Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-04-14
CASH AND COMMERCE.

CASH AND COMMERCE.
The st. Paul Outlook-Money Easy-Gro-
Gerry Trade BOoming-Other Trades Fair
to Large for the SeasOn-Large Movement
of Coarse Grains-New York Money Mar
ket Easier and Stocks StrOng-The Bottom
Reached, ifIt Hasn't Dropped Out, of the
Downward Turn on Wheat.
ST. PAUL, April IA.
At the banks of st. Paul during the week past
there has been no feature of strngency. The prin-
cpa business has been in discounts for which there
is an ample supply of money. For mortgage loans
there is also an ample supply of money in the city
and rates are easy, varying from to 10 per cent,
according to the time and locality and character of
the security. Government securities are sold here at
New York quotations Of the day and are bought as
follows:
coupons OF 1851. ...,...........-....1 O5% Q1O59s
New 6s, coupons .......................1 03 Dl03M
New AIS, coupons. .................108 1881 011085a
New As, coupons Observation-Disclosures. I069s601O6X
Pacific Is of 1895. .................l2 1N00l2l%
The collections at the internal revenue Office in this
city yesterday amounted to $4,000.
The wholesale trade of the city continues very
large for the season. Exceptional circumstances
have brought in large number Of buyers of dry
goods, seeking special bargains, but the regular trade
does not appear to have suffered thereby. The gro
Gerry trade is fairly booming. being fully equal at this
time to the best part of the fall season We give
this week very full price list, which will be carefully
revised each week. The drug trade is fairly active
and prices as rule show some tendency towards ad-
vances. There are many changes. Spirits turpen-
tine Is decidedly lower, also balsam Peru. Amer
lean saffron is at nearly double last fall prices. Opium
and morphine frmer. Oils wntergreen
lemon and tansy are higher, especial
ly wntergreen and tansy. Tonka beans,
camphor, cream tartar tartarc acid canary seed and
basam copavia are all higher. Window glass is firm
at the advance of last week. Glover and timothy
seeds are frmer. The trade in hardware ETC., is
good for the season. with declines in butts hinges,
nales tin plates and common sheet iron to be attri-
buted more to the disposition of dealers to work off
their large stocks than to the influence of eastern
changes of values. There is good trade in boots
and shoes and leather and findings, with prices firm
throughout.
The trade in grain and produce has been uniform
in character for two weeks, the chief movement being
of coarse grains and feed, for which there continues
north aud west. During the last seven days about
$4,000 busheh of corn and oats have
been shipped out on the Northern
Pacific and st. Paul & Manitoba railroads. The
receipts from Iowa and Nebraska have been liberal,
but the demand keeps prices steady. Bran is
and higher. Very little wheat is coming in and
none is going out except choice lots purchased for
seed. Butter is steady, with choice creamery and
gilt edge dairy in demand at exceptionally high
figures. The butchers are taking what dressed
meats come in-beef at 3a@t1a, pork at
$52505.35 and veal at 7c. The latter is and
wanted, while live calves slow of sale from being
received usually in poor condition. Eggs were yes
terday steady at quotations, having dropped &c dur
ing the week. The market is well supplied with
fruit. Choice apples sold at 81 .751S5 so;
oranges, $5.OO1S5.5O; lemons. S5.5O@s6.5O; ba-
nanas, S3.500S5 90; dates, 90D10c; layer figs,
13016c. The demand for grass seeds is unusually
heavy and prices are firm Buyers of hides, skins
futho ta Lotto
weakness of their Eastern markets. Receipts of
live stock are light. Pork and other hog products
are little lower than last week, but stocks are
light. Hay Is steady with the demand well supplied
New York dispatch of last evening says: "The
dry goods rackage trade in cotton and wooden goods
continues quiet but prices of leading makes remain
steady and stocks are well in hand. Prints very
quiet, but agents prices are unchanged. Ginghams
are in steady demand, and printed lawns and piques
in fair request. Hosiery and knit underwear less
active but firm in prices :"
Wall & Bigelow's St Paul circular of last evening
commenting on the days operations in Lake Michi-
gan, New York and Liverpool markets. says: "Wheat
opened at about yesterdays prices and ruled steady
until the middle of the session. when the bot
tom dropped clean out-selling down to SLIP May
aud S110 June, Chicago and S1.l1M May and
S1.10Ls June, closing unsettled and weak
at about these figures. 1t is thought considerable
long wheat was sold out this morning. "The clique"
is reported to have sold early and to have been buy
ing back on the break. The New York wheat market
was heavy and lower. Taken for export to-day 200-
UUU DusnelS. Liverpool steaoy. F1oatlng cargoeS
quiet. On passage higher prices asked but no adj
vance established. Wheat afloat for the continent
increased $4,000 bushels. At Chicago provisions
were weak in sympathy with wheat. Packers were
more inclined to be bulish. Several of them are
pretty vel, loaded. Armour 4 Co. are supposed to
own all the meats, but the market does not show
much strength yet and it is thought packers will
make no attempt to advance prices until next month.
However, that will depend very much on the state of
the wheat Market
The near approach of the shearing season for this
latitude make the indications of the wool market of
considerable importance. The Boston wool market was
rather quiet all last week, with the needs of manu-
facturers temporarily supplied and the supply of
foreign increased by the arrival of two cargoes of
Australian, which had been sold to arrive but were
supposed to be lost at sea. Large immediate sales
of domestic woods it was thought could not be made
without reduction of prices the part of holders
But the latter were not inclined to concede any
thing, and Interpretations of the season being at
end they expect to obtain full prices as the
accommodations of foreign woods are worked off
The first lot of New California arrived Saturday and
was held at 40c. No. Ohio feeces sold at 620D6Ec.
Great mortality from the rot has lately occurred
among the sheep hocks Of the principal sheep-grow-
ing districts of England, and serious approximations
have been felt about the next clip. The hvers of
the sheep said to be filed with live insects sup
posed to be taken with their food and to be caused
by the immature grass of last fall-the result Of
long-continued wet weather and lack of sun.