St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-12-18

Eastern Ofancn or the concern. MeSSfS.
Hare and Johnson. of the concern, look
forward to an early settlement of the
insurance and to a re0pening of head
quarters here soon.
At the Northern Pacific Offices it was
learned that the flour milling capacity.
when the new mills are completed at
the head of the lakes, will be-: East
and West Superior, 20, 100 barrels per
day; Duluth, $500 barrels per day. To-
tai, 26.700 barrels per day. That will
crowd other figures pretty close, but
the mills there will not take anywhere
near their full capacity Of wheat this
season, as the -four market is somewhat
under the weather. Consequently the
railroads will not be put TO task on &C
count of the Northern mills. In the au-
tumn of '93 full supplies or wheat. for
the mills referred to, will he needed i'll
all probability.
The banking situation is a peculiar
one. The heavy movement OF gold to
Europe puzzles some of the bankers,
and that, with the drain of money from
the country banks of the Northwest, has
been worth watching. but the bankers
generally take a favorable view of the
situation. M. Auerbach, president
Union bank, said:
When | was East two or three weeks
ago firSt-claSs commercial paper was
taken at TO per cent. This week it
was taken at 5 to So per cent. While
the wholesale men report collections
only shade better, | perceive nothing
financial situation. Money is moving
orH
farmers have large stocks of wheat. but
are confirming their sales mostly to the
purposes of paying interest. taxes and
urgent accounts. L can't help thinking
that the situation is favorable.
1t is evident that Eastern houses have
! been bouncing upon some Of the coun-
try merchants where accounts have
| gone a little past due. Then they ask
extensions of credit from their old home
! friends who have stood by them through
thick and thin. They may learn to favor
! their home trade some day, but it takes
some of them a good while. The condi-
/ ton shows in the following interviews
| Adolph Kahn-Rothschild & Kahn,
| Wholesale Millinery = Collections are
not as good as they might be. We have
| increased our business this fall conSld-
erably as compared with last year. We
! look for better prospects III the spring.
Spring goods are arriving and some are
in custom house now. We have added
10 our force. especially on the road. We
expect TO increase our business great
deal next year. The outlook seems all
right and we are making preparations
for large business. | shall go to New
! York next week to buy a large line OF
| L.
| Western houses for extensions OF credits
have been quite heavy of late. Some OF
them have been pressed by Eastern
! parties who sold them occasionally.
Daniel K. Moves, Noyes Bros. d Cut
Ter. Wholesale Drugs-The business OF
1891 for St. Paul was the largest ever
done here That of 1892 exceeds it very
considerably. One leading wholesale
drug house reports an increase OF 10 to
| Is per cent in sales for 1892 over any
previous year, and this puts the house
| in the front rank among the leading
drug houses in the United States. 1t is
not known that any house does more,
and certainly none are increasing their
/ business as fast. We understand that
increase is general here among the job
bers, one leading wholesale hardware
house reporting phenomenal growth in
their sales also. The feature of new
as well as of extended trade Is also
notable Collections have been little
backward. but are fairly sustained; and
there is yet very large amount OF
wheat to be marketed i'll the region
tributary to st. Paul.
Our impression of the outlookjs that
there never was time when there was
so safe and substantial prosperity here
or such an encouraging outlook so far
as the Northwest is concerned.
We think that st. Paul has more
people, more money, more business
| than ever before in its history, and un-
less its real estate dealers and holders
! are fools who cannot see that the public
! interests are their interests as well, we
ought to take long step in prosperity
in 1898. AS to money here and in East
ern markets | believe it will be easier
after the first of the New Year There
is plenty of it, and rates must come
down.
Theodore Schurmeier. Lindekes, War
ner q Schumacher, Wholesale Dry
| Goods-Our trade has been firstclass as
compared with last year, and shows a
satisfactory increase. The collections
| for the fall were backward. They did