The weekly Oskaloosa herald. [volume] (Oskaloosa, Iowa) 1855-1885, 1873-05-08
THE MARKETS.
CHICAGO, May 8.

THE MARKETS.
CHICAGO, May 8.
4 The money cIamp that has been exis.
ting for two weeks is easier,with every
sign of becoming free and easy in a few
days. The export trade in grain is now
fairly resumed, and will soon relieve the
banks of considerable grain paper, which
they are at present compelled to carry, the
prospects are good for an early improve
ment in the loan marke.. The banks, not
withstanding their anxiety to keep their
affairs in shape for the anticipated call
of the comptroller for public statement,
are,even now meeting the demands of their
regulir and legitimate customers, quite
freely, and the indications in all quarters
point in favor of an easier feeling before
the close of the first half of the present
month The inquiry of the funds contin-
ue large, and as the calls are well distribu-
ted among all classes of merchants, the
banks encounter no trouble in placing
| all the money they are anxious or desir-
Gus to lend Bank funds and accomoda-
| tons are still restricted chiefly to mer-
chants in good standing, or legitimate bus
mess men.
Thursday mornings Times says "The
markets for grain and produce were rath-
er quiet on yesterday. In wheat and other
prominent cereals the legitimate or ship
ping movements was perhaps little bet
ter than for some time past, but still as
the speculative demand was more or less
restricted, the different branches of trade
failed to exhibit the usual amount of life.
The feeling, however, was generally quite
healthy, though corn, oats, mess pork, and
lard sold at shade lower prices than pre-
vailed atthe close of last week. Wheat
and barley commanded slight appreca-
ton. At the close all the markets were
steady, though the tendency of corn and
provisions favored buyers"
The week opened with more than usual
animation in the general merchandise
markets of the city, and in all the channels
of business an actual movement swas the
ruling features of the day. The wea,he r
was all that could be desired, and the
bright sunshine seemed to infuse new life
to business, as we'll as to impart cheer.
full life to business men in all walks of
| life.
| FLoUR-There was no Improvement In
the condition OF this market on yesterday.
But few buyers were in attendance, and
alight business was transacted, transac-
tons being chiefly on city account The
stock was moderate, and prices ruled firm
and unchanged.
SPRING WHARF.-The business transac-
ton in this cereal as only moderate on
yesterday. There was some demand for
cash property for legitimate purposes, but
in the speculative circles considerable
less than the usual amount of activity was
exhibited, and consequently tolerable
tame day was experienced. Still as the
character OF the demand enjoyed was much
more satisfactory than for some time past,
than at the close of last week, and with
rather encouraging eastern advices, the
ruling prices were advanced &c. The
condition of the general trade is just now
comparatively favorable for holders,
though, unless our shipping inquiry du-
ring the present month should prove to be
more liberal and urgent than is now an
tcipated, no substantial movement is look
ed for in the current prices. Our stocks
are at present well concentrated, and the
indication promise, with a fair export de-
mand, nothing more than a strong mar
ket. On yesterday the speculative de
mand was largely confined to parties who
had outstanding deals that they were anx
ious to cover. No. 2 closed at 81 2415 fol-
| regular, and 81 20 for fresh receipts.
CoRN-At the opening on yeste rday the
corn market was quiet and steady, but
| subsequent buyers became more numerous,
| and un der the influence of an improved
demand, a frmer feeling was developed
prices ruling about 4@2sc higher than on
last Saturday. There was some inquiry
for shipment, yet the movement was main
ly ola speculative characte r, the shorts
purchased with consid erable freedom.
The receipts were fair. Cash No. 9 sold
at 372244 a3Sc for regular, and 3Sl4a3S3sc for
strictly fresh receipts.
OATs.-This C ereal opened steady on
yesterday at Saturdays outside quotat ions,
but subsequently, owing to the improved
offerings, and the decline in corn, an easier
feeling was developed, prices declining
| 58@12c. The demand was fair, and chiefly
of speculative character. Regular No.
sold at 3lls@3124c, and closed at 311s.
LATER No. spring wheat was in
rather moderate speculative demand on
the afternoon open board on yesterday,
but prices ruled comparatively steady,
closing at 81 24224 for seller May, and ST.
261a for seller June. No. 2 corn was stea-
dy and moderately active, prices closing
at 3S1sc for seller May, and 4O15c for seller
June. Other grains were rejected.
LIVE STOCK MARKETS.
CATTLE-The receipts for two days
were about $500 head. The market
opened just about as dull as it we'll could
| be, and sellers were about as blue lot of
men as ever was seen. Eastern advices
were of the most gloomy character, and
shippers could not be induced to operate
at anyprlce. With the yards filled with
stock and no buyers, was enough to make
sellers blue, and drovers to lose their tenn
per. There was between 5000 and 5000
head in the pens, hence if country ship.
pers will "lay Off for week there is a
supply large enough to meet the demand.
In brief there was little or nothing doing,
and prices were nominal as follows =
Medium to fair 4.25 to 800 Good to prime
steers 5.25 to 5621l. Choice graded steers
600 to 6.25.
Hostile receipts yesterday were
about 1000 head. There was better feel
ing in the market although no positiv G
advances in prcess was realized. Smooth
lots were selected for Boston and Philadel
phia at $5 35@5 so, yet the bulk of bust
ness was transacted within the range O
5000 30 for common to good smooth stool