Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-04-23
BUYING AND SELLING

Monotonously Steady Thing In st. Paul
The Need OF Produce Exchange In
Our City-The Lake Wheat Markets
Stronger-New York Active and Stronger,
But With Small Exports-Provisions
Higher-The Stock Market Weak.
ST. PAUL, April %.
In monetary and commercial affairs at st.
Paul there is a sameness of the daily reports.
There is an evenness to the banking and money
lending business which is almost exasperating
to the seeker after news, and among merchants
there is steadiness as to prices which is also
aggrayating. Money is easy with healthy in
quiry; discount and loan rates are steady;
trade is extra good for the season, and the only
notably active feature of the produce market
is the shipment of coarse grains north
and west. With rare and minor
exceptions that has been the
substance of commercial reports here for two
or three weeks past, and it is again correct as
to yesterdays traffic. But the reporter is in
hopes that he will have to chronicle number
of changes Of values during the coming week.
An early change is anticipated by dealers in
corn and oats; and as the Eastern markets
settle down to spring values this market will
have to follow-especially on provisions.
Every day presents the need of produce
| board in st. Paul, and the only wonder Is that
one is not organized forthwith, since nearly
every dealer acknowledges the need. As it is
now sellers and buyers are working in the dark
that is, without the information they ought
to have regarding supply and demand; for
there is no one house that can safely be q
guide to itself as to these most important con-
ditions of trade. The grain. provisions and
country produce handled here last
year amounted in value to several millions of
dollars, and the trade of this year promises to
| be at least 30 per cent. greater. With increas-
ing facilities constantly extending tributary
country and fast enlarging markets, these lines
| of trade in St. Paul may be doubled within q
year. But the country buyer for shipment to
| st. Paul, and all who are connected with the
traffic, need more reliable and fuller informA
ton as to the condition of the market than
they can now obtain. And to make the mar
ket good one, which will attract cOnsign-
ments and orders, it needs to be protected
against the uncertainties of values attending
the present lack of association among dealers
The commercial reporters, for their part, would
be glad to have the opportunities board OF
trade might afford, of verifying quotations by
actual transactions-which would protect them
from misinformation, such as has led a cotem
porary to quote eggs for week or more al
7@715c, although none have been sold for lesI
than &c.
Wall 4 Bigelow's st. Paul circular of last
evening, referring to the Chicago wheat deal
says: "a great many local shorts have COW
cred. The market is enormously oversold for
outside account, mainly the winter wheat Sec
tions. The crowd were trying hard occasion
ally to break the market. Think the clique
inclined to hold on weak spots and gotten
through fooling." The same circular also
says: Provisions active and higher. The
Whole deal looks better. good many strong
bears are about out out of the short side, bat
some of the grain men are still largely short OF
pork"
The following are the comparative prices il
New York, for four years, of the commoditie
named:
April 10, April 10, april 10, April 19
1877. 1878. 1879 1886
No. spring wheat. 81 Ct 81 25K 81 90 81 2