St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-12-13
The TREND OF TRADE.
Growing Export Business Of
st. Paul Attracts General
Attention.
st. Paul-Made Goods Pushed
rs Forward and in Brisk
Is Demand.
$50.
The Tone of Trade Continues
Good and No Decrease Is
7is in Sight.
Merchants Attest to the Lively
ei Demand and the State
of Collections.


Paul is doing large business in eX-
porting articles that are manufactured
here and merchandise of various kinds
cattle. provisions, jewelry, saddlery,
printers materials. These and many
other lines of trade do valuable bust
ness from this city i'll shipments that
go clear outside of the United States.
The features of grain and flour exports
from Minneapolis, Duluth and st. Paul
are more generally understood. When
we consider the volume of exports, aside
from flour and grain, st. Paul will be
found leading the other cities men
toned to very considerable extent.
These exports are not restricted to
Manitoba and other British possessions.
? Other countries receive a share of ship
ments from ST. Paul. Germany received
1900 head of live cattle from South St.
Paul this year, and 1t is understood that
a large number of cattle went from here
via Chicago to other foreign countries.
The business in shipping meat products,
pork, lard, hams, bacon. from here to
points across the Atlantic is extensive,
but its volume is not easily determined,
much of it being rehandled at Chicago.
What becomes Of all the California hams
and bacon that 60 from here to the
Pacific coast, is question. bnt it is safe
to say that part of these products are
relished by people who live beyond the
eastern shores of the Pacific.
This is the first year that the export
business has been undertaken by a
wholesale jewelry house here. The re-
suits have been pleasing, especially in
the trade with Manitoba.
Distillery products of fine grades have
been shipped from South st. Paul TO va
riOuS foreign countries in large quanti-
ties.
In some lines of business clothing.
tobacco, cigars, furnishing goods. gro
ceries, dry goods and others-the duties
almost preclude the
Extension of Business
in the British domain. Improved ma
chinery and manufactured SpecialtieS.
together with many staple articles of
manufacture and of general trade, are
being exported from st. Paul to our
British cousins. There are articles in
the commercial category that they find
it necessary to buy in Minnesota, and
our traders push their operations very
close where there is chance to COM
pete with the statesmen of the Dominion.
AS far as the general conditions of st.
PauFS wholesale trade is concerned
there is but little new to report. The
very good sales continued and in some
important lines they have continued
longer than the statesmen had expected.
In fact, much past the usual season.
Business in holiday goods is very brisk,
and the notion trade is quite lively. The
clothing business is about through for
the season. The only excitement in
grain is the corner on December corn,
and it seems unlikely to make as large
profits as those made by the November
manipulators. With plenty Of corn in
the United States, and prospect of a
fight over the quality rendered some
time this month on the Decem-
Der contracts, the success of the
corn deal should depend largely
on the word of honor" among the sell
ers. The courts have sometimes here
tOfOre left the plungers TO adjust their
deals as best they could, and the fellow
that was short of money had the best OF
the deal. There is little aside from
freight rates to affect the prices of
wheat. Some particular grade may be
manipulated, but there is no sign 10 that
effect now. Ii the writer is not greatly
mistaken the rule Oh Eastern markets
is that
A Wheat Contract
of certain grade can be filled with
ity OF the grain rendered is as gOod as
or better than the grade called for in
the contract. If this still holds in New
York, the chances of cornering grade
on the Produce Exchange of that city
this winter are very slim.
Generally speaking, the wholesale
men give very good report regarding
collections. Business has been rather
dull in the produce lines during the
week. Muggy weather and receipts
shut off on account of the warm DAYS
that followed Thanksgiving are the
principal causes Of their dull days. Not
outstanding the decreased receipts the
prices have improved very little, espe-
cially in poultry.
Retail business has shown a slight
Improvement on most lines during the
past two weeks. The holiday buying
has some extra effect. By initiating st.
Paul into the higher degrees of the
farm machinery business the W. A.
Wood company made deal that will be
long remembered, and that will build
up vast enterprises IN Minnesota. There
is little to say 10 those who would cry
"sour grapes" Even if it took st. Paul
twenty years to secure this great III
dustry, it is well worth the labor
and patience. When the call
came to take tine stock, the
solid business men subscribed. The
movement has been on foot for long
time, but reticence was ahead of scoops
in these matters. The harvester works
and car wheel works are a pretty good
showing for 1891.
There Is another little fact that is not
generally known even in St. Paul.
That is that seeders were shipped last
week from Minnesota TO Egypt. Just
think of the tide of civilization and in
ventiOn turning itself Eastward, and
supplying the latest improved machin-
cry to the people of the valley of the
Nile. 1t sounds like fiction, and yet it
is true.
The Banking Outlook.
With reference to the banking s;tua-
ton William II. Merriam, president OF
the Merchants National bank, SAID:
eThe St. Paul banks are in very COM
Portable shape, indeed. There is suf-
ficient surplus here. and the country
banks are, generally speaking, well
supplied with money. Some of the
country accumnlations have come here,
and the collections of the whole
sale merchants of this city have
swelled the deposits very no.
tieeably. 1t has been interesting
to observe the wave of prosperity sweep
through our country districts and make
lenders of those banks that were heavy
borrowers only a few years ago. In
fact they send here now looking for
good mercantile paper, and they come
into considerable competition on that
line with our banks. The final effects
of this very gratifying condition of
business affairs in Minnesota this sea-
son must be to stimulate or increase
every department of trade, 1t must be
felt in every direction but most partIcu-
larly in the development of new enter
prises, for which the state has been ripe
| for a long time. This splendid guar
antee OF business growth, now so
evident, makes the business men jump