The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1874-10-09
COMMERCIdL.
NEW YORK MARKET.

NEW YORK, Oct. 6, 1874.
Money begins to tighten up, 8 per cent being
paid for call loans. Prime commercial paper.
SAT per cent, 2 and months second-class
paper, 86e9 per cent. Sterling exchange had
advanced to S515 for 60 dsy. Gold, 110H.-
Stocks weaker, but active: Lake Shore. S0H
Michigan Central, 49, Flour quiet and lower
superfine, 4 40@4 rs; Michigan amber, 25-
@6 so; do white. $6a7. Wheat quiet but
steady, the foreign demand rather moderate
amber winter, 1 23@1 &c; white do, 1 300
/ 80. Corn eaay at $685.. Oats steady at
60d63. Mess pork active and firm new S23-
@23 %; steam lard, 1424. Butter frmer, all
grades, but particularly choice: Western, In
Guiding Michigan creamery, quoted at 40a44 (;
factory at 36a42 and dairy at 26g30. Eggs,
24@25. and very firm. Tallow, 819@894. Wool
quiet but firm, with choice samples rather held
back than pressed on the market Michigan
fleece, 1862. The dry goods activity was
nothing to brag about weather unfavorable
and tendency of prices downward. Rio coffee
scarce and firm at 1515a2O11, gold; Java, 32@-
81. Sugar firm soft white refined, 10X@10H.
DETROIT MARKET.
DETROIT, Oct.7, 1874.
Business develops few new features Of in
terest. While trading is seasonably active the
mechanical branches are depressed, and lthe
growing tendency of all classes OF capitalists
is to observe caution a little longer. Money is
very abundant and 80 is labor, and unless the
former gets distributed more freely very soon,
the latter will be likely to suffer severely the
ensuing winter How strange it is that those
having money to spare seldom use it to build
or make improvements when labor is cheap.
but wait until everybody is building and i'm
proving and then rush IN. And the same devo-
tees OF Mammon are usually the first to blame
the poor man who runs to the savings bank to
withdraw his small deposit in time Of panic
Dry goods have had little more marking
down: bleached shlrtiDgs, 1@2l1c per yard.
Grain bags unchanged Starks, 30 American
A, 81. Nails on the S3 20 and TIN plates on
the $12 basis 60 days. Boiled lnseed oil has
advanced to so, and No. 1 lard oil declined to
95. Kerosene steady at 13@14. Turpentine
advanced to 4S aud alcohol to 80 06a2 o.
Groceries brisk Rio coffee, 22@251S Java,
32@34; standard refined sugar, 11Ss Bone
less Goldfish advanced to &c. Live stock dull and
lower good to extra steers, s4@4 6215 COM
mon to fair cattle, 25@3 70 poor, 20 25C63.
Sheep sold mostly at 5Oa4 1919, IS to S5 lbs.
Hogs. s5@6 so for light and heavy. Mess
! pork is tame at $2i; lard. 1906 mess beef
| S11@12. Flour is quiet, holders, induced by
the late brlskness to hold prices up notwith-
standing the decline in wheat best white
winter grades, IS 75@6. Wheat, after few
days OF quietne1s, is m ore brisk, especially for
future delivery. the idea seeming to grow that
prices cannot be much lower. Still the demand
at the seaboard lie restricted while from Eu-
rope rather unfavorable reports are received.
Prices are about 1c lower than a week ago, best
closing firm white extra, 1874 No white,
1 1875 No. Go, 81 IL No. amber, o.
Corn nominal at s5@sS. Oats dull at 4s@4s
for No. mixed, and 50 for white. Barley firm
at 1ja2 IS per GENITAL Apples. 5Oa2 10