Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-01-28
ST. PAUL TRADE.
Weekly RepietU Of the st. Paul Markets.
OFFICE OF THE GLOBE,
ST.. PAIL, ,Ia1, 81 1890. [

ST.. PAUL, Jan. ~, 1880.
A notable increase is reported in the volume
of trade as compared with the preceding weeks
wholesale and jobbing houses ha, been charac-
terized by renewed activity. The advance notes
of the ensuing spring movement is already ap-
parent in the elaborate preparations going for
ward to meet the requirements of what will no
doubt be an extraordinarily extensive trade.
A cheerful feature of the situation is the
perfect confidence observable as existing be-
tween the extensive dist ibuting dealers of the
city and outside customers.
The usual enterprise has existed at the
wholesale and jObbing houses to secure the
largest amount of patronage, and with few ex-
ceptions, the confidence reposed has neither
been misplaced nor regretted.
Those who have been accommodated with
time favors have manifested unusual prompt
uess in meeting their obligations at mature
ment, and collections are made with the utmost
satisfaction
The volume of business for the current
month is reported as almost double as compar-
ed with the corresponding period last year, and
the prospects for steadily increasing trade are
very favorable.
The leading grain markets have been fairly
active during the week, but with adverse adj
vices from the seaboard and intermediate
points the wheat market has ruled lower with
q decline OF 1904 cents per bushel from last
weeks quotations. A concerted and success
full effort has been made at Chicago to 'bear'
the market, and in the absence of the strong
speculative demand which has recently existed
values have undergone material decline.
1t may almost be regarded as a foregone con-
clusion that this condition of things will re-
suit favorably to Western shippers. The fact
80 I,nf xx,rkL 90 &c.
including all the trunk lines from the lakes to
| the seaboard, and a movement on the part of q
few extensive operators 20 "bull'' the market
for purely personal and speculative reasons,
the accumulations of wheat at Milwaukee and
Chicago were becoming enormous, while the
export demand had almost fallen to zero.
1t will be seen that when the channels of
trade are again cleared SO as to permit of full
and steady movement ion export account, the
market will naturally recuperate, and whatever
advance is realized will be reliable and healthy.
The receipts of wheat at st. Paul during the
week have been very meagre and values are
firm at quotations, the demand being exceed
ingly good and healthy.
The receipts Of corn and oats have been more
liberal then for the weeks preceding the offer
ings of corn being such as to create slight sur
plus, while the inquiry for oats is such to
absorb all offerings. Values have ruled firm
for oats, while slight decline is noted in the
market for corn.
The provision market has been noted for
moderate activity with good enquiry for all
description of products. The receipts of
dressed hogs have been quite liberal and val
ues have undergone slight decline since last
weeks writing. The tendency of the market
however, is III favor of an advance, and with a
few days of cold weather values will undoubt-
eddy move in the direction of an advance.
An active trade is reported at the leading
grocery houses with no marked change in
values. with the exception of sugars, which
have ruled weaker at slight decline. Business
at the leading dry goods establishments has
been fairly active, and dealers report an extern
sive trade for the month as compared with
January of 1879. Prices have ruled firm and
higher, with prospects of further advance.
The hardware trade has been fairly active,
and dealers report very satisfactory business.
The ''boom" in prices still continues, and q
further advance is noted, as observed by the
revised quotations.
The drug trade has been good, and dealers
| report an extensive patronage, while prices are
firm and higher.
fair movement has been enjoyed by the
dealers In boots and shoes, who report an in
creasing inquiry for seasonable goods, while
stocks are now in readiness for the spring
trade. The demand for leather and findings,
hides, furs and wool has been fairly active,
with no material change in prices.