St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-15
Steady, Potent Influence Of
the Booming Of Home
Manufactures.
st. Paul Men Feeling the Ben
efltS Of Certain Home
investments. i1
Trade in It's Relation to the
Markets and to the z
Railroads.
Views OF the Situation as
Expressed by Bankers
and JobbepS.

In trade circles the friendly feeling
between the wholesale merchants and
| the manufacturers has grown greatly
of late, and the retailers of the city have
shown more. disposition than ever in
favor of st. Paul products. In quality,
| price and adaptability to the demands
the manufacturers Of st. Paul are able
| to compete-n their lines OF goods
| with any Eastern city, and II is not sur
| priSing that a growing interest is
noticeable on the subject of home in
| duStries.
The efforts of the Commercial club,
| the JobberS' and Business Mems unions
| have been very beneficial to the manu-
| featuring concerns. 1t has been the
| policy of the Commercial club members
| to seek articles of home production, and
| they have done great deal to stir up
| loyalty among the merchants. both re-
| tail and wholesale, in regard to these
products. Their calls for st. Paul-made
| cigars have had marked effect upon
| that line of trade. 1t is only one line
out of the many in which they
have eXerted their influence. For
instance, one of its members,
bers' union and business mems union,
now has his lithographing done here in
| stead of sending to Milwaukee, as here
| tofore. He is we'll satisfied with the re-
suits. Chicago men stand firm III favor
| of their manufacturerS-Wh frOWn
{ upon that policy elsewhere? The con-
| tiguity of the Twin Cities should make
their relations quite reciprocal, but the
reciprocity doesn't appear to extend
much eastward of Hennepin county.
! The moral support of the home trade is
a great help to business, however, even
| if it is not as far-reaching as should be
expected. 1t is certain that the manu-
facturerS must and will market their
goods. They would rather work AMIGA
bly, with the home departments of trade,
| notion of sticking to Eastern brands has
not been materially changed, and this
minority of manufacturers naturally
feel that their excellent goods and
fair prices have not received as much
attention as they deserved. They are
moving forward, though, with good
success. Their establishments are
growing: but how much greater they
would grow, and how their forces
would increase. il all the elements we're
at work for the home concerns. They
sell some of their goods elsewhere than
| in st. Paul. Goods manufactured here
| sell we'll i'll Washington and California,
and the particular lines of goods to
which reference is made just now go
| into competition with the old-line prod.
ucts of the East. The manufacturers
| here have the latest and best machi-
merry, all kineS of materials. up to the.
| highest grades, and their workmen are
| tirst-class. They can supply home trade
| quickly III lots to suit the
demand. In ordering from the
East specified contracts in reasonably
large quantities are often made when
| the buyers would not have thought of
! such thing as giving definite order
to home manufacturer. But the stu
| alton is changing, and the jObbers are
| disposed to assist in developing many
| interests that help to increase the
wealth and population of the city.
Home Investments.
Many of the bankers and real estate
men, together with other wealthy men
| in different lines of business, have in
| Vestments in home industrial enter
| priseS, where they have the business
| right under their eyes and can have
knowledge Of the management. There
| is field here for considerable money
| in small manufactures and in increas-
ing the established and large concerns.
Notwithstanding Cll NC Stdi lCi ilClC VII q
moderate investment. The sentiment
and moral support of the community are
favorable, and, furthermore. the sur
rounding territory is rapidly developing
into a rich and prosperous domain, pro-
viding a great outside demand for long
list of manufactured articles. Compati-
ton with the East is successful, and the
profits are, generally speaking, far
greater than those made by the holders
of Eastern industrial shares.
The Risks Are Less
on home investments, as a rule. than
those of stock market speculation, where
one story sways a market one day, only
to be denied the day after. A specu-
lator loses a few thousand dollars ON
mess pork. He calls it bad luck and
says nothing. If he loses the same
amount in some department of his home
manufactory be raises a racket, and ten
| to one he secures new superintendent
or clears the manager and other SubOr-
dlnates out. When he invests his
money at home he improves his prop
erty and the property of his home pe0-
| ple The business and the plants in
! which he is interested are, most likely,
! Of two-fold benefit. Yet, should he,
| perchance, lose a trifie on one, he has
| had the satisfaction of making on the
| others.
The Financial Field.
Money is close at the banks, even for
! good business paper, and exchange con-
| tinues to bring premium about equal
! to the cost of forwarding the currency.
| The bankers look upon this weeks i'm
| provement in the wheat market with
! some interest in view OF its probably
| favorable effect upon the wheat-raiSing
sections. Money closed easy in the
| New York market. but there has been
disposition lately toward speculative
manipuIations. If they are carried
forward they Will require large
amount Of cash.
| Railroad Notes.
A contract was closed yesterday for
! the movement of three trainloads of
LUMBER for one party via the Northern
| Pacific from Washington state to Mich
| igan. The lumber will be in timberS
and dimension stuff. The party wants
| the three trains to move close together
so that they will make showing at Chi
| cago.
In the fruit line during the past two
years $4,000 acres of orchards have been
set out in Washington. In the course
| OF two or four years their products will
| be a valuable source of supply for the
| Twin Cities and the intermediate coun-
try. The fruits of Washington and
| Oregon are large, beautiful and lus
cious The St. Paul markets handled
such products to good advantage during
| the past season.
In the Wholesale District.
Another handsome new wholesale
house, fronting on Smith park, is about
completed. So, also, is neat one on
Sixth street, corner of Cedar. Others
are to be built in both of the localities
mentioned early next spring.
Messrs. Arthur Il ABBOTT have moved
| from Third street TO the corner of
| Fourth and Wacouta.
The conditions Of business can be
summed up from the following inter
views:
Powers Dry Goods Company, Whole
saIe-The cold weather and snow has
brought i'll additional orders for heavy
! goods Our travelling men are starting
| out now with spring lines for the trade.