St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-27
THE TREND OF TRADE.
Two Obstacles Now Work to
the Detriment Of Local
Traffic.
They Are the Low Price Of
Wheat and the Car Short
age. b
~
Business Men Say Both Inter
fere With Collec- O.
tons.
Local Mercantile Men Give
Views of the Situa- =
ton. %

| Inc wear, the Northern trauScOiiliicutd
lines claim that they are handling the
| traffic so that the elevators all along
their lines are able to continue receiy
| ing from the farmers. The railway
men are. evidently, well pleased to nave
such large volume of business. A
the Northern Pacific Offices it was stated
that they have had no trouble abou
elevators being distressed for cars, anc
! the Great Northern people had no com
| plants to report yesterday. On branct
| lines at points in Southern Minnesota
and the Dakotas piling up OF wheat Is
! indicated by letters just received a
| some of the business houses. One
| prominent concern presented extracts
| from letters, as follows:
'.If we could only get cars here Il
! would be easy to make collections, pbu
| the elevators are all full, and it makes
things bad We have nearly $1,000
worth of wheat in store and can only
| get, on an average, a car per week, Du
! we hope soon 10 get mole cars.
Another from the north end OF South
| Dakota says:
"All grain houses are blocked with
! wheat; 5000 to 5000 bushels are held
| outside i'll sacks awaiting cars"
Views of JObbers.
These may indicate the cause of the
curtailed collections which some Of the
merchants speak of in the interviews
| below:
Charming Seabury, of Seabury & Co..
Wholesale GrocerS-The volume OF
trade is good enough, but, as whole,
the business is only so SO on account OF
collections being backward. 1t makes a
sided deal. A general settlement OF
accounts was expected from the cOun-
try this season, but the prospects are
not realized yet, and there is little to
warrant the pushing of goods upon
those who are backward, except the
large stocks of grain. The farming dis
tricts are evidently safe, and they say
the wheat situation causes the slow
liquidation in some sections. You see,
prices are stiff. Values have advanced
on pork, sugar and coffee. Canned
vegetables are firm and dried fruits are
stiff, there being no surplus of fruits
this year. Collections should improve
from now on.
Ferdinand Hinrichs. of Koehlenl &
Hinrichs, Wholesale Fancy Groceries,
Butchers and Bar Supplies-Our bust
ness is very satisfactory, the sales are
large, but there is no question about
this: our collections should have been
better. AS far as the country trade is
concerned. it is safe aud in good shape,
but the prospects were very f1attsring
early i'll the fall and a few of the buyers
bought more freely than they would
have had they foreSeen the delay in
marketing wheat. AS soon as the wheat
is sold they will balance accounts. This
steady, cold weather and SNOW will help.
The formers will sell more freely. They
did hate to take these low prices, but |
believe they are marketing largely
now. s-1fI
A. H. Lindeke. of Lindeke, Warner
IL Schurmeier, Wholesale Dry Goods
Values of all kinds of bleached iand
brown SheetingS, camDricS, colOred cot
ton goods, such as denims, tickihgs,
cheviots, ducks and Innings, have made
gradual advances. S If raw cotton keeps
gong up they may go higher. Our
trade is good, owing to the cold weather
very good for this season of the year.
Collections have been very good with
us since the first of November.
Effects of the Famine.
Silas B. Foot, of Foot, SchulZe
d Co., Minneapolis, Boots and Shoes
Our trade is very good has been good
collections, though our customers are
paying up fairly we'll. The point is:
The collections would be much larger if
the prices OF. wheat were better and it
the railroads were able to move the
grain from the elevators more freely. |
know sections to the south of us and in
Dakota where the elevators are filled
up and the railroad people are not able
to furnish cars to relieve them. The
result is: Farmers who wanted to de-
liver wheat could not-had to take it
back home. The decline of so cents
per bushel i'll prices as compard with
last year had its effect Oh the general
business. Mortgages were paid off
pretty we'll last year and the country is
sound financially, so the accounts are
likely to be settled up in reasonable
time.
c. w. Hackett, of G. w. Hackett
Hardware Company, Wholesale Hard
warc-We are having very good trade.
and our collections have been very good
since the first of the month. The sales
in October and November have been
even better than were expected. The
country has built up from the great i'm
provement of '9l. and the situation is
very satisfactory. A good many fine
new buildings are under construction in
the cities Of the Northwest.
John f. Broderick, General Manager
Ryan Drug Company. Wholesale Our
collections have been good all the time
this season. The trade is excellent.
We have all we can do. We opened 300
new accounts last month and 1900 new
accounts during the year from Sept. l,
1891, to Sept. l, 1892. We sell in all the
states, our manufacturing departments
not limiting their business to the North
west. In our plate glass department
the demands for the numerous fine
structures now being built in st. Paul
and other cities of The Northwest have
been particularly noticeable. The ell
tire situation should give great deal
of satisfaction to the business men Of
st. Paul.
Banking Situation.
In regard to banking matters Peter
M. Kerst, assistant cashier Ger
mania bank, said: The accumuations
of wheat i'll the country elevators and
at the terminal points of the Northwest
have made an active demand for money
to carry the crop, and the rates are
good. AT tine same time, money is
plenty for all legitimate purposes. Our
banks have good reserves above the re-
uul CUICntS. OOllCCtlOllS GIG
ter in the country than in the cities.
About three-fourthS of the collections
we send out are paid.
A Railroad View. ,o
E. B. Wakeman. General Superin-
tendent Great Northern Railway
There never has been year before,
at this time of the year, when the farm
ers OF the Northwest have delivered
wheat so freely as at present. Of course
it is keeping US hustling to supply cars
so as to keep the elevators in shape to
receive from the farmers, but / know of
no place on the Great Northern at pres
ent where there are any requirements
that are not being met. There has been
falling off in farmers'deliverie during
the past day or two. but that may have
been on account of the weather. They
have heretofore fallen off materially APP
preaching the holidays. AS to what
course the farmers will now pursue
concerning deliveries that is matter of
coDjesture.
Bourbon and Rye Whisky.