St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-02-01
BUSINESS IN BOSTON.
That is the Absorbing Topic at the
Hub and the Feeling Is Gem
orally Hopeful.
Fierce Contests at Polo, which Frequently
Result in Broken Heads and
Manned Limbs.
The Great Slugger Comes to the Front
Again-Politics-The Color
Line.
Especial Correspondence of the Globe.


business is the one topic which absorbs pub
lie attention to q greater degree than any
other. | called upon the mayor yesterday to
talk With him concerning some affair con-
nected with the city government, and the
first question he asked, after the morning
salutation was: ''What do you thiuk of the
business outlook" / met Adjutant General
Dalton an hour afterward, and he asked me
what the business prospects were. | called
at the office of Republican lawyer, and
when We began to discuss President
Cleveland's cabinet he interrupted with
the remark that be believed business would
be better as soon as it WAS known who the
secretary of the treasury would he. The gen.
eral feeling is hopeful. 1t Is true that mer-
camille trade has shown no signs OF boom,
although our holidays brought out greater
number of purchasers than ever before
thrOnged our stores. The money spent was
less than year ago, because people gener-
ally bought cheaper articles for Christmas
presents. This indicates shrinkage in the
income of wealthy people, and. that the me-
chanics and clerks are not especially
oppressed by the dull times. Trade is in a
fairly healthy condition, however. There
are greater number of short credits
than usual, but long credits are neither asked
nor given as a rule.
MONEY Is PLENTY
at cheapest rates, in the banks, but It is
loaned only on best security, and those who
have the security are waiting for more Wig
orous aspect Of industry aud commerce be-
fore asking for money to invest in anything.
Therefore money is not IN free circulation,
and collections are slow. The cotton man
ufacture, which is looked upon sometimes as
the principal or staple industry of Massachu-
sets, does not give very good promise Of
good results IN the near future. Fall river
has reduced the wages of her operatives to
lower point than ever before,
and the mills of Lowell and Lawrence have
heen obliged to follow, to some extent, in the
same direction. Fall yer has been the
scene of almost universal labor troubles for
the last ten years. Some of her mill treas
urers have stolen few millions, and gone
TO Canada and the state prison, and the mill
owners simply make the operatives refund
the money, by a reduction in wages and an
increase in rents. The general sentiment
in LOwel--s'thc spindle city'-is for re-
vival OF the cotton industry in the spring
or summer, and boom in the fall.
This prediction they base upon the
present minimum of manufacture and
the prospective increase in the demand of all
commodities upon the resumption of general
industries, and the
RETURN OF BUSINESS CONFIDENCE.
1t is noticeable fact that in many indus
tries there is already an encouraging revival.
The boot and shoe manufacturers have bet
ter orders than anticipated, AMI are starting
up their works, adding TO the number Of
employees, and increasing the hours Of run
ming. The great chair manufactures in
Worcester county are overrun with orders,
which they are struggling to ELL. The nail
works at Wareham and Middleboro are en-
couraged BIZ the advance OF prices by the
Western Nail association, and will resume
operations at once. The straw shops are
doing n gUod business, and clothing manu-
fsctuTrrs are pr5paring to ill better orders
than they had last year. The wire works OF
Palmer aud Worcester are running on double
time. In fact most Of the important indus
weaving, show an improvement FROM week to
week, aud they will all have an influence
toward the revival of trade, By setting money
in motion.
The humber of deposltors in the banks Of
Massachusetts increased 10000 during the
last year, while the increase OF deposits was
$ll .296, $50. | give these hgures simply 10
show your readers that the people in this
state are still prosperous. and have some
thing left with which to buy the products Of
the west. We already pack more pork In
Boston than is packed In Chicago, and Mass
achusctts is also able to boast that her soil
can yield more pounds OF tobacco aud more
bushels Of wheat to the acre than is possible
in any state In the union.
AN INTERESTING FACT
IN connection with savings banks comes
from Maine, where the aggregate deposits
amount to $50, 913,S or an average OF
about S52 for every individual in the state
She has "a. 900 farms aud 50, 900 farmers,
aud among her products last year 10000
tons of butter, worth on au average %
cents per pound.
But turn from these Insignificant tri1es
to the more important industry Of polo, or
hockey 10y rule. The work. has gone daft on
polo herrahuuts. Every town and hamlet
has club, and most of them are hot in dis
pute ov1'r tue merits Of the several rival
clubs within their own borders. ret con-
fused ia the horse cars, in nv Office, al the
club, and even ut my ovu breakfast table.
by the uninteliigible admixturr OF goals, and
ccnters, and rusbers, and half backs, and
,nvar roipfs ali tho st of fine faro