St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-30

These St. Paul pressed brick can be
Used anywhere. and are made either red
or buff in color. We are filling large
order now for butf-co.ored brick for 4
large house to be built at Central Park.
We made most OF the brick for st.
Luke's hospital and other prominent
buildings. 1t seems TO be ALMOST impos-
Sible TO exhaust our clay banks on the
West side, and we are pleased with the
patronage we receive.
Z. \. Young. Finch. Van Slyke,
1ouEg x Co., Wholesale Dry Goods
Collet Ii ms have been just fair during
the week-a little better than the pre-
yious week. You know. collections
nave not been up to general eXpecta-
tons this season They are now ap-
preaching satisfactory condition.
Trade is also air-ouly fair.
William Faulkner. Fairbanks. Morse
Il Co., Wholesale Scales. Etc.-We have
had thus far a very satisfactory bust
ness this season. The very low price
OF wheat has, of course. somewhat
checked up our trade on what was eX-
pecied TO be the biggest in our history
up to the time 1t was demonstrated that
prlceS Of wheat would be low aid
the crop not as heavy as hoped for.
With wheat an Average in North OAK O.
average price of 50 cents per bushel, the
merchandise trade is affected. No. 2
northern is bringing about 80 cents per
buShel. The situation has stopped the
building OF many elevators by COM
panies and many elevators proposed by
individuals. That affected our scale
trade. of course. We have had fine
year in steam pumps and water works.
We had nine important contracts Oh the
latter. The collections. only fair. are
full as good as could be expected in view
of the wheat situation. Our scale trade
diStanced the record of any previous
season.
a. Guiterman, Guiterman Brothers,
Manufacturers Gents Furnishings
Our trade is better now than it was dur
ing the first halt of October, when it was
lighter than we had expected, but for
the year it shows good increase. The
collections are lair and picking up as
compared with previous months.
Il. NJ. Newport IL Sons. Financial
Agents-COl. Newport said: Our eX-
perience with interest payments this
season is this: With loans in St. Paul
and Minneapolis of S5.00p,000. involving
an annual interest of S300.090, we have
only 81. 500 of interest in default at the
present time. and that default is amply
Nov. from. 260 people. sixty OF these
people have paid their interest on or
previous to the 9th of October. and
more than we expected discounted their
Indebtedness OH the one before prnci-
pal. The cities OF St. Paul and Mime
apOliS are now in the favorable condi-
ton which was expected as a result of
the great crops of 1891. The effects
OF that harvest were not expert
enced Immediately. 1t took some
months 10 realize the expectations. but
the situation is excellent now. L do
not think that better showing can be
made anywhere in this respect than in
the Twin Cities of Minnesota. | remem-
Der that in 1874 and 1876. following the
tTOubluuS times just preceding those
years that people were unable to pay
the interest on their mortgages, and a
sreat deal OF desirable property went
into the hands of the mortgages with
out even the fOrmality of foreclosure.
Those were hard times. but now. the
tributary country having grown 50
great. the people are able to care for
their Indebtedness from the actual bust
ness and improvement that surrounds
rs. Of course. we are careful concern
ing the class OF customers to whom we
lOau money, but the default of
s., 800 Oh the years business is looked
upon as small, and even that sum is
comparatively safe. as the property
shows an improved instead OF de-
creasing value. The situation concern
ing farm mortgages is excellent: yes.
better than il was last year. Farmers
had made up their minds to get ont OF
debt at the first opportunity. and very
many OF them did so. They have put
themselves on a firm footing. and the
Northwest is looked upon with much
favor by Investors. This year crops
have been very fair. and the farm work
for next seasons operations has been
carried on to a greater extent than was
generally anticipated. We are pleased
with both the present condition and The
outlook. The Twin Cities ought to do
better than ever next year"