Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-05-25
COMMERCIAL.


st. PauI au Independent Market for Coarse
Graius-The Board of Trade-Dry Goods
Ouofatloas Fluctuating-Wheat Sick
Provisions Weak-The Bears Have The
Stock Market.
The small receipts of wheat yesterday sold at 96c
for No. ., and soc for No. 3. Coarse grains we're
nominally unchanged, with dealers cautiously esd-
mating the stock of oats In the city, Ia anticipation
OF the demand falling of greatly about the last OF
next month or towards the close of the breaking
season So far this year st Paul has been an inde-
pendent market for coarse grains, and has paid
about the same prices that were obtsinsbe In Obi
cage To some extent this may be expected every
winter and spring until the resources Oh tue new
country north and west are fully developed and ST
Paul will buy and sell an immense quantity OF Iowa
GA every year until Minnesota farmers can supply
the market.
Frujt dealers advanced their prices for strawber-
RES Yesterday 81 per case, but they had the best
berries If the season from Centrala, Illinois. Next
week the Michigan berries sill come IN, out the low
prices for which preserve-lovng housekeepers wait
need not be expected until Iowa, Minnesota ana
Wisconsin berries are ripentng.
The subscribers to the board OF trade are 10 meet
AT McIlrath X Gbert's Office at P. NJ. to-day, TO de-
eide upon the organization Of the board The pend
ing proposition to raise $4,000 for building Is IKE
" to be postponed indie dnitey but the board Will oe
established st once and got INTO gooo "orAs OHuer
A New York dispatch of last evening says: SIN
dry goods there IS change in condition OF market,
and business continues quiet In all departments.
Cotton goods Quiet and jobbing quotations 1rregu-
lar; prints dull and unchanged; gingnams In fair
demand and Arm; mems wear woolens commune
Quiet: foreign goods in light request"
The wheat market yesterday UNEXPECTEDLY deVel-
oped greater degree oS weakness, and declined
@D8 cents on cash and June Provisions In chicago
were sympathetically weak and lower.
Trp;h
good authority that No. Chicago spring wheat was
salabe at 10 in New ork all day last Friday that
fgnre being freely bid by exporters and refused by
holders. 1t must therefore have been worth $I'zU AZ
the time It was telegraphed at $l.16EOllo. "
course 81. 40 In New York is low as compared with
sl.I4Qll 6 here but the situation ought not 10 De
painted worse than 1t is
Iowa has Just completed his annual report on the
crops of 1872 snd concludes that last years wheat
cropin that State was ,oOO.oOO ousnels me WASH
inRton department of agriculture has reported II at
$3.50, O0O-a difference of 100000 bushels or 20
per cent New York paper remarks: zine ratio
Of discrepancy between these two Iowa reports, II
applied TO the whole wheat crop Of 1879 would show
difference of 800 900 bushels. With such VIDE
margin of difference between crop estimates, what
are sl our calculations worth about the balance tnat
NAV remain in the country when the exports have
been asoertained? To say the least the result or
given years crop can never be ascertsned witmn
IL per cent. which leaves a margin OF uncertainty
sufhcent to vitiate all practical calculations, ana
makes Epeculation the widest game of chance"
The New York stock exchange is endeayorng to
ferret out and suppress the bogus bankers ana pro
ers who infest Wall street and vicinity and by skill
fully worded advertisements and circulars scattered
broadcast through the United States, have succeeded
in swindlng thousands out OF money sent 1or the
purpose of investment in their so-caled puts, cals
pools, combinations, syndicates, marginal opera
lions etc The law committee of that institution
invite the cooperation of bankers, brokers, ana all
who are affected by this diversion of immense sums
of money from legitimate channels .
The New York EUenjng Post thinks that gold ex-
ports are not unlikely within the next Jew weeks put
the domestic influences are new running so stongly
In favor of an easy meney market that an orhow
of gold to the extent OF few millions need cause no
apprehension so far the money maraet ls con-
Cerned.