St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-28
ALBRIGHT STAR AHEAD.
Good Crop Reports Cause st.
Paul Merchants to Smile
Audibly.
Wholesale Firms Outline the
Business Situation Now
and to Come.
Trade Averages Keep Up
With Previous Years, and
Activity Promised.
Retailers Speak Confidently,
and the Real Estate Mar
ket Feels an Impulse.

sources and through the medlum OF
agents. The four reports were those of
the Omaha and Manitoba railroads, the
commercial agencies and the state agrl-
cultural society, -. HI
That all four operated from the basis
of an honest desire to report the actual
crop condition, and not exaggerate
nor depreciate, is weIl-evideneed by the
fact that when they were made public
the general estimates. of each were
closely alike. All agreed that, with the
exception of sparse sections bere and
there, Minnesota's wheat crop would
yield from twelve to fifteen bushels per
acre, and corn, barley and oats proper
tionately. All agreed ON basis OF in
crease in the wheat cropqover 1888 of
from 9,000,001 to II 100000 bushels. The
effect of these reports, and especially of
the last by the state agricultural So
ciety (Which went more below the sur
face than the others in its inquiries),
was at once felt in a happier tone of the
market and more confidentsexpreS-
sion of sentiment from the business
men.
Harvest is now at hand-in many
localities already begun. The new crop
will be moving to some degree before
Sept. l, and the market feels its inn
pulse. Understanding this. the GLOBE
has secured consensus OF opinion
from a number of leading wholesalers
and retailers as to the present and
prospective
HEALTH OF TRADE.
Representatives of Allen, Moon e.
Co., P. II. Kelly Mercantile company
and Ryan Drug company gave the fol-
lowing pertinent wholesale infOrma-
ton:
mo city in the country has wealth
cred the dull times as favorably. as ST..
Paul, Every one of her conditions
seems ripe to meet the new activity OF
trade. The volume of tradesis as rule
deprecated in July and early August,
but no more so this year than last or
previous years. The country demand
for goods is firm and cash payments not
by any means as slow as the times might
indicate. Even with the natural de-
preston of the last twelve months, con-
siderable new territory has been added
to st. Paufs area of trade. She is to-
day the strongest factor in Northwest
ern trade beyond the state line. We
should say as an authoritative state
ment that the condition of trade is NOM
inal with strong prospects for unusual
activity by the opening of fall. The re-
ports from our correspondents, except
from certain sections, predict
much heavier yield than in 1888,
and a possible average of from
twelve to fourteen bushels per acre.
If this proves to be the case, North
western trade will resume it's old gait
very soon. The new crop must begin
to move before money loosenS much.
The first impetus will be felt i'll the
county in accelerated trade. settlement
of old debts and better collections for
wholesalers. We regard the talk of
panic as sensational and unwarranted-
based upon no facts and inspired by
vicious parties. Business has been con-
Quoted on most conservative lines and
with no tendency to injurious Syecula-
ton. While st. Paul is down to the bed
rock, she never was in finer condition to
take advantage of a new crop at fair
price and all of the prosperity it entails.
While the country was short nearly Sl0.-
100000 last year, certainly the outlook
is more than fair to regain at least half
of it this fall.''
RAILROAD NOTES.
Reports CLEANED from the the tele-
graph departments OF the following
railroads:
Manitoba-Wheat through Minnesota
and eastern edge of Red river valley
more than average; fair amount of
rain except due west; weather favor
able to growth; sections of North Da-
kota crops very thin, alth ough other
portions above average; estimate
yield at 10 per cent.
Omaha-On Western division through
to Worthington, diversified crops fine;
wheat fair to good; fair amount of
rain; think crop may be 70 per cent:
Northern Pacife-Along lines in Min
nesota average to good condition; two
weeks of fine weather will insure large
increase over 1888; crops yield probably
70 to rs per cent. ~ts &.
Minnesota 81 MISREPRESENTATION
river in Minnesota: Small amount of
spring wheat soWn; diversified crops
above the average; harvest yield GER
tainly 20 per cent. .'a 1*a-r --* '.y'
From the same source it was CLEANED
that the wheat centers of Winona, Man.
kato. Ortonvlie, Bird Island, St. Cloud,
Fergus Falls and Moorhead report
vast Improvement in standing grain,
and no possible danger to it now save
heavy winds and hail. The average of
rain over the entire state is not as much
drouth is reported from any one point.
Harvest will be well under way by
Aug. in the northern sections of the
state 1t is now in progress in North
Dakota.
MORE WHOLESALERS.
Representatives Of YAM, Griggs &
Howes, Farwell, OZmun d Co., I'll. G.
Burbank & Co.. said:
1.-THE state agricultural society's crop
report will go long way toward diSa-
busing Chicago ideas as to bad crops in
this country. Our country adviceS are
all quite favorable to date and mark a
speedy advance from dull times. The
market has been stringent, but no more
so than in any other commercial center
in the country. Our depression has
not been so great as that of Kan
SaS City, by any means. Should the
new crop average 70 per cent, it
means sudden volume of business
for the railroads, and their prosperity is
the precursor OF revival of business.
st. Paul has stood we'll by the country
in these dull times. and her commercial
credit and enterprise are higher to-day
than ever before. She is certain to
reap valuable reward when trade ac-
tivity begins. September will probably
witness the first revival of business, and
should the winter open up cold, 1t Will
go long ways toward restoring eQui-
libriumS now disturbed"
RETAILERS.
At the retail grocery houses of Yerxa,
Micbaud and Schoch the following facts
were cleaned:
"Ignoring the fact that merry war is
in progress. cash sales for this season of
the year are better than usual, but until
there is a revival of business notable
increase in the volume of trade can
hardly be expected. With large num-
Der of people out of work the standard
retail trade suffers. Good times
make good business. Still, there
have been to our knowledge
no heavy losses in the retail
lines. This is largely due to the con-
servatism of st. Paul merchants, who,as
rule, ara not given to validating.
The number of business failures has
been conspicuously small, and certainly
not sufficient to indicate any shakiness.
The volume of trade added over last