The state herald., 1893-06-30
THE FINANCIAL SITUATION.


Dew 81. Loais Baaks Regard the Out
iook-Hsavy Travel - The Fair.
ST.. Louis, June 2a.-Ths financial
situation ia giving very little anxiety
here. All the bank arc reported in
best possible shape and although Of
sourse there Is more conservati.m than
usual In regard to discounting paper,
there II plenty Of money for all legiti-
mate enterprises. On The RSai Estate
Exchange, money Ia offered every day
on realty lands and the rate Of intcres
.ont nucs TO bs but nominal fraction
In exccas OF q per cent, with that
figure exactly Tor the beat loans. The
real-estate market ID not quito so
Active - at this time last year though
the returns arc much higher than
those OF 1891. Tho building enter
prise, which has been conspicuous
Tcature Of the city during the last
three years, is moro marked than ever
this summer. Tho frontage covered
with new buildings during the pust
thrcc years exceeds In the nggre gate
loo miles IN length, and at the presen I
rate OF building the total for this year
alone will b. considerably over forty.
Eve miles.
h0 SAioou tIuVcl pctWeGu OF
Louis and Chicago since the opening
of the World Is Fair has been by far the
largest on record. The five railroads
cumming day and night trains between
this city and the home Of the Worlds
Fair have been compelled 10 put on
extra slecpers and other coaches and
even 70 run their trains In sections.
This IL partly the result OF the very
large number OF people living In Mis-
souri who arc visiting the Fair, not
once but frequently. At the same
time quito majority Of the increased
traffic y made up by visitors and tour
lsts from distant States. Tho rail.
eoads have granted St Louis proper.
tonate-rN1ex from oil points with re-
auctions simtlar to those given the
City OF the Worlds Fair, md hence
there Is q great drnl Of travel from all
points through St Louis, tourists pur'
chasing tickets to this point and avail
ing Themselves OF the low excursion
rates which prevail for the ride across
the State Of Illinois.
Cutie IN excursion party occupied q
special eur on the first run made by
morning. st. Louis has had the benefit
VI tuc tust WALL scrNicc Wtht anu SOutn
west for several years. but until thiI
week there has been no early MOI nins
newspaper and mail train to Northern
Missouri, Town, Nebraska and Illinoi,
points. Tho train makes very fus
time us we'll a. close connection with
number Of roads ut various points
and IL is expected the influence on tn,
iobbing trade will be very marked.
Lieutenant Colonel i,atdorf hn.
been elected Colonel Of the First Regi
ment of the Missouri Militia. Col
Wetmore, the retiring Colonel, wa.
compelled TO resign in consequence o.
business engagements, and he is sue
cecded by m officer who has served
since the time OF the Southwestern
strike. lie WAS Lieutcnant-Colc
Of the Fifth Provisional Lsgiment o
Missouri which took part in tn,
Worlds Fair dcdicat on proceedings a
Jackson Park last fall.
Bicycle riding is becoming so com
mon and popular in the city that IL /,
proposed to establish bicycle stable,
In the downtown district In order t,
accommodate the thotisands of tlerisl
and others who ride 10 and from btisi
ness on their wheels daily. Tn,
whcclmen of St Louis are strong be
levers in the value OF cooperation
Shortly lcforc the last municipal cleo
ton they formed committees to wait
upon the various mayornlty candidates
from whom they obtained promise.
which have resulted In the principal
asphalt streets being left unsprinkled
morning and evening for their benefit