The Meeker herald., 1893-07-01
THE FINANCIAL SITUATION.
How St. Louis Banks Regard the Out.
look-Hcavy Trnyel to the r.ar.

How St. Louis Banks Regard the Out
look-Hcavy Travel to the rsar.
ST. LOUIS, June 23.-The financial
situation Is giving very little aaxSstv
here. All the banks are reported in
best possible shape and although of
course there is more conservatism than
usual In regard to discounting paper,
there is plenty of money for all legiti-
mate enterprises. On the Real Estate
Exchange, money is offered every day
on realty lands and the rate of interest
continues to be but nominal frac ton
in excess of u per cent, with that
figure exactly for the best loans. The
real-estate market is not quite SO
active as at this time last year though
the returns are much higher than
those of 1891. The building enter
prise, which has been a conspicuous
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
rate of building the total for this year
alone will be considerably over forty
five miles.
The railroad travel between St
Louis and Chicago since the opening
of the World S 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 sleepcrs and other coaches and
even 10 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
ha
time quite majority of the increased
traffic is made up by visitors and tour
lists from distant States. The rail-
roads have granted st. Louis proper
Tomato rates from all points with re-
ductions similar to those given the
City of the Worlds Fair. and hence
there is u great deal of travel from all
points through St Louis, tourists pur-
chasing tickets to this point and avail
ing themselves of the low excursion
rates winch prevail for the ride across
the State of Illinois
Quite an excursion party occupied
special car on the first run made by
the new fast mail North last Sunday
morning. st, Louis has had the benefit
of the fast mail service west and south
west for several years. but until this
week there has been no early morning
newspaper and mail train to Northern
Missouri, Iowa. Nebraska and Illinois
points. The train makes very fast
time as well as close connection with
n number of roads at various points.
and it is expected the influence on the
jobbing trade will be very marked.
Licutenant-C Colonel Batdorf has
been elected Colonel of the First Regi-
mcnt of the Missouri Militia. Col
Wetmore, the retiring Colonel, was
compelled to resign in consequence of
business engagements, and he is sue
ceeded by an officer who has served
since the time of the Southwestern
strike. He was LieutenantCol
of the Fifth Provisional Legiment of
Missouri which took part in the
Worlds Fair dedication proceedings at
jackson Park last iall.
Bicycle riding is becoming so com
mon and popular in the city that it is
proposed to establish bicycle stables
in the town district in order to
accommodate the thousands of CLERKS
and others who ride to and from bust
ness on their wheels daily. The
wheelmen of st. Louis are strong be-
levers in the value of corporation.
Shortly before the last municipal cleo
tion they formed committees to wait
upon the various mayoralty candidates
from whom they obtained promises
which have resulted in the principal
asphalt streets being left unsprinkled
morning and evening for their benefit