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Commercial

Commercial image
Parent Issue
Day
18
Month
August
Year
1845
Copyright
Public Domain
OCR Text

Ann Arbor, Aug. 15, 1845. The weather has been fine for a week ast, and as favorable for farmers as could )e. But the nspects of business aro as uil as ever. The price of Wheat remains ot 56 cents, but very little comes nto market,as holders who are not obüged osell aio waitingfor higher prices. We lave not seen any now Oats n market. The New York Flour market is as deresed as ever, and prices remain as quoed last week. The failure of the Farmers' and Mechanics' Bank has produced some de angement in commercial matters, as a considerable number of business men were epending upon arrangements with that Jank, and expecting U to get through its lifficulties, had made no provisión elsevhere to meet their liabilities. The managers of that institution were also in full expectation of recommencing business, and we understand that $150,000 in specie were actually receivcd in Detroit for heir use, on the day that theChancellor made the injunction upon thern perpetual.rlence the blow was as unexpected as it was severe. The specie was re-shipped o the East. The Bank has nominally appealed to the Supreme Court, but little or no confidence is entertained in its future resuscitation.

Article

Subjects
Signal of Liberty
Old News