Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-04-21
THE BUSINESS WORLD.
Lively Fluctuations In Grain Yesterday,
Closing at an Advance-Other Products-
The General Jobbing Trade in st. Paul
Large Country Orders.
ST. PAUL, April 20.

ST. PAUL, April 40.
moderately active movement is reported at the
local banking institutions, although the situation has
undergone no material change since the last issue
The demand for money is good and responsible bor-
rowers are rapidly accommodated. The opening of
spring business, together with the inauguration Of
improvements incident to the season has given an
added i'm petus to financial matters and the money
market has been decidedly active. Discount rates
steady and exchange rates continue as previously
rated The real estate market is active with an
usual number Of transfers. and thu prospects for in
creased activity are extremely favorable.
Business In the several branches of mercantile
trade is exceedingly good. The VIII lesale and job
bling houses report an active movement, although 9
slight decrease Is noted In the volume of trade,
regards several departments, when compared with
the week preceding.
The grain market has undergone marked decline
since last writing. Prices at the seaboard ami
intermediate points have experienced marked de-
Cine and the Eastern markets thoroughly de-
moralized The decline In wheat is most noticeable
the price Of this cereal having dropped several cents
per bushel within the past few days. In view of this
condition Of affairs, and with prospects of still fur
her decline, buoynncy In the local market is not to
be expected. The receipts Of wheat have been very
light and with prevailing prices shippers not dis
posed to forward their grain East. With No. wheat
at So cents per bushel in st. Paul. farmers manifest
desire to forward their wheat, and light offerings
may be look for until change takes place for the
better 1t is estimated that there Is In store ut the
several elevators about 400 00U bus of wheat and
marked dininishnent is looked for In the near fu-
ture
Wall Bigelow's st. Paul circular Of last evening
says: "Wheat opened weak at a7out &c to Nc low
than yesterdays closing in both Chicago and Mil
waukee markets ruled unsettled and weak the first
part of the morning, selling at about $106h to $l07
Chicago, 81 021a to 81 03 Milwaukee for May. Re-
acted from that point going up In Chicago to $l08$
May, in Milwaukee, 81 Os% May; broke sharp again.
selling down to 81 OK May, Chicago; $1.O41 May,
Milwaukee,; reacted again, going steadily up and
closing strong; Chicago, 81 O9 May 81 O6% june
$1.0IA July; Milwaukee, 81 06E May, $1.06H June.
Liverpool, market depressed, ID lower. Later, En-
glish cables reported shade stronger"
The market for oats has been noted for its unusual
activity. The receipts are large but with active
trading values continue to sell steady The demand
for corn has been active, but not so healthy the
inquiry for oats. The provision market has been
fairly active with good inquiry for hog products
the receipts for dressed hogs being light and prices
ruling high 1918 per cwt. The receipts Of pro-
duce have been liberal. Poultry has ruled steady
and eggs are in good demand at sac cents per doze
for fresh laid The feed market has been fairly ac
tive and values continue to rule steady.
The wholesale grocery trade is active, and prices
generally steady, several changes taking place
noted In the revised quotations.
Business at the hard vare establishments continues
active with no marked change in values. The de-
mands for boots and shoes, leather and finding Is
good. with change In values. The movement IN
hides is Light, and the market favors still further
decline.
The drug market is active and sales increasing In
generally little dull.
The tendency OF the market Is toward advance
although spirits turpentne have rapidly declined
and lard oil lower Spirits turpentine went up 7c
In single day about month since, and down Ice
at Jump more recently; is very unsettled now.
HOl lemon, wintergreen, wormwood, etc. advanced
Opium and morphine higher and may still advance
Glassware again advanced and window glass higher.
Timothy seed scarce and firm. Glover little higher
below.
The MANI friends of Mr.. Robert Bethune will be
cad IN ha 10 In
Cutler and at home again In st. Paul.
at this writing strange as 1t may seem, the job
bers of staple dry goods many articles are plac-
ing values below that fixed by manufacturers and
commission men. This to q great degree arises
from the fact that the jobbers were in the market
early and made large purchases before the great ad
vance in prices on staple goods.
1t ia q fortunate fact for the St. Paul dry goods
obbers aad their customers that the former had Sc
cured the largest stocks before the great rise that
we're ever brought to st. Paul. and from the liberal
purchases the country dealers are making and have
for the past ten days. licences that they are enjoy
ing their full share Of the profits Of the early pur
chases.
The jobbing trade of st. Paul has never had 90
positive show for great distributing center the
present business season. in fact 1t has removed al
doubt on that point.
The country trade say they can find everything In
ST. Paul that mercantile wants demand. And by buy
ing in ST. Paul they save time and freight expenses
New York dispatch of last evening says: "The
dry goods business is very quiet to-day owing partly
to rainy weather. Cotton goods market unchanged
and prices remain steady on leading makes. Prints
quiet in first hands. Ginghams in fair demand aud
well sold up Lawns in steady request. Cotton
dress goods doing fairly. WOODEN goods quiet and
| firm,