Alpena weekly argus. [volume] (Alpena, Mich.) 1871-1893, 1878-01-09
Detroit Markets.

Inc DetTolC Free lTeSS IN ltS
weekly review Of the Detroit mark
cts. under date of Jan. %, says:
There has been more or less rain
for the past two months and an al
most spring like softness has pre-
vailed throughout the country.
The result has been impossible
roads and an embargo on the
movements Of farm products. The
farmer. however. is not the great
est snfferer nv this detention. His
products can he marketed as soon
ne transportation is possible. and in
the meantime he has sufficient for
comfortable maintenance. The
main loss falls mainly upon the
country merchants and the city
iohhers. the latter. perhaps. being
the greatest sufferers. With the
remarkable large crons harvested
this year it was anticipated that
farmers wonld he more liberal in
their purchases and country mer-
chants stocked accordingly. But
the unreasonable weather has pre-
vented sales, and the merchants
now find their notes coming dine
with hnt little cash available To
meet them with. Had the soft
weather experienced benefited any,
body to any great extent it wonld
he Of some satisfaction. hnt except
ing the sewing If fnol il is deserving
Of no credit had it been antiri-
mated, hnilding operations conld
have been prolonged. Int the
amonnt in progress is very light
and the number benefited would
have been limited. A change ST
temperature is the only preventa-
tive Of losses. The time is past to
hone for profit. Under the pres
ent circumstances. with assuring
Indications Of n change Of weather.
it is polite for the jobbers to grant
every possible concession to their
country debtors. rs the means are
known TO he in the country. with
holders DELAYED from realizing Only
nv the present mud embargo. Fore
ed measures would he productive
Of no good, and creditors by adopt
ing harse measures wonld cause
bankruptcy to become almost uni
versal.
The dry goods trade has exhih-
tied an unusual lack Of activity the
past week. The holiday trade is
over, and employees now have am
pie time To take account Of stock.
There il no important change in
prices. Tho dtAg business has
heen affected less by the unseason-
able weather than any other branch
of trade still orders for the week
will aggregate less than the week
previons Morphine and Opium
have weakened a trifle. linseed oil
has advanced lc per gallon, other
wise the market is steady. The
hardware trade has been light.
Groceries have been ordered
sparingly, Teas are firm. Coffees
steady. Sugars are very strong at
0 3d. per III for standard AS ;""off
AS" 9 1-4a0 Lee per h; yellow
I LAS Lee per III; hards, 10 1-3 |
nl0 LIE per ID. Stocks bought to-
lay in New York could not he sold
here at the above quotations with
profit.
The receipts of grain for the
week under review were 72,G2S TN
# wheat, 2.2O7 bu corn, 4,1Ss bu
rats and 6.s44 IN Of harley. The
shipments for the same time were
1888 hn of wheat, S,037 bu of
corn, 1897 bu oats and l,S65 bu of
barley.
The effect of had roads on grain
'eceipts is very clearly shown this
week. the receipts Of wheat falling
hort G9.296 TN Of the amount ar
living the week previous. A like
alling off is noticed in corn. oats
nd barley. At the same time the
hipments Of the cereals mentioned,
ats excepted, have very nearly
qualed the amounts forwarded the
week.
The following table shows the
pening and closing prices of extra
nd No. ] white, cash, and No. ;
'hite January and February
'heats at the noon session Of the
'oard of Trade each day of the
asst week: .