The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-02-12

organized to go into the country in
quest of gold
The English capitalists do not see
much promise in the Klondike coun-
try, as their comparatively recent ex-
per1enceS with the mining ventures in
South Africa, Australia and even South
America has led to a more conserve
tive view of this class of investments.
Large sums Of money are no longer be-
ing invested by Eastern syndicates on
the excitement of the moment The
people who are leaving England have
no experience whatever in prospecting
and many are going poorly equipped.
No very large placings of accumu-
lated capital are now being made in
America.
mo, the Teller resolution does not
seem to have created any distrust of
American securities in London Entire
coincidence is placed upon American in
VeStments by Englshmen who own
large blocks of American securities.
There is no feeling of distrust of Amer
lean holdings
A. P. McGinnis, Of Los Angeles. Cal.
claim agent of the Union Pacific. was
at the Ryan yesterday. The frost Mr..
McGinnis says, has done but little
damage to the orange crop, which is
now being harvested and shipped East
IN car load lots The orange groves
on the low lands have suffered con-
slderably, but the largest portion of
the orange acreage of California. he
ing on the more arid land, there has
peen little loss experienced by tho
growers whose groves are on the less
protected land, where the wind gets !,
full sweep.
From present indications this years.
crop would average about the same az
previous years. About 1900 cars, Mr..
McGlnns thought, would be shipped
out of California
The new railroad through the San
Joaquin railway had been completed
about $50 miles. The new road when
completed would open up a very rich
fruit growing country.
L. c. Wood, of Chicago, was at the
Merchants yesterday. Mr. Woods is
steel: dealer in Chicago, and is on
one OF his periodical trips to st. Paul.
He said: ut will be ten or fifteen wears
before Montana will furnish export
stock. Not head of the Montana
stock is exported, it being all s.augh-
tered and dressed in Chicago. Montana
stock can be fattened on their highland
grass to certain point and after that
they can go no farther The other
states, such as Iowa. Nebraska and
do not leave them to rustic for Them
selves.
Minnesota has a great future as a
stock state because of the acres and
acres Of excellent pasturage, and the
favorable and profita BILE conditions for
raising corn
Minnesota does not pay enough at
tentfon to breeding stock. The stock
which has come from Minnesota of late
has been very poor. A great scarcity
of feeders has prevailed in Iowa for
the last two years. Much of the Mime
sofa stock has been shipped there for
fattening, and it has resulted disas-
trouSly to the Iowa stock
IF more attention was paid to breed
ing in Minnesota it would place Mime
sofa on par with any locality in the
United States as a stock raising state"
William Farrell, another capitalist.
was at the Ryan yesterday. Mr. Far
rell halls from British Columbia. He
has been on a three months trip to
England with his family.
Mr.. Farrell asserts that Vancouver
is the most beautiful city in the world.
He says great amount of English
capital has been expended in develop
ing British Columbia, and there is
promise of much more Several COM
panies were being formed while he was
in England.