Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-05-04
CASH AND COMMERCE.

st. Paul Millers Outbidding Shippers-A
Valuable Piece of Fur-ChicagO Wheat
and Provision Mark cts Weak-New York
Stock Market Depressed by Bearish Re
ports and a Good Many Margins Absorbed.
ST. PAUL, May 3.
Street buyers were Offering 94c, go and 81 for
wheat yesterday, while the millers on Phaen's creek
we're paying 1.02 for No. and $l.05 for No. l.
Oats were bought on the street at SOC for mixed and
Sic for white. Bran was weaker but not quotably
lower. Eggs we're in liberal supply and buyers were
unwilling to pay over 71lc. Southern vegetables
were offered at little easier prices. The wholesale
seed trade is about for the season, having been
unusually active all through the season.
Wall Bigelow's st. Paul circular of last evening
says sit is ported that about 0,00O bushels of
No. wheat is being shipped from Milwaukee 10
Chicago. tbs reported also that the clique own
about 100000 bushels No. wheat in
Deliveries in Chicago far are reported to be very
small Beerbohms: Liverpool firm. Floating car
goes firmly held; higher prices asked. Demand for
continent continues. On passage hrmer. Mark Lane
held higher. English country markets steady. French
country markets better"
The St Paul chamber Of commerce yesterday morn
ing appointed a committee to confer wi business
interested upon The practicabiity of establishing
and maintaining board of trade, with daily meet
ings, and also to whether the board should be Or
ganized as branch OF the chamber or as an lnde-
pendent association. The committee, consisting of
Messrs Hodgson, Berkey and Hall, will undertake
Wednesday to ascertain the opinions OF business
men on the subject Judging from the frequent ex-
pressions OF late heard amoug grain ana produce
dealers, this move of the chamber of commerce will
result in the establishment of board of trade, which
in It's turn will serve to strengthen the commercial
position of st. Paul
The eastern markets for hides will have to advance
full before st. Paul buyers realize the prices
they are now paying. But Minnesota hides will sell
little better than the hides of same grades now 60
ing into the eastern markets from the central and
southern States because they less grubby.
A. o. Bailey has lately received from one Of his
buyers black fox skin not quite perfect, but very
handsome, and valued at 500. Fur buyers say the
black fox is of the silver gray Species and that the
skins of that species valued according to the
color well quality, the blacklist being most
highly estimated Mr. Bailey expects soon to receive
large consignment of furs from Prince Arthur's
LsnGing, Lase Superior, which will include num-
ber of the most valuable of skins
New York dispatch of last evening says: "The
dry goods business continues light in all depart
ments of trade. Cotton goods quiet and steady.
Prints quiet and Sprague's shirtngs reduced 10 &c.
Prices of Pacific prints, lawns, ETC., viii not be
mand and firm. Mems weaS in wooens quiet and
firm. Foreign goods sluggish"
One hundred thousand people in California are de-
pendant upon hydraulic mining, woich produces
about Sll,U000 600 w)rth of gold annually. The in
sments in the business amount to 500 100000
but it is proposed to prohibit it parts of the
State on account of the injury to lands and water
courses.
In 1887 the banks of the United States had three
dollars in circulation to one of specie; in 1843 one
and sixth; in 1850, two and half and in 1862 one
and quarter. The annual product of the precious
metals has increased from S64 0O,000 in 1843, to
S234 100 at the present time. Since 1S48 there
has been added to the amount of precious metals III
existence, S6, 0O0,0J0,0O0 The amount of the prec
ious metals iu existence is estimated to be Sl3-
000 LO0,UC0 of which gold furnishes S., 600 0G0,U0
The annual coinage of the principal countries of the
world has increased from Sl43,0U0,000 in 1S48 to
S3Sl, 900, 900 at the present time
National debts were of little importance until the
French revolution; they now amount to about $685.
OOO,OJO,OOO mostly owed by E-ropean states for
wars.