Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-07-21
THE WORLD OF TRAFFIC.
General Review of the St. Paul Markets
Encouraging Prospects for Fall and Win
ter--wheat Markets Weak and Dull
Stocks Buoyant and Advances Well Sus-
sr. PAUL. july Al.

At the banking houses of st. Paul, money
continues in abundant supply for all legitimate
demands and the supply Of exchange is increas.
ing, the latter being attributed to sales OF
State produce in the East and the bringing OF
capital here for investment. 1t is also repo IT.
ed that the deposits are steadily increasing
and new accounts being opened. In the BANK
ing house view, all business prospects are ac-
cordinsly favorable--the view being expressed
Yesterday by the remark that ii the present
crop indications are fulfilled by the harvest,
Minnesota will be confirmed in an era OF SUD-
stantial prosperity and business Development
greater than ever before. =,
At the wholesale houses generally, this dull
| season of trade Is the time Of preparation Tor
the active trade of the fall and winter. The
dry goods trade continues limited to tlling-up
orders, without notable change IN
prices, though dealers anticipate that with
the opening Of the fall trade there will be
pretty thorough revision of the price list. The
grocery trade holds up remarkably. Dried
| peaches and canned salmon Holsters ana sar-
dimes are changed in price from last week.
Sugars are steady, but dealers anticipate tnr-
ther advance about the last OF next month. In
drugs, etc., we note changes of value IN castor
oil, gum opium, Oil lemon, oil sassafras, I'M
seed oil, lard oil and gasoline, window glass
and pure white lead. Finished iron and steel
are at unchanged prices. In hardware there
are few changes of prices. Nails are sell
| ing at $3.15. Harness leather is likely soon TO
be marked down 1@2c. The boot and shoe e
| list will be raised next week for the fall
tarde.
At the produce houses there is fair trade
for the season. Corn and oats are firm
at quotations, and oats are scarce. Inc
stock of millstuffs on the market is
small and. although the demand is limited,
prices have lately advanced. The butter puy.
ers are quite active and prices are hrm. In an
seasonable articles of produce prices are quite
steady. Pork and pork products follow the
Chicago markets in prices. Cattle are declin-
ing in value, as grass fed are coming into mar
ket freely.
The fruit trade is embarrassed by the lack OF
| supplies to fill orders. The market was near
ly cleared of apples yesterday, and was entirely
bare of small fruits. The weather has been very
unfavorable for shipping fruit all this month,
and dealers here who have tried to keep up with
the demand by ordering freely from points OF
supply have only met succession OF dlsap-
pointments. But the present weather prom
Uses that later fruits will come in better condi-
tion and by the time this reaches the GLOBE
readers the market will probably be we'll sup
piled.
The commercial business OF st. Paul is
heavier, we imagine in certain lines than oc-
casional observers would place 1T. For in
stance, st. Paul buyers pay out about $l0O,O
year for ginseng and snake root. They buy
ginseng from Michigan and lows, but their
largest receipts are from Monticello, Mankato,
Faribault and Mortified in this State The
snake root comes from the Northern Pacific
country, mostly from the White Earth Indian
| reservation. For hides our st. Paul buyers
pay out about $4,000 year and, by the way,
they are materially helping to develop the wool
growing interests of the State. The wool now
in store here exhibits good deal OF variety,
but the growers are making yearly
improvement and the most of the product
will undoubtedly be graded high by manufac-
turers. Finally, speaking of special lines OF
| trade, the fur buyers of st. Paul pay out for
| fine furs, robes deerskins, etc, not less than
81 100000 year. Their purchasers come
from all parts of the country between the
| great lakes and the Rocky Mountains and
| from oil the northward hunting and trapping
regions. In these items we have total of
So, 1000, 900 paid out yearly by few enterpris-
ing St. Paul men. general review of the
| trade of the city would count up many millions
worth of goods bought and sold yearly in lines
outside those usually thought Of and spoken
of in connection with the commerce OF the
city.
Crop reports, as elsewhere appears, con-
tinue favorable. 1t is certain that
wheat prospects have greatly improved
since the cessation of the June rains, and that
the average yield of the State now promises to
fall but little below the best of former seasons.
Oats, barley, rye and fax are all doing we'll,
bat in some actions corn is suffering for lack
of hot, sunny weather. The hay crop, cutting
of which has been delayed by unfavorable
weather, will, nevertheless. be very large. all
In all the crop conditions are encouraging
They indicate a profitable year for farmers
and safe foundation for increasing business
investments and enterprise.
The lake wheat markets were weak yester-
day and cannot be expected to be strong unless
something occurs likely to limit the American
supply or increase the European demand.
1t is. therefore, increasingly important to Mn
nesota and Dakato that the course of the grain
trade should be SO changed that our wheat may
be sold direct to the millers of the world with
out mixture with the inferior grain which is
handled at Chicago and Milwaukee. 1t Is to
be hoped that the new st. Paul board of trade
will become an active institution and that its
| members will unite their efforts and influence
to give Minnesota wheat its just value as an
always marketable commodity.
New York dispatch of last evening says:
| ''There is fairly active movement in wool
f1annels and Kentucky jeans Repellents and
cloakings are in fair request. Mems wear
woolens remain quiet. Cotton goods in mod
erate demand; dark prints in fair request;
Aliens fancy prints are offered at $40. For
eign goods quiet"
Yarns and fabrics at Manchester easy.
st. Paul Wholesale Market.
ST. PAUL, July 20,