Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1893-06-29
THE FINANCIAL SITUATION.
How st. Louis Banks Regard the Out
look-Heavy Travel to the Fair.


ST. Louis, June 23.-The financial
situation is giving very little anxiety
here. All the banks are reported in
best possible shape and although OF
course there is more conservatism than
usual in regard to discounting paper,
there is plenty of money for all legiti'
mate enterprises. On the Real Estate
Exchange, money is offered every day
on realty lands and the rate of interes,
cont nues to be but a nominal fraction
in excess of g per cent, with that
figure exactly for the best loans. The
real-estate market is not quite SC
active as at this time last year though
the returns are much higher than
those of 1891. The building enter.
prise, which has been a conspicuous
feature of the city during the last
three years, is more marked than ever
this summer. The frontage covered
with new buildings during the past
three years exceeds in the aggregate
100 miles in length, and at the present
rate of building the total for this year
alone VIII be considerably over forty.
five miles.
The railroad travel between st.
Louis and Chicago since the opening
of the Worlds Fair has been by far the
largest on record. The five railroads
running day and night trains between
this city and the home of the Worlds
Fair have been compelled 20 put on
extra sleepers and other coaches and
even TO run their trains in sections
This is partly the result of the very
large number of people living in Mrs
souri, who are visiting the Fair, not
once but frequently. At the same
time quite majority OF the increased
traffic is made up by visitors and tour
lists from distant States. The rail-
roads have granted st. Louis proper
Tomato rates from all points with re-
auctions similar to those given the
City of the Worlds Fair, and hence
there is great deal 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.
Quite an excursion party occupied a
| special car on the first run made by
| the new fast mail North last Sunday
morning. St. Louis has had the benefit
| OF the fast mail service west and south
west for several years. but until this
week there has been no early morning
| newspaper and mail train to Northern
| Missouri, Iowa, Nebraska and Illinois
| points. The train makes very fast
| lime as well as close connection with
| a number of roads at various points,
| and it is expected the influence on the
jobbing trade will be very marked.
Lieutenant Colonel Batdorf has
been elected Colonel of the First Regi-
ment Of the Missouri Militia. Col.
! Wetmore, the retiring Colonel, was
| compelled to resign in consequence OF
business engagements, and he is sue
cecdcd by an officer who has serl cd
since the time of the Southwestern
strike. He was Mathematician !
of tho Fifth Provisional Regiment OF
Missouri which took part in the
Worlds Fair dedication proceedings at
jackson Park last fall.
Bicycle riding is becoming so com
mon and popular in the city that it is
proposed to esta blish bicycle stables
in the downtown district in order to
accommodate the thousands OF CLERKS
and others who ride to and from bust
ness on their wheels daily. The
wleelmen of st. Louis are strong be-
levers in the value of cooperation.
Shortly before the last municipal cleo
ton they formed committees to wait
upon the various mayoralty candidat $
from whom they obtained promises
which have resulted in the principal
asphalt streets being left unsprinklcd
morning and evening for their benefit
Actions are ideas in motion