Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-04-06
COMMERCIALAFFAIRS

An Easy Money Market Here--A Little I'm
provement at New York--The Produce
Trade of st. Paul Prosperous--Prospect-
i've Prices Of the New Wool Clip-Summer
Pork Packing--The Impudept Quinine
Makers--The Great Increase of Steel Pro-
ductiOn--Dun but Steady Wheat Market,
With Small Advance from Saturday.
ST. PAUL, April g.
Business at the banks continues lively with
money easy and exchange rates, official, IN
changed. Government: bonds are sold at New
York quotations of the day and bought at NO
II per cent. under. The mortgage loan agencies
continue abundantly supplied with money and
are offering low interests and favorable terms
on first class property.
A New York telegram of last evening says:
1.-The cotton goods market continues quiet and
steady. Prints in light demand at unchanged
prices. Ginghams, lawns, piques and wide
prints in fair request. Dress goods less active.
Mems wear woolens quiet and firm, and agents
making liberal deliveries on account of former
orders. Foreign goods quiet.
The St. Paul produce market rules steady as
to prices, with an increasing volume of bust
ness and exceedingly favorable prospects for
the spring and summer trade. Wheat is NOM
inally unchanged, with light wagon receipts
and but little moving by rail. The trade in
coarse grains is quite lively and prices firm.
The demand for extra to choice qualities OF
butter is far from being supplied, but the de-
mand for shipping grades is dull. For eggs
dealers paid yesterday 14@15c but such prices
cannot be maintained and a decline may be
expected to-day. The market is we'll supplied
with fruit and other seasonable articles, except
trout.
The Boston Posts wool trade review of
Thursday last represents that the American
buyers have bought all they could of foreign
woods, which Gamble substituted for American
wcols, and yet are scantily supplied, while
there is only q small balance of the old Ameri-
can clip on hand. Two cargoes of Australian
wool, bound to Boston from Melbourne, have
been lost at sea, and as these cargoes were most
ly bought to arrive to cover manufacturers
contracts for goods not yet made up, their loss
will stiffen prices The new clip, frat In mark
ct, therefore, will doubtless bring good prices.
Values here, however, cannot be stated until
about the opening of the Minnesota shearlng
season.
J. l. Case & Co., of Racine, Wis, have sold
800 ploughs to Manitoba dealers, the firm pay
ing the import duty of twenty-five per cent.
The summer packing of hogs has greatly in
creased in the West since 1871, when only $780,
600 hogs were packed in the summer season.
The increase has been steady, year by year. up
to 4, 051, 900 hogs in the eight warm months of
1879, of which LOGO, 900 were cured at the so
called interior points, outside of the six prin-
ciple pork packing cities. The tendency is to
further increase of the business at interior
points, especially In sections where ice Is gen.
orally available, at minimum expense, having
in view, likewise, resources for supplies of
hogs. This summer curing business Is having
q large influence in revolutionizing the yearly
packing and provision business of the country.
The four quinine makers of the United States
are loud and persistent in their demands for
renewal of the protective duty on that drug,
which amounted to about $750,OO year to
them but paid no revenue to the govern ment.
Thew say the removal of that duty has ruined
their business, but their trade circulars affirm
that their business is all they can attend to.
Any Congressman who cntertains their impu-
dent demand for protection ought to have the
shakes" forever.
The secretary of the British iron and steel
association publishes a tabular statement of
the production of steel in 1870 and 1878 in
Austria Belgium, France, Germany, Great
Britain, Russia, Sweden and the United
States, showing a total production of 572.-
O54 tons in 1870 and 2,797, $50 tons in 1878
an increase of 1925, 466 tons, of which 72S.000
tons was the increase of the United States
product and 775 600 tons the increase Of Great
Britain.
The Chicago and Milwaukee wheat trade was
dull but steady yesterday, prices at the open
ing being little higher than on Saturday, and
considerable firmness being manifested at the
Close Wall & Bigelow's St. Paul circular, of
last evening" says: The situation remains
the same. There is undoubtedly very large
line of shorts on wheat for May, especially in
Chicago, while the New York clique is reported
still owning ahOut all the wheat The
future course of the market depends much on
the weather, and the action of the clique, but
the present prices seem reasonably low in view
of the foreign demand and the contingencies
of crop prospects"