Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-04-07
ST.. PAUL. April Z

At the ST. Paul banks and loan agencies money
continues easy and the outlook is steadily cheerful
Though the money lenders are inclined to give con-
cessons in interest on best Sity property yet the
many improvements going forward in both city and
country tend to create large demand for money on
mortgages; and as for the banks, though they are
more than able to take care of their regular custom
ers the rapid increase Of the commercial and
featuring business of the city provides employ
ment for all the money they care to
loan. Rates of interest vary FRONT to 10 per cent,
according to time and security the lowest rate being
on long loans best city property and the medium
rates being on gilt-edge coupon paper. Eastern
exchange is officially steady at i per cent. premium.
Sterling, small bills, 81 20. Government bonds sell
here at New York quotations of the day, and will be
bought by the banks to-day as follows:
Coupons of 1881 .1051z @105%
New .1OS1s a 09&
New 4Ls..................... 1857 G1103A
New ACKNOWLEDGEMENTS. 1865 G1I06B
Pacific 6s 1895 12l u GDi2l&
In New York, for a week or ten days, the money
market has been uncomfortable, and lenders have
demanded and received, in addition to the legal 6
per cent interest pretty heavy bonuses varying ac-
cordng to the standing of the securities deposited
oolateral Nevertheless stock values have been pretty
well maintained all through the list. While at this
distance the strength of the stock market is generally
attributed to prevailing spirit of speculation, the
prices bid for numerous railway stocks which do not
now and may never pay dividends would seem to in
dictate that schemes of consolidation for strengthen
ing trunk lines and limiting competition have much
to do with the selling values of most of the list. 1t
IL also probable that large interests involved in
keeping the apparent values of certain stocks aud
bonds until they be partly unlosded by those
who are temporarily carrying large blocks OF them.
Throughout the wholesale trade of st. Paul the
present conditions and prospects are encouraging.
The number of country merchants visiting the city
this is much ahead Of any former season,
while voluntary mail orders increasing and also
sales by Travellers The increasing area covered the
St Paul trade is noticeable feature of the season
in near every line. In dry goods and groceries
there have been but few and small changes during
the week past
The drug business is fairly active, with many
changes in market quotations Opium and NOR
phine firm at the advance. Quinine seems likely to
so higher at distant day. Oil wintergfeen, cream
tartar, tart Acid and camphor are all higher. Spirits
turpentine little lower, also caster oil. Glass
and glassware are FIR and may yet 60 higher. Cit
ric acid is likely to advance the summer
trade commences. Our st. Paul dealers have large
stocks, purchased at low prices, and daily gain
ing trade that st. Louis Chicago, &C., once held.
On any fair competition st. RAUL can take the lead.
and both city and country dealers are recommended
70 get s.. Paul prices before sending dollars
worth Of trade away from onr home dealers.
In the hardware line we note that the discount
American files is increased to 20 per cent,
and tin plates are marked down
2bc. Boots and shoes are unchanged
Hemlock harness leather is marked down &c. There
is an apparent tendency East to advance heavy
sole feathers, but our dealers well stocked and
will be content to follow rather than lead the Eastern
market.
The st. Paul produce market rules steady, with
business lively in grains and mill stuffs and
fair to good i'll provisions and country products gen.
orally The stock OF grsin in store here Is estimated
at about Geo 900 bushels being about 100000 bushels
wheat, 200 bushels corn, 600 bushels oats and
5000 bushels barley, with some small lots of barley
and rye not taken into account The supply of choice
butter is small and more is wanted, while the trade
IA shipping grades Is rather dull. Chickens
wanted Butchers for a few days have been scantily
supplied with calves and Offering good figures Tor
raft lQ nd md de VSl1 ara
well maintained here Notwithstanding the uncertainty
OF the Eastern market. Heavy wool pelts of
January and February bring round prices, and the
prospects of spring prices for the Minnesota wool
clip concerning which we hope to have definite
Information next week. favorable to the growers
The New York dry goods market was reported last
evening as follows "CottoD goods continue off, but
agents prices steadily maintained, and the stock
is very lghtfor the time of the year. Prints quiet
and steady. Lawns and piques in fair request and
ginghRms doing we'll. Dress buntings active and in
light supply Mems wear woolens moving steady
on old orders, and prices remain firm"
The Fall River report Of the Sd was as follows:
"The printing cloth market has been very quiet but
previous quotations are unchanged, though quite
nominal Products for the week, l55 600 pieces Sales
$4,000 do; deliveries, 122GeO do, ada stock on hand
10000 do"
The Boston wool market on the Sd was reported
quiet for domestic with large transactions in foreign
at firm prices and manufacturers purchasing freely.
domestic fieeces neglected, as Austral an Monte
videU, ana English combing are considered cheaper
and more desirable. The market may be quiet for
few weeks to come, but with manufacturers full of
orders for goods and with foreign markets firm
and advancing, there appears possible chance for
e1y reaction. Holders of domestic deeces very
Indifferent about selling. Pulled woods in demand
and firm Ohio extra and No. l, 55062c; Michigan
extra, 52l155c; unwashed combing and delaine, 40G
G7c; tub-washed, $780,"
The New York wool market was reported on the Sd
as showing lack of the recent confidence attributed
to the approach of the several spring clips and
falling off in the activity of the dry goods market
The sales of the day included $4,000 lbs. domestic
fleece at 53365c; tub-washed indiana Csc; medium
unwashed Western 47c; fall California 241sO36c;
California pulled 45c; fall Texas 32D3Sc.
The following were the rates of domestic exchange
on New York at the aforementioned cities Satur-
day last: Savannah, buying 3-16, selling SIG pre-
MUM; Charleston, scarce, buying 1a03-16, SO ing
II premium; New Orleans, commercial IT'S pre-
MUM, bank $50 premium; st. Louis, so discount;
Chicago IS, and Boston 40c discount.
Their was no regular board in Chicago, it being
election day and legal holiday, but the curb stone
operations in wheat showed higher and stronger
market The New York market was dull and heavy,
with shippers holding off and cable advices depress
ing, Notwithstanding the amount Of wheat afoat for
Europe had decreased 40, 900 quarters in the week.
The latest cables reported wheat I'd lower in London
and Liverpool.