St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-08-24
Everything Points to a
Steady Improvement in
Business Lines.
Good Crops, Better Prices and
Diversified Farming at
the Bottom.
The Tone Of the Northwest
Gradually Taking on Ro-
bust Health.
Business Men Confidently An
tieipate an Era Of Pros
perity.

The waning of August marks Tn
close of the summer season. with ltS
consequent dizziness of trade and traffic,
anu the advent of fall, when CONNER
cial interests of every character are nat
urally supposed to brighten. The COM
ing of September, especially after what
has been a rather quiescent summer
condition, is anxiously looked forward
to by merchants for what it may bring.
What is the fall outlook? is question
that conveys more than simple curios-
ity. Naturally the fall pressages a
Frightening up of business conditions.
What is the reality?
After careful survey Of the slJua-
ton from the standpoint Of leading
bankers, manufacturers, jobberS and re-
tailers, the GLOBE feels justified in the
statement that steady Frightening of
business may be anticipated from the
first day of September; that the coming
winter will be an improvement over the
last, and that by spring healthful,
buoyant tone to business of all kinds
will be fully re-eStablished. The most
potential factor in this result is the con-
dition of the farming community OF the
Northwest, upon which the prosperity
of st. Paul largely depends. While the
crops for 1890 are not particularly large
and the quality not of the highest the
yield is very satisfactory one, and the
peculiar conditions will make farming
more than usually profitable. But the
most hopeful sign is found in study
of the estimated crops, which diScloses
their unusual diversity. 1t is made APP
parent at glance that the farmer of
the Northwest has come to realization
OF the fact that in diversity Of product
lies not only profit, but security. The
day has gone by when wheat alone
is to be the great product of
Minnesota acres. and is succeeded
by the day when total crop
failure is impossible. and day when
the producing quality of the land may
be utilized to its utmost without eX-
hausting the land. If the present crop
estimates for 1899 is verified, the really
most gratifying feature of the crop will
be its diversity.
The second important factor is the in
creased receipts of the farmer for this
year. In 1889. the average price re-
ceived by the farmer for wheat was
about 60 cents. The fact was that re-
peated dull crop years compelled the
farmer to dispose Of his grain at the
first possible moment and virtually at
such price as the elevators
would pay. But last years fine
crop in Minnesota placed the
wheat grower in position TO store his
products this year and sell to better
advantage. Joined to this is the con-
ditIOn OF the market which should
make wheat worth to the farmer, this
At nj
about % per cent over last year. The
grand result will be that farmers this
year Will be profitable and farmers will
have money ahead. The country banks
viii carry balances, the city banks will
carry larger ones, the country stores
will make collections and settle with
city jObbers. and business will look up
In all quarters.
I'VE fnd," said prominent grocery
iobber, THAT our collections are already
improving through the country. l see
every reason for believing the coming
fall will be good one, with orders
more plentiful and fewer accounts to
carry over. Business through the state
will be conducted more on cash basis.
1t appears, from our standpoint, that
affairs are shaping themselves. well
throughout the state, and assuming
solid basis that will cause steady inn
proYement. Last spring was better
than the preceding one, and this fall
will continue the Improvement. If
this is carried out, look to see
1891 come in in good shape and disap-
pearance of the signs of hard times.
What we call good times are merely the
logical results of known causes, and
these causes operate slowly. We cannot
expect to leap at bound into prosper
Ity, but believe we are approaching it
by easy stages. If there is DO money
panic IN the East and no prostration of
commerce by strikes, / am prepared to
look forward to Frightening condition
Of affairs in the Northwest"
Eyes, money is little close in st.
Paul Just now" said Cashier William
Dawson Jr., of the Bank OF Minnesota,
'but there is nothing apprehensive in
The condition, and nothing particularly
threatening to us in the demand for
money in the East. The condition in
New York is easily misunderstood here
for the heavy premiums there are only
upon daily balances. | never take
much stock in the blues, and am well
prepared to believe there is brighten
ing period just ahead of u.s."
1--WE have nothing to complain of"
said a Third street retailer yesterday.
"Our spring trade was highly satisfac-
sory, and though summer was decidedly
dull, we have made such preparations
and such outlay for fall as certainly in
iicate our confidence in good season.
Dur country advices are f1attering, and
we rely upon sleudid fall and winte
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