
the Dbl. and kerosene quiet at 10000. Quinine
is on the upward turn-now 850p2 80. Opium
lower-S7 rs. Groceries very steady straight
refined sugar, 111s. Rio coffee. 2215@25 !;
java. ZOtHOU. tdttie are ScarCe-l,UUU TO l.lUU
Id. steers, 20 5000 mich COWS and calves
s30W50. Sheep are in good demand-S0@90
Id. sheared. "a 1905; light hogs are in demand
at $5@5 80; heavy steady at "a 1905. Flour
| is IN fair demand-choice white at 5000 so {;
medium at S68 IS and low grade at 5Cd5 &c.
Wheat is 1@t4c lower on the various grades
The speculative grade is relatively steady, but
on the others there 10 desire to press business
The receipts do not improve much and the stock
IN store is reduced to 7S, 500 blu. Closing prices:
white extra, 81 "a No. white, 87la No. 2
do nominal at ~, and No. l amber at / 40.
No. white seller June, was offered at 40
without takers. In few days more the big
contest will begin. Corn is firm at 47c. Oats
are quiet at 41c for No. State. The fear of
a dry summer aud short crop is already in
ducing speculative purchases. Apples are
scarce and frm-Steelc's reds IS 5006 per
Dbl. Dried apples are unsaleable. Butter steady
at zoe; new cheese. 1301ic. Eggs firm at 1ic
in baskets and 15c in crates Hides firm at
| 1903; pelts 7501 IS. Lake fish firm at %
@6 so for trout ane 75a7 for white. Honey
dull at 2iG25c. Potatoes Interpretations.
s00Sjc; early rose, S1@1 90: mixed, 55@60s.
Seeds nominal. Tallow firm at 71I@S. Wool
| is unimproved: buyers offer 40Ca42c for washed
fleece. but disclalm anxiety. 1t is supposed
that new will start at about 40c. The money
market Is firm at 10 per cent. Collections from
1 .N