Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-12-24
ST. PAUL TRADE.
Weekly Revie,U Of the st. Paul Markets..
OFFICE OF THE GLOBE,


Weekly Revie,U Of the st. Paul Markets..
OFFICE OF THE GLoBE,
ST.. PAUL, Dec. %, 1879.
The prevalence of cool, braoing weather, ao-
cempanied by liberal downfalls of snow during
the past week, has exerted most favorable
and encouraging influence in all the depart
ments of mercantile trade.
The advent of the holiday week has never
than has been manifested on every hand dur
ing the past few days. The visitor to any Of
the leading retail marts is rewarded with indi-
cations Of the most cheerful business prosper
ity, and to reassure himself on this point it is
only necessary to enjoy promenade along any
of the principal thoroughfares, which cannot
be taken without arousing sensibilities of the
utmost pleasure. t III &e5
The general prosperity throughout the North
west, in tho harvesting AID distribution
of products at remunerative prices dur
ing the past season, is just at present
being fully realized in the large COM
munities OK cities. The beneficial effects of
reouperation like the one going forward, al
though widespread in its ultimate conse-
quences are slow to be realized in the cities,
population is dependent upon the sluggish
avenues of exchange and distribution.
The heavy and extraordinary volume of
business transacted by the wholesale and job
bling trade. during tho past season, had pre-
pared the army of retail dealers for large
ly increased patronage, to meet which they
laid in unusually extensive and well assorted
stocks, which are now being disposed of at
satisfactory and fairly remunerative figures.
Everything during Christmas weak is of
course subservient to the retail trade, which
la better at the present writing than known
for years.
The grain market has been active throughout
the week and with light offerings brisk COM
petition and favorable advices from the
seaboard, values have continued to rule firm.
The market has not fuctuated to any marked
extent, but on the contrary, has been steady
at an advance of from one to two centa per
bus:icl over last weeks quotations.
The visible supply of wheat up to December
18th, 1879, was II 6SS, $50 bushels. against 49,
S42,C4S bushels for the corresponding period
last year. The supply of wheat in New York
on the 18th inst. amounted to nearly ten mil
lion bushels against something over half that
quantity for the corresponding period last year.
As compared with last year the exports of
wheat have greatly diminished while stocks
continue to accumulate at all the lake and sea-
board ports.
The agricultural departments final estimate
of the corn crop for 1879 is less by IS, 900, 600
bushels than the LIST of November report It
has deprecated during November by imperfect
ripening in the heaviest corn-growing States,
including those north of the Ohio and Mis-
s,uri, some States declining ten per cent. This
reduces the average yield per acre to 29.1 bush
els. which is exceeded by that of only one for
mer year, 1914 in 1875, the November estimate
still leaving the crop larger than in any pre-
vious year by more than 100. 600, 600 bushels
Tho nd IF no
sippi river retain upwards of 150O00,000 more
than in 1878. u
The -four market has been moderately active
and millers report good inquiry on local and
shipping account for all products, several of
the brands having realized an advance from
previous quotations. Practically considered,
no 1ever, This market has not advanced in pro-
portion to the rise in wheat aud while millers
have not been grinding at actual loss, no
profit has been realized, and in q number of
instances stocks are withheld from the market
in expectation of on advance in prices.
The real estate market has been active
throughout the week and no falling off is re-
ported from the brisk inquiry noted in last
weeks issue OF the GLOBE. = =
The number of transfers and actual sales of
property continues large and the manner in
which business continues to flourish. for this
season of the year, is altogether exceptional.
TIE inquiry for money has been good, and
.terest rates are steady and the demands of we'll
known customers are favored with difficulty.
The receipts of corn, oats and millstuffs
have been quite liberal, and, with a good in.
qoiry, values have ruled fem at quotations.
Tn provision market Is reported as active,
from the interior, accompanied by good de-
mand, values have ruled strong, with no
marked change since last weeks writing.
Business at the wholesale and jobbing houses
has been active for this season of the year, and
the demand on order account for all descrip.
lions of seasonable goods is very satisfactory.
throughout The week, and slight changes are
noted with regard to several OF the staples.
With the exception Of the hardware trade,
there has been no decided fluctuations in prices
since last weeks writing, Ia this department
of mercantile trade values have ruled firm with
several noted advances. The card rate of nails
has advanced 6ocents per key from previous
quotations. Bright wire goods have gone up
~ per cent. while hinges have advanced 20 per
cent. Wooden ware has also advanced, and
Ames' shovels are firm with a strong upward
tendency. O.
The dry goods trade has been fairly active
and prices have ruled steady, the impression
being that values have reached point beyond
which no farther advance is now anticipated.
The movement in boots and shoes, leather
and findings, hides, furs and wool has been
moderately active and no marked change has
taken place in prices. .a:z
The drug market is fairly active and colleo-
tions better than heretofore. The bulk of bus
mess is larger than ever before, and what is
particularly encouraging is the new territory
seeking St. Paul as source of supply. Let
ters from Montana, Utah. Arizona and Wyo-
ming are coming in daily and everything looks
to a better and larger trade for our city, which
is and must ever be the great distributing point
for the Northwest. The drug trade has not
fallen behind in this wonderful development
of trade here, indeed it has led in many re-
spects. There is no finer store In the United
States devoted to the drug business, than st.
Paul can boast, and no more perfectly managed
and systematized business. Regarding changes.
there are few to note this week. Glycerine, oil
almonds, blue vitriol, canary seed are little
higher; morphis and opium, citrio acid.
senega and hemp seed lower. The holiday sea-
son is usually dull in this market. as demand
for medicines for Christmas presents is not
usually large still druggists fancy goods are in
demand and the promise for the future is Of
advances. An unusually large amount of win
dow glass is being sold, showing building still
going IN in midwinter