Daily globe., 1879-11-05
ST. PAUL TRADE.
Weekly Reute,u Of the st. Paasl Markets..
OFFICE OF THE GLOBE,

OFFICE OF THE GLOBE,
ST.. PAUL. Nov. 4, 1879.
The past week has been notable for5iucreased
business activity in all the departments of
mercantile trade. As compared with preceding
gone marked change, inasmuch as the VOL
ume of business transacted has been the heavi-
est of the year. The movement has been en-
phasized in two fold manner, first in the in
creased volume of trade and second in the un-
precedented advance in prices. The causes
that have conspired to this cheerful condition
Of affairs have been carefully analyzed and
fully commented upon in previous issues of
the GLOBE. and it will be remembered that the
unprecedented business activity was assigned
to the most perfectly natural reasons. The in
creased and strong upward tendency Of prices
in all the departments of trade. however have
aroused apprehensions in we'll informed quar-
ters that values will before long have gone to
a point beyond their natural level. and becom-
ing top heavy, fears are entertained that there
may be decided revulsion. Considered from
an abstract point oe view deductions like the
garded from the unerring and potentially ope-
rat.ve laws that regulate the system Of supply
and demand there are no cogent reasons for ex-
pecting disastrous consequences.
The latter view is c"rroborated by the recent
intensely excited and unsettled condition of
the wheat market. A few weeks since values
we're advancing daily, until they were finally
forced to point beyond their natural level
Within the past few days a revu.sion has taken
place, SO to speak, and prices have again
reached their norual condition without un.
necessary perturbation. The fact is, that in
the several departments of mercantile trade
values were somewhat slow to realize the
S,> ho lno lAl.~ r
attraction excited by the wheat market is lust
at present fully realized.
The receipts of wheat in St. Paul have beer
relatively light. The bulk of the offerings
have been stored at the city elevators, and from
all quarters values have ruled firm at quota
tious. Tue offerings of corn and oats have
been only moderate, and with good inquiry
on local and shipping account values have
ruled exceedingly firm.
The provision market has been active with a
good demand for all offerings. The inquiry
for hogs and pork products has been lively
aud with lighter rccei pts prices have continued
To rule firmer. Busin, ss at the wholesale and
jobbing houses has been very active. J he de-
mand for groceries has been good, and prices
for the leading staples have undergone very
material advance and particularly with regard
to sugars, which have taken an extensive leap
upwards from last weeks quotation The hard.
ware trade has been good. and heavy business
ID 1cpItcu ny dAl tuc OealcrR. OWlng To the
scarcity OF raw material and the inability on
the part Of manufacturers to ill orders, tn,
prices continue firm ut the revised quotat ions
The dry goods trade has been active and with a
heavy movement, prices have ruled strong,
with no marked changes since last weeks writ.
ing. The boot and shoe market has been acti We
and values have ruled higher at the revised quo
ta,ions.
The drug market has been active and excit.
ed. Every day and every mail brings news of
change and advance in prices. The advance il
sure to continue, as many articles are yet sold
at less than they can be prohtably manufac-
tured or imported.
The advance is always greatest in New York
or other cities of production or importation and
to-day a bill Of drugs and druggists articles
can be bought better in St. Paul than in any
eastern CITY. On declining market this
might not be so, although our dealers are
quick to meet the market either way, and keep
posted. The changes are too many for record
here an advance all along the line, very great
advance in many cases. Linseed oil cents,
sperm oil 10 cents. whale oil ctnts. Many
essential oils are much higher.
Carb amonia. sugar lead. arnica flowers ad-
vanced still further. Cochineal advanced 10
cents per barrel oatmeal Is cents
varnishes advanced 10 to 50 cents per gallon
spirits of turpentine IS now in st. Louis
cream tartar and camphol about 10 per cent.
higher, spirits nitre, etaers, chlorofnrm, etc.
ETC., all considerably higher.
SIENNA root largely advanced. Noyes Bros e.
Cutler are offering nearly double what was
paid q month ago. The same firm are now re-
ceiviny four or five car loads of window glass
week, and begin to- fill orders more freely,
the glass famine being nearly OPEN Trade
very heavy but collections somewhat backward
as yet.