Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-07-07
THE STATE OF TRADE.
Brief Review OF the st. Paul Market
Eccen,ricities Of tho Stock Market--Bos-
ton Boot and Shoe Trade--New York Stock
Market Firm--The Lake Markets Excited
Wheat ard Pork Sharply Advanced.

market Eirm--Vne Lake markets. Excited
Wheat and Pork Sharply Advanced.
81. PAUL, July7.
With the banks and losn agents OF st. Paul there
is no change In the situation which has prevailed for
several months. They are well supplied with money
for all legitimate demands and there Is fair de-
mand, though not Of course, as heavy az last month.
The banks hold government bonds for sale at New
York quotations of the day and buy them at A0Hc
less. 80 -
In dry goods notions, millinery goods, etc., there
Is little trade and no probability Of
changes Of value before the fall trade
sets In. In groceries, drugssc hardware,
boots and shoes, etc., there Is fair trade for 1.-The
season and in groceries several changes Of prices
noted. In GRIM and produce there is healthy sum-
mer trade, but very small as compared with the
spring months. Oats are marked down another
cent but other produce values are steady. Barley Is
very scarce. Malt has been advanced TO $L25
Provisions have been advanced to correspond with
the Chicago boom and the small stocks on hand are
firmly held. Tn fruit trade continues active with
but little fuctuadon In prices. Strawberries out
OF the market. Dealers have oranges again in stock,
Following the three days rest the lake markets
haye taken big upward turn on wheat and pork.
Within 3 short time experts employed by leading
grain operators have carefully examined wheat fields
In all parts OF the Northwest and the advance of six
cents on wheat yesterday may be attributed to the
general tenor of their reports. The pork market
W0utQ NATURALLY Dc eU6cD0Q Dy the ADVANCE OF wheat
but 1t is also under control Of small but strong
combination, which appears able to do what pleases
with the market. t'5-s 50 1s - -
The Boston Posts review of the boot and shoe
and leather market for Saturday is follows: 'Thc
market Is without material change, The number of
buyers Is reduced. Efforts to break down prices
have been unsuccessful. In hemlock sole leather
there has been little decline. It is thought the
prices Of leather will not go lower. One Of the
largest dealers lately purchased S0e0 sides of hem
lock sole leather. Uppers are firm The early buy-
ready for delivery. Shipments have increased and
foot up for the week $50 against 2775 for
the preceding week. The total shipments since Jan.
are 999, 600 cases There has been hull In and
hip boots during the week. Factories are running
on fun time. Prices are still firm at the figures Of
early orders. There ia no improvement to note IN
split boots and shoes; business continues dull. Tho
same quiet rules In split shoes, polkss brogans and
balmorals. There are but few orders pIaoed on
women's, misses and children's grain, polish and
polka shoes. Prices firm for the best solid grain
Shoes and they cell at $1.00; second best, &c. and
! q cheap grade at Soc In brogans and plough shoes
| there Ia fair trade. Large manufacturers have
| generally taken more than their average orders.
Brogans: No: l, $i.2e: No. O. LILO, for wax or kip
morocco is moderate, and prices are generally firm.
Large orders have been taken In Lynn, Haverhill
and other places. Trade in sandals and slippers is
very quiet Trade in calf boots and shoes remains
quiet without material change. In buff goods it ia
very quiet, usual at this season. Brockton shops
are quiet. For rubber boots and shoes there's more
inquiry, especially for low priced goods" Among
the shipments of the week were 1,135 cases to st.
Paul and $50 to Minneapolis.
The New York Public notices some Of the eccen.
trches Of stock market prices at the present time, as
follows "For seven years Illinois Central has aver
aged more than double the dividends Of Northwest
preferred, nearly double those Of Lake Shore, and
much more than ST. Paul preferred, but the four
stocks have about the same price, and the one which
has paid least has the highest price. Louisville
Nashville ranks next to New York Central in price,
but has paid In seven years only oneihird as much
dividend, and during the last year only half much.
Michigan Central and Northwest common, having
paid only about half aB much Ia dividends ss the two
Southern roads for the past seven years. and not
much for the past year, are selling at about IS,
while the Southern road, which has averaged the
largest dividends is selling ct 70, and the one which
has averaged the least sells at 1875. Judged by divi
dends for seven years past, Nashville & Chattanooga
| Is worth ten times as much az st. Paul common,
and, judged by last years dividends Just n0ch,
but st. Paul IL selling at 10 cents the dollar high
err For years the coal stocks have paid nothing, but
they are selling at prices closely to those Of St
Paul and Chattanooga, which now pay 3M per cent,
the stter never having ceased to pay since its organ
| ization.n ~
The Railroad Gazette Of July o. gives the fol.
lowing statistics concerning the number Of miles OF
new railroads built In the United States since 1878
There have been built 1899 miles thus far this year
against 761 miles reported at the same time In 1879
COG miles in 1873, 61S miles In 1877 673 miles in 1876
40l miles In 1875, 6S7 miles in 1874 and 1408 miles In
1878. p
| New York World, Saturday: @The stock Of the
recently con olidated Chicago st. Paul Minneapo
| Lis, st. Paul Sioux City and North Wisconsin rail
road companies was traded in to-day at tho 6toch
Exchange under the title of st. Paul & Omaha
Three hundred shares were sold at 4004, the latter
! being the established price at the close.
| A New York dispatch Of last evening says
"Dry goods business continues light in all depart
ments, but buyers are arriving In considerable num-
bers and more active demand is expected shortly
Cotton goods quiet in first hands. Light prints dull
| but there is more inquiry for dark fancy prints
Woolens in light demand. Foreign goods re nair