The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1873-08-01
COMMERCIAL.
NEW YORK MARKET.
NEW YORK. July %.

NEW YORK, July 20, 1878.
Money was IN excessive supply, and the rate
OF 500 per cent interest was liable to shading;
commercial paper was in good demand at 6@7
per cent. Gold, 11556@1159l; sterling exchange
steady at 10s24@1O85s, 80 days, and 1O9$s@
1093l, sight. Flour was dull and lower; super
fine Michigan. $5@53O; good to choice white
extras, S37.10@8.25 wheat unsettled; hardly
any demand for winters quotations nominal at
SLIGO for amber Michigan, and $1.50@1.75 for
white Western. Corn steady; Western mixed,
51@54c; oats dull at 41@4115 for mixed. Mess
pork firm at 517.25@17.50; Western steam lard,
S94@s1sc; good butter very firm; Western tub
advanced to 24@25c for CHOICE; Western fac
tory cheese, fair to fancy, 9t13c. Eggs, 20@
dc. Rio coffee firm and about 1c higher;
quoted at S14@20c gold, for invoice, and 209c
for jobbing lots; Java, 21@23c, and other kinds
steady. Rice firm at S1491lc; Turkey prunes
1S91S19c; Valencia raisins, 619@7c; layers,
$2.lO@2.15; new currants, 6@614c; Brazil nuts,
&c: filberts, 1319@14c; figs, s@12; Grenoble
walnuts, 21c. Dry goods were more active
with first hands, which indicates confidence,
but the jobbing trade was still light. Wool was
firmer: Michigan and Ohio fleece, 4S@52c. For
eign advices favorable.
DETROIT MARKET.
DETROIT. July so, 1873.
There has been very few changes in general
merchandise rates the past week. The tone
Of trade begins to improve, even produce being
more active. Money continues very tight,
mostly from outside influence, however, city
dealers requiring very few bank fayors to
enable them to carry on business at present.
The shortest interest is probably the lumber
one; dealers in that commodity paying 1919
per cent per month for short loans. Nails are
on the basis OF $3.50 cash, and tin plates re-
main at S14 and SIT for the two leading sizes.
Dry goods have received little more marking
down, but in the main prices are steady; brown
drill, are now lac; "Atantic d" sheatings, 12c,
and 'Stark A, "13c. Linseed oil is lower: raw,
879SSc, and boiled, 92@93. Opium has ad-
vanced to S9@9.75. Rio coffee SC higher; held
at 2311@2515c; Java steady at 26@.30c Sugar
is very firm; soft refined a. III. Lemons
firm at s1450 per box, and oranges at S11.OO.
Cattle are shade lower; prime Michigan, So
25@550; I'd quality, Si.500e5.00; inferior, 81.
| 50@4.00. sheep are steady at S3.5O@4'5O for
20 to 9Olb average; extra, 1O0lb quoted at s4.75
| Hogs scarce and nominally firm; heavy, $4,000
AGO; light, oi.75@5.00. Flour, though dull
holds UP tolerably well considering the decline
in wheat best country and city brands oil
white, SS.25@8.60; wheat is case lower than 9
week ago, and values are rather unsettled
most of the business Is in new; the receipts are
improving; Is to 90 cars per day. The stock Of
old is reduced to about 30, 900 tons, so there i:
prospect OF Its price keeping up, relatively
better than new, The difference now is 15@20c
to-day, old No. white sold at S16S and new
at 81 80; old white extra sold at S1.S0G1 81
and new amber at 9l.35. Corn lower; fresl
No. l, Mixed 45c; Oats lover No. State
SEC. Butter holds its own; choice scarce
19@19c. Eggs are firm at 16c for fresh Fee,
is very dull; bran, 1880. Hides quiet bu
steady; green country, 6%@715. Flint, dry
17@1Sc pelts. j0c@S1.75 each. Honey 200
22c; beeswax, 2Sa3Oc; lake fish steady at $3.50
for trout and $65O@6.75 for white. Potatoes
are a drug; new Michigan, 60a65c on street
farmers should quit digging Taow dull, a
&c buying. Wool firm: fleece, 37a41; combing
42mA5c.