The weekly Oskaloosa herald. [volume] (Oskaloosa, Iowa) 1855-1885, 1873-05-29
osKALoosA PRODUCE MARKET.
THE MARKETS.

he MRhk6 Dc
CHICAGO, May 81. :.
Tuesdays Times says: Business was
rather active in financial circles on yester.
day. There was no change of any conse-
quence in the condition of affairs, but as
almost all branches of trade opened in
remarkable manner, the movement at the
banks were fully as liberal as could be ex-
pected on the first day of the week. The
feeling reported on all sides was also
healthy, and with easy money, the situation
was regarded as satisfactory and promis-
ing for another active weeks business.
Our loan market is now in really com for
table condition, and as local deposits and
interior collections remain good, even for
this season, the banks as rule are begin
ming to show some desire to place their
surplus resources before the opening of
the dull summer season. Hence, notwith-
standing the anxiety which is still express
ed by some of the national institutions
over the long expected call of the comp.
troller for statement, the idispositon now
shown to grant discount and other favors
is unquestionably better than for some
months past.
The report of the wheat crop in CalifOr-
mia unfavorable. and the estimates are that
the crop of 1873 will not be one half of
what it was in 1872. There was larger
breadth of land sown to wheat on the west
side of the San Josquain valley, but little
grain will be raised, and on this side only
partial crop is expected. Other reports
state that there will be about an average
crop. At the beginning of March the re-
ports were favorable for good crop, but
the drouth since has cut off all hope of q
large crop.
The markets traded in on change were
little quiet on yesterday. Provision, or,
more properly speaking, mess pork, sold
with trifle more freedom than is usual,
but in the different branches of the grain
trade remarkable tame feeling prevailed
operators of all classes seemed to be some.
what Indifferent about trading, and al.
though vessels with total carrying ca
pacity of over 100000 bushels Of. wheat and
100000 of corn were chartered, scarcely
moderate business was transacted Still
the various markets presented a tolerable
strong appearance, and wheat, corn, and
other cereals commanded Saturdays
prices.
The week opened with fair degree OF
life in leading mercantile markets, and
business in all channels was somewhat
larger than is usually witnessed on the
opening of the week.
New wool was ARRIVING slowly. Old
wool was scarce and firm.
SPRING WHEAT-This market was very
steady on yesterday. There was no par
ticular activity in the movement, as opera
tors generally felt more inclined to specu-
late upon the future of prices than to trade.
yet rather strong feeling was exhibited
on all sides. Notwithstanding the receipts
were larger, and the advices from other
points unfavorable for strong prices, hold
ers were really firm in their views, and the
market was sustained throughout at last
Saturdays figures. The demand was main
ly speculative, and largely confined to Gel
Ter June, though cash property sold with
moderate degree of freedom. No. 2 closed
for present delivery at 81 2S1a No 3 sold
at 81 10, and rejected at 81.
CoRN-This market was comparatively
quiet on yesterday, operators being in
smaller attendance than usuel, and only
moderate business was transacted. Lake
freishts were lower, as vessels were plent-
Ter, but shippers were not disposed to
operate with much freedom, and transac.
tons were chiefly upon speculative &C.
count. The weather was warm and
favorable for the crops, though holders
were firm in their views, and prices were
steady at about last Saturdays quotations,
favorable eastern advices being received.
Regular No. 2 sold at 3sa4a3s5sc, strictly
fresh do at 3sa39sssc, and rejected at 3615a
361ac.
OATs-This m arket was characterized
on yesterday by considerable activity on
speculative and shipping account, and un-
der moderate receipts and favorable eastern
adyices, prices ruled firm at an advance of
about nc on last Saturdays quotation.
Regular No. cash sold at 311s@314c
strictly fresh do at 312s@32c. and rejected
at 294@291sc.
RYE-Neglected No. 2, 69c. Rejected
&C.