Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-12-17
ST. PAUL TRADE.
Weekly Revtcso Of the st. Paul Markets.
OFFICE OF THE GLOBE,
HT PAM, Dec. IL 1879

gram mSrKeI. Inc COnCeIGeu 8ct1O0 OF East.
ern operators to bull the market has created
strong speculative demand, and values have
advanced with spasmodio irrcgularity, the
fluctuations ranging from one to three cents
higher daily. With moderate offerings, favor
able advices and brisk competition the local
grain market has ruled exceedingly active, the
highest point in values being reached last Fri
day, when few sales were made at $1.2l per
bushel.
Advices from Chicago, however, have shown
that the movement has been purely specu-
lative, the volume of legitimate business being
comparatively small majority of the trades
being on option account. Owing to less
favorable advices, the local market COM
menced to decline on Monday, when values re.
last week. At the present writing (Tuesday
afternoon) the market is very unsteady, hav-
ing opened at SLIT per bushel, q decline of
one cent per bushel from Mondays quota
tions. --. u. =
From recent data it appears that the present
season has been unusually remunerative and
profitable to farmers, careful estimates going
to show that since autumn the producers of the
Northwest have realized from seventy to one
hundred million dollars from the rise in
the price of grain. Owing to the Spec
ulative character of the market and the conse-
quent rise in values, millers have found great
difficulty in marketing their products at re-
have ruled so high that the manufacture of
-four at q fair profit has been almost out of the
question.
Another pernicious effect of the movement
has been the falling off in the volume of ex-
portations, as agents of European firms have
not cared to purchase ia the fate of high prices
and q widespread desire to speculate. This
condition of affnirs has also brought around an
advance in the price of foreign exchange, and
fears are expressed that the shipment of gold
may soon become too profitable to suit the best
interests of this country.
The exports of wheat have also measurably
diminished, this cereal having already &C.
cumulated to the extent of 10000, 900 bushel 8
at New York, not including the quantities n
store at other seaboard and intermediat e
p.ints. The New York Produce Erchange
Weekly has the following in regard to the
movement of the wheat crop:
Total exports of wheat and -four from Allan
tic and Pacific coasts, from July LIST to Deem
Der 9Th. 1879, equal to l15,117,172 bushels.
Including about fifteen million bushels from
the crop Of 1878, which makes LOO, 1l7,l72 net,
exported from the crop of 1879. The available
surplus of the United States wheat crop. on
the basis of 425, OO0, 900 crop, is It's, 900, 0OO
and on the basis of 44sO0O. 900 crop, is 1885,
000, 900 bushels. Lake and canal navigation
has been closed for the season. The Welland
canal was cleared on the Sth inst, and the New
York canals on the 9Th inst. The canal feet
has all arrived at tide r water. The deliverit
of grain at New York by water during Novem-
Der were 10, 678, 9O3 bushels of all kinds. The
closing of the water (route will take from the
carrying facilities for delivering in New York
ten to twelve million bushels of grain of all
kinds per month.
1t is estimated that in Ohio, Indiana and H.
linois ~ per cent of the surplus of the winter
wheat crop is out of the growers hands. and
in Michigan upwards of so per cent. 1t is also
stated that the surplus spring wheat crop of
Iowa, Minnesota, Wisconsin and Nebraska has
been more than half marketed.
The receipts of corn and oats have been lib
eral, and with brisk inquiry values have ruled
steady at former quotations.
The provision market has been notable for
more buoyancy and tone during the week than
at any sine of the season. Shipments of hog
products from the interior have largely in
creased in volume, and q considerable share of
bnth live and dressed stock is now being mar
keted, while values are frmer and higher than
last weeks quotations.
Business in mercantile circles continues
fairly active, while the Wholesale and jobbing
houses report slight falling off in the bal
ance of trade since last weeks writing. The
order demand, however, for all descriptions of
seasonable goods, continues very satisfactory,
aud all the establishments are enjoying large
patronage. Values have not fiuctuated to any
marked extent, when compared with previous
weeks of the season. although few lines of
goods are still advancing, and throughout all
the departments of trade prices are exceeding
ly firm.
Collections are reported as generally satisfac-
tory, and maturing obligations are usually met
with cheerfulness and promptitude. The ad-
vent of the holiday season has been accompan-
led by greatly increased activity in all the de-
partments of retail trade. The clear, bracing
weather of the past few days has been favora-
L l.
streets and retail marts present scene that is
at once animated and gratifying.
The retail dealers have seldom laid in heavier
or more finely assorted stocks than the present
season, and the active manner in which the dis
tribution of holiday wares is progressing fully
demonstrated that their confidence in their
ability to dispose of extraordinary stocks has
not been ungrounded.
A surprising and noteworthy feature of the
fall movement has been the continued activity
of the real estate market. In conversation
with prominent real estate dealer to- day the
writer was informed that the number of sales
of property during the current month have al
ready equalled the sales of either of the months
preceding. The inquiry for building sites
has never been better, and all descrip-
tions of property finds ready sale
or transfer at good prices
Some idea of the increased activity of the
real estate market may be had when it is stated
that during the months of December, January
and February. 1877, not an important sale was
reported, and more business has been done so
far this month than was realized for the entire
thirty-one days of December, 1878.
Business at the grocery houses has been &C
tive and several of the staples have undergone
a slight decline in prices.
The hardware trade has been good and values
have continued to rule firm at previous Quota
tions.
Dealers in dry goods report an active business
for seasonable goods, on order account, and
prices rule exceedingly firm.
The movement in boots aud shoes, leather
and findings, hides furs and wool, has been
fairly active, and prices have ruled strong with
several advances stree last weeks writing.
The drug market, less active, yet the volume
of business is far in advance of last years
sales at this time. Collections only fair.
Farmers seem to be holding onto their wheat,
and country merchants all complain of being
behind with collections.
The decline in inseed oil was unexpected,
vance again in spring. The present decline is
i've cents per gallon.
Opium, camphor, cubebs cream tartar and
mercury are all little lower. Sulphur, brim-
stone, balsam copavia, licorice, colors in oil,
cOrks and glassware are advancing American
vermillion is two cents higher. Sassafras
bark, juniver berries. maddes and indigos of
all kinds are higher.
Window glass is in better supply, but Sx10
to the small sizes are still scarce. Noyes Bros.
i Cutler are still buying on special order,
large and fine ginseng and paying an adj
vanced price for it. Senega root is dali and
lower.
Meteorological Record, Dec. l6, 1879, 9:58 P. M.
Bar. Their. Wind. Weather.
Breckenridge. :. 30.57 -15 NV. Clear.
Duluth. 1926 = NV. Clear.
Garry ...... 1864 -18 NV. Clear.
St. Paul. ..... 1884 l NV. Clear.
Below zero.
WASHINGTON, Dec. TIA N.-Indications
For the upper Mississippi and lower Missouri
he I.