Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-07-14
THE STATE OF TRADE
General Review of the st. Paul Market
Wheat Prospects-Chicago and Mllwau-
kee Markets Weakening-stock Market
Steady and Fairly Strong.
ST. PAUL, July IL.

kee Markets Weakening-Stock Market
Steady and Fairly Strong.
ST.. PAUL, July II.
At the banks and throughout com mercial cir
c,es in St. Paul there is no material change of
conditions within the past two weeks. There
is good demand for money, we'll supplied,
mainly on account of the large building i'm
provements going on in the city. The dry
goods trade is between seasons, occupied only
with orders for keeping up country stocks.
The grocery trade keeps up to large proper
tions for the season. few changes of prices
are noted, dried apples and Holland herring
being cheaper, sugars being settled at &c under
the prices given last week, and Lisal cordage
being again reduced 10, while Manila is adj
vanced the same. Changes of prices
are marked by our leading drug house
in gum Arabic, spirits turpentine,
lard oils, inspected carbon oil, and white lead.
The iron trade marks down common iron 25c.
The hardware trade continues large for the sea-
son, with prices generally steady. Nails are
settled at the card rate of 1923.
Produce trade is of course limited at this
season of the year. The millers are taking all
the wheat in sight and paying round premium
to hold it from being shipped. Corn is worth
here. 10 more than last week. Oats steady.
Barley scarce and firm. Flour steady. Rye
hour advanced. BuLcnerS are uemhnUlL&
concession from late prices live stock.
Hides, ETC., steady. Wool Unchanged. The
butter trade is improving and prices are q lit
| tie frmer. The fruit trade is limited by the
| unfavorable weather, late receipts OF
peaches, tomatoes and small fruit
1 being about spoiled by the heat. Good ship
| ping qualities of apples sell at 2.00@2.5 80 and
blueberries in good condition sell at %. seq
| 2 rs per bushel. The Minnesota and Wiscon-
| sin crop of blueberries, when it begins to come
| into market will improve the trade. New
| potatoes, from the South, are selling at 81. 90
| az 50 per barrel and best Southern onions at
$3. 50@4. 90 per barrel.
| Under more favorable crop reports the lake
markets weakened on wheat and the pork deal
at Chicago weakened in sympathy with the
wheat. The reports we have from Minnesota
and Northern Iowa, though more complete, are
| not more favorable than last week. The evil
| dence ia cumulative that the wheat of Northern
Iowa and Southern Minnesota ia generally in
jured and in some extensive districts Is re-
duced to the promise of very small yield.
| Throughout Central Minnesota the wheat is in
. critical condition. but with favorable
weather from this out promises an average
yield. The weather of the Last five days. until
yesterday, was quite unfavOrable but the dry
| ing breezes of yesterday may have prevented
any harm. In Northern Minnesota the prom
Use of the wheat fields is generally very good.
|
Dakota, especially along the line of the North
er Pacific, the wheat prospects are reported ex-
cellent. The grain dealers of this city contln-
ne to receive advices of the most trustworthy
character confirming their estimates of last
week that the wheat crop of this State Will fall
not less than one-quarter below the average.
There is, however in all parts of the State,
an increased acreage under cultivation and in
those parts of the State where wheat has sui
fered most there is greater proportion of the
land than heretofore devoted to Other
crops. These are all doing we'll. Oats, barley
rye fax, corn and all root crops promise large
yields, and with favorable weather for curing
the hay crop will be unusually heavy. The
farming interests of the State and the chief
interests depending on the prosperity OF the
farmers are much less than ever before depend.
emit upon the principal crop of the State, AND
though the loss would be heavy in the aggre
gate, it is not to be imagined that partia
failure of the wheat crop will necessarily re
suit in dull times.
New York dispatch of last evening says
stThe dry goods business is moderate with com
mission houses and quiet with jobbers. Cot
ton goods in irregular demsnd. Prints te-
main quiet. Kentucky jeans moving NOR
freely and cloakings are in better demand, bu
clothing waolens are sluggish. Shirts ane
drawers doing fairly. Foreign goods quiet"
Yarns and fabrics at Manchester frmer; an ad
vance la asked but none established.
The immigrants who have landed at Castle
Garden, New York, during the first half O
1880, number 1T 1862, against 55,9l9 in thu
first half of 1879. In 1878 the total of immi
grants landed at all ports of the United State
for the year WAS 459, 803-the largest humble
of any year in the last decade. That numbe
will be considerably exceeded this year. Owe
three-fourths of the immigrants of this yea
have come directly to the West.
writer in the International Reyie'D give
startling figures, showing the growth of Ameri
can agriculture. In 1865 our wheat crop wa
1858, 600 bu; in 1879, 44S. 756, 900 bu. Corr
in 1865 was 704, 427. 00) blu and in 1879, 1854,
000, 900 bu. Within thirty years the corn cen
ter has been Transferred from the middle state
to the West. The tobacco increase has, OF
course, been in the southern states. Within
the same period the cotton crop has increased
from 3,0l2, 900 bales to 5,216,U00. Arkapsa
and Texas are the largest gamers from the in
crease in cotton.
The Chicago lumber market continues stead.
with an active yard trade. The dock quota
tions for incoming cargoes Saturday were a
follows: