St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-29
1HE TREND OF TRADE.
low Retailers Feel the Effects
Of the Returning Good
Times.
While Jobber5 Hustle Hard
to Keep Abreast Of Their
Orders.
Money From Crops Makes It
self Felt in Every Diree-
ton.
st. Paul Merchants Write the
Trade History OF a
Week.

lively demand next spring and summer
are excellent. The lumber market con-
tinues steady. but little disposition
being shown to sell at under the mod
crate prices of the official ''scale."
Another increase in the lumber cut"
seems certain for next season.
The wheat movement continues heavy
from all parts of the Northwest. a
generous allowance of crisp. cool wealth
er has brought the farmers to their mar
keting towns, and their payments be-
gin to show marked increase in the
receipts of the wholesalers. The whole
sale trade has had very good collections
throughout this season. Many out
standing accounts have been cleared up.
and still better collections are expected
III January. While higher prices for
wheat would be very desirable for the
farmers, yet the crop is so bulky that it
leaves little chance for a successful bull
movement. With the Buffalo elevators
blocked there is chance of good many
cargoeS being caught by ice in her
outside harbOr. Duluth will soon have
the same trouble regarding shipments,
but the grain will keep moving east
ward by rail. Wheat is cheap, IN view
of the foreign demand, but an effort to
manipulate the value on the bull side
for December or January would require
a heavy Investment. 1t would not be
like November corn, where the stocks
OF Old corn were known almost to a Ger
tainty, but it would be open to cOntin-
ual additions to the ''stOcks in sight"
The grade of the wheat is back in tenn
porary bins and stacks on Northwestern
farms Will be better, generally speak
ing, than Eastern dealers appear
to expect. The farmers can hold
there until spring without storage eX-
pense. The quantity that is likely to
be held in this way, unless a decided
advance draws it out, is so large that an
estimate would be poor material to work
corner" on. The gram situation in the
United States does not warrant more
than moderate increase In prices.
In live stock, the run of Northwestern
range cattle will be finished this week
and the trains in sight bring the total
numbers for this season I'D to 2O5.O
head. These average about $50 per
head net in the markets. a total of
81, l75, 900 realized by the Montana and
Dakota stock growers. Native beeves
that have been granted are IN fair de-
mand at st. Paul for the Christmas
trade, and better range Of prices on
all grades is looked for soon. Prices of
hogs and sheep have picked up a little
here lately. Hogs, in fact. have been
selling at good figures here as compared
with Chicago prices. The Eastern
stocks of provisions are heavy. and have
kept values down. The demand has
begun to improve little.
Interest in Northern Minnesota and
Montana mining properties is imprOv-
ing little. and great improvement is
reported in farming lands and pine
lands. Railroad construction promises
to 90 forward rapidly in the Northwest
next year. An increased construction
OF residences. business houses, manu-
factories and public buildings is GER
tain. The extremely good business of
the flour mills seems likely to continue
during 1892.
With good prospects in the line of
construction and manufacturing, as
we'll as in other lines, that cause wages
to circulate, the semi-centennial ami
versary year of st. Paul will close with
greater promise than ever. Retail deal
erS report marked improvement in
their business, especially this week.
Those interviewed showed larger
business than last year. The wholesale
trade in merchandise. dry goods, hard
ware, clothing. drugs, boots and shoes.
hats, caps and furs, leather and Saddlery
hardware, notions. TOYS, rubber goods.
and in almost all lines, is in excellent
condition. None of the wholesalers
show any unfayOrable view Of the situa-
ton.
Among those interviewed were the
following:
OF IF,
American bank. said: The wholesale trade
of St Paul is in very good shape. and the
banks are in very good shape, so that there is
plenty OF money for legitimate demands.
How has the movement of the grain crops
drawn on the banks. Mr. LOckey:'
The movement Of this grain crop didn't
come ali at once. You see, it was distributed
somewhat through the season, and q similar
distribution will continue for a good while
until the crops are marketed. Our banks
were prepared TO meet any call, and had
plenty OF currency, which is getting into use
4 great deal Of it is now circulating among
the Northern Minnesota and North Dakota
banks. Our deposits ksep up well, and bust
ness is quite satisfactory. The demand for
money is fair, and general business is good.
E. ". Peet & Son, Bonds and MORTGAGES
Municipal bonds and bonds OF good CORPORA
tons are in demand at satisfactory figures
all around. This section offers some very
desirable securities in these lines. and they
sell well They are in demand among East
ern people, and our customers have taken a
large amount of Northwestern bonds this
year. Eastern investors are particular con-
corning the security offered on mortgage
loans, which is entirely proper. and full
security is required on real estate mortgages
Frank Schlick Jr., Field. MAILER & Co..
Retail Dry Goods. etc.-We were formerly
located in q much smaller establishment
where we had built up a frst-class business
Coming from there to this large store was
quite an undertaking. for unless we doubled
the trade here we might better have staid
there. The fact is we more than doubled
our trade during the first year here. October
and November are our first two months over
year-frsU chance for comparison in
this location. and the business is more
than p per cent greater than it was
during the corresponding two months last
year. Our outlook for an increased trade
never was better. and the trade of this season
Is more than Satisfactory-it is better than
we have done during any year of our thirty
five years in business. Our force is three
times as large as II was In the Old location.
We have 40 employees on our pay roll-ab0ut
forty more than we had one year ago. Of
course the demand nowadaysi is for fine goods.
and we have always made it point to keep
them, but our stocks now win compare with
leaders Of the East and particularly with
those OF Chicago. Firstciass help is another
factor in our business. and We have the best
that can be found. our country orders (by
NALL are for a better class OF goods than ever
before. The best goods in silks dress goods
and clOaks met with The readieSt sale in the
mail order department this season.
Jacob Mannheimer, Mannheimer Brothers.
Retail Dry Goods. Etc.-We have done good
business, better than asst year. andOUr col
lections are very good this season Sales in
some departments have been hig-ly salts
factory. You know, we don't carry the low
grade goods, and our customers appear TO be
well pleased. There has only been one year
in our business when we did better than this
year.
NJ. W. Fitzgerald. P R. L. Hardenbergh &
Co., Wholesale Leather and Saddlery Hard
ware-No particular change in the wholesae
situation. Same good report.
Jsmeg W. Warren. Arthur Warren & Alb.