The New York herald., 1873-11-12

The Saginaw Salt product this year. Is to be ABOUT
S00,0 barrels, against 100000 last year. This
terest Is not seriously affected. The decline in
price is very slight and the production is not d.
There are about 1000 hands employed In the
tobacco manufacture In this city, and the business
is going along as usual Toe 900 men employed In
the manufacture OF shoes paid full prices, but
work only three-quarter time The 500 men OF the
stone works work full time, at reduction OF ten
time and know no reason why their business will
not be like tnat OF the preceding winters. rhe
same holds good as to minor manufacturing enter
prises, which 1t is not important to specify.
THE WHEAT MARKET.
This Is the chief market for winter wheat In the
as that or each OF the two preceding years. and
the price at which 1t opened was not wholly salts
factory to the farmers, so that while q fair move
ment had taken place, the producers had not been
free IN their deliveries. Since the panic CON-
menced receipts have largely allen on; the market
has been tame and the price having declined, was
still less satisfactory to the farmers. Buyers for
the Eastern markets have been very cautious, TAX
At first 1t was believed that the panic would be
temporary, and that an improved demand would
tation has not been fnlly realized. For the past
two weeks receipts have improved, though
they are stil light, and with the close OF naviga-
ti0n will not exceed one half OF those or last
year. IL Is thought however, that there is more
wheat In the hands OF farmers, compared with the
yield, than Is common at this time or the year. The
n0ur market Is quiet and unsatisfactory and since
the panic very light indeed For this season the
receipts have only been one-hrd those OF last year.
Our local milers, who have built up good East
ern trade, have had fair business all the fall snd
thus lar have continued TO operate without cessa-
ton and found market for all their pro.
ducts. The prospect for the winter encourages the
nope only OF moderate demand for consumption.
Export or speculative demand Is not looked for.
THE PRICE or WHEAT
mas anen on twenty cents bushe In the last six
weeks, IN sympathy with the shipping interest.
wmcn tnis year, up to The panic, was hourIshing
unprecedentedy. But the panic stopped tho
movement OF grain; heights fell from fifteen
cents ior wheat from Chicago to Buffalo to
md m
awndnng, the vessels went In swarms 70 the
uocks i0r winter quarters. The great Withdrawal
ofvesses improved the chances 0f those which re-
manned, ana ircights are slightly better, but stu
most unsatisfactory. Trade In its various branches
isc0seu Country purchasers take no stock beyond
ther Immediate necessities, and everybody Is look
ing out for the worst and hoping for the beat.
Michigan, all things considered is IN fair condt-
tlon She IL a little snug just now, but her SOIL ~
rich above ground and below, and all the cemer4ts
OF substantial prosperity abound within her bQr-
ders. Therefore she ~ waiting hopefully perhaps
cheerfully, Tor the clouds to pass away, when ~
her energies VIII be encouraged to start into ner
life and her people will reap the reward OF their -
terprise aud industry.