St. Paul daily globe., 1893-02-19

tricts south of Minneapolis and putting
them on feed. Calves are bringing good
prices, S3.75@4.50. The sheep market is
quiet.
The Banking Situation.
A comprehensive view OF financial
matters is given below:
A. G. Anderson, cashier st. Paul
National bank:
Nv own belief is that the bankers
both in this city and elsewhere through
out the country are in more than ordin-
arly strong shape. | know that this is
our condition, and it arises from two or
three causes that are felt in the com
munity, but an exact statement of which
has not occurred perhaps to all parties.
We are within about two weeks of
change of administration. This means,
of course, that we are within a brleT
time of some outline of a financial
policy, and if it is not accompanied by
a vigorous move to the repeal of the
Sherman bill, unaccOmpanled with any
free coinage measure. we are to be
stared in the face with the continued
gold exports and a possibility,
in spite of the attempt of the treasury
department to prevent IL; premium on
gold, and when you put premlum,eVer
so light, on gold, it ceases to be money
and at once goes into the list or COM
modities. This involves shrlnkage in
the volume of the circulating medium i'll
this country of 00,000,00O at stroke.
With this condition IN the face of the
financer his duty is clearly to so man
age his trust that, come what may. his
sails will be trimmed, and he can do
this with the full assurance that II the
incoming administration promptly
meets the well-defned contingencies,
there will be prompt and Strong busl-
ness activity that will use any surplus
funds in legitimate and profitable chan
nels.
The business community will best
serve its own interests bypursulng such
policy and atfording the Incoming ad-
ministration the strongest evidence OF
the necessity of prompt financial legls-
lation that will restore what is most
needed of all things at the present time
confidence in the integrity OF the gov
ernment in maintaining every dollar as
good as every other dollar"
Mercantile Matters.
Among the merchants there Is out lt-
tie change in the reports.
G. p, Slime, Manager Minnesota type
Foundry-l had the opportunity to meet
the editors who attended the conven-
ton during the week, and their pur-
chases of new and special lines of ma
terial convinced me that they are doing
well in their line Of business. They
were able to draw their checks, and
their accounts are III satisfactory con-
dition. 1t speaks well for the farming
districts of the state.
George r. Finch. Finch, Van Slyke,
,bOi Ia, Hru Goods.
"The dry goods trade Is picking up.
We are getting good line of spring or
ders. The collections are fair. Consid-
ering the weather we have had, they
are better than some expected"
Fl. N. Hodgman. st. Paul Rubber
company, wholesale:
''Spring trade opens up very we'll. Or
ders are coming in very freely, ana the
outlook is excellent for good spring
trade. We are having a large and In
creasing trade on the American Rubber
cumpany's Mackintoshes, rubber boots
and shoes. etc. The mining interests
of Minnesota have shown such a re-
markable development during the past
wear that we have an exceptionally large
demand for rubber and oil clothing, Oil
hats, and especially for the American
high boots. 1t is noticeable that the
Mackintoshes, OF cloth overcoats,
within a coating. of rubber, have
come rapidly into general use for
fall, winter and spring wear on account
of their light weight. combined with
their effectiveness in resisting the wind
and the cold. We talked of changing
our location some time ago, and haven't
given up the idea yet, but still will
probably stay here while longer until
spring opens"
William Faulkner, Fairbanks, Morse
& Co., Wholerale Scales, Etc.-The out
come of our business for 1892 proved to
be better than our first estimates. Our
increase in general Departments was
over so per cent and in building water
works over 100 per cent, as compared
with 1891.