The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1893-07-01
THE FINANCIAL SITUATION.
How ST. Louis hanks Regard the Out
Iook--Heavy Travel to the Fair.

Iook--Heavy Travel to the Fair.
ST. LOUIS, June a3.-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 conservati- m than
usual in regard to discounting paper,
there is plenty of money for all lcgiti-
mate enterprises. On the Real Estate
Exchange, money is offered every day
on realty lands and the rate of interest
cont nues to be but a nominal fraction
in excess OF per cent, with that
figure exactly for the best loans. The
real-estate market Is not quite so
active as ut this time last year though
the returns are much higher than
those of 1891. The building enter
prise, which has been conspiC uous
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
rats OF building the total for this year
alone will b. considerably over forty.
five miles.
The railroad travel between st.
Louis and Chicago since the opening
of the Word 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 to put on
extra sic pers and other coaches and
even % run their trains in sections
This is partly the result of the very
large number of people living in Mis-,
souri, who are visiting the Fair, not
onte but frequently. At the same
time quite Il majority Of the increased
traffic is made up by visitors and tour
lists rom distant States, The rail
roads have granted st. Louis proper.
tomato rates from all points with re.
ductions similar to those given tn,
City of the Worlds Fair, and hence
there is great deal of travel from al
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 G
| special car on the first run made by
the new fast nil North last Sunday
morning st. Louis has had the beneti,
| of the last mail service west and south
| west for several years. but until thi.
week tn re has been no early MOI ming
| newspaper and mail train to Northern
| Missouri. Iowa Nebraska and Illinoi,
| points. The train makes very fas'
| time as well as close connection with
number of roads ut various points
| and it is expected the influence on til,
| iobbing trade will be very marked.
Lieutenant Colonel I'atdorf ha.
been elected Colonel of the First Regi.
ment of the Missouri Militia. Col
Wetmore, the retiring Colonel was
compelled to resign in consequence o!
business engagements. and he is sue
ceeded by an officer who has serl Ct
| since the time of the Southwesterr
strike. He was l.ieutenant-Colon
of the Fifth Provisional Regiment o
Missouri which took part in tn,
| Worlds Fair dedication proceedings n
| Jackson Park last tall q
Bicycle riding is becoming so com
mon and popular in the city that it is
| proposed to establish bicycle stables
in the downtown district in order tC
accommodate the thousands of CLERKS
and Others who ride to and from bust
ness on their wheels daily. Tn,
| wheelmcn of ST. Louis are strong he
| levers in the value of cooperation
Shortly before the last municipal elec
ton they formed committees to wal
upon the various mayoralty candidat"
| from whom they obtained promises
| which have resulted in the principa
| asphalt streets being left unsprinkle'
morning and evening for their benefit