St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-13
THE TREND OF TRADE
Another Line Of Railroad Soon
to Enter the City From
the South.
Business Fairly Good Except
Collections Prove e Little
Slow.
The Low Price Of Wheat Hav-
ing It's Effect on Country
Trade.
What Bankers and Business
Men Say Of the Siuua-
ton.

Another railroad will soon tap st.
Paul. That is a fixed certainty. The
Fifth ward transfer line, with its fran
chise of fifty miles, will handle its
business, but the gentleman who makes
these assertions does not want his name
mentioned at present. The transfer line
is to reach South st. Paul by the West
side, and will use the bridge from South
ST. Paul to Newport when the people
down there overcome their aversion to
new railway projects.
Messrs. r. q. Dun & Co. report that
trade is good, but collections have been
slow as compared with last year, on ac-
count of the low prices Of wheat and OF
farmers being busy back blowing for
next year. The area for next years
crop IS larger than ever and gives eX-
cellent promise to the wholesale men.
Collections have improved during and
since the last half of October.
Among the Bankers
the situation is summed up thus:
William r. Merriam, President Mer-
chants National Bank-Genefal bust
ness is about as usual. The low price
of wheat has, perhaps, resulted IN max
lIlO cOllGCblOllo llGblO ciOWNA OAioh
usual, and it is causing the country
banks to call oil their correspondents
for money to carry wheat over. The
farmers think it will pay to carry wheat
from now until next spring. Thus
funds are in good demand, and while
the tone Of the money market is COM
Portable there is no general surplus.
On account of the wheat situation
New York exchange is scarce and
at stiff rates. The banks will be COM
PEELED to carry the crop, for farmers
and elevator men are not disposed to
sell at present prices. This makes the
active demand for money. The banks
have ample funds for all legitimate pur-
poses, and a plentiful supply for long
time loans and all that.
AT the Northern Pacific offices 1t was
learned that, considering the situation,
the Northern Pacific has handled the
wheat crop, up to the present time. with
remarkable ease. 1t is estimated that
an average Of - per cent OF the crop has
been moved. The remarkably fine fall
for threShing and for fall blowing has
been very favorable to the Northwest.
The acreage for wheat next year will
be larger IN this section than ever be
fore, and the development OF the dis
trict is remarkable. For instance, from
jamestown to Leeds and from Leeds to
Grand Forks new and substantial build
ingS are very noticeable at both the
farms and towns.
Business Views.
B. Kuhl, Kuhl-Cumming company,
manufacturers of clothing:
sour business was very good up to
the lst of October, when, owing to
the mild weather, shipments dropped
off little, but during the last three
weeks it has been more than satisfactory.
We find that. as a rule, country mer-
chants have this year bought rather
light, owing to the three preceding
mild winters, which made them very
careful. The Sorting-up orders are this
year of much more account than in
former ones, and we expect TO ship
good many more goods before Christ
mas In fact, if sales continue to
be the same as during the last three
weeks we will be entirely cleaned out
Of winter goods before the end of the
year."
A. B. DIiscoll, McKibben & Co.,
wholesale hats. gloves, ETC.:
We nave large increase over our
business of last year. aud the manufaCt-
uring departments show up splendidly.
You see, the demand for furS from the
Northwest is for those OF the finest
quality, and the Northwest is fitted to
fulfill the demand. 1t increases the
number of our employees, and gives us
wide range of territory in which to make
sales. You may be surprised to know
that our goods sell clear back into West
ern New York.
E. A. Konantz, KonantZ Saddlery
Company. Manufacturers Saddlery,
Harness, Etc. Our sales this year show
$50 increase as compared with the
year before. Our employees are all
busy. We are adding new departments
to our concerns. so as to make anything
we want next year. 1t will not be nee
essary to send away to the East for cer-
tain parts of our orders. as we will be
able TO make them at home. Thus st.
Paul will be able to meet all competi-
ton in our line.
Commencing Monday, Nov. 14th,
Big drive in listers and Overcoats, at
the plymouth Corner" Seventh and
Robert.