The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1884-07-24
THE NORTHWEST
A Grain Producing Country without a
Parallel.

Crop prospects in the Northwest are excep.
tionally good. Conservative estimates, based
upon careful examination show an acreage Of
about 10 per cont, greater in wheat than last
year, The seed was sown two weeks earlier,
and more care was taken in cultivation The
rains have been timely and abundant Sub
stantially all contingencies, affecting the crop
have passed, and the result is assured. Indi-
cations are that the yield per acre will be Is to
% per cent greater than last year, and reach
an average Of l6 to Is bushels, Whether
America can successfully compete with Aus
trnlia, Russia and India in English wheat mar
kets is u question Of cost of production, trans
roftation and quality. The superior quality
OF Minnesota and Dakota MS against the world
is conceded at the market centres. Wheat
can be produced in the Northwest and delivered
at the shipping point nearest the producer at
65 cents u bushel. The veteran millers of Min
neapolis say, unhesitatingly, that even at IS
cents bushel, with present rates of transport
tation, wheat or flour can be delivered in the
English market at prices which wi defy com.
petition from any quarter of the globe,
The banks OF the Northwest are in very
sound condition. For more than a year they
have pursued a conservative policy, looking
forward to probable financial disturbance in
the East. AS result they have met the
emergency without difficulty, and have been
enabled to come to the aid of many business
men who ordinarily rely on eastern
funds, Large amounts of New England
capital are used in manufactures here.
With the furry in Wall street. eastern lenders
became sensitive, and wanted to count
their money. 1t is a noteworthy fact that not
single extension has been asked where the
loan was called, The banks here are meeting
the demands upon them with the prompt
payment of nearly two millions. In this way
confidence has been quickly restored, and lend
ers are again in the market, and loans are be-
coming easier The banks have pursued and
are still pursuing libessl policy toward re-
spousbe patrons for legitimate business needs.
1t is the Judgment of all our leading bankers
and prominent business men that such q
cou'se is the only wise, Just and safe one
to pursue at this time, and the only feeling
of apprehension here is based upon the
possibility that eastern financial insti-
tutions may carry a policy Of timidity
and excessive caution to a hurtful extreme.
The condition Of general trade in the large
region tributary to Minneapolis is healthy and
the prospect is excellent in view of assured
good crops. Even with present or even lower
prices for grain, t northwestern farmers will
ne piaccu III e'sy HhilncHu circumstances Dy II
large output of wheat and other cereals
lie ding jobbers of this city report their sales
considerably larger than last year. and collec-
tons % per cent better than at correspond
ing period in 1885, In other lines of trade,
especially lnaber, the improvement in volume
and ease of collections are noted with the un-
precedented crop in the Northwest.
The traffic on all lines OF railway centering
here will be largely increased J. J. Hill,
president of the Manitoba railroad, c. ii. Prior
Of the Milwaukee st. Paul and w. III. Trues-
dale of the Minneapolis & s.. Louis have care
fully investigated the crop condition and pros
poets along their respective systems. All
agree in saying that at no time since the con-
struction OF the roads has the promise been so
excellent for the carrying trade, with conse-
quent certainty of large excess OF earnings over
any previously year. All prominent railway of
fcials here concur in this opinion.