Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-06-30
COMMERCIAL.
Review of Trade the Past Week. Home
and TeIegrapIlic Markets.

close OF last month but money continues in
good supply with fair demand and all indica-
tions are that the mercantile classes are pros
pering. Exchange is still scarce though there
is an increased supply frem exports of State
products, as coupon with the first half of the
month. Government bonds are not in much
occasional inquiry then they are
| held for sale by our banks at
tunities for better Investment but to meet the
| New York quotations of the day, and bought
by them at H@}9c less viz:
Coupons of 1881 .....,...........10 1861 1863
New 5s, coupons ........-......,l03 @tU34
New 415s, coupons, .........'... lU918 09IU925
New As, coupons. .................10S 13@l0S3l
Pacific IS, of 1896. ..l2215 gl22A
Wholesale dealers in dry goods, notions mil
linery goods, boots aud Shoes etc.,
are having about as near a
vacation as they ever get, this being their off
season and their sales being about limited to
filing small mail orders from country dealers
who have run short of some variety of goods.
| In these lines and in the drug trade, leather
and findings, iron and steel, there are no
changes of prices since last week. The gro
Gerry trade continues quite active for the sea-
son with no changes of values except that
sugars ere again marked up &c. The hard
ware trade is fair for the season. Nails are
| again marked down twenty five cents all round
| and some makes of axes and mattocks are
marked down fifty cents, but generally prices
of hardware and metal goods are frmer than
| heretofore. Collections sre generally reported
good.
In grain and produce there is a light trade.
| Wheat, oats and corn are being steadily with
drawn from store for consumption and ship
ment, while the receipts are light and prices of
| coarse grains weak. Holders of large stocks of
coarse grains and mllstuffs would find it diff
cult to realize at this time Without sharp con-
cessions from the prices maintained. by limit
| ing offerings by the demand. There is con-
siderable movement of flour within our range
of quotations, this staple about all goods re-
quired for frontier outfits being ia exceptional
demand from the border country. Rye flour
brings 81. % per cwt, incoming, and is in good
demand for both city aud country. Malt has
been advanced 5@l0c. within the past week,
and is likely to go l0@l5c. higher if the de-
mand continues as now, thirty per cent. larger
| than last year at this season. Hops are also
firm st quotations, with an advancing ten
dency.
The frnit trade continues booming, with
demand which fairly keeps up to ali the sup
plies dealers ca2 bring on. Our dealers think
Strawberries will soon run out, and will not be
offered this season at prices lower than now,
but other small fruits are in increasing supply,
and will be likely to go lower. Minnesota
vegetables are coming forward slowly, on ac-
count of the weather not being altogether IA
vorable to theil rapid growth, but there is
good supply from other Southerly s tates aud
prices are now reasonable as compared with the
| asking prices of two weeks ago.
Pork and all hog products are held by dealers
at shipping and commission charges advance
on Chicago prices of the day, at which there is
a good demand. Receipts of butter have fallen
quite bare of shipping grades. Eggs are in
better supply and decreased demand by the
city trade, which, however is about compen-
stated by the increasing requirements for sup
ply of the lake resorts.
Buyers of hides, wool, ETC., contin ne to
store their purchases, expecting to hold them
for sixty or ninety days. until better prices
are established in Eastern markets. These lat
ter continue weak and dull, but their
fluctuations do not affect prices here. Ginseng
and snake root are just beginning to come in
freely, and buyers are considering the necessity
OF shading prices according to condition IN
which received, with premium prices for best
qualities and conditions.
The st. Paul Board of Trade now numbers
over sixty members, including most of the
grain and produce dealers of the city. The
members are proceeding leisurely with their
arrangements, but intend to have them per-
fected so that when this seasons crops begin to
come in, the board will be in active operation
and able to take care of all that comes. 1t
begins to look as though our board will have
an opportunity to distinguish itself in
protecting the value of Minnesota wheat
from the bear interest which is forming at
Chicago antagonistic to all spring wheat Yes
! tarday at the Chicago call board September
wheat was sold at S315@833l and all the year
at S211(l822S. At shipping prices within the
range thus bet on at Chicago for our season of
marketing the wheat OF this season, Mime
sofa farmers would have to accept 65(17lc for
their wheat, according to their locality. Should
the growing season continue favOrable and the
wheat crop prove as large now antioip2ted
| the bear clique on the Chicago board would
have such advantages as would soon learn
some of our Minnesota exchanges to regret the
disappearance of that New York riBg which
kept up the prices through all our last selling
season and which they abused therefor as if
high prices for wheat were injurious to Min
nesota But weather conditions may not con-
tinue favorable and the Northwestern wheat
crop of 1880 is yet to be harvested.
While the present conditions of the growing
wheat of Minnesota and Dakota may be regard
ed as extremely favorable, on the superstition
that July and August weather will be favorable,
yet they exactly in condition to result In grea
disaster if the season of ripening and harvest
ing is unfavorable. The grain stands exceed
rated according to locality. Rust is said to
have appeared in Vermlilion and Rosemount,in
Dakota county, so thickly that farmers coming
into Hastings say that In a short walk in their
fields their pants are colored red. It is well
known that numerous fields in the southern
part of the STATE are beginning to show very
unequal In color, from the effects of freq vent
drenchipg rains and late correspondence OF one
of the principal buyers of st. Paul makes fre-
quent mention of the lower leaves of the wheat
plants having changed color. These reports
come from all parts of the State as far north as
the Northern Pacific line. IL, then, the Chi
cago bears sell largely of September and year
at the prices they have fixed, they will run
great risk for it is doubtless true that the crit
ical condition of the growing wheat is not con-
fined to Minnesota but prevails generally over
the Northwest.
The produce exports from New York last week
amounted to 50, 164 coo.
New York dispatch of last evening says:
Dry goods continue quiet in all departments
Cotton goods are In irregular demand and
prices unsettled Light prints are dull but
there is some inquiry for medium and dark
fancy prints. Lawns and dress ginghams in
steady request. Mems wear wuolens quiet but
Kentucky jeans are doing better Flannels
and blankets dull."3
Bar silver was quoted at New York yesterday
at ll41s decline of 14c from last week
The balance of trade'--over which the pro-
tectionist head of the statistical bureau has
been wont to csckle for some years past in
blissfnl ignorance of its showing that a very
Ia k.Ea