Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-10-29
ST. PAUL TRADE.
Weekly Revte,u Of the St. Paul Markets.

| HcekLH fIeDleU OF Ct0 OEs raul NIOTEetSs
OFFICE OF THE GLOBE,
ST.. PAUL. Oct. 20, 1879.
If the full history. of the recent and rapid
| advance in the grain market, and the causes
conducting thereto. could be written up, the se.
cret would form valuable and interesting
contribution to the commercial or agricultural
! literature of the coun try.
In revie wing the situation, few weeks
| since, the bulge was anticipated as almost in
evitable, and the realizations of the prediction
| has since been ascribed to the most natural and
thoroughly normal causes.
In this connection the fact of a concerted
and successful movement on the part of few
eastern speculators to bull the market, is of
course not to be ignored. The fact must not
be overlooked, however, that first and foremos,
the market ready for the movement and
m IRE than the com blnations of spectators OF
all else combined, the principal factors to the
advance resulted from combination of the
most perfectly natural circumstances.
1t was not to be expected that market
which had 80 long continued dormant, or
stirred to unhealthy and spasmodic activity BY
the temporary expedients of INSCRIPTIONS
spectators, could undergo revulsion, by
process that was not natural, without being
carried to a point this side of which common
Intelligence would have been pleased to have
had it stop. With average crops in this coun-
try, widespread business recuperation and gen.
eral prosperity, revival of industries, moderate
crops abroad and heavy export demand, it
will be seen that an advance in the grain mark
ct, as in every other department of commerce,
was the most PLAUSIBLE thing to be effected.
Considered from this stapdp olnt, it will BE-
further observed that instead of the operator
controlling the market, he has merely exer-
csed bis proverbial keenness by c4tching the
IL oe %ho tab Ia o,>l
lated the advantage to be gained by the mani
testation of superior judgment to his ow
emolument and the discontinue of the short
sighted.
Throughout the past week former prices have
been easily maintained, the most Serious
break taking place to-day (the 18th inst.)
when, owing to less favorable advices, prices
have declined from three to four cents per
bushel from former quotations. The receipts
Of wheat have been comparatively light, and
with good inquiry on local and shipping &C.
count, all ':ferings meet with ready market.
The demand for corn and oats has been good.
but, with fair receipts. values have ruled
steady at former quotations.
The provision market has been moderately
active with no material change in values
throughout the several departments of mer.
camille trade business has continued exceed
ingly active, while prices have ruled strong
and generally higher.
active with material advances in all the lines of
leading staples, the market for sugars having
undergone marked advance since last week
writing. An active business has been transact
ed by all the dry goods dealers. VIII" have en-
ioyed liberal patronage, while prices have un.
dergone no marked change. The demand for
boots and shoes and leather and findings has
been active at quotations. The hard ware trade
has been good and prices have ruled firm in
the direction of an advance.
The drug market has been slow to feel the
advance common to nearly every other branch
of trade, but is advancing in to line.
The changes are many, and in SONS cases,
great. 1t would be impossible to name them
al. Canary seed has gone up about 20 per
cent. opium and morphine more than 10 per
cent; window glass, small size, nearly 40 pc:
cent. in some cases. Citric acid advanced ~
per cent. sulphurie acid has also advanced
Alcohol preparations are higher generally on
account Of the advance in that article Cam
phor is advancing. B.lsam Tolu l5c per pound
higher. Arlca flower, sugar of lead, SIENNA,
&C., &C., are all advancing.
A. rule in such cases the advanc. is great
est at New York, and st. Paul is to-day bette,
market to buy in than any other. The river
rises fastest near its source"