St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-13
LINEN AND COTTON.
The Board of Trade Has Been Act
i've During the Past Year.

The Board OF Trade Has Been Act
i've During the Past Year.
The annual election of officers of the
Minneapolis board of trade took place
yesterday morning. There was no
delay experienced in the selection of
the officials who will manage the board
this year. The election of President
Nelson was made unanimous, and in
their turn George 2. Wilson was elected
first ana Capt. j. G. Reno second vice
presidents. E. j. Phelps was chosen
treasurer without dissenting voice,
and Secretary Hall was reelected, much
to the satisfaction of his friends and the
business public generally. The names
of the directors nave heretofore been
published in the GLOBE.
Secretary Hall read his annual report.
1t is an interesting document, credit
able alike to the business Sagacity and
enterprise that have characterized the
boards action during the past twelve
months. and to the individual efforts of
the gentlemen who have been wise
enough to act upon the boards suggeS-
tons. The larger number OF projects
looking toward the advancement of the
manufacturing Interests OF Minneapolis
which have received the Endorsement
Of the board during the past year have
been developed into actualities. The
successful future of the ventures, 1t is
safely predicted. is assured. Among
the additions made to the manufacture
ing Importance of the city, directly
through the boards instrumentality, are
the wholesale fur manufacturing COLI
Germ of James Lugsdin; the establish
ment OF the linen mills, circumstance
for which the public is especially in
debted to Mr.. Il. b. Walker, the retiring
president OF the board, and the building
of macaroni factory. OF course, the
three concerns just mentioned are not
the only manufactures originated within
the city during the past year. Especial
attention is directed to them from the
fact that the idea OF locating them here
was the result of the boards inveStiga-
ton, and to the boards energy their
presence as factors i'm the product of
the city's manufacturing resources can
be attributed. Moreover, the effect, i'll
commercial sense, these Industries
will have upon the trade to which they
will cater is far-reaching. For instance,
it has been discovered that flax equally
as good for manufacturing purposes as
the Irish staple can be grown i'll the
Northwest, and that the large market
for the raw material that will be found,
in Minneapolis will give. an impetus to
its growth. Orders Tor macarOni have
been received by the prOprietorS of
tbs new factory from England aud
Australia, and Minneapolis will soon be-
gin the expectation of new and profit
able article of food.
Secretary Hall stated in his report
that the matter of establishing cotton
factory in Minneapolis had been made
the subject of much discussion by the
members of the board for some months
past. 1t had been discovered that cot
ton can be laid down here for 20 cents
per 100 less than it cali in Eastern man.
ufacturing points, and that New Eli
gland factories were considering the adj
visibility of erecting factories at this
point. The Importance OF this item in
the secretary's report can scarcely be
overestimated. With cotton and linen
mills in Minneapolis the city could
easily control the trade of The limltlesS
Northwest in two staple articles of inn
menSe sale. st. Louis receives from
275,O00 to $4,000 bales of cotton per
annum, and the cotton country to which
that country is tributary grows cotton
of ali grades. Minneapolis has d.
rect rail connection with the
Mound city, and for large
part of the year the river
is open to navigation. Memphis is not
too far distant to be regarded as a
point Of supply for Minneapolis mills,
and doubtless it will be from these two
cotton-receiving centers that the home
mills. if established, will receive their
raw material. The prospect is worthy
the serious consideration, it is believed,
of every business man in the city.
,ol, +lxnt @1,r
finances of the board were i'll good con-
ditiOu