Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-09-24
ST. PAUL TRADE.
Weekly Revie,V Of the st. Paul Markets.
s&s al OFFICE OF THE GLoBE,

. I
Ga ve ST.. PAUL, Sept. 49, 1879.
The absorbing topic in business circles the
past week has been the general advance and
strong upward tendency of all the leading
| staples ,&5fa
i've, and fresh impetus has characterized the
movement on account of the somewhat unex-
pected advance in prices. The spasmodic
nature of the movement is attributed by many
to conspiracy on the part of Chicago dealers
to 'bulr' the markets which is only partially
true, tho fact being that while in some re.
spects the advance is owing to corner" the
sudden buoyancy can be assigned more prop
erly to the hitherto depressed condition Of af-
fairs and the readiness for change.
Throughout all the departments of mercan-
tile trade the status of affairs, from a business
standpoint, have never looked BETTER arsgs
The rushing business activity everywhere OBJ
/ servable is almost phenomenal, and If properly
viewed, the situation will be appreciated as
perfectly normal. " -,7@ '.ss go,
in the ear of enterprise for the last decade, and
proved the bug-bear to every laudable adven-
ture where capital has entered "a an important
and indispensable factor, is happily thing of
the past.
The prosperous condition of commerce, at
trade, may find an easy solution in tho con-
temptation of the simple laws of supply and
demand. Hitherto, the supply has been ex-
cessive, capital shrank from investing its re-
sources in unremunerative enterprises, and the
United States experienced an unexampled
period of business timidity and depression.
The annihilation of material wealth during
the war was beyond computation. Then came
a panic which made men. conservative, the
natural results of which we're manifest in
widespread paralysis which permeated al de.
partments Of commerce. -. s-Ets r-a
In putting his usual queries concerning the
condition of trade, few hours since, the writer
spread confidence and citation. The leading
mercantile establishments are all doing an un-
precedentedly large business, and in several
instances the brisk demand and upward ton
dency of prices the movement was compared
to the beginning of war times. The leading
and prices have undergone general advance,
as observed by the revised quotations.
The receipts of wheat continue meagre, and
a brisk inquiry abounds all offerings.
Business at the Wholesale and jobbing houses
has never been better. The grocery trade is
being With regard to sugars. Thish have ~d-
vanced a cent pound since last weeks writ
ing. The demand for dry goods is also very
active, and the stores have been crowded with
buyers. A few changes are noted, as observed
by reference to the quotations.
The hardware trade ia literally ''booming"
The demand for all kinds of hardware is good
and prices are advancing almost every day, and
are frequently marked up two or three times
in twenty. four hours.
The boot and shoe dealers report an exceed
ingly active movement, and the demand for
fail and winter stocks is unusually large. .
The demand for drugs has been larger than
for the week preceding, and collections are re-
ported az generally satisfactory. 1""E@ .~@
The movement in hides and leather and find
ings is active, and dealers are elated with the
encouraging outlook. The demand for hides
has never been better, which is evinced by the
presence of purchasing agents from the repre-
sentative Eastern tanneries, who compete with
home dealers in securing Minnesota and ada
cent Territories for hides.