Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-08-03
COMMERCIAL.
Grain Quiet and NominalIy Unchanged
Stocks Strong and Prices Advanced.
ST. PAUL, August 2.

| ST. PAUL. August 2.
The recent advances here on coarse grains and
feed have been firmly maintained up to this
time, notwithstanding the near approach of the
| time when the market will be freely supplied
with new oats, and be more literally supplied
with millstuffs. The stocks on hand are, how
ever, not large, and as consumers will pay
higher for old oats than for new, the present
prices may be kept up for some time to come.
The demand for butter and eggs continues ac-
| tive and prices are firmer. In other produce
| there is no special feature to note trade being
generally moderate. The fruit trade continues
active. and the demand for choice qualities
only partly supplied.
A New York dispatch of last evening says:
1.-THE dry goods business is moderate with
package houses. Cotton goods in steady de-
! mand but buyers are operating sparingly.
Prints in irregular request. Ginghams con-
tinue active and dress goods doing WE'LL
Mems wear woolens quiet. .Flsnnels in fair re.
quest. The Bulletin says that Wamsutta
blesched shirtings are reduced to II cents
Messrs Howard, White and Crowell, of Chi
cage, in their Saturday evening circular cay:
Prices were advanced quite rapidly on all the
leading articles early in the week. and as the
market is understood to be largely oversold for
future delivery, especially on mess pork, lard
and short rib sides, there was considerable
anxiety manifested. Margins were called
freely, which had q tendency to force quite a
number of settlements, especially of mess
pork. About the middle of the week the
market dragged considerably and prices settled
back again, though there was little disposition
to trade at the declining scale. Toward the
close the market exhibited little
more strength and prices rallied again,
which stimulated trading to some extent on
behalf of shorts 1t is understood that the
government purchased 1900 bbls of pork in
this market, but the price was not made pub
lie. There is considerable question in re-
gard to the stock on hand, and it is claimed
that considerable pork has been removed from
barrels and packed in boxes during the past
two weeks. Stocks are certainly light. If
the prices of hogs are maintained, farmers
will probably supply the market regularly,
but with bountiful crops of small grains they
will be able to control the supply of hogs
more or less, and move them to market
whenever and wherever they choose; should
the prices be fluctuating."
The New York World of Friday last says:
''The Granger shares are directly influenced by
the immense earnings of the roads at present
and by the assurance of enormous crops in the
northwestern States which will give the COM
panies large traffic in the future. Generally
speaking, values on the Stock Exchange are
benefited by the proverbially good statements
of the railroads the favorable outlook for trade
during the coming autumn, and the super
abundance of idle money at this and
other financial centers. The investment of
money in frst-class assured diyidend-paying
securities, and in others which will be enabled
by the the rapid development of the Western
country to soon declare dividends, is assuming
enormous proportions. The scarcity of gov.
eminent bonds is an instance of this, and the
rapid absorption of new railroad loans is an
other. 1t is evident that capitalists are stead
lily gaining confidence from the improvement
in the general situation, and regard this as a
favorable opportunity to make Investments.