Article Text
new YORK Market. MONEY MARKET The New York Eeening Post of Saturday. 7th inst. FRYA: There is a total absence of animation in Wall street today, and business iii every departme nt IS stagnant. The troubles in two national banks are discussed, but the suspended institutions are too small for their in. solvency to attract any special notice. The action of the Comptroller of the Currence III closing up the Brooklyn bank on account of a deficiency in it reserve, 18 highly approved. In the legal reserve of 15 per cent on the banks att small towns and 25 per cent in large central cities lies one of the most important safeguards of the national banking system. and these institutions must be compelle l to comply fully with the require month of the law in this respect. The appointment yesterday of a receiver for the de faultier bank in Brooklyn is an administration all over expanded banks throughout the country, and if any of them are delinquent on their reserve, they will do well to heed the wanting and to people mish the reserves of legal tenders without delay By the excision et the weak. retter parts of our national tanking system, and III the rigorous 11 mystude with which that excision IS done, while the catton is possible and sale while money easy and 1145 trouble threaten We gain almost the only guarant ne can home for at present that that system shall the found elastic. and table, and strong in the spasting. and pames. and timetal revisions of the future. To be strong then, our banks must make them selves strong now. No change is visible in the loan market. except that the demand for accommodation is Hightly increased, and tendere have less difficulty in using their surplus balances at 4a5. The discount inquiry is also a little more active. choice bill= passing at Gati PRODUCE MARKET. NEW YORK, September FLOUR Are- The market for Western and State Flour is fairly active, inferior grades No. 2 Supertine are better. State rands are steady, mediums are irregular and families are after. The sales are 11,200 blue at 67 6088 60 for new Superfine; $8.92 for old Extra do: spale 30 for new Extra State: $9all 25 for new Western Spring Wheat Extras: $9a102 for the low grades of Western Extra: 58 75:10 as tor shipping Ohio, old and new Wheat: 510 75all 75 for trade do; $12.132 for white Wheat. Ohio, Indiana and Michigan: $11 25415 50 for St. Louis Extras. Included in the sales are 2,000 bbls for account on private terms California Flour is Meady at and small loth fancy at $14. Sales 01550 packages. Southern Hour in fairly active and firm Sales of 1100 bill, at for common to good Daltimore and Country extra for new extra Georgia and Virginia, and 10.25.113.25 for trade and family extras. GRAIS.-The Wheat market is blore ae ive. and prices are cents better. The is in part for export for milling. and partly speculative. The supply is larger, and the demand more general. The sales are 66,000 bush at $2.35 for amber Illinois; $2.27 for No. 2 number Indiana for amber State: $2.65 for white California: $2,502.51 for No. 1 white Michigan: $2.65 for send do: 38 for choice RINber do. 111 bbls.: $2,424 to: white southern: $2.70.2.35 for amber do. Oats are in active demand, in part speculative, and prices are tabe better. The sales are 156,000 busbels Ohio at western at 69a70c, state at G9a70e, Jersey at Blank and Southern at 58a66c. Corn is in active demand, chiefly peculative, and prices are 21/2 cents higher. The rates are 180,00. build damp and unsound at 51 12 al 15, western numed at SI 17al 20. adout SI 15al 20 111 storeclosing firm but quiet. PROTIStONs.-Thepork market has bren quite active, and prices are again higher. closing somewhat below our outside figure. but steady The sales, cash and regular, 11. 7600 bble at $21 25a 24.50 for mese, closing at 21 readi; 21.75 for small tots do. Beef is a trifle more active and steady Sales of 123 bbls at $17a25 for plain mers and $23.27 56 for extra mess. Tierce beef is firm and in fair dereand. Sales of 100 tcs $42 for city extra prime mess. Beef hams are dull and prices entirely nominal. Cut meats are steady. Sales of 10,000 lbs dry salted shoulders at 11c. Bacou remains firm, but the small supply restrictsoperations. Sales in bulk of 10,000 the Cumberland cut at 13c. and 60,000 lbs short rib at Lard is rather firmer, but buyers refuse to operate treely, and the market is dull. Sales of 700 bbls and tes at 131galaye for No 1: 13 %a 13% for city; 13%a14c for fair to prime steam and kettle rendered. BUTTER-Is firm and in good demand. We quote as follows: Goshen and Orange county, pails, per 1b 35a40c; State, firking and tubs. fair to choice, 2sa32c; Illinois, Iowa aud Minnesotn, 15a20c; Western Reserve, good to choice, 20a25c; State tubs, Welsh, good to choice, 23a28c; Ohio, common to fair, 1 balse. CHEESE-Flue grades are in good demand and firm, but we do not alter quotations. We quote an follows State, factory. goon to choice, per pound. new, 12a13ye; State fair to good, 10a12c: State dairies, choice, 11al2yse: English dairy, onn., 1:a13c: English dairy, Ohio, 11a 13c: Vermont dairy, common to choice, 10al2e: pineapple. 12al4c; Ohio, prime, Malle: Ohio factory, good to choice, 10a12e. COFFEE-Não in in moderatedemand and sleady COTTON-The market to-day is rather quiet, and prices are a trile off. quote at 26 Valle for middling up. lands, and 271,a28e for do New Orleans. The demand is only a moderate one. HAY-IS in tair demand and steady. Sales at 70a75e for new shipping, 90a95c for old do, and $1aF1 30 for retail lots. MOLASBES-Is in fair demand and all grades are firm. NAVAL STORES-Spirits of turpentine is firm. Rosins tend upward. Tar quiet. quote stollows Spirits Turpentine, free, per gal, 59a60c: Spirits Turpentine, in bond, per gal. 50a5te: Crude turpentine, in 114. per 280 lbs, $5.5 25; Rosins, common, in bble, per 280 lbs, #4; Rosins, strained in bbls, per 280 lbs. 25: Rosins, No. 2, in bhls, per 280 lbs. 7 50al 76: Rogins, No. 1. in bbis, per 280 lbs. 64: Rosins, pale, in bbls, per 280 lbs, 650a7 50: Rosins, extra pale, in bbls. per 280 ibs, $7 50a8 50; Rosins. Window Glass, in bble. per 280 lbs. $9 50a9 50; Tar. NorthCounty, in tible, per bill. $337 Nati Tar, Wilmington, in bbls, per bbl, 5151 1215: Pitch City, in bbls, per but, 53 75a3 Pitch, Southern, in bill, per Lbl, $3 75a4.
