St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-03-19
The TREND OF TRADE.
Banks Have a Fair Reserve
and Money Is Easing UP
a Little.
6ut the Monetary Situation
Still Attracts All Atten-
ton.
Merchants Find Spring Orders
Coming in Quite Salts
faetorily.
Retailers Preparing for the
Expected Change to
Spring Wea Their.

The bank statements of st. Paul pub
lished yesterday show a substantial re-
serve over and above the legal require
ments. This condition is nothing new,
but interest has been added to it by the
financial talk of some time past. In
this respect banking centers of the
WeSt-ChicagO. for inStance-make q
better showing than the banks of New
York. The latter city reported yeSter-
day decreases, in loans, S5,47l, 500; in
deposits. s., 24S, 200; specie. S2l0600, and
increases in reserve, 1885, $50; legal
tenders, 1924, 400, and in circulation.
s3S, 800.
The publication dates OF three st.
Paul banks do not fall upon this time.
The foOtingS of all the other banks here
Yesterday aggregated So, 100, 600 OF avail
able assets. including s., sos, 900 in gold.
John 5. Prince, president of the Saw
ingS Bank of St. Paul, said that while
money is in active demand, the banks
are in a strong position, and speaking
of the one of which he is the head, its
accounts, which made such good show
ing at the time OF the last statement,
have since shown marked and crafty
ing improvement.
L. NJ. KerSt. assistant cashier of the
Germania bank, considers the situation
here quite favorable. although the de-
mand for money is quite active.
Al the Merchants National bank the
cashier, +. a. Seymour, said that money
is active and well employed at full
rates. Customers are being cared for
on regular business and good paper,
i-ac itrrofinp frannrq llKF Snn9iginEr
better in the West than on the Atlantic
seabOard. Concerning exchange, 1t has
been rather yacillating of late, the rates
depending mostly upon the immediate
conditions of the market; and, While
exchange has ruled mostly at par be-
tween banks, yet block of 100000 or
more might call for considerable dis
count. Wholesale merchants are con-
Servative about extending their credits;
and. although the general financial con-
ditiOn among the wholesalers is looked
upon as sound, yet they are wise il be-
ing conservative in view of the tlurrleS
that have been felt in the financial Cir
cles of the East.
In the Wholesale District.
Orders for spring goods come in more
freely every time the weather moder-
ates, and the general report among the
wholesalers is that the prospects for
good trade this season are excellent.
They are conservative in their dealings,
however, and the feature of new bills
Tor new stocks of goods for people just
starting in buSineSs) is not as noticeable
as it was a year ago. The cooler weather
OF the week, as compared with the pre-
YiouS Week, has stiffened the roads in
the lumber woods, so that logging has
gone forward more advantageOusly in
Northern Minnesota. Some Of the Still
water men who operate on the st. CIoiX
river and its tributaries have paid OFF
their loggerS and called the season
ended, but the majority of the lumber
men are still at work, expecting to come
close to preaching the cut that was figured
on during the middle of winter.
a least one of the manufacturing
concerns, the konantZ Saddlery CON-
p2ny. will move into a tineneW building
which is to be erected on East Sixth
street. between Sibley and WacOuta
streets, during the summer. The con-
Germ viii employ about 200 skilled
hands, and will add another thriving
establishment to that locality, fronting
on Smith park, where are now located
NicOls d Dean, Moves Bros. IL Cut
tier, c. Gotham & Co., McKibbin d Co.,
Guiterman Bros, Koehler d Hinriehs
and the Powers Dry Goods company.
1t is now very important part of the
Wholesale district Of the city, and the
solid appearances of the new buildings
add to the effectiveness OF the park.
In the hardware trade there has been
no material change in prices of late eX-
eepting on wire nails which, owing to
the advance III steel billetS, from which
wire nails are made, the latter have
been advanced about 15c per keg at the
factories. Barbed wire is also made
from steel billets, but has not been ad-
vanced as yet. The efforts of the Lake
Superior iron mine men to regulate
their Output has not thus far had any
perceptble effect upon the hardware
markets. One of the large hardware
houses talk CT securing still more COM
modious quarters soon, and would have
been located before now but for the
hitch in the proposed subway enter
prise.
In the vicinity of the new govern