Daily globe., 1879-01-25


tho Organizations in Milwaukee and
chicaso-something Which the Business
Mems Union, Might Profitably Consider.
Among the subjects now attracting attention
IN ST. Paul, no one is Of more vital Importance.
or Will exert greater influence in developing
ana permanently establishing the commercial
standing of our city, than the organization of
live board Of trade, with daily meetings for
buying and selling grain and other produce.
For the purpose of giving voice to the views of
some Of our leading grain men and merchants
on this srbjcct, GLOBE envoy started on his
travels yesterday, first corraliug Mr.. W. s. Tim
crmaa, manager of the St. Paul Elevator and
Warehouse company. The usual salutations
passed, the envoy got down to the business in
hand, by asking Mr.. Timerman his opinion
of the necessity existing for board of
trade organization after the same general man.
ner Of formation and with the same general
scope similar institutions in Chicago and
other commercial cities.
Mr.. Timerman-Thero can be no doubt of the
urgent necessity for such an organization, if
St Paul really aspres TO be in fact what we
claim for her in name-a commercial city Tie
and street corner style of doing business here-
tofore pursued, especially in grain and produce
matters, ana If we to take rank as a center
or trade III such commodities, as 81 market we
must resort to the same measures to build up
and foster that trade, and at the same time
protect our own operators from imposition as
have had to be and are employed IN other COM
merclal cities. Huckstering must be stopped
and the business Of the city transacted on bust
ness principles. AS it is now, the producer
c yrlr,r ff, chIv
snteo that his shipment will find q ready sale.
1t Is true a decided change for the better has
!aEen place during the past two years. Espec-
la!'y Is this true IN the item of wheat, and to-
day thanks to the enterprise cfsome Of our lead
anG gram buyers and merchants, wheat by the
car loads are daily shipped from along the st.
Paul Sioux City, st. Paul & Pacific and
Northern Pacific railroads, and sold on track.
In tact, this business is assuming proportions
little appreciated by the best informed of our
citizens even. But it is yet far below what 1t
should be and what it can be made by a proper
b2ard of trade organization, made up of
the grain buyers commission men and
merchants OF the city. The needs
OF the interior shipper and resident dealers in
my opinion, i1nperativciy demand such an
agency Tor the transaction OF business. and
the sooner it IS put in operation the better for
ali concerned. Circumstances have arisen the
present winter turning very large amount of
wheat from points nOG before reached to this
market. Thanks to the enterprise and fair
dealing OF our wheat operators, and the
facilities here for handling grain economically
and expeditiously, these new patrons of the
St. Paul wheat market have been made the
friends Of tiis locality. The business Of these
new customers can be retained, and many
others secured and st. Paul firmly established
as the great grain centre of the Northwest if our
citizens will but take hold and set the neces-
sary machinery for doing the business as it
should be done, in motion. And it should be
done now. Delay, always dangerous, is es-
peclaily SO in this case. ST. Paul contains an
abundance of the vim and the capital for sue
cesstuNy conducting such an enterprise. All
that ls needed is to get these elements to work.
ing together as they in some other matters
for the building up and advancement of St.
Paul, and S.. Paul will have live board of
trade III successful operation in very short
TIM. and II the GE.o->' can be an instrument in
bringing the necessary clements to-
gether in the matter, it will have
performed another service emitting it to the
gratitude Of the city of which it is SO able and
consistent ar advocate.
LOU. II. MAxFIELD,
OF the large commission house of Nlaxtield &
Co., emphatic in the declaration that a
dsily exchange for buying and selling grain
and produce was pressing necessity. ST. Paul
10 now the grain center Of the Northwest, but
nothing like the amount of business is doing
here chat should be done. The reason for this
il found in the fact that ace doing business
II tho primitive corner grocery style.
Why Why just look at it. We receive an
Of which just at the time we have none in
store. The different grain dealers and COM
mission houses have to be visited, often con-
suming hours Of valuable time while if we
had daily exchange we could go directly
there a:.1 make the purchase. Another thing,
it would give stability to the market
and stop this gouging, cutting
under, and giving false quota
tons to serve personal temporary ends. The
sales would be public, and producers all over
the country naturally tributary to St. Paul,
cnnd Keep the run Of the m arket and to know
its advantages or disadvantages rs compared
With other localities. The result would be
that the demand and supply would be more
Cluaized than now, while the business would
be more economically and satisfactorily han
died than now, both to tho seller and buyer.
llls market Is now drawing coarse grains from
northwestern Iowa and Nebraska, but the
anomaly is presented that while these points
nre several hundred miles nearer Us than Chi
uago. owing to freight combinations, but prin-
cipaily to the fact that we have no regular
market sales for establishing prices and indi-
ca*l7g the necessities Of trade opr dealers are
often compelled, when having large contracts
to I'll, to go to Chicago and fill their
orders With grain shipped right past our doors.
This is like carrying Goals to Newcastle, but it
is done frequently, and will continue to be
done nntil our business issystematized through
"a
sion. Such organization will receive every
encouragement from our house, and trust the
GLOBE sill be successful in creating an interest
in the matter that will lead to it's speedy Or
i;anlzation,
MR. L. a. GILBERT
OF the extensive grain and produce firm of
Mcilr$th & Gilbert. has been in favor Of such
m organization for several Yeas past, and has
used his best cndeavor to put little life into
the body organized several years since Mr.
Gilbert had no doubt that there was CRYING
necessity for such an Organization. The wheat
aud general prodnce trade Of the city was
growing rapidly. His firm were in daily re-
ceipJ OF wheat and coarse grains from their
correspondents for SALE TO fud purchasers
often kept him running about the entire dav
whereas if p change was established the entire
business could be done in half an hour to the
saving of the time and money of the firm and
to the better satisfaction of the shiprer. The
hoard established, his firm would do all their
buying and selling on Change, and he had no
doubt of complete success if the business men
would take hold OF it IN Proper spirit.
HR. Il. BARDEN
is one Of the heaviest wheat buyers in the
Northwest. He declared himself ready and
anxious for such organization, and when
done he would meet with it daily for the pur-
pose of bidding for offerings. and selling when
he had anything to sell. It would, he said,
prove benefit to both buyer aud seller, and
prove beneficial to the city in developing the
grain business Of the city. The movement
had his hearty sympathy, and it started,
would have his hearty support.
MR. j. j. HILL,
Of the st. Paul Il Pacific railroad, considered