St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-09-27
BUSINESS BOOMING.
The Revival Of Trade Rolls
On Like a Mighty
Ocean.
Four New Wholesale Con-
Germs Join the st. Paul
Phalanx.
This City Attracting the Gaze
OF the Shrewd Eastern
Investor.
Collections Show the Effect
Of Prosperity Like Every
thing Else.

The condition of trade in the whole
sale lines remains as it was stated to be
in the GLOBES previous trade articles
the most prosperous in the history of
the city,. The situation has already
been very thoroughly reviewed in these
columns, and but for the fact that there
have been series of important de-
velopments resulting from the i'm
proved business present and prospect
i've, trade matters might be passed by
with the single expressive statement
that they are ''out of sight"
1t is plainly established fact that
wherever there is the greatest evidence
OF prosperity and growth, manufacture
ing and jobbing enterprises are most
likely to find foothold. st. Paul at
the present time presents a field for
such enterprises unequaled by any
other in the United States. With an
immense tributary territory in the high
est condition of prosperity, this city, to
the Shrewd financier, is the one of all
others to command attention at present.
This fact has not escaped recognition
by the men who have money TO invest,
and the result up to date is that within
the last thirty days four wholesale con-
Germs, representing over
Half Million of Money,
have actually embarked in business
here, while four others repI esenting an
equal sum will be doing business in
their own establishments here before
Oct. 80. These are facts, and not prob
abilities. First among the concerns al
ready located is the Jennings Imple-
ment company, of West st. Paul. This
firm has 100000 already invested, and
the business will be exclusively jobbing.
Next comes the Sternberg Manufact-
uring company, located IN the same
quarter of the city. This firm will man
ufacture oVeralls, and has invested $75,-
900.
ID. Marx & Son. wholesale jewelry and
plated ware, is another big concern EOw
ready to open business here. Their i'll
veStment will amount to something like
S150,000. The fact that these firms are
already located is vouched for by Dun
q Co., who state that four other con-
Germs will be operating in different lines
of jObbing within the time stated above.
These latter will invest 100000. The
establishment of these houses is direct
result of the magnificent crop. Their
location here has not been the result of
any negotiations with the manufact-
urers' association. 1t is extremely
doubtful whether Secretary Phelps, of
that very laudable if leisurely lnstitu-
ton, is aware of their advent. The
men responsible for these
New Embarkations
have recognized the field existing, and
have fieIled it methodically and quietly,
without asking bonuses or ala of any
sort Now as to the affairs of the old
established houses. Lindeke, Warner
q Schumacher. Finch. Van Slyck, Young
& Co., and i'll fact all the dry goods peo-
pie, speak of a satisfactory ease in the
collection of old bills. Accounts that
have been outstanding for years are
now coming in. Current collec-
lions are not very lively yet. AS
matter of fact,it will be about ninety
days from date before the effect of the
crop becomes fully apparent in the way
of collections. Dun says the September
joDbing trade will be heavier than that
of August by Is per cent. AS already
stated, the August trade was the heav-
lest ever handled by st. Paul jobbers.
Wheat is not being held in the North
west except inaSmuch as is due to the
general desire to complete fall blowing
before hauling to market. In addition,
it has taken nearly twice as long to
harvest the crop as in any one of
Five Years Past.
Up in the northern part of Moth
Dakota the crop is one third uncut.
This is due in great measure to the
shortage in farm hands. However,
with the prevailing fine weather no
great harm can be done other than de-
lay in marketing the product. Harden
bergh IL Co. seem to be completely stock
ing every harness dealer in Dakota and
Minnesota. Their trade is phenomenal,
as also is that of Scheffer d Rossnm.
In the staple lines, groceries, etc.,
Kelly q Co., Allen, Moon d Co. and
all the rest of them cannot
at preset compute the increase In their
business for September over that OF
August. 1t is simply wonderful, how
ever, and both the firms have hard work
to handle their trade. Schliek & Co.
are doing tremendous trade. They
have no time to talk about it. but IN
answer to the question, Twill you have
an increase over Augusta hurried an
swer was given. Yes, away ahead of |
it,"
There is prosperity everywhere pres
ent aud prospective. 1t is in the air,
and everyone is breathing it. The state
ment made by Dun yesterday regard
ing the winter and spring trades is that
there will be one continual hum of
business from now to next May. An
other such crop will place st. Paul be-
yOnd the reach of dull times for good
many years.
Attend the Fire Sale