St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-02
The CROP LOOKS BAD.
Rain Greatly Needed, Espe-
eially Through the Da-
kotas.
South Dakota, at Best, Will
Not Have Over a
Half.
The General Summer Trade
Reported Fair by the
Jobbers.
Collections Have Improved
and FOR the Times Seem
Fair.

REDUCTION from the earlier crop GStI-
mates is certain to result from the I'M
favorable conditions caused by the hot
weather, but that reduction is not now
likely to be anywhere near as wide
spread as many expected at the middle
of last week.
In accordance with the declarations
all the regular bank dividends were
credited up yesterday and became avail
able in the ordinary run of business.
They amounted in this city to fully
S250,GOO. President Cleveland's procla-
nation. as Cashier Anderson, of the st.
Paul National bank, said: Impaired
those hopeful feelings that generally
precede Improvement in conditions"
Among the merchants OF st. Paul 4
great feeling of satisfaction was no.
tIceable yesterday on account of the
early assembling of congress, and the
prospect Of that body repeating the
sIlver-purchase law. The prospect
should change the sentiment which has
been prevailing concerning finances,
and which made money close in many
parts of the country. Money should
rapidly return to its proper channels,
instead of being boarded.
The July payments by the govern
ment and financial Institutions of the
East began yesterday, and must amount
to fully 100000, 900. In fact, some of
these dividends had been anticipated
paid before due. The wheat delivered
at Chicago, about C, 100000 bushels, went
into strong bonds on the July contracts,
~
proyement. Wheat closed there %
cents per bushel higher for July. and
rs cents higher for September than on
Friday last.
Taking into consideration the i'm
provement i'll the East, as well rs the
substantial conditions here, the bust
ness men went to the lake yesterday
afternoon with pleasant anticipations of
recreation and sport. Tight money
markets did not worry them much, and
it Is noted that the high rates quoted by
New York during the week applied
only temporarily after lndia's ukaSe
against silver.
Exchange was scarce here between
the banks, there being no surplus in
that department.
The Wide difference in feeling regard
ing the crops. as compared with a few
days ago, can be seen in the following
opinions and interviews:
a letter from Chicago to Charles II.
f. Smith IL Co., grain commission men
OF the chamber of commerce, says:
"A1l the adViceS we get point to a
light yield of winter wheat. and we'll
Informed parties in the Northwest say
that the spring wheat crop Will not en-
coed 80 per cent of an average. We
think this is low. but we are prepared
to see much lighter crop than we had
year ago. There has been some fair
buying for export: if this only continues,
and we can only reduce Our stock 4,O00,-
0000 to 10000 bushels. it will be good
for an advance OF at least SIX cents.
Col. s. Il. Magill. who started from
Fargo, n. D., Thursday, was at the Mer-
chants Friday and said: The excess
lively hot weather and winds have been
the cause OF much complaint from the
Wheat-grOWng section comprised in the
south half of North Dakota and the
north half of South Dakota. excepting
the immediate Red river valley. which
has stood the drought better than the
higher grounds. A prominent travel
ing man for large agricultural imple-
ment house informed me recently that
his concern has withdrawn from bust
ness i'll South Dakota. In some places
they will not have more than
one-thlrd of an average crop, if
that In all of the DakotaS the
shortage will be at least 1914 per cent.
L met K. {. Cooper, the great wheat
grower of Cooperstown, n. d. He told
he that they would only have half
crop, and l saw samples of Ransom
county, \. D., wheat, which had grown
six or eight inches of stem and began
heading out. That kind of growth gives
poor grain. James Holmes, of Western
Cass county, n. d., told me that of
l.20O acres OF wheat he would plow I'M
der 400 acres. IF we do not have
abundant rains soon, our district will
suffer severely"
Alfred Schetfer. of Schetfer 81 Ros-
sum, wholesale dealers in leather and
Saddlery hardware, returned from
South Dakota yesterday. He said the
crops did look sick in the vicinity of
Redheld, Gettysburg, Ashland and
Faulkton, but they had tremendous
rain there on Friday, which might help
them out good deal. The short straw
and immature heading was noticeable
i'll some places, but the farmers hoped
for renewal of vigor and growth in .
The plant. They claimed that under
somewhat similar circumstances they
had been agreeablY disappointed during
some of the previous years. A hail
aye. The firm expressed their pleasure
at the proclamation Of President Cleve-
land on the silver question, and felt that
IL should change tue sentiment to favor
able conditions on financial affairs.
Robert A. Kirk, Treasurer Farweil,
Ozmuh. Kirk & Co., Wholesale Hard
ware-Concerning the growing crops.
we have adviceS dated at Jamestown,
June 80, saying they had nice rain on
hnt Il la-
Fully an inch fell. This is feDm relia-
BILE customers. One of our travelling
men wrote on the same day that he had
made careful examination into the
crop situation at Davenport, Kindred.
Sheldon, Lisbon, Leonard Gardner and
Grandin. and found that the wheat
stood rather thin, but good in color, and
that 1t promised to average twelve
bushels per acre (or a medium crop).
This travelling man said: I'VE have
today plenty of rain. SO there is no rea-
son TO lower these views. With reason
able rains and excepting local hail
storms and early frost this district is
Safe.''
d. J. Hennessy said: 81 think from
what l have heard that the damage to
wheat i'll the Dakotas is not leparabIe,
Good rains are bringing the crops for
ward wonderfully. With fair crops and
Il settlement or the silver and tariff
questions St. Paul and the Northwest
should prosper more than ever"
w. B. Hastings-Barrett & Barrett,
Wholesale elders. Vinegar and Malt
Beverages-We have had very fair !.
trade this week. The trade in cider has
been better than last year, and the
vinegar trade is picking up. Our trade
in imported and domestic ales is grow
ing nicely. With prospect of getting
the silver bugbear out of the way tbs
chances for the rest of the season are
excellent.
John II Allan Allan No., O. r.