Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-08-04
COMMERCIAL.
Weekly Review of the State of Trade-L Lake
Grain Markets Quiet With Declining
Tendency-Stooks strong and Active.

ST. PAUL, August 4.
At the banks of st. Paul there is an increas-
ing demand for money for the country, an is
usual at this season of the year. Money con-
tinues easy, with moderate inquiry in the reg
ular course of business. Exchange is moro
plenty and easier, though not quotably lower
for small bills.
The mercantile trade of the city Is generally
light, and merchants understand that this is the
farmers harvest time and their idle time. But
they anticipating and preparing for their har-
vest time In large fall trade. In the dry goods
there is nothing of special interest to be noted
this week. Very few orders are coming in,
but the country correspondence of the several
houses indicates that the fall demand will be
heavy The grocery trade continues quite &C
tive and up to this time has been the largest
summer trade ever known in st. Paul. Sugars
are again advanced &c all around and some
changes in prices of minor articles are also
made. The advance on sugars, 1t is claimed,
does not result from the action of the rehners
in organizing for the purpose of limiting pro-
duction, but is rather to be attributed
to the increasing consumption ct
this season of the year. The drug market is
active and with some changing the general
tendency is toward an advance. Opium,
cayenne pepper, whale oils, lard oils and oils
of lemon, sassafras and wintergreen are firm
er. Russia castor has gone up to So. Iodine
and iod. pottass., balsam copaiba and tartarlc
acid are a little lower. Finished iron and
steel are hrmer in price and dealers anticipate
that moderate advance of prices may soon be
established. There are no changes in shelf
hardware to note. Nails have been advanced
TO $500 by the Western Nail association.
Sheet iron is much frmer. The general feel
ing in the trade is that better prices are to
be maintained in all staple
metal goods. The boot and shoe trade is steady
in prices and larger business is doing. Leath
er is firm with an advance of &c established on
oak soles.
The produce and commission houses are
quite busy for the season. Corn and oats, and
bran and shorts are quite firm at the late ad-
vauces, and lower prices are not likely to be es-
tablished till about the middle of the month
While the shipping demand keeps up the prices
of millstuffs it is not so easy TO explain the
high prices of corn and oats. 1t is a fact now
as it has been for months that corn sells here
at only 2@sc per bushel less than iq Milwau-
kee or Chicago and that oats
are worth here 708c more than
in the lake cities. st. Paul has for years been
good market for the oats and corn of the
country south and southwest, but, considering
that both are daily being shipped from places
having shorter rail communication with st.
Paul to Chicago, it would seem that at least
the price of oats here was too high. Eggs,
strictly fresh, are quite scarce and are again al
vanced 1c. The butter trade continues active
with an advance of &c all round during the last
week. Provisions are firmly held at prices de-
pending upon the Chicago value of cash pork
and products. Buyers of hides here continue
to pay the prices established last spring, al
though the Eastern markets ale occasionally
quite weak. Wool continues to arrive slowly
and buyers are storing big lots that will COM
mand good prices whenever there is a market
for them. 1t is estimated, however. that quite
half of the clip of Minnesota remains in
the hands of the growers. Seneca root and
prime ginseng are little improved in prices.
A New York dispatch of last evening says:
"The dry goods business was only moderate to-
day with package houses and iobbing trade
was quiet. Cotton goods are in steady demand
but not active. Ginghams and dress goods
are fairly active and leading makes Of prints
selling fairly. Wooden goods quiet. Foreign
dress goods in better request"
Yarns and fabrics at Manchester easier; not
quotaby lower.