Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-04-28
TRADE REVIEW.

| UNDERWRITING Hardware Men on Nails
| A Chicago Mars Impression of the Sprini
Trade of st. Paul-The Lake Whea
Markets sickIy Agaiu-Fuu TeleGraphi'
Reports of All Leading Markets.
ST. PAUL, April 81.
Business at the banks is good for the season
but diminished from two weeks ago by th'
usual falling off of remittances from the coun
try attendant upon the seeding and planting
time. Money is easy both at the banks anC
with lenders, and the former are lately inclined
to give easier terms on farm mortgages. Gov
| eminent securities are held for sale at all thu
banks at current New York quotations and art
bought at 1l@51Sc less, as follows;
Coupons of 1881 !OossVgt U
New 5s, coupons !uoSsS9! Oo7s
New AIS, coupons. 1Oo14ISiOo5i
New As coupons AZ, g io, I,
Pacific Is of 1895. -. .124HOl24A
Dry goods dealers here are rather firm in theil
prices, Notwithstanding the late fluctuations II
the iobbing and package trade in New York
which they attribute solely to some of the job
bers and package traders having overstockeo
themselves. In support of this view they
point to the fact that manufacturers agents
do not yield at all in prices and add, that &C
plus of goods to come upon the market. The
trade here is fair for the season, but principal
ly on orders, very few buyers appearing IN per
SON. The same may be said of the notion
trade generally, though there is yet consld-
cradle call for ARTICLES appertaining to the
spring outfits of ladies and gentlemen VINO fot
low the fashion makers. The millinery trade
of the season has been very good and continues
quite active.
A New York dispatch of last evening says
1.-THE dry goods business continues quiet with
commission houses and importers, and the job
bing trade less active. Cotton goods quiet,
but leading makes steadily held. Prints dull
but agents prices unchanged. Mems veal
woolens continue quiet AID firm. Foreign
goods in moderate request and steady"
The boom in the grocery trade of st. Paul
appears to have subsidized about last Friday,
since which the trade has been only good fol
the season and mainly on orders to NIL out
stocks of merchants who bought personally
earlier in the season. Several changes OF
values from last week in dried fruits, canned
goods, pickles, soap and cordage are made in
the price list below.
A bill is under consideration in the New
York legislature which will require that barrels
for apples be made of the same size as used In
the West-that of the ordinary -four barrel
which holds about 1868 quarts. The barrels
now used by apple packers in that State hold
each only 100 quarts, and although discount
is sometimes made to wholesale dealers on &C
count of the barrels being small, the discrimi-
nation is not allowed to consumers, who,
when they are aware of the diff
ference in the size of the
barrels are influenced by it to prefer western
packed 1t is also proposed in New York to
require that peaches shall be put up in pack
ages of bushel or an sliquOt part thereof.
MI IA g 1a
ing rapidly. The number of wells in opera
ton in that State last year was 1859, To these
will be added during this year 81 new wells.
In 1872 the total product of all the Michigan
wells was l ,027, 900 barrels. In 1879 the pro-
duct was 2, 055, 600 barrels, and this year it is
estimated that it will exceed 2,7OO,0OO barrels
A CORE spondent of the Chicago Tribune
having stopped at st. Paul few days, writes
to that paper from Bismarck, d. T., under date
of April 2lst as follows: Just at this time
of year every business man finds himself over
run with orders from his correspondents In
every part of the country, and l find st. Paul
and the great Northwest no exception to the
general rule. In every branch of business
hurry and confusion prevail in getting out
goods and shipping"
Dealers here have marked down the price of
Buffalo sole feathers lc. Trade is fair for the
season, and that also is all that can be said for
the boot and shoe trade. The Boston report of
Friday last for the Post. says: Business is
light and dull. The number of buyers is about
forty. Some have returned without purchasing
or placing orders, they seeming TO be of the I'M
preston that goods and stock will be lower
Trade, however, has been generally quite salts
factory. The lull now, at this season, of the
ordinary trade, is owing in part to its much
earlier opening. The booking of orders has
been somewhat less than was anticipated. The
shipments for the week of boots and shoes out
side of New England were 81, S57 cases, against
81, SOL during the corresponding period of 1879.
The total shipments since January l., outside
of New England. were TAG, 684 cases, against
56S, $50 in 1879.
A new price list of rubber boots aud shoes,
from Boston, shows an advance of 20 per cent.
The drug trade here is active with orders
large for the season, but collections are said to
be hardly ''up to the mark" About this time
of the year many country dealers are waiting
on their customers until seeding is over, just
as Others, in the supplies trade, have to wait
until the logs come down." American saffron
is advancing fast and may yet reach 81. Lard
oil is a trifle lower. Cream tarter firm. Cam
phor is quoted at former prices, but they are
not firm. Spirits turpentiue may go little
lower but must be near bottom prices. Win
dow glass and glassware are irmer on account
of some of the furnaces being already out OF
blast and others going out, not to renew work
until the LIST of September. Five and ten ton
BUYERS of white lead can now have the same
advantages in buying from NOyes Bros. d Gut
Ter as in buying from manufacturers.
Minnesota timothy seed is little scarce.
Glover is also frmer.
Ginseng buyers are now offering $l.25 fol
prime.
The st. Paul trade in hardware and metals
has been large this season up to this time auo
still continues active, notwithstanding which
dealers have made many concessions on prices
based on the large purchases made when these
goods were advancing. On this account a decline
of 25s all around on nails is noted in the price
lists below. But these price lists happen this
week to contain two lists of nails, one priced
| by wholesale grocers who are compelled TO car
~ nails to help fill the miscellaneous orders Of
| their country patrons, and the other from
hardware houses. The former quote nails 15
under the latter but the latter, having larg
stocks on hand, will not be undersold-lf the.
know it. The nail sellers response to the des
perate efforts of the nail makers to raise prices
must be discouraging to the western Nail As
sociatiOn."
The import duty on pig iron is 81 per ton
Furnace men say, ''the biggest hog has tn
most pigs" but it's exceeding plggish in tn
big hogs who have coal at one door and iron
ore at the other, to want 81 per ton protection
against iron which has to be transported tw
thousand miles before it can come in compe
titiOn with their product.
The Chicago and Milwaukee wheat markets
which on Monday seemed to have recovere
from the depression and decline of last week
were yesterday again variable and weak, clos
ing at decline of 1870 from the openiu
prices The New York market was also heav
and declining, with spring grades of wheat s
neglected that their values were unce rtaiI
The provision market of Chicago, which of lat
has almost invariably followed the whes
market, was yesterday also unsettled an
weak, closing at decline from morning rates
| IL. IL