St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-10-30
The Balance Of Trade Is Very
Heavily in Favor Of st.
Paul.
Ten Millions Have Come Our
Way in the Past Two
Months.
The Sound OF Music and the
Dance Very General Last
Night.
Christian Home Entertain
ment and Soeiable by the
st. Andrews.

"Money is unusually plenty for this
season of the year," said L. E. Reed,
of the Capital bank The banks were
never so we'll off financially during any
| previous October. 1t is very notable
fact that there has been received in st.
Paul and Minneapolis during the past
sixty days not less than $4,000, GOO more
money Coin and currency than has been
| sent away. While, during these two
months, one bank has received fully
$3.50, 900 of this, the larger banks of the
Twin Cities have each received proba-
bly, millions. This does not refer to
drafts or exchange, but is actual cur
rency received from the New York sub
treasury and the banks of Chicago. 1t
is now supplying the Northwest es-
pecially with small bills in moving the
wheat and other products. This large
addition 10 the resources is brought
here oil the very favorable express rates
of the government, namely, SIS per
$1,000, instead of 500 to $3.50 per 81 600,
which were previously the eX-
press charges. We send drafts
to cur New York correspond
ents. They arrange for the
eXpreSsage there and the sub-treasury
forwards the coin and crisp new cur
such denominations and kinds as they
want True, it occasions Il few days
delay and ties up millions of dollars in
transit for short time, but we look out
Tor that point The arrangement is
quite satisfactory for the banks and
their customers. The money packages
come here under the broad seal of the
government. They pass from hand
to hand and through the clearing
house without further counting
The deposits in the banks are heavy
and the demand for money is not great.
The banks want good borrowers, and
kilograms Just received show favor
able Eastern demand for good mercan-
tile paper of the Northwest. The finan-
cial condition of st. Paul has not been
better for thirty years. The condition is
good in Minneapolis, Duluth and gener-
ally III tue country banks. The payments
Tor wheat have averaged about $3.50, 0G0
per day for the past thirty days and
general business is FEELING the good eff
fectS of the distribution of funds, which
is now more likely TO increase from day
to day.
The scattering of this S10,000.000 of
currency broadcast among the farmers
of the Northwest must necessarily do
great good by increasing trade and eX-
FNbitii'SS OOILONliOllS. HC w lIOlESuitlS
are reaping immense benefits by reason
of the great crop which is bringing such
handsome returns to the state. The
sales of several of the wholesale houses
OF the Twin Cities during the month of
September amounted to more than $780,
90 each"
With reference to the receipts of cur
rency as stated above, j. w. Owens,
agent in this city the of Adams Express
company, said yesterday: II have not
figured closely on the amount received
during tue past two months. but it is
large, l think fully ten million dol
Iars. Judging by our great increase
of business in this section the
situation must be very gratifying to the
merchants. If there has been any
period of gloom in the Northwest, it
must be quite dispelled in the lines of
wholesale trade. l recently returned
from trip to my former home in Gin
cinnati. during which | visited several
prominent cities, and ] returned more
than ever pleased with ST. Paul"