St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-07-06
FOR PRESIDENT,
GROVER CLEVELAND,
FOR VICE PRESIDENT,
ADLAl E. STEVENSON.
PROSPERITY PREVAILS.

DUN'S Semi-annual trade review and
statement of the business outlook, is
sued under date of June 80, bulletins
st. Paul and tributary territory as fol-
lows:
The harvest in the Northwest last fall was
unprecedented. and its magnitude is indi-
Gated by statistics now at hand. showing re-
ceipts of spring wheat alone during this crop
year to be double the amount received for
similar period the previous season. Prevail
ing prices, though not as high as expected,
nave been III the main satisfactory, and the
amount of money distributed throughout the
great agricultural states of the Northwest has
been sufficient 10 establish and solidify per-
manent favorable trade conditions very, gen.
eral in all the districts tributary to this CEN
ter. Mortgage Indebtedness has been largely
eliminated or reduced, and accumulated and
current trade obligations paid off. There lisa
strong demand for farm property, with con-
sequent Increase i'll values. The banks in
this city, and throughout the country district,
are amply supplied with loanabie funds,
and there is noticeable tendency to-
wards reduction of interest rates both on
mortgage loans and commercial paper
Another marked feature is that con-
siderable portion of the crop yet remains
unmarketed in farmers hands. While the
high prices expected have not been realized,
1t evidences the growing ability of the agri-
cultural district to avoid the disastrous eff
fects OF compulsory market Too frequent
rains this season have in localities restricted
acreage retarded seeding aud unfavorably
affected growing grain. The same cause has
served to call attention to the annual loss en-
tailed on all business Interests through the
condition of the country roads; popular in
fnrpSt in Spin,tifip YaathnHS of hri1
and in legislative enactments to defray ex-
pense would greatly strengthen business de-
velopment. In general, the trade of the dis
-trict has responded to the impulse OF the in
creased purchasing power given it. The
volume of business transacted from this dis
tributing center shows a gratifying increase
in all lines. There is Il well-detined advance
In all lines of municipal and interurban i'm
proyements, and permanent additions to the
manufacturing and jobbing interests in the
cities are noted. The situation is one of
prosperity and marked confidence
This is a very fair and satisfactory
Statement. 1t correctly interpretS the
signs OF the times as they affect st. Paul
and the region tributary to it. That
this city has known periods of greater
buoyancy, of greater tendency to infla-
ton, is not to be doubted. but never be-
fore have trade conditions been as
solidly and as thoroughly satisfactory
as they are today. The city necessarily
shares in the increasing prosperity re-
sulting from the further development
of the magnificent agricultural resources
of the tributary districts. When farm
ers can, as cited by Dun, afford to hold
their wheat and lift their mortgages at
the same time, the trade center for these
prosperous agricultural interests must
correspondingly thrive and prospe r.
Moreover, these favorable outside in
t1uences have been met more than half
way by reciprocal energy and enter
prise within the city. The citizens of
st. Paul have been prompt to take adj
vantage of every propitious circum-
stance in the advancement of mutual
and common interests. That .the situa-
ton is one of prosperity and marked
confidence" is due both to the fact that
st. Paul is the capital OF the fairest and
most fertile OF regions and to the
further fact that the component parts
of its citizenship are energy, ability,
determination and public spirit.