Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-02-16
FINANCIAL & COMMERCIAL.
NE skty RerieaC.
OFFICE ST. PAUL GLOBE,
Feb. Is, 1882.

VaUceQ sedSOu duu buO dppdICDb carly dpe
proach of spring are developing much earlier
and more rapidly than heretofore. The season
seems to have jumped from mild winter INTO
warm and early spring, which has forced
business rapidly forward IN spite of all ar
rangements and business calculations. Still
this is partially couuteracted by our dealers
who are disposed to go slow and allow bust.
ness to crowd them rather than
for them to crowd business. Business
to-day in St., Paul, at moderate
estimate Is Is per cent. heavier than 1t has
ever been at this season of the year. This
fact exists, notwithstanding the fact that
country dealers are buying short handed aud
only as much as their necessities demand.
Everybody appears to have taken into cOnsid-
Grafton the effect that immigration is to have
upon the volume of business. From all that
can be obtained from the different railroad
headquarters in st. Paul, and from all the cor
respondense that is taking place
with the land departments of the
various railroads, there is no doubt Mime
sofa will this yeai witness an immense influx
of people from the Eastern states of the Union
and also from the still older countries of Eu-
rope. These people will sweep through st.
Paul, the gateway of the Northwest, and
spread out all over the vast praries north and
west of US. OF course all of these people will
not settle in Minnesota. Many will go upon
the prairies of Dakota, while Others will help
to swell the population Of the foreign govern
ment north of US. 1t makes but little differ.
ence. All will draw their supplies to greater
or less extent from st. Paul, which is re-
garded as the great depot of supplies between
The North west and the East. All these con-
siderations are having their weight with all
dealers. They do not affect the wholesale
dealer of St. Paul and no one else, but the
country merchant as well. All are evidently
preparing for the demands OF the future.
The wholesale dealer, while he has large
stocks on hand, has made his arrangements
for replenshing rapidly and largely, while
the dealer in the country is not increasing
his stock at present any more than is
absolutely necessary, having determined to be
prepared TO fill up with stocks hereafter as
they are wanted, and when the immigration
makes larger demands upon him. Yet, not
withstan ing the country merchants are run
ming at present close to the wind. the volume
of the wholesale trade here in St. Paul has in
creased, and is at present increasing.
The general produce market has been gener-
ally declining through the week. Dnring the
early part of last week there was good de-
mand for wheat, but during the past few days
it has dropped continually until
there is little or no demand here for this grain.
1t may be said that the market is clear gone
and holders of large amounts of wheat, and
millers too, who are compelled to carry good
supplies, are very uneasy The causes OF this
new change in the condition of the market is
supposed to be the near approach of the new
harvest, which is being FASTENED by this early
spring weather and the doubt as to the crop
Of last year when manufactured into flour
keeping through the hot weather. There is
a general belief here that wheat will 60 still
lower.
The money market is without any special
change to note. Collections are good, and
there is plenty of money to do all the business
at present.
The dry goods market presents no occasion
for comment. The demand for goods is firm,
prices are steady, and trade is rather better
than usual at this season, while collections
are fair. The prospect still continues that
that the spring trade will be late. People are
still unable to think we are not going to have
cold weather yet, and so they hesitate about
opening up. In quotations there are no
changes to note.
Groceries are very firm but prices are I'M
changed except in beans which have advanced
to 5400@t2 5.
Hardware remains firm and without impor-
tant changes in quotations, but there is
chance for an increase at any moment.
Boots and shoes are wholly without varia-
ton, and the quotations now given are likely
TO last all the season.
In leather findings business is regular and
prices steady and firm.
The demand for lumber is good and on the
increase while the supply is sufficient and
prices are without important change.
WHOLESALE PRODUCE.
Stocks are large and prices firm. Fruit is
moving lively while there is good demand
and supplies are liberal. Quotations are firm
as given with no discounts. Lemons, 81 80
to s. 90. Messlna oranges, per box, are
from 1926 to 81 so per box. Apples
remaid at $40o@450 per barrel. California
pears are out of market. Oysters are quoted
at 43933c, with no cheap brands In market.
Valencia oranges, in cases of 400, $500
900. Presley & Co. are now receiving what
are called extra large cases, which they sell at
St1.000t200. Floridas, in boxes of 200,
S1.00@7.50. Lemons, 81 5095.00. Cranber-
ries have advanced to IS 509t0 90 per barrel;
one bushel boxes, 50 25. Messina oranges,
Malaga $40 per barreh S4.50@5 90 per keg.
Cocoauuts, Sc. Cider, $3.50 per barrel; 26c
per gallon; half barrels cider, so. Oysters,
selects, 80 43c.
Brewers supplies-selling prices: Malt,
sl25 per bushel. New York hops, 30@32c;
Wisconsin hops, 25c; Washington Territory
hops, 30t032c per pound.
Lime, Cement, etc.-Selling prices: Oshkosh
Port Byron and Milwaukee white lime, $1.35
per Dbl; Milwaukee cement, S1.50 per Dbl:
Louisville cement, Sl.75 per bbl plaster paris,
$3.50 per Dbl; plastering hair, SOC per bushel;
St. Louis No 1 fire brick, SIS per thousand.
Fire clay, 50 so per Dbl.
St Paul Oil Mills-selling prices: Carload
lots oil, 63c per gallon. Linseed meal, $3.50
per ton.
Flour is duller on account of the decline in
wheat, but quotations have not
been changed. Quotations are as follows:
Patents, S7.250S rs; straights, $625@7 90;
clears, s6@6 so; in barrels, 25c extra. Buck
wheat, $S.00@9.03 per barrel. Graham, $S6.25
@@6.50 per barrel.
shorts-Selling at Sl600@17.O0 per ton.
Beans--Hand picked have maintained the
advance previously noted, and now stand at
So. 80.
Cranberries are still quoted at s1.00@1.50
for domestic stock. Fancy, unfrozen Cape
Gods would bring from $40 to 81.
Eggs may be said to be steady at l5c, with
a good supply and fair demand, one being
about equal to the other.
The demand for choice table butter is active
and the better qualities have no difficulty at
all in OBJ aiming the top prices. AS for
what is called ''gilt edge" there
is practically none of it in
the market Not one out of 200 tubs can be
found that comes ND to the standard. There
is q continuous demand for the better grades,
L L