St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-22
F0ILS SPECULATION.
When Wheat Stocks Diminish
Option Sentiment NAY
Change.
Big Syndieates Hampered by
sthe Holding Back Of the
Crop.
Bankers and Merchants Dis
cuss the Mercantile Stu
u alton.
Trade and Traffic Experience
the Usual January
e Slack.
q p

Values of wheat reacted during the
last half of the week and closed about
as low as at any time since harvest. 1t
seems very cheap when compared with
the prices of mess pork and other
articles that spectators operate in. Be-
tween the substitution Of cOrnmeal and
other food products OIL the continent
and the curtailment of dealing in wheat
OH the home boards OF trade, the farm
erS come out of the small END of the
horn. When the wheat syndcates find
that the wheat is pretty well cleared
cut of the country, they may be disposed
TO have option legislation postponed for
another season.
May pork did not reach the $40 price,
which many of its friends expected last
week. The heavy packers have sold
quite freely on the advances, and it
looked as though they were unloading
their stocks. Hogs are scarce, how
ever, and there is no fear Of pork going
down soon to the low range Of last sea-
son. 1t should be remembered that
people will eat larger proportion of
beef when the prices of fresh pork are
sharply advanced.
at the Banks.
A favorable situation exists in bank
ing circles. The following is quoted:
G. E. RittenhOuse, president Peoples
bank:
There is good demand for money in
the Northwest at full rates, but there is
ness has caused demands in the West,
while in New York money is bringing
comparatively low rates. The abnor-
mally easy condition that was notice
BILE in the Northwestern money markets
last summer has changed. and business
is really better in the banking business.
Eastern exchange is bringing pre-
MUM"
The bankers that handle large
amounts of exchange report that the
rates to New York have declined to Is
cents and to Chicago 50 cents and 10
cents.
Among the Builders.
At the Builders Exchange a feeling
has been awakened against the con-
structon of flimsy. poorly built houses.
There is disposition OH the part of the
members to ignore the efforts of a few
real estate owners who seek to put half
flashed houses on the market. Such
houses frequently remain unoccupied
and protitless. Generally speaking.
reputable builders decline to undertake
such contracts. The exchange seems to
be bound to maintain the substantial
methods in the different classes of con-
tracts.
This may properly be termed the dull
time i'll wholesale trade, but good
business is being done considering that
it is so soon after the holidays. Collec-
lions are only fair. The manufacturers
point to the great additions now Begin
ming in their line. They are pleased to
see these additions. A prominent manu-
facturer OF cigars, John Hart, of Hart.
Murphy IL Whaley, said:
1--WE could use a good deal larger
force if we had the room. as the bust
ness is growing very satisfactorily
There is an improvement in the demand
for goods of home manufacture. Let
the conditions be equal and the manu-
featuring will grow here right along.
The general outlook among the manu-
facturers is quite favorable. The job
bers and other commercial Organza-
tions are valuable in developing the city
in this direction"