Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-04-15
COMMERCIAL AFFAIRS.

Brief Review of Trade In st. Paul Opinions
and Facts, Local and Eastern, Bearing on
the Pending Wheat Deals-Dry Goods
The Fraud In Oleomargarine-GlucO
Syrups and New Process Sugar-The
Globes Daily Reports of Eastern and
European Markets.
ST. PAUL, April Is.
At the banks it's money easy, exchange I'M
changed and governments following the New
York quotations. That's the uniform daily
answer to inquiries as to the state of banking
business, to which it can only be added that
the bank transactions appear to indicate lively
trade and healthy collections. As to the
wholesale trade of the city we can only repeat
the substance of the remarks of yesterday
that while in other lines trade is fair to good
and even extraordinary for the season,
the grocery trade is booming,
being at least equal to the best of fall seasons.
There are no notable changes of prices in stan
dard goods and the only indications of future
changes, if any, are to be derived from our tel
egraphic reports of other markets, given be-
low. In the produce trade of the city there is
also nothing new of importance. 1t was said
Yesterday that there was nothing moving but
oats and-dust. Coarse grains and feed are
kept firm by the heavy demand for supply of
the new country northwest, while stocks are
we'll maintained by liberal receipts from the
south and southwest. Pork and hog products
are firmly held at prices considerably over
Chicago rates with cost of transportation added.
The butchers still say the supply of nicely
dressed veal is short of the demand
and that live calves are not
wanted Grocers who supply the best city
trade continue to complain that they are too
frequently compelled to supply customers with
an inferior article of butter because the supply
of choice creamery and gilt edge dairy is lin
tied and irregular. lhe local market is we'll
supplied with variety of early vegetables,
mostly from the South, and including Bermuda
potatoes. The supply of fruits is large, and
almost daily increasing in variety. and fruit
dealers say their choice apples, as quoted be-
low. are really superior to the average of last
falls supply.
Wall & Bigelow's st. Paul circular of last
evening says of the Chicago wheat speculation:
1T is utterly useless to express any opinion.
The clique is running the market to suit itself,
and every one that has tried to
follow it has gotten beat" The
same circular also says of hog products: 1T
certainly looks, in the more hogs coming I'M
lin Chicago) than was ever before known In
the history of the trade. at this time of the
year, that stuff IS too hign-especially pork
although some conservative provision specula-
tors would buy if it were not for the unsettled
condition of wheat. 1t looks now as if Armour
& Go. were beginning to get out of their May
short ribs.
The Chicago Tribune notes a revival there of
the old-tim fear of squeeze in May. owing to
| the inability of country holders to place their
grain in store with warehouses already full to
OVERLOOKING. Of course it is known that grain
must be actually in store in order to be regular
for delivery on contracts. Il is not regular if
standing in cars on track, however good it may
be-" The same paper TUESDAY mOrning)
says: "And now the cry is raised,
that the bears in wheat and corn have over
sold themselves, and are at the mercy of the
longs. No one seems to be exactly sure about
it, and the whole thing may be only ground
less rumor SO far as the outcome of it is con-
cerned. But there is no room to doubt the ex-
istence of an overwhelmingly big short inter
est. The folks have encouraged one another
to sell, like boys in mischief. and accepted
each decline resulting from vigorous short
selling to be an argument in favor of selling
still more. Whether or no the longs would
| make money by putting on the screws IS an
another matter. The circumstances of the
case would seem to be entirely against 1T; bul
| they might decide upon such course in the
hope of reducing losses. If they control the
storage room they are able to bother the shorts
badly, however it may fare with themselves. y
The Produce Exchange Reporter, of New
York, (Monday) says: "The wheat movement
| from the West to the seaboard and thence to
| Europe, is assuming large proportions, and
promises to continue very active during the
spring and summer months. 1t is plainly evil
dent that there has lately been strong desire
on the part of many arge holders of wheat &c
unl0o1 ND ho faD6annu has "
been toward lower prices"
The California growing crop of wheat is saio
| to have been favored by late timely rains. The
reports from the winter wheat growing section:
are favorable except thatsin some parts of the
West fear is expressed of the premature
growth. The marketable wheat of Germany
and France is now believed to much exceed
all former estimates, and considerable
quantities were exported from those countries
| in March.
New York telegram of last evening says
1.-THE dry goods business remains quiet with
| package houses and the jobbing trade only
moderate. Cotton goods quiet but agents prices
| unchanged. Prints dull and unchanged
Printed lawns aud piques in fair request. Mems
wear woolens quiet and firm. The Bulletin
says 800 pieces of silk will be sold at auction
next Wednesday,"
The commercial papers of New York are vol
umniously discussing limitations and adultera-
tions. The Shipping List, while conceding
that oleomargarine, if properly made of clean
and healthy materials, may be an equivalent
of we'll made butter, adds: "The article, how
ever, should be sold on its merits-as oleo-
margarine, and not as the product of the dairy.
Therefore, let those who refine beef fat
which seems to have been carried to such a
perfection that it cannot be distinguished from
butter made from the product of milk-cease
to pretend that it is anything but what it is,
and by frankness as to their methods of pro-
cedure and full Information as to the cleanli-
ness of their material, convince the public that
it is wholesome and harmless, and they will
establish their trade on a sounder asis than
| by an attempt to cheat, which strikes at the
foundation of all confidence. If new,
cheap and wholesome substitute for butter
has been invented, it ought to be benefit to
| the human race, and there is no reason to be
| ashamed of it. But so long as it is put for
| ward as something which it is not, there will
be dissatisfaction. Acknowledged fraud is
repudiated at once, and that is what the man
ufscturers or dealers of olgomargarine at
present engaged in, and that the cheat is bene
| fetal, as they claim, is no excuse. The diges-
tion cannot be easy when the mind is dis