St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-31
The Washburn Bill Tends to
Keep Down Deals in
the Cereals.
Better Opportunities for Trad
ing in the Various Act
i've Stocks.
Collections, as a Whole, Re-
portedto Be a Little
O Too Close.
Practical Application Of the
Home Patronage Prin-
ciples.

Tile wheat market keeps in line with
the GLoBR weekly reports, the decline
being two cents per bushel during the
| past seven days.
Wheat prices should advance now
but for the depressing effect of the
Washburn option bill, which makes
buyers of options for future delivery
afraid to 60 in for lengthy deal. OF
course, the opportunities for selecting
industrial shares, mining stocks and
good railway securities, which are so
| much easier to manipulate Tor handle)
than grain, are so good at present that
they also reduce operations in &he
wheat markets.
The farmers have made sales enough
to put them into reasonably easy cir
cumStances, and they don't want to sell
any more grain than they Can help at
the present range of prices. These
prices, however, induced an increase in
the foreign demand during the week.
with the enormous stocks still in sight
and the features that prevent bull opera
tlons, it is evident that the foreigners
will not have to pay much of an adj
vance for what they want during the
coming week. 1t would take more
money than was ever needed before in
such case to run bull movement Tor
corner in wheat to success Oh the pres
ent situation.
Regarding the stocks that can be
drawn from, look at the Northern Pa
cItlc tor Instance. A conservative eSti-
mate OF the wheat 10 be moved by that
road between now and Nav puts the
figures at 6.500.00O bushels. This may
be used as key to the entire situation,
and the results of figuring the wheat
that may yet come forward over all the
roads will make a total too great to
tempt bull speculation while the Wash
burn bill hangs fire. The prices of
good stocks and bonds give promise of
advance.
General business is good for the sea-
son. naturally quiet season in this sec
ton. Collections are slow with some,
but they do not feel uneasy over that.
The farming districts are good for
reasonable lines of credit. Some houses
report collections good. to very good.
The banks call the collections good all
round. The new wholesale houses aud
manufacturing concerns should add
greatly to the receipts of the banks this
year as compared with year ago. A
few interviews will be found below:
Il. IL. Bailey, cashier First National
bank:
Money continues easy, plenty in the banks
and light demand from borrowers. Good
paper is III demand by lenders. Collections
are good. The wholesalers here are well
pleased with the trade and the prospects.
The clearings and the general run of banking
business are going along about as usual for
this season Of the year, which is naturally
expected TO be quiet.
Charming Seabury, OF the jobbers'
union, wholesale grocer:
Collections are very good with our firm,
better than they were when the real cold
snap was on. We are all enjoying great an
ticipations.
c. Heinrich, Foot, Schulze & Co.,
manufacturers boots and shoes:
Our travelling men are sending in good
orders both for present and future Cor spring.
delivery. We notice the demand for better
heretofore.
R. H. Stevens Jr., G. GoUzian & Co.,
manufacturers boots and shoes:
Our collections are the poorest we have
had for ninety days. The farmers are evil
IDENTITY taking things easy and in no hurry to
sell more wheat at present prices.
w. S. Conrad, wholesale cigars:
We want to be careful to not run this home
industry agitation into the ground and build
Chinese fence around the trade of our
cities. The object was to lessen the Eastern
competition with goods of this district We
must interchange goods of various kinds
with our neiehbors and no false feeling
should be engendered.
John F. Broderick, vice president Of
the commercial club:
We must meet the ONE industry question
square in the face and help our own popula-
ton. God helps those that help themselves.
While st. Paul was getting ready years and
years ago to take such a step the towns all
around were profting by the home patron
age principle. You'll find 1t at Eau Claire,
in this state-even at Minneapolis Let's
treat them all fair, buy goods from each
other on business principles and at the same
time take care of our growing manufactures
and business concerns