Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-01-21
ST. PAUL TRADE.
Weckly Revie,c of the st. Paul Markets..
OFFICE OF THE GLOBE,
CT IaI Oh 1880 [

OFFICE OF THE GLOBE,
ST. PAUL, Jah. 20, 1880.
The prevalence of warm, open and uuseason-
| able weather throughout the past week has
presented serious draw back to what would
| have otherwise resulted in fairly active and
satisfactory movement. The advent Of spring
like weather at this season of the year is justly
regarded with apprehensions, and total alb
sence of snow (the most essential factor to i'm
mediate and prospective business prosperity
has retarded business and superinduced feel
ing of sluggishness in the commercial arteries
of the entire country.
There can be no doubt but what a liberal
downfall of snow would result in increased
and marked activity in all the depart nents Of
| trade not to mention the vastly beneficial in
fluence of snow on the ensuing seasons crops
The situation is particularly distressing to
| the farmers of the interior, who owing to the
bad roads and their remoteness from the
towns and railroad stations, entirely depend
upon q good road bed of snow for the move
ment of their produce, considerable portion
| of which has not yet been marketed.
| The grain market has been moderately active
| duri @ the past week, but with depressing ad-
vices from abroad and weaker markets at the
| seaboard and intermediate points, values have
materially declined since last weeks writing.
| The principal reason for the decline in the
| home market is attributed to the adjustment
of the railroad pool, which has hitherto fixed
| the freight tariff on wheat from Chicago to the
| seaports. For several weeks past the ship
ments of grain from Milwaukee and Chicago
to the East have been merely nominal, which
hes resulted in heavy accumulations of stocks
at the above named cities.
With reduced freight tariffs, and material
reduction in prices, it is expected that the
movement of grain to the seaboard, and from
| thence to foreign ports. will be unusually
heavy, particularly as the export demand for
the past two months has been only nominal,
az European operators have refused to take
hold. owing to the speculative character OF
prices.
The visible supply of wheat Jan. 10, 1850, was
80 3U9, 36l bushels against 1S,585.4l3 bushels
Jan. II, 1879. and $3.50, $50 bushels Jan. II,
1873 The stock in store at New York Jan. 10,
1889, was 1892 800 bushels against 3,429, ST.
bushels Jan. IL, 1879. The receipts of wheat
in st. Paul during the week have been very
| meagre and with good inquiry all offerings
find a ready market at quotations.
The offerings of corn, oats and other mill
stuffs have been more liberal than for the
week preceding. but with good inquiry for
mer prices have been easily maintained. The
provision market has been active with good
inquiry for hog products The offerings of
hogs have increased in volume which
has Influenced values to rule lower.
considerable portion of the receipts have
| been withheld from the market by certain
operators in expectation of higher prices. In
| this however, their hopes have not been real
lied. the fact being that owing to the increas-
ed offerings prices have ruled weaker and s
! number of carloads will be put on the market
at decline.
Business has been fairly active in mercantile
circles during the past week, and majority of
| the dealers have enjoyed a reasonable order
patronage. The jobbing and wholesale houses
have been actively engaged in getting their
goods in readiness for the ensuing season s
business, and the prospects for an active spring
| trade are regarded very tattering.
| The grocery trade has been fairly active with
no marked change in values. A fair inquiry
has existed for the seasonable descriptions of
dry goods, and only few slight changes are re-
ported in prices. The drug trade has been &C
| tive, and values are firm and higher.
| The hardware trade has been reasonably &C.
| tive and values are firm with number of adj
vances since last week. writing.
| moderately active movement is reported
in the demand for hides, furs, wool, clothing,
carpets, hats and caps and notions, while no
marked fluctuations have taken place in values
The boot and shoe trade has been quiet and
dealers report the best of prospects for an &C.
tive spring business. The trade has been &C
lively engaged in preparing new price lists. al
observed by the revised quotations.