Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-05-19

York selling at a per cent. premium aud Stsr.
ling small bills at o.. 80. Government bonds
arc sold by the banks at New York quotations
of the day snd are bought at 1l01E less, viz:
Coupons, 1881. lO63s 90 1869
New 5s coupons. ............. IUZ%z(G lUZH
New AIS, coupons. ............. lU9 nlO9H
New As coupons. ............... lUI WIO7M
Pacific 6s, 1895. ................ l25slMl
The bank clearings of New York and other
principal cities continue much larger than in
cast years, showing that greater volume Of
money than ever before is employed in business
and speculation.
While the surplus revenue Of the United
States government is likely to amount this
year to $50, 900, 900, Great Britain barely man
ages to make both ends meet, and ibe con-
tinentsl governments of Europe, excep; France,
are yearly deficient. IL this we're not presl-
Dental election year. the time would be favor
able for revision of tax laws in favor Of The
people of the United States.
The dry goods jobbing trade has teen good
in st. Paul the past week. Country dealers
are buying freely of all kinds of staple goods.
There has been quite a decline ia prices on
light work prints. The prices in our quotations
to-day on all standard prints are for Madison.
DARK work and the very light work is jObbed
for about &c per yard less. Manufacturers
| are clearing out their spring productions, and
in their doing there is very large lot of
bad styles of prints thrown on the market at
the end of the seasan for the jobbiDg trade to
work off at reduced prices. This is nothing
new with the trade. 1t is yearly occurrence
about the 1st of June. Prices are firm on
ginghams cheviots, denims, ducks, and in fact
all cotton goods of general use. American
dress goods of all kinds are in good demand at
the highest prices asked by fhe makers
the past season. Everything points to
rad mr.
the coming season. Manufacturers jobbers
and retailers are all feeling we'll over the bust
ness of the past six months, and have no
doubts but what the coming summer trade will
be equally good.
New York dispatch of last evening says:
1.-THE cotton goods market remains quiet, and
bleached cottons unsettled. Prints quiet IN
first hands. Ginghams, lawns and wide prints
| in fair request, and best makes firmly held.
Fancy cassimeres and worsted coatings moving
steadily On account of old orders, but current
business is light. Foreign goods quiet
The late annual report of the secretary of
the Silk Association of America, after present
ing statistics going to show that the produc-
ton of the silk mills of this country has in
creased to about double that of two years ago,
states that the raw material costs III per cent.
| more than in 1878, and 81 per cent.
more than in 1877. There has been .
sharp competition in the servings aud twist
trade, the effects of which shown remarka-
bly, in the fact that while in all other branches
of the silk industry the number of concerns
| engaged has very largely increased, in the SOW
ings and twist manufacture it has remained
stationary-only one new firm having been
| started, while one has succumbed TO misfor-
| tune. In woven goods the conditions of the
market have not been quite so severe. The
prices of silk goods have not, however, been
advanced in common with all other productions.
Tf se sxnIa TOD hat Nha oralr
of prices obtained for woven goods is cent.
less than at this time last year, while labor and
raw material are more costly. The orders have
| been large In all branches of the business, and
the mills have been kept actively at work.
Fashion Ehas required elaborate designs and
| finer goods, entailing frequent alteration of
machinery and constant improvement in man.
| ufacture."
| The wholesale grocery trade of 81. Paul is
| kept up by the frontier demand fer supply of
new settlers and is at this time quite up to the
| prOport. ons of early spring trade in former
seasons, though much less than the early trade
of this year. few changes are made this
week in quotations of canned goods aud dried
fruits. The provision trade of this city is so
divided among the grocery, produce and pack
| ing houses that it is difficult to make accurate
quotations. but the trade appears to be large
| and to be developing into distinct line OF
traffic.
in the drug trade and also increased dis
count on window glass.
Iron and steel appear to be firm at the lately
reduced quotations with prospect of steadi-
ness in values for some time to come. Hard
ware is also generally steady in prices at the
late reduction. Males, however, are again
marked down 80 cents per keg.
The extreme quotations on Buffalo slaughter
and oak sole leather. are marked down, narrow
ing the range of prices. In the boot and shes
trade values are firm and unchanged.
Strawberries are plentier and selling at S4@
$3.50 per case. Southern and Minnesota early
vegetables are also more plenty and selling at
lower prices.
The grain aud produce trade of the city con.
tlnues active without material change of prices,
except that mill feedis cheaper with lesseDing
demand. Elevator was loading cars yester-
day with oats for the Northern Pacific country,
corn for the East by way of Duluth, and wheat
for Minneapolis mills.
Regarding the wheat trade of Milwaukee and
the grain movement generally, Messrs. Chand-
Ter, Brown & Co., Milwaukee, in their weekly
circular say:
'There has been a material decaease in the
volume of business for future account, opera
tors generally choosing to await further devel-
Opments of the clique manipulatiOns before ex-
tending their lines. There has been fair de-
mand for cash property, both for local mill
ter has been somewhat restricted through lack
of freight room, and considerable outward
movement of stocks may be looked for as soon
as the grain feet now bound up the lakes, ar
rives At seaboard points an increased volume
of usiness was reported, shipments of wheat
on foreign orders footing up 2,250.000 bushels
against 100000 for the previous week.
The weather throughout the north
west has been more favorable.
being cool and with another week
of the same the spring sowing will have taken
a strong. healthy footing, and will be less lis-
BILE to injury from extreme heat or drouth. Re-
ports from the Southwestern States, though
meagre, are still of an unfavorable tenor, es-
peoially from Kansas, where many fields have
bern ploughed aud replanted to corn. Receipts
here show change. averaging about 81, 900
bushels daily against 81 900 the previous week.
68, 900 same week last year, and about 81, 900
for the same week in 1878. The total receipts
at spring wheat points for the week were SOL
7l0 bushels, as against 442, 900 the week before,
725,0O0 same week last year, and $500 bush
els for the corresponding week in 1878"
With reference to pig-iron, the New York
Commercial List says: Speculation has re-
ceived very severe lesson, and it will not be
imm ediately forgotten. The trade, for some
time at least, will g suffered to rest upon that
best of ali foundations-supplya and legitimate
demand. Iron will be produced at lower cost
labor is accepting the situation with much less
friction than usual, ore Is steadily declining,
and fuel must follow the same course. But
even at the lower prices that have been accept
ed for ore, makers Of iron maintain that they
cannot meet the market at the prices now nom
inalIy current for their product, and many
furnaces in the neigbOrhood of Pittsburg and
west of that city are suspending work, and
some this side of the Aleghanies are talking of
blowing out. and it is believed that some small
concerns will have to do so. With this cur
tailmcnt in the output, aud greatly lesseRed
importation which must follow the low prices
now current here, the future of the metal
promises greater stability"
The latest yard quotations of lumber at
Chicago include the following. the inside fig
III, fyH.