Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-06-09
THE WORLD OF TRAFFIC
GENERAL REVIEW OF TIE ST. PAUL
MARKETS.
Money Easy and in Good Pemand-A
Prosperous Season for Merchsnts-The
Stock Market Strong and Advanced
Wheat DrOoping-PrOvlsions Steady.
ST. PAUL, juno Q.

At the banks in st. Paul, money is in active
demand, with the supply ample to meet all
legitimate requirements. There Is more busi
ness than last week, or at the beginning of las
! month, and the money movements Indicate {
healthy condition of trade both in city anG
country. Government bonds are held for sale
by the banks at New York quotations of thu
day, and are bonght by them at A@}Sc. less
viz:
| Coupons, 1881. ..106ss @l069s
| New 5s, coupons. ...............lO 2$4 @IO
| New AS, ex. coupons. .......... .IO954 0iUS1s
New As, coupons. .l0Ss4 @l09
Pacific IS, of '95.............122 19@l22sl
Jobbers and wholesale dealers in dry goods
notions, millinery goods, boots and Shoes
leather, etc., are having their usual rest be
tween trade seasons, and are well content with
the business they have had during the last SIX
| months and with the common ability OF
their customers to promptly meet
all PAYMENTS coming due. In al
these temporarily quiet lines of trade there are
no notable changes of value and few are to bt
expected during the current month.
The growing trade continues large for the
season, with prices generally steady. In drugs
several changes of values, generally reductions
are noted. In metals, hardware, ETC., there
are a few changes of prices. The demand is
| good and business active. Tin plates and
4 metals have weakened somewhat, but the I'M
preston seems to be that the bottom Is reached
| Should the present strike of the nailers be OF
| long duration an advance in the prices of nails
! may be looked for. The prices of shelf hard
ward have not as yet been much affected by
| either the former boom or the late depression
| in iron and steel.
Wheat quotations here are only nominal
there being no purchases from first hands.
| The mills are Just now drawing heavily upon
the stock in store. Flour is shade lower.
| There is considerable movement OF corn and
| oats, but prices are shade lower than last
| week. Ground feed and meal are qnOtsbly
| lower In provisions there is but little doing
| Butter packers are offering only Zoe for good
grass butter. Eggs are worth, net, lO &c per
| Dozen The fruit trade is active and every
week now adds to the fruiterers' lists and brings
| down the prices of fruits which came earliest
| into the market. Cherries, added this weeks
| open at SO per case for red and "a for black.
| A New York dispatch of last evening says
| Business remains quiet In most departments
! Brown oottous in better demand, but bleschec
| goods sluggish and colored cottons in irregular
| request. Prints continue quiet, but lawns ano
| ginghams are in steady demand. Mems veal
woolens quiet best leading makes steadily
held. Foreign goods dull.
meeting of the subscribers will be hello
| MONDAY TO complete Gn6 organization VA tLS
| st. Paul board of trade and provide for daily
meetings for grain and produce trade. While
| it is not expected that there will be much trade
| on the board during this summer, 1t Is hoped
| that the advantages of sales on the board viii
| soon recommend themselves to all concerned.
| They will assure country consignors the benc
| fits of whatever competition there may bt
among buyers. They will enable dealers L
| correctly estimate the condition of the market.
Ton fn ron0tha1 the market and II
| give farmers and country residents and Other
| BUYERS greater confidence in the market.
Furthermore. the board will help to maintain
| the selling value of Minnesota wheat, by giving
Eastern millers the chance to buy it here il
such quantities as they may need, and
| to have it shipped through to them at highest
| transportation charges.
There is growing apprehension that this Is
| to be wet and stormy season, in which crops
| will suffer- and should the rains of last week
| be repeated, these apprehensions would extend
| into the Northwest. AS it is now, while north
western Minnesota, northeastern Dakota and
Manitoba have had more rain than was needed,
though not enough to materially hurt the young
grain crops, western Minnesota and southern
Dakota have only been relieved from fears of q
drouth. On the Chicago market rumOrs of
damage to grain crops, at home and abroad, by
wet weather, have been multiplied by hundreds
of private dispatches from the winter wheat
regions of this country, and by cables from
England.
It is absurdly stated in an Eastern exchange
that the area in wheat along the line OF the
Northern Pacific railroad this year is estimated
| at OO00 900 acres. That is more than the az
| grepate area of plowed land in all Minnesota
| and Dakota. But there is good deal more
| than ten million acres of wheat lands to be
some day brought under cultivation in the
northern halves of Minnesota and Dakota.
There is large attendance at the Millers
International Exhibition in Cincinnati of
-four, grains and milling machinery. The ex'
hibition will continue until the 18th inst
| On account of 80 many st. Louis millers ano
-four dealers being in attendance at the exhibit
| ton, the -four call on change at st. Louis, has
been suspended for this month.
The first carload of new wheat arrived a
| St. Louis Saturday last, from Texas, and sole
at auction at 81. 81. A premium of $l25 il
| addition was made up for the shippers by sew
eral of the graiu-dealers in recognition of the
event The first new wheat-hour sample wa
also exhibited on the same day from Sherman
Texas.
Four oars of No. Q Minnesota hard wheat sole
from store in Chicago Saturday at $l.O213.
Wheat, corn and oats are worth at this tim'
about the same as at the corresponding time
last year, and rye, barley, pork, lard and meats
are higher.
The failure last week of Herman Lissberger
| a New York importer of iron and metals, Great
ed great excitement in the trade. By the ris'
| in iron last fall he made upwards of S5O0,0
and he could have retired January LIST last with
| S75OO00. But he had on hand about 40 O00ten
| of imported iron, bought at high prices, anC
| the late decline with refussls of buyers to car
| nv out contracts has absorbed his fortune
| and left him in debt about 81, 100000.
In Boston the trade in green hides was quit
| active last week. Western green hides sold al
S1F@lO1Sc.
A Buffalo dispatch of yesterday reports cana
freights firm and unchanged.
Bar silver was quoted in New York yesterda.
at 114sl.
In the Boston boot and shoe trade there was
last week, a notable feeling of uncertainty q
to whether prices would be sustained. Th
leather market was firm but concessions ar
| made by manufacturers on coarse brogans ant
pillow shoes. -.
The wool markets continue unsettled, wit
manufacturers out and holders inclined &c
make concessions if they could find purchasers
st. Paul wholesale Market.
sttt 81. PAUL, June 8.
BALED HAY-In Incoming S6.5O07.OO per ton.
BARLEY-No. 2, 55165c; extra No. 8, 46055C
No. 8, 4O045c; rejected, 10000.
BEANs-Ohoice mediums 81 2501.5Oi hand-picke
navy 81 .65O1.75.
| BEEswAx-Per ID, 18c.
BREwERs sUPPLEs-selling. malt, 96c0S1.0C
hops '79, 4O049c; '7S, 10000
BgTTER-Oho1oe 12116c; fair to good eQl0c
CoOoAEurs-Psr 100, $7.OO07 so
Conditioning, No. mixed 33h@S4c; No.
32h@SSa.