St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-03
The TREND OF TRADE.
A Calm Consideration or the
Drift and Course or
Traffic.
Important Bearings Of the
Money Market Upon Com
MERGE. r
A General Easing Up Of the
Commercial Situa-
ton. b
Intelligent Discussion or the
Situation by Mer-
chants.

to their files of orders, and the manu-
facturers are busy on goods for I'M
mediate delivery, as well as for the
future business.
The more the. jobberS look into the
situation the more do they find that
buyers are disposed TO be conservative
aud to keep their affairs OH substan-
tial footing. The course is wise i'll view
of the unremunerative returns from the
leading grain product. LII the numerous
portions of the Northwest where dl-
versified farming is pursued the DuSl-
ness condition is excellent.
Compared with one week ago, wheat
is % cent lower for May at III cents,
and % cent higher for July at 721s cents
per bushel. On March 20 the May ep-
ton went up to 1924 cents, took the
phenomenal fall of cents III seven
minutes, and sold as low as ~ cents.
The reactions from these declines In
dictate that the bull interest still holds a
large line for May.
Nav pork declined S1.4O and July
pork s1.3O per barrel during the week,
and live hogs now threaten to go down
to cents.
Occasional ripples of financial talk in
the East keep floating estward.
Among these, on the question OF bonds,
Hambleton IL Co., of Baltimore, SAID:
'In our opinion policy OF selling bonds
for the purpose of raising gold-ln
other words, using ones credit 10 sus-
tain ones credit would be very in
juaicious, and the remedy would be
worse than the disease. AS tempo
rary eXpedient such policy might be
tolerated, but it is indefenSible. and we
may depend upon IL moth ing short or
a repeal of the silver act OF 1870 VIII
cure the evil"
During the early part Of the week the
dispatches showed some anxiety on the
part of Wall street operators, who feared
that money would again loan at ab-
normal rates in New York before the
lst of April. That probably limited
their SpeculatiOns. Money remained
comparatively easy, however, except on
one day, when the demands from the
New England states forced rates to
premium for time, but only short
time, however.
The Milwaukee Il st. Paul, Omaha u
Northwestern roads on March % paid
their interest due April l. 1t has not
been a general custom for railroads TO
pay before the due date.
The Railway Age estimates that there
is surveyed or projected 27,765 miles OF
railway. A considerable portion of the
mileage to be built during the year is
in the timber ana iron regions OF North
ern Minnesota.
The Equipment Guide, discussing as
to whether or not there is general short
age of freight cars, claims that there
are, generally speaking, cars enough,
n H.
vantage. 1t holds that the present
average performance of twenty-four
miles per day can be increased to fifty
miles per day, and it recommends the
extension of the car service or clearing
house systems Of handling freight cars.
New freight cars built were, in 1899,
10000: in 1891. %. 700; in 1892, $1,000.
While the North western lumbermen
have had a splendid log cut, with luiE-
beI selling readily at good prices, and
while the Canadian timber market is
| healthy at 80 cents to 81 per thousand
| higher than the prices of one year ago.
| it is not overlooked that the business OF
| Pacific coast lumbermen is scarcely
| fair, and they are reaching for Eastern
| trade. Among them Cyrus Walker says:
The San Francisco market is demon
| allied: the small China trade has not
! grown any, the South American trade
| does not amount to much, and Australia
is dead. In the latter country they
| have not recovered from their depreS-
sion yet, and the yards are mostly over
| stocked" o..
There has been some complaint Of
shortage of cars for lumber, especially
at Minneapolis, but the shortage is be-
! ing overcome, and st. Paul has all the
| cars that the yards require.
! Among the coming events of st. Paul
are: May Is to 90, National League of
! Press Clubs; June Z, S and O. Great
| Northern celebration; June 10, Loyal
Legion; August q, real estate congress.
Secretary Wall. of the real estate eX-
change. reports all improving demand
| for residence property in all parts Of the
city, and that the general outlook is
good.
Live dealers in realty have had fair
business of late.
In Banking Circles.
| Money continues in active demand
here, but on substantial footing. The
! holiday restricted business. and made
exchange irregular yesterday. 1t closes
| nOminally unchanged. No exciting news
from the East yesterday, and the strin-
gency atNew York, caused by prepare
tons for April settlements, is believed
| by leading bankers to be only tell
| porary.
Take it all in all, there is very good
feeling among the merchants concern
ing the trade situation. There is one
thing sure, they are doing a safe, sub
stantial business. though in A few>cases
il is not any larger than that of last
year The interviewed say:
George w. Freeman, president G.
GotZian IL Co., manufacturers boots and
shoes:
Our business is booming. and we are
running both factory and offices nights
as we'll as days. Can't stop for any
thing now. This last three or four days
fine weather has also brought about. q
buoyant sentiment or feeling among the
traders and manufacturers. 1t adds to
the business. There has been quite a
stiffenng in the values of leather, and
rubber goods have advanced % per cent.
Collections are coming in fairly we'll. |
think Minnesota has good business
backbone.
Moves Bros. & Cutler report drugs
firm and unchanged, except opium,
which is 50 per cent higher, and quihine
shows a slight advance. Business pick
ing up ana collections good for the sea
son LII paints, oils, etc, they report
no change.
John Wilkinson. of the Powers DIR,
Goods company, calls the market steady
to firm.
c. j. McConvlle. Finch, Van Slyck
Young d CO.. Wholesale Dry Goods
We have-had the best week of any
week for quite a while. 1t was one oil
the most active OF the season. 1t is evi
denced by these few days of bright
weather that sunshine rapidly diSpeleC
the clouds of uncertainty thai hung oyel
the trade situation. a fair number %
: buyers have appeared. and they have
made moderate purchases. the low price
of wheat causing conservative COURSE
on the part of the buyers. There ar,
no new changes in the market. Price
are steady. and while some g09dS arr
scarce the Iull in trade of the pas
month begins to equaliZe the supply
. ana demand.
James Il Skinner. l.1lpiinr. Finch d
SKINNER. wholesale, ana MANUFACTURER:
turS. hats. ETC.:
Our trade is quite satisfactory an.