Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-10-02
ST. PAUL TRADE.
Weekly Revie,C Of the St. Paul Markets..

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OFFICE OF THE GLOBE,
ST.. PAUL, Sept. 80, 1879.
An active market has characterized the
movement in the several departments of mer.
camille trade during the past week, and the
Representative houses report an exceedingly
large and satisfactory business
The order patronage has greatly
increased in volume, and larger trade has
been enjoyed from remote western quarters
than ever before, while the number of GUS
TONERS from the State and djacent territories
is continually ON the increase. s,sa :3a.2 4
The grain market has been active, and the
upward and spasmodic tendency of prices has
furnished the leading topic of conjecture as to
where the line will be drawn with regard to
prices. The rapid advance in prices at Chi
cago and Milwaukee have led to the belief in
certain quarters that an effort was made on the
part Of operators to corner the market, which
under the admirable ruling passed by the
chambe OF commerce one year ago makes the
successful repetition of on old time corner
almost impossible, from the fact that a deal is
considered closedupon the payment of the diff
ference, instead of the sh,,rts having to deliver
the actual wheat as formerly. Ir.rg-.r ~
Notwithstanding the increasing demand and
recent heavy advance in prices, stocks have &C
cumulateu at Chicago and Milwaukee out of
all proportion to the comparatively light but
increasing demand. At Milwaukee alone
within the past ten days, over $780, 600 bushels
OF wheat have been added to the al
ready overhowing elevators. The shipping de-
mand on export account is good, however, and
the most favorable Indications are apparent
for a large and remunerative foreign trade
Recent advlces from England and Scotland
report poor crops and wet weather, and prices
fer wheat have already advanced over two
shllllngs per quarter, with every prospect that
England and the continent will have to d. pend
largely on America for their wheat and bread
stuffs. '.fr ..
A letter from leading operator at Glasgow
to Archibald Il Schurmeler, of this city, con-
veys the information that Minnesota brands of
hour are particularly wanted, and that the de-
mand has been such as to entirely clean the
market of the desirable descriptions.
The receipts of wheat in st. Paul have be IN
light, and with good inquiry on local and
shipping account, values have ruled strong at
the advance rated in the re-
vised quotations. The market for corn,
oats, barley and = mill stuffs has
been moderately active, the inquiry for oats
being particularly good, and with the excep-
ton of the latter cereal the offerings have been
liberal, with no material change in values.
In all departments of mercantile trade, bust
ness is reported rs exceedingly active, the in
stances being rare where the respective capaci-.
tics OF every house are not taxed to their ut
most efforts. s..
The volume of business transacted on
Order account has exceeded that
of any corresponding period in previous years.
which is particularly notable concerning the
heavy shipments of goods to the frontier and
far West, while majority of the stores are
crowded with customers
Without going into conventional descrip-
ton Of business in the representative depart
ments of trade, suffice it that the movement in
dry goods, groceries, hardware, drugs, boots
and Shoes millinery, clothing hats and caps,
notions. hides and leather and findings has ex-
ceeded the hopes of the most sanguine dealers.
Prices have generally continued to rnle
steady, the most notable changes being with
respect to hardware and few staple groceries,
which have realized % material advance, as
noted in the following revised quotations