St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-17

and cotton, while they may be unfavor-
able for those who have been carrying
them, are good as a starting point for
the years business, as they must lessen
the probability OF declining markets in
the future.
l.. ii. Taylor 4 Co.-The balance of
trade in favor OF the United States in
1891 is Sal ,000,0 900. To find parallel it
| is necessary 80 go back to 1881. when
the balance was 1858, 900. We be-
| lieve that the value of our merchandise
exports for the year ending June 80,
! 1892, will be in excess of S1.050. 900, 900,
and that the years balance of trade in
| our favor will be not far from $3.50, 000.-
600. We opine that on the investment and
speculative public the effect of these
conditions will be cumulative; that is,
II no ado be made over five months
balance of Sl00,000,000 or six months
balance of Sl50,000,000, that attention
will be paid to seven months balance of
$3.50, 900.
The Railway Age says: Red Wing,
Duluth Il Sioux City Construction
company-This company, which will
build the Duluth, Red Wing IL South
ern road, has elected the following
officers for the ensuing year: president,
L. r. Hubbard; vice president, T. b.
Sheldon; secretary, F. w. Hoyt; treas
urer, q. Ii. Crary.
Chief Engineer William .Danforth, of
the above road. says: The prospect is
fair to build the Duluth, Red Wing Il
Southern road from Superior. Wis, to
he'd Wing, Mimi, IT'S miles, this sea-
seon, and from Zumbrota to Albert Lee,
Mimi, siXEytive miles.
Money Easy.
Among those who talked on trade
were:
Hon. II. B. Strait, President of the
Germania Bank-The banks are fairly
easy on money, and no particular change
exists in the demand. The farmers
seem to be in pretty good condition. and
many OF them are disposed TO hold their
wheat. For instance, l have just re-
turned from Norwood, in Carver county,
where l found almost all the farmers
disposed to hold and our correspondence
tends in the same direction. There is a
great deal of wheat in the country,
though, and little encouragement for
much higher prices.
JohnsH. Allen. Allen, Moon & Co.,
Wholesale Grocers-For this time of
the year our trade has been very fair. |
think it is better than year ago. A
couple of weeks of cold weather like
THIS Will induce more buying, for the
people are we'll off and will keep com
Portable. The banks are easy on money
matters, the only difficulty they have is
in placing money to good advantage.
Eugene j. StIlwell, Wright. Barrett &
Stilwell, Wholesale Paper-No change
from the pleasing prospects previously
reported. In some localities collections
are rather slow, but they seem to be safe
for the near future, as the grain is there
to realize upon,
In the Fruit Line.
j. S. Robinson, B. Presley & Co.,
Wholesale FruitS-Our business was 20
per cent in dollars and cents ahead in
'9l of any year we ever had, although
prices were from % to 80 per cent lower
than any previous year, thus showing
an enormous volume OF trade in our
line. Since the 1st inst. the trade has
been larger to date than it ever has been
in the entire month of any previous
January. l have wanted to get away
and have month or two recreation,
but it has been impossible on account
of the increase of business. Our col
lectiOnS are very good.