St. Paul daily globe., 1893-03-05
Business World Pleased by
Improvement in Value
OF Wheat.
Even a More Encouraging Re-
port Seems Reasonable
to Expect.
The Tremendous Snowfall
Responsible for a Tempo
PaPy Lull.
a Confident Feeling Regard
ing Spring and Summer
Trade.


Trade.
A slight improvement in wheat values
pleaSes the merchants this week, ana
the GLOBE predictions of two weeks
ago are duly verified. \ few dull days
should be expected at 4 time OF eX-
changing administrations, but when
financial matters in the East become
more clearly defined and Wall street
settles down TO its regular knitting the
general trade situation should make
good showing. Money moved westward
and southwark from New York rather
freely during the past week, and one
reason for this is the free marketing OI
products that has kept up.
Concerning the financial situation, r.
II. Bailey, cashier of the First National
bank. sid yesterday that 10 change
was reported from Eastern circles, eA-
cept that the New York bank statement
showed depletion otSl0.G00,UOO. lhiS,
Of course, may cause tightening eject
on money i'm the country. The BANKS
here have a0undaLt opportunity 10
loan all their funds on Erst-claSS paper
at full rates. The clearingS here were
S4.sSe, ,9Ie.T1 during the past week, de-
crease OF SiG9. .3.6.G0 as compared with
the corresponding week ln 1872. EX'
change is about 2jc discount on Chicago
and about par on New York between
banks
Views of Merchants.
Wholesale trade has been almost at a
standstiil during part Of the week on
account of the heavy SHOWS. The boys
have had a chance for winter sports,
and the condition seems to not be con-
fined to the Northwest. Among ire
jobbers the following were interviewed;
L. q. Nalther, c. w. Hackett Hard
ware Company, Wholesale Hardware
Our trade is quite good and all that we
expected. Our collections are good.
Yes. the money Is coming I'D very
nicely.
Robinson. Strauss & Co.. Wholesale
Millinery throughout the coun-
try is fair. We have good orders for
spring sio. k. The bl0ckades, Of course,
have in eTfPred somewhat lit times dur
Ing the past three weeks, bat The pros
poets ale very good for our line or DuSl-
Hess.
John Hart, Hart, Murphy & Whaley,
Manufacturers of CigarS-We are man
enployts are all busy. The trade is
far, although tie SHOW blOckades have
interlered with both trade and cullec-
ti0Rs 10 Il considerable extent. with
the storms abated and favorable
spring. we fell that we have no Tear OF
our trade. We have. therefore, kept up
cur operations right along.
Prices Well Held Up.
J. ". COoEcr. Griggs. Cooper q Co.,
Wholesale GircceTioS-The storms have
intcrfrrcd with general business, but,
Notwithstanding that. or business our
Ing February showed marked increase
over that of February, 1892.
Prices are well maintained, p2rticu-
larry on dried fruits. which show de-
cided improvement III values. T0baccoS
are averaging higher all along the line.
The movement of fish has been heavier
than ever known before during lenten
season and at higher prices. Rapidly
advancing markets are looked for. Col
lectiOHs lave fallen of very materially
fron what we expected, but will very
likely be better with settled weather.
d. Il. NOyes, Noye5 Brothers x Cut
lpr-The conditions OF trade are now
daily improving, and unless the finan-
cial conditions at the EaSt-which APP
pear TO be undaly disturbed during the
change OF administrations should cause
trouble, we see no reason for any apDre-
he;.sion Of other than reliable, we'll
sustained and good business for the
spring. \ great deal Of wheat is still
retained III the country on account Of
the low prices of the fall and early
winter, and, although prices are still
low and an advance is locked for soon,
it will, in my opinion, require quite an
advance to bring it out of the hands of
the people, who are pretty well situated
10 hang OIL.
The trade since the first of the year
during the past two mOnthS) has been
impeded by the severe cold weather,
and especially by the great amount of
SNOW in the country, which in many To-
caljtieS has entirely put a stop to trade.
Some of cur letters show that certain
towns we're reached by using skis.
With the opening up of roads, and
with the opening of spring now close at
hand, we expect very considerable
increase Of trade. Indeed, this Increase
is already beginning to be manifested.
Even with these peculiar obstacles to
contend with. the amount of business is
astOnishingly large. and the amount of
new enterprises is also an indication
that trade III the Northwest is at any
thing but StandStill. In the northern
ties where general business is reported
pretty quiet. But. as far as the drug
trade is concerned, we have no reason
TO complain. As a rule, prices are firm,
with marked tendency toward advance
In certain lines.
Fair Trade Isl Shoes.
George w. Freeman, C. Gotzian &
Co, Manufacturers of Boots and Shoes
Trade has been fair, consisting princi-
pally in the demand for rubber goods.
the very severe weather and blOckadeS
being Il bar to the trade in leather.
While large shipments have been made
on orders for spring delivery the imme-
diate demand for leather goods has not
been great, although numerous callers
during the past ten days give indica-
ti0nS of promising spring season.
The fire occurring in a small portion
of cur factory last Sunday. although at
the time it looked quite alarming, did
rot result,So seriously as expected. The
loss was fully covered by insurance,
which is about adjusted, and prepara-
tons during the current week for the
resumption of business, on Monday
morning March 6),are about completed.
In Dry Goods Territory.
John Wilkinson, Powers Dry Goods
COmp9ny, Wholesale Dry GoOds-Con-
sidering the snow blockade and the re-
cent weather conditions, trade has been
very satisfactory. We have had about
all we could attend to and the prospects
for the spring and summer trade are
very promising.
In taking possession Of this new
building We have put in a stock
that is second to none in the West. 1t
covers all lines in our trade, and we
saw fit to take this course on account of
the growing demands of the Northwest
that not only required Us to have much
larger quarters than formerly. but also
to add greatly to our lines of high
quality goods. The location is very
convenient. in the heart of the whole
l.. = ~. -.