Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-04-17
COMMERCIAL.

st. Paups Trade Brisk all Round-The De-
mand for Coarse Grains Falling OFF,
Wheat Markets Still Sick, Notwithstand-
Ing Cheering Reports of Drouth in Iowa
and Nebraska The Nail Makers Further
suspend Production Strong Market
and Higher Prices at the New York Stock
Board.
ST. PAUL, April II.
At the banks the business is active for the
season, with money easy. Sight exchange on
New York u per cent. premium. Sterling.
small bills, 81. 80. Government securities are
sold at the New York quotations of the day
and are bought at A@15 per cent. under.
The. wholesale dry goods and notions trade.
are fairly active for the season. The grocery
houses are busy with larger and more orders to
I'LL than was anticipated. In fact the trade of
this spring in that line is lust
booming. There is also b good trade for the
season IN hardware and iron boots and shoes.
leather and findings and saddlery hardware:
while the dealers in liquors, cigars, fruits. con-
fectionery, etc., all tell the same story-that
their orders this spring show an extraordinary
increase OF demands for supply of the country
west and northwest.
In produce dealings there was considerable
falling OF yesterday. The heavy demand from
the Northwest for coarse grains, feed and pro-
visions Is about over, and the values of oats
and corn here have accordingly followed the
Eastern markets with slight decline. The
supply OF mlllstuffs being considerably reduced
they are held firmer at advanced prices. East
ern advices as to hides and skins are that their
markets are off on all kinds of stock, but buy-
ers here have not yet made any reduction. ex-
cept on pelts, on which they dropped yesterday.
and will probably soon be compelled to further
cut their hgnres. Tallow is firm at the late
reduction.
Wheat in the lake markets opened Yesterday
at about Thursdays closing prices, weak. and
selling down to ST. May and 81. OS June in
Chicago, and $1.0S15 May and 81. 081% June in
Milwaukee. After this there was a rally and
advances of 17a@215c followed by a decline
otl@l4a. closing unsettled and weak. In New
York wheat was heavy and declining. Taken
for export 10000 bushels. The stock of
wheat in sight in the United States and Cana
das is %, 1856, 900 bus hes, decrease of 545 600
bushels since April Sd.
There are reports at Chicago to the effect
that Nebraska and Western Iowa are suffering
for want of rain. No rain has fallen in some
sections for fully eight months, and grave ap-
prehenslons exist In regard to the outcome of
next harvest.
A New York dispatch of last evening says
cotton goods are qaiet in first hands, but the
best makes continue steady in price, and agents
stocks are in good shape. Prints quiet and
unchanged in prices. Ginghams, lawns and
dress goods In moderate request. Clothing
woolens moving steadily on account of back
arders, but the current demand is light.
Boston Post, Tuesday: The market for cot
Ton goods Is very quiet at this stage of the sea-
son, so far as agents and commission merchants
are concerned. The wants of the trade are
temporarily supplied, and jobbers are anxious
to reduce their stocks as rapidly as possible.
The most notable exception is in print cloths,
which, after the large spot and future sales of
the last two months, are now very dnll, and
prices continue to shade with the cost of raw
cotton, especially for remote future deliv-
cry. The print market is
very quiet. Fine wide prints, ginghams and
FANCY dress goods continue in fair demand at
unchanged prices. The market for wooden
goods rules quiet, but firm. Light spring fab
rlcs are sold very close up, and there are no
more to come forward from the mills. There
are no stocks of fall goods in first hands, the
current product of the mills being wholly alb
sorbed by deliveries in execution of early or
ders. All the wooden machinery in the country
Is now running on heavy fabrics, and hence the
current consumption of wool is enormous.
burgh Wednesday. and, with considerable 3D.
position, ordering further suspension of all
the mills for another fortnight, beginning on
Monday. the 18th, by which time it is thought
stock will be sufficiently curtailed to warrant
the full resumption of manufacturing opera
tions. Some of the members were in favor of
reducing the card, but the matter was not
formally brought before the meeting. Should
there be no Improvement in business by the
time of the next monthly meeting a reduction
will be strongly advocated and perhaps adopted
Cleveland dispatch of Wednesday says that
the seasons contracts call for 1850, 600 tons of
ore from the Lake Superior iron mines, of
which 400, 600 tons will go to Lake Michigan
ports and most of the rest to Cleveland and vi
cinity. The same dispatch says: ''The iron
manufacturers and ore dealers here are looking
for reaction in the market and better prices.
which they expect will soon be established on
natural and healthy basis, where they will
remain without much fuctuation for one or
two years"
VI