Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-05-05
ST.. PAUL, MAY 5.


month. Bank rates are rarely changed here, and a
the present time there is no probability of ex
cepton occurring to the rule of steadiness. Money
easy. New York exchange 4 per cent premium
Sterling, small bills 81 81. Government bonds are
held for sale by the banks at New York quotations OF
the dsy, and are bought by them at A01!c under
follows:
Coupons, 1881. ............... ....... 1052i001O6
New 5s coupons. OBSERVATION-DISCLOSURES. 102A@l021s
New AVS, coupons Observation-Disclosures. 10SA0nSss
New As coupons Observation-Disclosures. 1O69s0QlO6 =
Pacific 6s, 1895 Observation-Disclosures. 1241sG0l24A
st. Paul jobbers of dry goods and notions have
been quite busy for the past week. More merchants
have been in the market making selections for the
spring trade and mail orders have been more num-
and averaged larger In fact the st. Paul dry
goods jobbng trade has had boom for the past ten
days. Prices as yet have changed but little No
doubt, as the season advances, there will be a de-
cline on some makes of goods. This is the usual
course values take the selling season shortens.
Manufacturers, East and West, very firm in
prices all goods they making and particularly
woolens. In fact they aking them I'M
reasonably high. From all accounts the wool clip
Of this season will be large machinery and help for
working the raw stock are sufficient, wages are
medium, and, although the demand for goods is
great, there is no Legitimate trade cause for the very
heavy advance made on many makes of woolens.
The agents of Eastern manufacturers of these goods
ere pushing the sale of them in advance of the
son for either (Western jobbers retailers to buy
them. By the time the Western merchants do need
the goods, competition aud the regular workings of
trade will have fixed their values all right.
Attention is invited to the corrections made this
week in our dry goods price list under the head of
millinery sHndrieS."
The wholesale grocery houses report trade active
and collections good. There were several buyers in
town yesterday and mail orders are quite large.
Several changes of values are noted in our price
lists and dealers expecting that sugars and cof
fees will soon go higher.
In the drug trade values have fallen OF since last
week as follows: Gum opium, Csc; gum shelac &c;
oil anse Csc oil bergamOt, l0c; quHine, l6c spirits
turpentine, Sc. Mr.. D. r. NOyes, of Noyes Bros 4
Cutler has gone to New York, expecting to remain
there month, during which time he will probably
mature and arrange for carrying out the plans of the
firm for increasing the manufacturing and chemical
laboratory department of their dug house.
St. Paul hardware houses in the wholesale business
report an active trade and very large demand for
goods. Prices however, are unsettled. During the
last week there has been 8 marked falling off in
values of all staple goods of the line, and further
changes may be expected before values are
firmly settled. The reaction from the
rushing "boom," with which prices
were sent up.by manufacturers when the business
revival, after the long depression following the
break of 1873. became manifest fact-has been
earliest and strongest in the hardware trade, bat
WILL sooner or later, go through all lines of trade,
and in spite of combinations of manufacturers, ad
Just values more equally than heretofore, and In
way that will not Cypress or restrict trade. Nails
are again marked down, following the reduction of
the card rate by the Western Nail Makers associa-
ton The card rate at the present prices of the
raw material, will not pay the nail makers living
profit, and unless iron becomes cheaper, they will
probably advance the card rate when present stocks
are reduced Meantime however ro dealers asrs
holders forcing sales. The nail makers
claim that their late attempts to hold up prices were
In the interest OF the trade and were abandoned only
because the trade did not cooperate The claim Is
not generally allowed. Prices of copper bottoms
and tin plates are weak. Common and horse shoe
iron is marked down &c this week.
The leather and findings trade of st. Paul is re-
ported very good for the season. The only change
of value to be noted this week is decline of oak
harness leather The boot and shoe trade for the
spring season. about closed in that line of goods,
has shared the general increase of business Prices
have ruled firm and there no present indications
of any material change.
The grain and produce trade of our city, which has
been unusually large for several months, is Just
passing through the usual seedingme period of quiet
ness. Most of the wagon receipts of wheat are taken
by the miers in the northern part of the city, who
paying Sl02 for No. and 81 05 for No. l, or sc
above the bids of buyers for shipment The rail re-
ceipts fall but little short of the shipments, the
amount in store here now being about the same as
month ago. None, we believe, has been drawn from
our elevators for eastward shipments, but few
loads shipped daily to the mills and up to two
weeks ago there was considerable demand for
choice varieties for seed for the southwest and west
counties. Seeding throughout this State, except
In the extreme north, is about and in the north
counties aud the corresponding sections of Dakota
at least twothirds of the poughed land was seeded
by Saturday night. Reports from the wheat fields
are all favorable. The ground was never in better
condition, and the ain is coming up finely.
The trade in grains and millstuffs, which
was active and large down to the close of April
great quantities having been t4kent this spring by new
settlers in the northern and western counties of Min
nesota and in Northern Dakota-now that the grass,
even in the northern counties, is well advanced,
has fallen off to It's normal summer volume. But
prices for corn and oats are firm, and only bran
shows a decline. The supply Of tn commodity is
large, and the price fallen off S1.5O ton, with a
prospect of going still lower, and of reducing the
present selling values of other milstuffs.
The market is well supplied with fruit of all lands
and with Southern grown vegetables. The former
selling mostly, at moderate prices but the latter
have been held above the purchasing rover OF the
many Every day. however, adds to the list in market
of early vegetables of Minnesota growth and prices
will soon be at or near the common level
Provision values rule steady in our market, pork
being lately firmly held. Dressed meats are in
good demand. Eggs are coming in freely and the
export demand is hardly large enough to keep the
stock from accommodating. Some buyers have OBJ
tanned concession of &c this week but sellers are
generally inclined to maintain &c as the
the demand is temporarily greater than
the supply, but prices are not quotably higher.
Buyers of hides understand that the Eastern mar
kets little stronger, with indications of rise
which will enable them to ship their March aud
April purchases without loss Selling values of Min
nesots wool of the clip not yet established,
but we hope to give quotations biased sales) in
few days from now, when the experts have passed
upon the quality of samples sent here for their in
spection.
A New York dispatch of last evening says: "The
houses and the jobbing trade is slow. Cotton goods
in light denand but leading makes of plain and
colored cottons steady in first hands Prints quiet
and Merrimac shirtings and staples reduced by
agents. Lawns, wide prints and ginghams 10 fair
request and firm. Mems wear woolens quiet and
firm,
H. Kains- Jackson, the writer of the "Fortnightly
Review of the Grain Trade,' a standard article and
authority in "George Dernbusch's Floating Cargoes
Evening List" London, in his re-
view of April 10Th, said: "That there
was something rotten in the State of New York has
long been inferred in respect to the wheat trade but
it was scarcely expected that value would have
dropped to 81 80 for bushel of red wheat in April
and without European pressure. 1t is inside and not
outside the capitol that American merchants have
capitulated, and offered terms rather than had them
imposed on them. cannot but think that the trans
al through the winter is overtaking early in spring
but not week too early. For the work of May and
june the only two months left him to contract away
his old reserves, the time is very short and for this
reason the last New York decline cannot be regarded
as a temporary check from which prices may recover,
but as the first of series of movements to cover
the great retreat with which the 1880 campaign is
likely to terminate"
The produce exports from the seaboard ports last
week amounted to S8,5S9,000.
New York World, May l: "The imports OF dry
goods for the week were 50 474.517 and the amount
marketed 81, .939 The imports since Jan. were
S4S 092 against S93 227,947 last year, and the
amount marketed 304 against last
year"
From the same: "Although the market has re-
NAMED rather quiet, yet slightly steadier tone
everywhere noticeable in view of the strong advices
oeI,,Orf 1rNVnIo hnro