Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-06-16
COMMERCIAL.
Weekly Review aud Telegraph Reports
of Stock aud Produce Markets.
DIV, 10


| week. Money is ia increasing supply from
improved collections and all legitimate de-
mands are promptly met. Government bonds
| are held for sale by the banks at New York
quotations of the day, and are bought by them
at 1l@15c. less, viz:
Coupons. 1881. 1063 g 1863
| New 5s, coupons. 1OZ%6 G9 lU3IS
| New AIS, ex. coupons. 1901 @l0915
| New As, coupons. 1885 @i0S9s
Pacific 6s, of '95.. l2273 1924
The dry goods jobbing trade has been very
good the past ten days, for the late spring sea-
son. The orders of sheetings and light work
prints are as for some time past, quite unset
tied. Agents and jobbers of these goods are
all anxious to reduce and clean out their stocks
Eastern manufacturers and wooden commission
/ houses are showing disposition to meet the
views of iobbers by making prices OF wooden
goods FIVE to fifteen per cent. less than they
| Tailed thirty days back. There is no doubt
that by the opening of the coming trade season
prices will be settled aud firm. Trade will be
| good and satisfactory to all Interested, from
the maker to the consumer of wooden gsodS.
The general prosperity throughout the coun-
| try has smoothed the way for making the next
six months business unusually successful with
those who supply consumers with general mer-
chandise, and when crop prospects are more
| settled than now jobbers and retailers will both
| make preparations for large trade. In this
connection, now that the rainy season is prob
ably about over and the worst has been heard
of the damage it has occasioned to growing
crops it is proper to remark that what damage
has been done Is very light as compared with
the great aggregate of the sections over which
heavy rains have prevailed and Is almost Who'll
ly in the older settled sections where prosperity
does not depend altogether on one product OF
noFa Of ha rfh
and west, in Minnesota and Dakota, have the
best of prospects in the present appearance of
their wheat fields-their only danger, If any
appears, being in the fact that the
grain has stooled SO that it
stands extraordinarily thick. In the
central and southern parts of this State, where
most farm CROPS have been below the average
for two years, the present indications are more
than usually favorable. And in the south
west counties, where grasshoppers and drOuth
have for years past troubled the farmers. all the
existing conditions give promise of large crops.
I When the outlook is so favorable all over the
great agricultural region which is supplied
from st. Paul. there is in that fact good reason
for anticipating that the coming seasons busl-
hess of merchants will be very large.
The wholesale grocery business has been but
little interfered with by the late wet weather.
Mail orders are numerous, and the trade con-
tinues very good, with collections improving.
An advance of Is &c on sugars is noted, and also
reduced prices on several varieties oil cOrdhge.
The trade in drugs and kindred goods con-
tinues very good, with few changes of values
noted this week.
While standard snakes of iron and steel ap-
pear to have reached settled values, the prices
of staple goodsin the hardware lines continue
weak and several articles are marked lower this
week.
In leather and findings, prices of which are
ONlla
tlons, which were slow early in the season, are
very much improved.
The sales of boots and shoes are quite large
for this time of the year, but activity In the
trade, or changes of prices are not TO be eX-
pected before about the 1st of August.
The grain and produce business of this city,
without concert of actjon-simply through
force of conditions which make st. Paul
commercial center-bas grown to such large
proportions that the need of produce exchange
has been felt for some time by all connected
With the CT y trade. Country buyers and ship
pers have also urgea that II was needed, and
shat the lack of it was at times a matter of
serious consideration In connection with I'M
dertakiug TO market their purchases here. The
board of trade, the organization of which was
completed this week, and which starts with
twenty-seven members, will maintain an ex-
change with daily meetings. For the present
summer, 1t Ia not 30 be expected that there will
be much business transacted on change. But
within few months from now, when the new
crops begin to move, there ought 10 be large
business. Farmers, as well country mer-
chants and other buyers, will by that time
have some knowledge of the advantages Of
selling on a public board and Eastern
BUYERS for consumption will also be Informed
that orders can be fllad here. An especial gain
will be to The wheat trade since Eastern mil
lers, who desire to use q proportion OF Mime
sofa or Dakota wheat, and dom want 1t mixed
before il reaches them, will naturally prefer to
bay On we s.. Paul board, and have their pur-
chases sent directly through, without handling
at way elevators. Another prObabla result,
which ought to commend the St. Paul exchange
to the country, will be securing recognition
and respect far Minnesota grading of Minnesota
wheat.
At this time there is no trade in wheat, ex-
cept between holders and millers, the latter
paving in St. Paul about the same prices that
would be Obtainable in the Lake Michigan
markets. The movement of course grain
and feed continues large, though
much less than at the same period in last
month, and with prices lower aud somewhat
weak. Bran and ground feed are very low and
in light demand. Provisions are steadily held
with fair trade for the season. Butter is
coming in freely and is taken for export at
prices a lsttIe irmer than last week. Eggs
are scarce and in demand at advanced prices
which are likely TO be maintained for at least a
few days under the increasing receipts which
may be expected now that the weather
Is settled and country roads are improving.
Hides, ETC., are little frmer and an advance
of &c has been established for green hides.
Receipts of wool are increasing ss if growers
were coming to the view OF buyers that prices
are quite as likely to go lower as higher
when prices are estat lished on the seaboard-
which cannot be expected before about the
middle of July. Meantime buyers here are
paying as much as buyers in Chicago aud
like ali wool buyers in the West are expecting
TO hold what they bny not less than six weeks,
until, following the opening of the seasons
trade In wooden goods and the exhaustion of
imported stocks of WOOL the expected fall de-
mand for domestic wool is opened by the man
ufacturers.
From New York it was reported last night
that the cotton goods market yesterday coutin-
ued unsettled, but that leading makes of
brown and bleached cottons were doing fairly
in first hands. Prints were very quiet. Dress
ginghams we're in good request and lawns and
wide prints were in steady demand. Mems
wear woolens were moving in small lots, but
f1annels and blankets remained quiet.
At Manchester, England, yesterday, yarns
and fabrics were quiet and unchanged.
In the lake markets. yesterday, wheat was
active but lower; pork strong and higher. In
New York -four was dull, the market being in