Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-05-01

Leading Markets,
ST. PAUL, May J..
The fair weather of yesterday made things look so
cheerful that everybody about st. Paul was willing to
concede 3here was an active business going on This
concession wGs confirmed at the banks where it was
stated that monetary movements indicated strong
trade throughout all lines of seasonable merchan-
disc One feature of interest at the banks is in the
large number of new accounts opened last month,
showing accessions of hundreds to the business
munity of st. Paul during the ono month. Money
continues easy at the banks and the lenders on mort
cages continue to offer low rates to long or short
time borrowers or first class securities. Government
securities are sold by the banks at New York quota
tons of the day and are bought by the same at 10
&c less. H. -
est was the frmness of prices for grains and
feed, the demand for which has, for day or two,
considerably exceeded the receipts. Some dealers
were inclined to advance corn lc, but the majority
opinion was In favor of steady prices. Minnesota
onions of last years crop are about out OF market
and the new Southern crop held so high that deal
ers hesitate to order them. The supply OF new
Southern veget sbles Is quite large and dealers are
busted with free orders from town and country.
Choice kept apples are scarce at quotations, but
little inferC qualities are offered at 6Oc under The
supply will soon be reduced to boxed apples. -
The successful English waiting policy as regards
wheat is matched by the falling of in consumption
in America of iron, cotton and other goods which by
combination had been forced too high The iron
trade especially, has suffered from prices going so
high as to limit consumption and already the western
Pennsylvania papers reporting the cessation OF
production in the stoppage OF furnaces and mills.
If it were not that most Of the producers are work
ing on advance orders, a speedy readjustment OF
prices might be expected which would soon be fol-
owed by increased consumption.
The Chicago Economist presents mass of
figures going to show that Chicago is the greatest
1i11,, harY1 oark of world.
supplies of other principal lumber marts, like Min
neapols and ST. Louis, are decreasing, that OF Chi
cago is rapidly increasing: But the EG0n0naist
does not take into account the changes in the lum-
Der trade OF the West which the railroads are max
ing. We only advise It that St Paul is already
among the principal lumber supplying points, and
that within five years it will become the first ON e.
The Chicago and Milwaukee markets for wheat
we're unusually steady yesterday and closed strong
without any material decline. New York was strong,
fairly &C i've and closed st small advance Liver
pool and Mark Lane were quiet but steady. Tn,
Chicago provision market ruled strong and steady.
New York dispatch of last evening says: 1.-THE
dry goods market quiet to-day, with little, If any
Improvement in demand for cotton goods at first
hands and most other fabrics continued in light re-
quest There was rather more inquiry for job lots
of fancy prints by large buyers, but the views OF
hold and buyers as to price differed so widely that
comparatively few sales we're reported Ill that con-
necion The jobhing trade remains quiet as regards
domestigs and prints, but department goods moving
in fair quantities" =
Boston Post for April ": "Hoolen goods OF an
classes are fr though business is light it usual
" is with wholesale dealers at this corresponding
season of the year. There are no indications that
prices will be lower than ruled during the spring
trade. The high rates at which woods recently sold
in England by auction seem not only to indicate that
prices of woolens will be sustained, but that further
advance may be reasonably anticipated by wholesale
and commission dealers. Thus, the present outlook
to all those interested in the sale of wooens is full
of hope The present u in trade is to be attributed
to the time in the rather than as being omin-
GUS of depression in prices Cotton goods not as
firm as wooden goods owing to the low price of cot
TONS The stock of goods in the hands of commits
sion dealers rather light and manufacturers of both
cotton and wooden goods are active"