Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-05-22
COMMERCIAL.
The Summer Weather NIelts the Stock and
Wheat Markets-st Paul Steady-The I'm
certainties Which Prevent Free Invest
ments this Season.

/
ST. PAUL. May %.
| At the banks money continues easy and
| legitimate demands are promptly met. In the
iobbing and wholesale trade business is mod
crate to fair in some lines, for which the sea-
son is over, and active to rushing i'll others.
In grain there are no changes of values since
Thursday, except that wheat prices were sick
yesterday, buyers for shipment offering only
| $50 for No. 2, and millers holding OF. Eieva-
| tor A continues to ship several car loads OF
wheat daily to the mills, and is shipping about
| ten car loads of corn daily to Duluth. Bran
and ground feed are q little weaker,
with only light demand, and that almost
wholly from the city trade. Eggs are scarce,
aud worth about 1Sc more than on Thursday.
There is quite active trade III butter, but
with such variety in quality and valuation
that we can only continue to quote the outside
ranges, emitting creamery and gilt-edge
dairy rolls which are all taken for home con-
sumption. and whioh command exceptional
prices, ranging from 25c to Soc. The fruit
trade continues increasingly large. Strawber-
ries, which were In more than plentiful supply
| Thursday, and declining in values, were yester-
day reduced in quantity by free orders. and
prices became firm at the previous days quo
| tations.
| New York dispatch of last evening says:
| 1.-The dry goods market continues quiet and
without decided change. Cotton goods in light
demand and prints dull. Ginghams in fair re-
quest and firm. Printed lawns moving stead
| ily. Menss wear woolens quiet, but stocks
are 30 well in hand that prices are generally
steady. Foreign goods quiet.
| Wall & Bigelow's st. Paul circular of last
evening SAYS the stock of wheat in sight in the
United States and Canada Is 20, 358, 600 bu-
shells, decrease since last report of 1874, OOO
bushels.
| The Chicago Iri6uss aptly refers to the two
uncertainties now occurring more frequent
/ than any other conditions in calcu-
Iations as to the future If stocks
aud other speculative or variable prop
erty-the crops and politics. The prospects of
| leading crops are all right, except in western
Kansas and Nebraska; but as to politics. who cal
| forecast the future? More or less of investment
will undoubtedly be delayed pending the pres
idential election and if the political campaign
should become desperate, with the chances so
evenly balanced as to Justify fears of another
conspiracy to steal the Presidency, all lines of
business depending upon investments will uu-
doubtedly be greatly depressed. But if, as is
to be hoped. when the two political armies are
arrayed the Democrats shall appear certain of
winning by such odds as will leave no chance
for the will of the people being again reversed
| by fraud, business boom may be expected
which will exceed in strength, duration and
volume anything the country has enjoyed
of prosperity for twenty years past.
In presenting statements of raw iron re-
ceived at Pittsburgh during the first four
months of the year and during the correspond
| ing period of previous years, the Dispatch of
that city remarks: ut seems
singular that ore can be delivered
| in Pittsburgh from the Mediterranean, after
paying duty, at less cost thsn Iron Mountain
and Lake Superior, and shows there must be a
| big mistake somewhere. The sooner the mis-
| take is found and corrected, the better for all
concerned. The fact is, some persons think
because there is q good demand for certain
articles, they can ask just what they please,
and forget that there is hearafter, until prices
reach such figure that nearly the whole
world Is brought into competition. That's
Just what was the the matter with the iron
trade and we are glad the iron men have dis
covered their error and have corrected the
same" The receipts of raw iron at Pitts
burgh, according to the Dispatch, in January,
February. March and April, were as follows for
the last four years, 1877. 202,760 tons; 1878.
2I4, 984 tons; 1879, 243,32S tons; 1880, 1923, 255
tons.