Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-10-13
BUSINESS REVIEW.


Telegraph - An Easy Money Market
Activity and Rise in Railroad Stocks
Wheat Declines in BuffaIo-Dull In Du-
Iuth-Stsady IN New York - Chicago
Markets.
ST. PAUL, Oct. IS, 1880.
September joobing was unusually satisfac-
tory in the extent of trade and the returns it
yielded, but October SO far exhibits a good
percentage of increase in the volume of bust
ness done. The outlook is most cheering.
Collections, which were slow last month, are
becoming better every day, some lines oil
business, staples of course, being especially
favored IN this respect still greater im-
provement may be looked Tor ere long, the
movement of currency into the Northwest
having begun IN earnest, large sums being
shipped from the East into the wheat pro-
ducing sections to move the crop. The great
bulk of the population, the small farmers,
have as vet sold only wheat enough to pro-
vide for immediate necessities while prOsecut-
ing their fall work. This is nearly completed
and in a short time we may expect they will
be paying up the bills which they have been
running all the season, and this
will throw much greater amount of money
into trade channels than has ever before been
experienced. Agriculture has so tar recovered
from the severe prostration If has been suffer-
ing for the past few years, that 1t Is now able
to take it's natural place among the leading in
terests of the country without depending as
heretofore uprn extrEneous aid. The result
will be that hose branches of trade nearest TO
the farming interest which have so long beer
burdened with carrying the farmers over from
one yesr II mother, will not only be relieved
from very embarrassing, not 10 say depress-
ngiufuence, bat viii begin to receive back
the substance they have so long been mpell-
ed to trust 10 other hands Ouce this is done.
all classes will be in better position to i'm
prove their conditions; more cordial relations
will suSsist between the mercantile and the
producing classes. and prosperity il now dawn
ing upon the Northwest which will give last
ing impetus and q healthier tone to ali bust
ness.
The break in wheat which the GLOBE limited
Yesterday as liable to occur. took place before
the day was out, the principsl causes being the
plethora of stock in store at principal points
and the news from Europe o. the abandonment
os the allied naval denomination against Tur
key. 1t is not prob able the crash would have
come quite suddenly but for the latter
cause. The downfall was crusher, November
No. and No. 2 the year suffering most in the
general tumble. the first falling off 3 cents.
while year wheat slipped down nicK els WORT b.
No. ! hard yielded 10 the squeeze only ! cent,
but No and each gave way cents. On the
call yesterday quotation etOOd: No. |. hard.
e0c; No. 2 SIC; No. s. 7So; No. 2, October
offerings.
Coru-No. ., cash and October. strong at SIC,
with offerings at SSc, but no sales.
Oats-Firm in all grades but No. 8, which
dropped the half cent from previous days quo
tstious No. 2, white still held st 28c with no
offerings; No. 2, mixed, 27e bid. offered at
27ISc; No. 2, white, October, 2Sc, none for
sale; No. 2 nigel. BIC, offerings at 271Ic; No.
8, Csc. mono offered.
Bsrey-Firm and unchanged for Nos. 2 aud
at Csc aud 81 respectively, with no offerings.
RYe-No 2 Csc.
Flax seed At the old figures -S1.12.
Ground feed, off from day before to $l450,
with offerings ut Sl5. No takers,
Corn meal down half dollar-Sl4. 80. No
offerings.
Bran; 81. 25 offered at $3.50 No GALES.
Baled hay $500 bid, With offers at 80 so,
but no deals.
Street prices on wheat are az follows, rot
having followed the depression which over
took the speculative TRANSACTIONS bnt remain
ing unchanged. No. /, SIC: No. 2, 95c; No 8
Tic. The mil'er5 are taking all the wheat
bought from farmers wagons. There is but
little coming in as yet, farmers not being quite
resdy 20 leave the fields. while the weather
holds good.
TIE dealings in fruit by leading io5bers have
increased more than 25 per cont over Septem-
Der with trade, however, mainly confined to
small lots. In these deals apples are quoted
200. Peaches 600S5c per basket; boxes,
SLo0@i. %. All other fcuits in season re-
main about as last reported. Dealers have not
CHANGED quotations, although there is more
latitude taken in negotiating some trades.
Grain aud produce are steadily increasing in
movement. demand ahead of supply. Com
mission houses are selling standard bands as
follows: Pate It process. sc 50(dl7 90; straight
S5.Go@5 IS; xxx, S4.7505. 90; fancy patents
andlow grades, same as at last reports. Bye
honr. 81. $4,000.
Brewers supplies are lower new hops sell
ing at 2s(G30c; malt 81 Is per bushel.
Buyers of butter for shipping pay 25c for
creamery; % @23c for choice dairy; packed
dairy. 1S9 pc; medium to good, u.s.; shipping
Ice; the demand for extra choice is in excess of
the supply.
Eggs. sound warranted have advanced, read
lily commanding lSc at commission houses.
Onions for shipment are higher, being taken
readily st GO cents per bushel. Potatoes,
lower and dull at 20 cents.
Hides remain as last week, Butchers SIC;
green salt. s14c; calf skins, l3c; kipa, Zoe;
descons, SOC: dry flint hides, l5c dry salt. l2c;
No. stock. two thirds prices Nothing doing
Ia wool; prices nominal. Sheep pslts. wool
estimated 35c per pound; sheGrlings. 3U0Hc;
lambs, 4G@60c. Tallow-No. /, Sc; No. 2, 90;
Seneca snake root. 30@45c.
Ginseng Dry, Sl.SU@l. As; green, &c., There
were some heavy transactions IN this latter
article within the past few days. A. o. Bailey
d Co. taking a single lot at $i3 000.
In groceries and grocers' sundries there have
been bur few and slight changes during the
past week Fancy Rio has dropped from - to
10 per pound, and stands at 17@lSo. In raisins
Valencias are half a cent higher, being quoted
ct l0c. Dried apples per box, Aldens quote 1c
lower-l2o. Ont loaf sugar has advanced &c
per pound-1l14c. Cheese, full cream, adds
1Sc-I415e. Medium q. P. beans mark up 10
$l.75. These are all the changes. Trade is
good and collections fair.
The charges in drugs and associated goods:
gum sbellsc has dropped TO 4Sc, hemp seed to
$3.50. chloral potash to 23c, inspected carbon
to- @r24c asssfoetida goes up to 35c. raw lin
seed oil to 60c, boiled to 63c, lard oil to 70(075c
fifty to fifteen per cent. discount. Quite an
improved trade over September, but collec-
tions in this line still allow.
Petroleum at Cleveland is steady and quoted
at $L10@l. 10SI-
Leather and findings exhibit no change.
Finished iron and steel same above.
Boots and shoes follow suit with the last two
and trade in the three is improved over Sep
tember for the same period.
Hardware shows a fine and improving trade
with collections good.
The liquor houses complain that collections
ere not better than for the last month, though
business is brushing up every day.
A visit TO the horse market of W. IT, Nichols
corner of Fourth and ST. Peter streets, showed
that the demand for heavy draft horses is very
strong and buyers free, with prices ranging
from $3.50 To S500a span. This stock is taken
entirely by lumber MEN, for pinery service.
MIR. Nichols received another span of heavy,
Young horses yesterday, from Waterloo, Iowa.
he hapdles entirely young stock. On Monday
be sold to Messrs. Duncan. Gamble d Co.. who
are extensive owners OF pine lands nesr N. P.
Junction, six head Of very fne horses at prices
as above. There is little call for roadsters and
fire 6riviug horses. and what few are sold go
at from Sl25 to Sl75 per head.
Yarns ard fabrics at Manchester frner; an
advance asked but none established.
a New York dispatch of evening last says:
SIN the dry goodR trade the movement CON
tiuues slow but there is steady undertoue in