Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-02-18
ST. PAUL TRADE.
WeeEly Revietc of the st. Paul Markets.
OFFICE OF THE GLOBE,
CIR pam Fob II 1897 (

OFFICE OF TIE GLOBE,
ST.. PAUL, Feb. II, 1880.
moderately active movement has charac-
terized the jobbing and wholesale trade during
the past week, and the volume of legitimate
business transactions is slowly on the increase.
Generally considered there has been no especial
Iy notable developments, and sthe situation is
marked rather for uniformly good and decid-
eddy prosperous feeling, which is buoyant with
hope at the prospects of large and remunera-
tive trade during the ensuing season.
As compared with preceding weeks of the
season, the wheat market has been tame and
sluggish, with no marked fluctuations in values,
which continue to rule firm at last weeks quo
tations. The offerings OF wheat have been
light and the impression prevails that the
great bulk of last years crop has already been
marketed. The elevators have commenced to
release their stores, and shipmente of grain are
daily made to the seaboard 1t is estimated
that 30 per cent. of the crop of 1879 is still in
the hands of producers, while the supply of
wheat in sight still exceeds thirty million
bushels.
The liberal downfalls of rain since the COM
mencement of winter in the winter wheat
growing States, together with the favorable
weather since the first of November, has led
to the belief that the prospect for an
exceedingly large crop of winter wheat for
1880 is far more encouraging than at the
corresponding period last year, and with warm
rains in the spring there is no occasion to in
dulge in foreDodings about the damage to the
crops by frost.
The pernicious practice Of sowing poor Seed
to the effect of which is largely attributed the
failure of the crops in Ireland and the conse-
quent suffering in that country, should teach
the grain growers of the west salutary lesson
in this respect, IS it should be realized that
change of seed and rotation of crops
is the surest precaution against I'M
satisfactory and unremunerative results.
more liberal policy is reported with regard
to the movement of wheat at the seaboard and
intermediate points, and the vast quantities of
wheat in store at Chicago and Milwaukee are
commencing to move slowly forward The
export demand has recuperated to some extent
while British operators continue to exert a
bearish influence on the market, and the in
quiry on export account is pitifully meagre.
The quantity of wheat in sight is 1880, COO
bushels, showing gradual reduction, but the
foreign demand is yet far from satisfactory.
The flour market has been quiet and millers
have shown no disposition to operate, the fact
being that the margin has been such as to make
the manufacture of -four a downright loss, and
while there is no prospect of their labors meet
ing with pecuniary reward the market will
naturally be quiet and sluggish. The receipts
of corn have been liberal, and with q moderate
inquiry values have ruled weak at former
quotations. The supply of oats has been more
liberal than for the week preceding, but with
brisk inquiry values have continued to rule
firm as reported.
The provision market has been moderately
active, but with liberal receipts of hog pro-
ducts values have ruled weak with the ten
dency in the direction of decline.
The iobbers in groceries have enjoyed a
liberal patronage during the week and several
of the staples have undergone decline, the IT.
duction being most noticeable with regard to
sugars.
The hardware trade has been fairly active
and values have ruled frmer and higher, nails
having undergone further advance.
The demand for seasonable descriptions of
dry goods has been fairly active and values
have ruled firm and higher, as observed by the
revised quotations.
The drug trade has been fairly active, with
no marked change in values which have ruled
easier.
The movement in boots and shoes has been
fairly active with no change in prices.
The market for hides, furs and wool and
leather and findings has been quiet and values
have continued to rule steady.