Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-03-03
ST. PAUL TRADE.
Weekt.i ReUi e,U of the st. Paul Markets.
OFFICE OF THE GLOBE,
ST.. PAUL, March 3, 1880.

OFFICE OF THE GLOBE,
ST. PAUL, March 3, 1880.
healthier feeling has characterized the
movement in the several departments of mer-
camille trade during the past week, but at no
time during the winter has trade been sluggish.
In point of fact, a larger and more renumera-
tive patronage has been enjoyed by the whole
sale and jobbing trade during the past winter
than ever before experienced in the Northwest,
and so entirely satisfactory has trade been that
dealers fiud it difficult to draw the line between
the closing of fall and winter trade and the
commencement of spring business.
A fair increase is reported in the volume of
business as compared with the week preceding,
and the outlook for decidedly active season
is most encouraging. The number of dealers
in the city from interior points has been light,
and as vet the bulk business is transacted on
order account. A few days of bright, open
weather, however, will infuse fresh impetus
to trade and before long the channels of spring
business will have fairly opened.
The fluctuations in values have not been of a
decided character, and slight Improvement is
| reported to collections, a better disposition
| being manifested on the part of outside dealers
to meet maturing obligations. Throughout
| the week the receipts of wheat have been light,
! and with good inquiry on local and shipping
account values have ruled firm and higher,
while the tendency favors still further adj
vance.
| The most gratifying feature of the Eastern
market has been the disposition manifested by
holders to meet the requirements of shippers,
aud the purchases on export accounts have
been much heavier. Owing to the adv ance in
| ocean frieghts the export movement has en-
countered serious drawback, and on this ac-
count the quantity of wheat in store continues
| IL. - III, hor Il,
mentable feature of the case being that in some
| instances English and continental buyers have
| supplied their wants from other countries.
In speaking of this feature Of the market a
writer in the New York Produce Exchange
Reporter and Corn Trade-Llst' the
following reflection: 1T is great mistake to
| suppose that Western Europe has no other
source for supplies other than this country.
At the Black sea ports they have liberal sup
plies and by fast steamers can reach English
ports in twenty days, and the quantity now
afoat thence for Western Europe is large, and
the same is true of Australia, whence steamers
make the voyage to London via the Suez cana
in forty-eight to fifty days, tina. they car
count on liberal supplies of new Australia
wheat in March and April, and we shall have
strong competition with wheat from tropica
regions at Western European ports.
The supply of wheat in sight has not beer
largely diminished during the past week. anG
1t Is now reported at Zo,oO9,uuu Dusnels aSalns
90 1851 bushels for the corresponding weel
last yesr. The pool on freight rates by tn
trunk lines and their feeders, and the conse
queut exhorbitant advance in the tariff ha
materially retarded the movement of wheat Il
the seaboar6, the result being that the Yves
has practically experienced heavy blockade
Should this condition of things continue unit
navigation opens it will result il the diversion
of supplies via the Mississippi river as alread
experienced on the lower end of the river.
The mild weather of the past few days ha
been favorable to ploughing and many of tn
farmers are engaged in sowing their spriu
wheat. The receipts of corn and oats hav
been extreme during the week and with only
moderate inquiry values have ruled weak an
trifle lower.
The grocery trade has been active and price
have generally ruled steady, the only materis
change being in sugars, which have undergon
slight advance.
E The hardware trade has been fairly acti7
with no marked change in values. Nails hav