Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-03
FINANCE Il COMMERCE.

outlook has not changed since our last re
view in any material respect. There has
been the gradual and expected improve
ment in trade, and general and certain
increase in business confidence, all of
which results from the splendid outcome
of tbs husbandmen'5 labors for the season.
OF course, this state OF affairs naturally
makes an improvement in business. Other
than this the situation is substantially IN
changed. Throughout the week there has
been an active demand for money and the
demand upon the banks for fRvors is in
creasing all Of which illustrates what is
said above, viz: That business ia gradu-
ally increasing. The demand for money
in the country is much larger than it has
been. So far the wheat crop has not gone
forward to market to any great extent,
and more money will be required By the
banks in the interior to. move along the
crop. The probability therefore is that
for some time to come the demand on
the banks viii continue pretty active. In
the meantime while The city
deposits are active they are not reason
ably large, as every body is full of business
md ali want to use all the money they
can command. The banking capital OF
the city, however, is amply sufficient for
all purposes and all that want funds for
legitimate purposes can be accomnoda-
ted. AS general remark it may be stated
that the money market in st. Paul is
rather close and is likely to work closer as
the season wears on. Collections both
by the banks and through our merchants
are not quite what they ought to be
though they are improving, and altogeth-
er the outlook is very favorable. Grocer
les are in very active demand with rather
slow collections, and the reason given for
the tardy collections is that the farmers
are al engaged in blowing, which they
deem of more Importance than paying
their debts. Prices are very steady and
no changes are noted. Dry goods are fair
ly active especially in the heavier grades
which are in good demand. Clothing and
boot and shoes are improving. Hardware
is very much improved. Like groceries
and medicines this people have to have
hardware. Not only is trade active in
this line but collections are reported to be
unusually good while quotations are steady
and unchanged. Drugs, paints and oils
are in good demand. Balsam tolu, castor
oil, chloroform, and white lead, have ad-
Sanced, while lard oil has declined slight
ly. Since our last review the Northern
Pacific Railroad company, and the Oregon
Railway d Navigation company, which
is united with this great
trans continental highway, have issued a
new circular IN which it is stated to the
great business public, that the rates from
st. Paul end al other shipping points in
the east, to San Francisco, Tacoma and
Seattle are the same as to Portland, Ore
gon. These rates, from ST. Paul, Duluth,
Minneapolis and Superior, are, first class,
$4.55 per 100 pounds; second class, 1915;
third class $500; fourth class, S2.35; class
A, $40; class B, $1.85; class G, $1.6O;
class D, SIS 5. Under this arrangement
st. Paul wholesale houses are enabled to
lay down their goods in San Francisco at
the same rate that they Row place them in
Portland, Oregon. All our fruits, canned |
SOOSSJ SSO's San hOH 1IOHl O6u
Francisco to st. Paul at the same rates |
that they can be shipped from Portland,
Oregon. Already our wholesale dealers
have begun to feel the effects of this great |
highway. Trade is flowing in from Wash
ington, Montana and other territories, |
SO that it is now an Or
binary thing for our dealers to receive |
orders from these comparatively new re-
gions. Boots, shoes, leather, iron, steel
and other articles are without any partic-
Ular change. In regard to the produce
market there has not been much activity, |
wheat, corn, oats AMI barley have held up
pretty we'll during the week and barley has
somewhat improved, but the shakey, IN
certain condition of the eastern markets
have had decided tendency to hold down
the produce market here, and consequently
there has been rather less activity than was
hoped for. Rye has been weak. Ground
feed steady. Cornmeal is in moderate de-
mand. Butter is without change. Eggs are
firmer. Wool and hides arequiet. Fruits are
firm and active.